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PROGRAM MANAGER SENIOR IV

Senior Portfolio Manager - Private Equity

Recruitment #18-005485-0005

Introduction

The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System.  The System is a multi-employer, public employees’ benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components, covering approximately 245,000 active members and more than 160,000 retires and beneficiaries.

The Agency is seeking a Private Equity investment professional to serve as Senior Portfolio Manager in its Investment Division.  The Senior Portfolio Manager reports directly to the Managing Director, Private Equity, who is responsible for the Private Equity Portfolio. Under the direction of the Managing Director, the Senior Portfolio Manager will assist in the sourcing, evaluating, recommending, and monitoring of investments in the Private Equity portfolio. This individual will work collaboratively with the Managing Director to support the overall investment program.  This position will require significant travel which will likely include international travel.  

This is a Management Service position and serves at the pleasure of the Appointing Authority.

GRADE

26

LOCATION OF POSITION

120 East Baltimore Street

Baltimore, Maryland 21202

Main Purpose of Job

* Leads the monitoring and due diligence efforts of one or more asset classes.

* Actively sources investment opportunities and leads the due diligence and investment recommendation process.

* Actively participates in the internal management initiative.

* Leads quantitative modeling research projects.

* Responsible for market analysis within assigned asset class for the purpose of recommending tactical positioning in an effort to add value over benchmark.

POSITION DUTIES

The Senior Portfolio Manager will perform regular reviews and evaluations of managers, and participate in meetings with prospective managers; assist with due diligence on new investments; assist in the process of reviewing and negotiating fund documentation; work collaboratively with the operations and legal teams in the initiation and maintenance of accounts; conduct research on investment ideas; track and model investment performance and exposures; assist the Managing Director in preparing presentation materials for Investment Committee and staff meetings; manage consultant relationships; assist in the development of analysts, associates, and interns; assist in the maintenance of records related to investments; and participate in other projects and duties as assigned.

MINIMUM QUALIFICATIONS

Education:  Possession of a bachelor’s degree from an accredited four year college in Math, Science, Economics, Finance, Accounting, Business Administration, Public Administration, or similar fields of study.

Experience:  Five years of professional investment experience in evaluating and recommending private market investments.

DESIRED OR PREFERRED QUALIFICATIONS

*  Preference will be given to candidates with a CFA and/or CAIA designation and/or a graduate degree in Math, Science, Economics, Finance, Business Administration, Public Administration or similar field of study. 

*  Preference will be given to candidates with at least seven years of professional investment experience evaluating buyout, growth and venture capital general partners.

*  Experience evaluating direct co-investment opportunities is also preferred.

SELECTION PROCESS

Please make sure that you provide sufficient information on your application to show that you meet the minimum for this recruitment.  All information concerning your qualifications must be submitted by the closing date.  We will not consider information submitted after this date. 

Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year.  This list will be used by the hiring agency to select employees.

For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must accompany the application.

Due to the confidential nature of the work, selected candidates must undergo and pass a background check.

EXAMINATION PROCESS

The examination will consist of a rating of your education, training, and experience as presented on your application and as they relate to the requirements of the position.  You may be asked to complete a supplemental questionnaire.  The supplemental questionnaire may be used as part of the rating process.  Therefore, it is important that you provide complete and accurate information on your application.  

BENEFITS

FURTHER INSTRUCTIONS

The online application process is STRONGLY preferred. If you are unable to apply online, you may mail a paper application to:  

     DBM - Recruitment & Examination 

     301 West Preston Street, Room 608

     Baltimore, MD 21201

Please include a cover letter and resume.  All mailed documents must include the applicant's name and the job number and must be received by the closing date.   Resumes will NOT be accepted in lieu of completing the application.

If you have any questions concerning the recruitment process for this position, please call 410-767-6352.

TTY  Users: call via Maryland Relay

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.  People with disabilities and bilingual candidates are encouraged to apply. 

We thank our Veterans for their service to our country, and encourage them to apply.



Click on a link below to apply for this position:

Fill out the Supplemental Questionnaire and Application NOW using the Internet. Apply Online
View and print the Supplemental Questionnaire. This recruitment requires completion of a supplemental questionnaire. You may view and print the supplemental questionnaire here.
Apply via Paper Application. You may also download and complete the Paper Application here.