UTIMCO provides an excellent benefits package including a flexible health plan, a generous 403(b) retirement program, vacation and holiday schedules competitive with the private sector, paid parking, and an excellent working environment.

If you are not from the Austin area, click here for information on the area.

If you are interested in career opportunities at UTIMCO, please send a cover letter with salary expectations and your resume, indicating the position in which you are interested, to:

Principals only, please. We welcome applications from all individuals. All materials will be kept in strictest confidence. UTIMCO is an equal opportunity employer.

Endowment Hedge Fund Associate

Created in March 1996, The University of Texas Investment Management Company (UTIMCO) is the first external investment corporation formed by a public university system and oversees investments for The University of Texas and Texas A&M Systems. Current assets under management exceed $23 billion. For more information, please visit www.utimco.org.

The Hedge Fund Associate will work closely with the Managing Director and is responsible for monitoring current investments, evaluating potential investment opportunities, and executing projects pertaining to the administration of UTIMCO's hedge fund program, which currently exceeds $6 billion. Broad responsibilities include:

• Manage portfolio of hedge fund manager relationships (including monitoring individual manager performance and risk on a regular basis, fostering valued relationships with all individual managers, conducting periodic updates to initial due diligence, conducting periodic on-site visits with key investment and operations personnel at each manager)
• Source and assess new investment opportunities by establishing industry contacts, holding meetings with prospective funds, attending relevant industry conferences/forums, performing initial qualitative and quantitative analysis as required, and maintaining current prospective manager database
• Lead comprehensive due diligence process for evaluating prospective mangers that consists of in-depth analysis of investment strategy, performance and risk analysis, manager strengths and weaknesses, risk management, operations, manager backgrounds, reference checks, evaluation of service providers, assessment of existing investor base, and thorough review of relevant legal documents with input from outside counsel
• Lead negotiation of investment terms with new and existing managers with advice of Managing Director and outside counsel
• Assist the Managing Director with asset allocation decisions and portfolio evaluation, considering available capacity with existing manager relationships and liquidity impact of new additions
• Prepare standard and ad hoc reports and presentations to facilitate communication and transparency to the Board and other external entities as required
• Manage work streams and deliverables of junior-level team members and interns and take primary initiative for their career development
• Maintain current knowledge of the hedge fund industry and global capital markets by monitoring current financial publications, as well as leveraging personal contacts with outside research/industry professionals and conducting ad hoc research as necessary
• Communicate effectively and responsibly with 8-person Hedge Fund team and other UTIMCO staff, and promote a true team atmosphere
• Represent UTIMCO in the marketplace with highest integrity and professionalism

The Associate should have an MBA from a leading institution and/or a CFA designation and have 3-5 years of relevant experience in finance or investment-related field (investment banking is a plus). The Associate should have exceptional quantitative skills to evaluate fund and portfolio performance and risk and should be well-versed in Microsoft Excel and financial applications (e.g. Bloomberg, Factset). Strong, proven communication, organization skills and good attitude are essential.

Financial Analyst - Natural Resources & Infrastructure

Competitive salary and bonus with substantial benefits located in Austin, TX

COMPANY DESCRIPTION: University of Texas Investment Management Company (UTIMCO) - the investment manager for over $24 billion of investment assets controlled by the Board of Regents of the University of Texas System. UTIMCO is the first external investment corporation formed by a public university system. UTIMCO offers unique exposure to a variety of asset classes and unparalleled interaction with many of the world's best money managers. UTIMCO maintains a diversified portfolio of U.S. and global equities, U.S. and global fixed income instruments, commodities, REITs, private equity, venture capital, and alternative investment strategies.

The Natural Resources portfolio has a target exposure of 10% of the endowments total assets. The asset class covers investments in oil & gas, power, commodities, metals & mining, agriculture, livestock, timber, water, infrastructure and other hard asset opportunities The Natural Resources team will invest primarily with external managers through long only strategies focused on public equities and fixed income, long-short alternative investment vehicles, and private investments.

JOB DESCRIPTION: The Analyst will work directly with the Natural Resource and Infrastructure team and other UTIMCO investment professionals to research, analyze, monitor, and invest within these asset categories. Depending on current work conditions the Financial Analyst will receive broad exposure to the entire investment process and participate in broader UTIMCO investment allocation decisions. The responsibilities of a Financial Analyst will include, but are not limited to:

• Analyze and support investment objectives, allocation strategies, and investment performance within Natural Resources and Infrastructure
• Screen, monitor, and assist in the selection of money managers through fund and asset class research, manager meetings, and portfolio analysis
• Support, track, and monitor all phases of the investment process and investment performance
• Assist investment staff in negotiating and drafting deal terms with managers and other outside parties
• Conduct asset class research and develop investment thesis

REQUIREMENTS:

• Degree in finance, accounting or engineering preferred.
• 1+ years of professional energy and/or commodities experience, preferably in investment banking, investment research, or in an institutional environment a definite plus.
• This is a pre-MBA position ideally suited for individuals with strong financial and analytical skills.
• Strong analytical, problem solving, and organizational skills are essential to success in this role.
• Knowledge and understanding of information systems including advanced computer skills in spreadsheets and databases (knowledge of Bloomberg a plus)

Real Estate Associate

The Real Estate Associate will work closely with other senior members of the UTIMCO investment team undertaking responsibility for monitoring current investments, evaluating potential investment opportunities, and executing projects pertaining to the administration of UTIMCO's Real Estate portfolio, which has a current allocation of approximately $2 billion. Broad responsibilities include:

• Oversee portfolio of public or private manager relationships (including monitoring individual manager performance and risk on a regular basis, fostering valued relationships with all individual managers, conducting periodic updates to initial due diligence, conducting periodic on-site visits with key investment and operations personnel at each manager)
• Source and assess new investment opportunities by establishing trusted industry contacts, meeting prospective funds, attending relevant industry events, performing qualitative and quantitative analysis as required, and maintaining current prospective manager database
• Develop capacity to lead comprehensive due diligence process for evaluating and underwriting prospective mangers (including but not limited to in-depth analysis of investment strategy, performance and risk analysis, manager strengths and weaknesses, risk management, operations, manager backgrounds, reference checks, evaluation of service providers, assessment of existing investor base, and thorough review of relevant legal documents with input from outside counsel)
• Lead negotiation of investment terms with new and existing managers with outside counsel
• Assist Director of Real Estate with asset allocation decisions and portfolio evaluation, considering available capacity with existing manager relationships and liquidity impact of new additions
• Prepare standard and ad hoc reports and presentations to facilitate communication and transparency to the Board and other external entities as required
• Manage workflow and deliverables of junior-level team members and interns and take primary initiative for their career development
• Maintain current knowledge of the real estate industry and global capital markets by monitoring current financial publications, as well as leveraging personal contacts with outside research/industry professionals and conducting ad hoc research as necessary
• Communicate effectively and responsibly with other Private Markets team members and UTIMCO staff, and promote a true team atmosphere
• Represent UTIMCO in the marketplace with highest integrity and professionalism

The Real Estate Associate should have an MBA from a leading institution and/or a CFA designation. The Associate should have 3-10 years of relevant experience in finance or investment-related field; investment banking or real estate equity investing experience is a plus. The Associate should have exceptional quantitative skills to evaluate fund and portfolio performance and risk and should be well-versed in financial applications (e.g. Excel, Bloomberg). Strong, proven communication, organization skills and good attitude are essential.