Texas Municipal Retirement System (TMRS) · 19 hours ago
Portfolio Manager - Private Credit
Texas Municipal Retirement System - Austin, TX 78731
Full-time
Onsite
Entry, Mid Level
2+ years expTexas Municipal Retirement System (TMRS) is a trusted partner to more than 940 cities across Texas, providing retirement, disability, and survivor benefits to over 260,000 public servants and their families. As a Portfolio Manager, you will assist in managing various fixed income and alternative investment portfolios with a focus on private credit, including sourcing investment opportunities and performing due diligence.
Financial ServicesGovernment
Responsibilities
Source and evaluate both fund and individual co-investment opportunities, lead due diligence, and present recommendations for new commitments and terminations
Manage negotiation, execution, and ongoing monitoring of investment management agreements and limited partnership vehicles
Monitor and analyze portfolio performance, prepare reports, and clearly communicate findings to leadership
Contribute to portfolio management discussions, including assessment of risk, returns, and capital markets trends
Support cross-functional initiatives across the investment department, including policy development, financial reporting, and legislative matters
Collaborate with internal and external stakeholders to ensure efficient, scalable processes that enhance investment decision-making
Qualification
Required
Bachelor's degree in finance, economics, accounting, or related field
Two or more years of experience in manager selection, fixed income, or credit analysis
Ability to travel
Preferred
Certification (CFA, CAIA)
Advanced degree (MBA, Master of Finance, etc.)
Benefits
Competitive pay based on experience
Participation in TMRS pension plan, with a 2:1 organization match.
Optional participation in a 457B Deferred Compensation Plan
Medical, dental, and vision insurance at no cost to employees
12 paid holidays; generous leave
Modern, centrally located Austin office
Company
Texas Municipal Retirement System (TMRS)
The Texas Municipal Retirement System (TMRS) is an award-winning statewide public retirement system that provides retirement, disability, and death benefits to more than 260,000 employees, retirees, and their beneficiaries of more than 940 participating Texas cities.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Anali Alanis
Chief Quality Officer
Christine Mullen Sweeney
Chief Legal Officer
Recent News
2026-01-06
WSJ.com: Markets
2025-10-09
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