MANAGING DIRECTOR I MSRP

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.

The Agency is seeking a committed professional to serve as Managing Director in the Investment Accounting and Portfolio Administration & Operations unit of the Investment Division.  The Managing Director reports directly to the Chief Investment Officer, and will be an active member of the senior management team as well as responsible for supervising a team of six professionals.

This is a Management Service position that is key to enabling a mission-driven team of investment professionals. The investment division is a team of results-focused, creative problem solvers who work together with the Board of Trustees, consultants and asset managers to provide a secure base of assets to pay the current and future benefits for the underlying 400,000 members, retirees and beneficiaries.

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

120 East Baltimore Street

Baltimore, Maryland 21202

Responsibilities of the Managing Director of Investment Accounting and Portfolio Administration & Operations will include the preparation of financial statements for inclusion in the System's Comprehensive Annual Financial report based on GASB standards; as well as the monthly closing of accounting books; and the ongoing management of the custodial bank contract and relationship. This position will provide critical oversight of investment operations activity including trade settlement, position reconciliation, and cash flow processing. The perfect candidate will have skill sets including an attention to detail for the review and reconciliation of management fees. The candidate should have prior experience with managing, mentoring, recruiting and evaluating a talented team of accountants and operations experts. In addition, the candidate should expect to collaborate with other members of the senior management team to make recommendations to the Chief Investment Officer for the effective management of the Division.

Education: Graduation from an accredited four-year college or university with a bachelor’s degree

Experience: Relevant experience in investments or finance with a focus on accounting, operations, or administration

Please make sure that you provide sufficient information on your application to show that you meet the minimum qualifications 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.

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.  

STATE OF MARYLAND BENEFITS

The online application process is STRONGLY preferred.  If online access is not available, you may mail a paper application and supplemental questionnaire (by the closing date) to:     

DBM/Recruitment & Examination Division              

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 410-767-4850.

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.