TREASURY SPECIALIST IV

The constitutional and statutory provisions relating to the Office of the State Treasurer can be found in Articles I, III, V, VI, and XII of the Maryland Constitution; Title 5 of the State Government Article; and Titles 2 and 6-9 of the State Finance and Procurement Article. 

The primary mission of the State Treasurer’s Office (STO) Banking Services Division is to manage and control banking relationships for all banking needs for State of Maryland government.  As the liaison between the State and participating bank vendors, the department’s goal is to manage State agency banking needs and respond timely to State agency requests for banking services.  Its principal function is to accurately and timely record and reconcile State funds moving in and out of contracted bank accounts to the State’s internal accounting system.

The Banking Services Division is a cohesive, dedicated group of professionals who enjoy the behind-the-scenes environment of back-office banking operations. Ideal candidates should be strong in customer service etiquette, research and analysis, and attention to detail.   While each State agency performs its own agency reconciliation and accounting work, the STO Banking Services department, in contrast, is responsible for pulling all state banking activity together and reconciling the Statewide master depository and disbursement bank accounts against the State’s main general ledger.   Each position in the STO Banking Services department plays a specific and unique role that, when combined, determines the State’s daily cash balance.  In addition, Banking Services assists with agency-specific depository and disbursement bank account issues regarding opening accounts, vendor payment issues, payroll and income tax refunds processing errors; lockbox services; merchant account services (credit and debit card receipts); agency working fund, trust and escrow accounts; stop payments, cancellations and check re-issuance; processing drawdown of funds from federal programs and grants; initiating FedWire payments; processing all State bank adjustments; managing the State’s “unpresented and undeliverable” check funds; collateralization compliance; research; and other agency banking needs.

Education:   A Bachelor’s degree from an accredited college or university including or supplemented by at least 18 credit hours in accounting, business administration or equivalent subject.

Experience: Four years of employment in responsible public administration, business administration, office management and/or accounting or auditing, one year must have been in work concerning accounting, investment securities, insurance investment, insurance company home office offering property and casualty experience.

                                                                                       OR

Education:  Graduation from an accredited high school or possession of a high school equivalency certificate, including or supplemented by 18 credited hours in business administration, accounting, or equivalent subject from an accredited college or university.

Experience: Eight years of experience in responsible public administration, business administration, and/or accounting or auditing.  At least one year of the experience must have been in work concerning accounting, investment securities, insurance investment, insurance underwriting, or in an insurance company home office offering property and casualty experience.

Note: 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.

Applicants must meet the selective qualification(s) to be considered. Include clear and specific information on your application regarding your qualifications.

Two years of the required experience must be in a banking operations and/or corporate accounting environment reconciling various in-house and client accounts to a general ledger, analyzing reports & financial trends, or similar banking financial management experience.

Preference will be given to applicants who possess the following preferred qualification(s). Include clear and specific information on your application regarding your qualifications.

• Experience working in back office commercial banking operations
• Experience with complex bank account deposit reconciliations involving multiple deposit locations
• Experience with complex bank account disbursement reconciliations involving high volumes of checks and ACH payments
• Experience researching and reconciling bank adjustments
• Experience handling bank-initiated chargebacks/adjustments
• Experience with BAI codes
• Experience analyzing commercial bank statements and with structured pricing
• Advanced skills in Excel (e.g., complex formulas, linked spreadsheets, H- & V-Lookup, pivot tables, exporting data, CSV files, parsing data, macros)

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 that includes a death benefit for members)

· Tax-deferred supplemental retirement savings plans (401(k) and 457)

· Free parking

To learn more, click here:   STATE OF MARYLAND BENEFITS                                                                                                                                                                                                                                                                                                         

The State Treasurer's Office also offers a hybrid telework environment for eligible employees after 90 days of employment.

All job opportunities within the Maryland State Treasurer’s Office are accessible through JobAps, the Statewide Recruitment, Examination and Applicant tracking system.  Electronic application is strongly preferred; however, if you do not have access to a computer, you may send a copy of your resume to the State Treasurer's Office, Human Resources, 80 Calvert Street, Room 109, Annapolis MD 21401, or fax to 410-260-4090. 

Please upload a current copy of your resume with your application.

Any questions regarding this recruitment or the recruitment process may be directed to the STO Human Resources Office at 410-260-7078. 

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