State of Connecticut Executive Branch

Investment Technician (Unclassified) (5052AR)

$30.12-$38.45 Hourly / $2,409.35-$3,075.60 BiWeekly /
$62,884.00-$80,273.00 Yearly

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Office of the State Treasurer this class is accountable for independently performing a full range of tasks in administering specific investment programs and clearing, accounting and reporting all securities transactions in the investment areas.

SUPERVISION RECEIVED

Works under the general supervision of an Investment Officer, Debt Management Specialist or other employee of higher grade.

SUPERVISION EXERCISED

May lead clerical staff as assigned.

EXAMPLES OF DUTIES

  • Implements operating procedures designed to maximize staff efficiency in clearing, recording and accounting of all security transactions for all investment functions managed by state treasurer; 
  • Maintains appropriate internal control procedures; 
  • Works with brokers and bank custodians in clearing security transactions for all investment funds; 
  • Maintains records of brokerage affiliates; 
  • Reviews quarterly interest reports furnished by bank and distributes quarterly income payments to participating municipalities and state agencies; 
  • Prepares reports on investment performance and management of monies of department; 
  • May review work of staff to ensure accurate and timely handling of daily investment transactions; 
  • May prepare reports required by regulatory agencies; 
  • Performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

  • Considerable knowledge of
    • broad practices of investment procedures to include mutual funds, short term bond instruments and student loan programs; 
    • investment terminology; 
  • Knowledge of
    • effective training techniques; 
    • basic accounting principles and practices;
  • Skills
    • interpersonal skills; 
    • oral and written communication skills; 
  • Considerable ability to prepare graphs, charts and related statistical diagrams; 
  • Ability to utilize computer software.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Five (5) years of technical experience in a financial organization involving the purchase, recording and sale of investment securities.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

College training in business administration, economics, finance, accounting or a closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of two (2) years.

APPOINTMENT

Appointed by the treasurer in accordance with Section 3-13a of the Connecticut General Statutes.

JOB CLASS DESIGNATION

Unclassified

OCCUPATIONAL GROUP

(01)-Accounting/Auditing

BARGAINING UNIT

(16)-ADMIN & RESID (P-5)

EEO

(3)-Technician

SALARY INFORMATION

AR 18

ACKNOWLEDGEMENT

As defined by Sec. 5-196 of the Connecticut General Statutes, a job class is a position or group of positions that share general characteristics and are categorized under a single title for administrative purposes. As such, a job class is not meant to be all inclusive of every task and/or responsibility.

CANCELLATION CLAUSE

This replaces the existing specification for the class of Investment Technician (Unclassified) in Salary Group AR 18 approved effective September 13, 2023. (Revised to modernize format and add Acknowledgement section) Final No. 23-242

EFFECTIVE DATE

09/13/2023
CLASS: 5052AR; EST: 5/18/1979; REV: 10/12/2023;