TREASURY SPECIALIST V
Investment Specialist
Recruitment #21-002747-0001
Department | Treasury Management |
---|---|
Date Opened | 3/16/2022 12:05:00 PM |
Filing Deadline | 7/7/2022 5:00:00 PM |
Salary | $51,481.00 - $84,061.00/year |
Employment Type |
Full-Time
|
HR Analyst | Cissy Blasi |
Work Location |
Anne Arundel
|
Introduction
State Finance and Procurement Article §6-222
governs the investment of the State’s unexpended or surplus money and assigns
this responsibility to the State Treasurer’s Office. It is the policy of
the Maryland State Treasurer’s Office to invest public funds using a p investment
strategy, in a prudent manner which will provide the highest investment return
with the maximum security, while meeting the anticipated daily cash flow
requirements of the State. The Investment Division also manages the
investment of General Obligation bond proceeds.
GRADE
LOCATION OF POSITION
Annapolis, Maryland
Main Purpose of Job
The Investments Department is responsible for
investing and accounting for the State’s $15 Billion +/- investment portfolio
and daily cash management. This position is the sole position that assists the
Chief Investment Officer in carrying out this responsibility. Additionally,
many of the functions performed by this position cannot be performed by the
Chief Investment Officer due to audit requirements related to separation of
duties.
POSITION DUTIES
This position assists the Chief
Investment Officer (CIO) by carrying out daily operations in order to execute
short-term and long-term investment strategies developed by the Deputy.
Tasks include, but are not limited to:
· verifying,
in conjunction with the State’s Contracted disbursement bank, the State’s daily
cash balance
· investing
non-committed cash, under the direction of the CIO
· soliciting
rate quotes from authorized brokers for daily trades
· ensuring
documentation of all investment transaction activity is complete and accurate
· posting
portfolio transactions to the investment software daily
· monitoring
daily cash flows through wires, reconciliations, etc. in order to support the
CIO with cash projections
· confirming
trades are collateralized by the Safekeeping Agent at 102% of invested dollars
· calculating
monthly interest allocation for authorized State agencies
· reconciling
and reporting
· verifying/auditing
confirmation tickets sent by brokers
MINIMUM QUALIFICATIONS
Education: Possession of a bachelor’s degree from an accredited
four year college or university in the field of accounting, finance, or
business administration, including or supplemented by at least 12 hours in
accounting.
Experience: Five years of professional experience in accounting,
finance, cash management analysis, or investments.
Notes:
1. Possession of a certificate as a Certified Public Accountant
may be substituted for two years of the required experience.
2. Applicants may substitute graduate education in an academic
field related to the required experience from an accredited college or
university at the rate of one year of education for one year of the required
experience.
3.
Candidates may substitute U.S. Armed
Forces military service experience as a commissioned officer in financial
administration and program classification or financial administration specialty
codes in the accounting and budget group field of work on a year-for-year basis
for the required experience and education.
SELECTIVE QUALIFICATIONS
Applicants
must meet the selective qualification(s) to be considered. Include clear and
specific information on your application regarding your qualifications.
Two of the
five years of experience stated above must be specifically handling cash
management.
DESIRED OR PREFERRED QUALIFICATIONS
§ Knowledge of government securities
investing
§ Ability to analyze basic economic and financial
market trends and make rudimentary investment recommendations in relation to
financial goals
§ Experience working in Bloomberg or other
relatable investment software
§ Advanced skill in MS Excel, including formulas,
reconciling tools, tables & graphs, etc.
§ Skill in attention to detail
LIMITATIONS ON SELECTION
Candidates must be willing to work in the
Annapolis area
SELECTION PROCESS
EXAMINATION PROCESS
BARGAINING UNIT STATUS
BENEFITS
This is a full-time, permanent position with the State of Maryland, and is eligible for full State benefits. Some of these benefits include:
· Comprehensive, subsidized health, dental and prescription plans
· Flexible Spending Account plans for Health Care and Daycare
· Paid holidays 12-13 per year
· Generous paid leave package (annual, sick, personal and compensatory leave)
· State Pension ("defined benefit" plan)
· Tax-deferred supplemental retirement savings plans (401(k) and 457)
· Free parking
To learn more, click here:
FURTHER INSTRUCTIONS
Applicants should submit a resume with their application. All candidates will be subject to a background
investigation to include credit, criminal, and driving history.
General questions may
be directed to the State Treasurer’s HR Office at 410-260-7078.
All job opportunities within the MD State Treasurer’s Office are
accessible through JobAps, the Statewide Recruitment, Examination and Applicant
tracking system. By using the “Department” filter and highlighting
“Office of the Treasurer,” you can view all active recruitments within our
agency. First time users can register for an account by
selection a position for which to apply, choosing “I am a new user” at the
bottom, then keying the necessary fields. If you do
not have access to a computer or to the internet, you may apply by faxing a
copy of your resume to 410-260-4090 or mailing to State Treasurer’s Office,
Attention Human Resources, 80 Calvert Street, Room 109, Annapolis, MD 21401. Electronic application is strongly encouraged.
As an equal
opportunity employer, Maryland is committed to recruiting, retaining and
promoting employees who are reflective of the State’s diversity.
TTY Users: call via Maryland Relay @
711.