Portfolio Manager

We're excited you're considering joining a great place to work!

Texas Mutual is deeply committed to creating and maintaining an environment of mutual respect and is proud to be an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to age, race, color, national origin, religion, sex, gender identity, sexual orientation, genetic information, veteran status, or any other basis protected by local, state, or federal law.

About this Position
The Portfolio Manager supports the Investments department in managing the Company's investment portfolio, including commitments across private equity, private credit, and real assets. This role works closely with senior investment professionals across sourcing, diligence, onboarding, monitoring, and reporting for the investment portfolio. Collaboration is central to this role: the Portfolio Manager actively engages with investment team members and cross-functional partners - including Accounting, Enterprise Risk, Legal, Tax, and Treasury - contributing analytical, operational, and reporting support in areas including manager oversight, asset allocation, risk management, and investment operations.

Responsibilities & Qualifications

Portfolio Management

• Perform complex asset management work involving fundamental investment research and analysis to enhance due diligence and portfolio construction in coordination with approved investment policies across the spectrum of asset classes in which the Company invests.
• Evaluate new investment opportunities by participating in meetings with asset managers and take diligence notes, assess fit for the portfolio, and maintain a forward-looking pipeline. Support the evaluation of new and existing investment opportunities by conducting strategy and manager-level diligence and contributing to the preparation of investment memos.
• Coordinate manager onboarding across legal, finance, and tax teams to ensure timely closings and accurate documentation for investments, inclusive of subscription documents, responding to KYC requests, and updating custodian and internal systems.
• Analyze, track and report on current manager exposures, including analyzing alternative portfolio performance, attribution, risk trends, peer benchmarking, and the underlying risk characteristics of the portfolio.

Portfolio Reporting, Accounting & Operations

• Support operations, reporting, accounting, and analysis on the overall investment portfolio, (ii) collaborating on portfolio construction, investments monitoring, and risk management across asset classes within the overall portfolio, (iii) conducting research projects, and (iv) sharing economic and market insights to guide portfolio decision-making.
• Maintain up-to-date information on mandates, managers, and investments in internal databases and third-party systems.
• Produce quarterly investment updates and develop and maintain manager scorecards using qualitative and quantitative analysis. Monitor and forecast commitment pacing, NAV, and risk limits against approved investment policy guidelines.

• Manage capital calls, distribution notices, and other fund-related documentation, ensuring timely execution and communication with internal stakeholders.
• Respond to ad-hoc inquiries from internal stakeholders-including finance, tax, and the broader investment team, related to the investment portfolio.
• Stay current on investment industry developments, market conditions, accounting standards, and regulations to identify opportunities and risks and inform portfolio decision-making.

Required Qualifications

• Bachelor's degree or equivalent is required, preferably Finance/Accounting.

• 10+ years of investment experience including manager sourcing, selection, and oversight.
• Investment experience in an insurance company.
• Experience allocating capital to public and private markets.

Preferred Qualifications:

• CFA and/or CAIA designation

Flex-Hybrid Work Environment:

Texas Mutual's flex-hybrid schedule allows you to bring your best self to work by working remotely and collaborating in the office based on business needs. All Texas Mutual employees are required to have Texas residency and travel to their designated office as needed.

Our Benefits:

• Management incentive plan bonus and merit-based pay increase
• Monthly car allowance
• Lifestyle Savings Account ($1,000 per year)
• Automatic 4% employer contribution to retirement plan
• 401k plan with 100% employer match up to 6%
• Supplemental executive retirement plan
• Student loan repayment matching in 401k plan
• Three weeks' time off for vacation
• Nine paid holidays and two personal days each year
• Day one health, Rx, vision and dental insurance
• Life and disability insurance
• Flexible spending account
• Pet insurance and pet Rx discounts
• Annual executive physical
• Free on-site gym, fitness classes, and health and wellness resources
• Free identity theft protection
• Free student loan repayment and refinancing consultation
• Professional development and tuition reimbursement
• Free onsite snacks