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Investment Specialist

Recruitment #21-002747-0001


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.




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.


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


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.


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


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.



§  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


Candidates must be willing to work in the Annapolis area


Please make sure that you provide sufficient information on your application to show that you meet the 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 eligible (employment) list for at least one year.


The assessment may consist of a rating of your education, training, and experience related to the requirements of the position.  You may be required to complete a qualifications supplement.  It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.




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: 



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.

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