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Investment Administration Division

Recruitment #21-004550-0001


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 200,000 active members and more than 150,000 retirees and beneficiaries.

The Agency is seeking a committed professional to serve as Accountant Lead Specialized in the Accounting and Operations unit of the Investment Division. The Accountant Lead Specialized position reports directly to the Investment Accounting Director and will be an active member of the Investment Accounting Unit team.

This is a position that is key to enabling a mission driven team of investment accounting professionals. The investment division team is both results driven and creative problem solvers who work together to provide a secure base of assets to pay the current and future benefits for the underlying 350,000 retirees and beneficiaries.

This position has been approved for a 6% salary increase effective July 1, 2021. The salary range demonstrated above does not reflect that increase. Candidates starting prior to July 1 will automatically receive the pay increase on that date. 




Maryland State Retirement Agency

120 E. Baltimore Street

Baltimore, MD  21202

Main Purpose of Job

This position functions as an Accountant Lead Specialized in the Investment Accounting Unit, under the direction of the Investment Accounting Director, formulating, prescribing, evaluating and performing alternative methods for verifying the collection and proper recordation of the investment income and expense generated annually by the State Retirement Agency's diversified, global investment Portfolio. Part of the Agency's mission is to ensure that sufficient assets are available to fund retirement benefits. this position is crucial to ensuring these assets are properly accounted for and reported.


The specific duties include but are not limited to:

·         Perform investment accounting for month end closing, which requires the verification and allocation of income and expenses to the Retirement Agency's participating governmental Units;

·         Prepare bank reconciliations and various monthly financial statements;

·         Verify daily collateralization percentages for securities on loan;

·         Verify, track and create management fee and profit-sharing reports, which includes the review of Annual Financial Reports - some with currency conversions; and

·         Prepare year-end reports for the Agency's Comprehensive Annual Financial Report.


Education: A Bachelor's degree in Accounting from an accredited college or university, including or supplemented by three credit hours in auditing.

Experience: Four years of experience examining, analyzing and interpreting accounting systems, records and reports by applying generally accepted accounting principles to include two years performing advanced duties in the areas of cost accounting, systems accounting, federal fund accounting, or bond and loan accounting.


1. Candidates may substitute a Bachelor’s degree from an accredited college or university with thirty credit hours in Accounting and related courses, including or supplemented by three credit hours in auditing for the required education.

2. Applicants who have met the requirements for admission to the CPA examination prior to July 1, 1974 will be considered to have met the educational requirement referenced above.

3. Possession of a certificate as a Certified Public Accountant or a Master's degree in accounting from an accredited college or university may be substituted for one year of the required general accounting experience.

4. Applicants may substitute one year of professional auditing experience for one year of the required general accounting experience.

5. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the Accounting field of work on a year-for-year basis for the required experience and education.


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 performing investment accounting for month end closing

Experience preparing bank reconciliations and various monthly financial statements

Experience in verifying daily collateralization percentages for securities on loan

Experience verifying, tracking, and creating management fee and profit-sharing reports, to include the review of Annual Financial Reports, some with currency conversions

Experience preparing year-end reports for a Comprehensive Annual Financial Report

Experience applying Governmental Accounting Standard Board (GASB) and Financial Accounting Standards Board (FASB) guidelines.

Experience with internal and external audits

Experience with accounting reconciliations and journal entries for general ledgers

Experience developing policies and procedures

Experience in alternative investment accounting and financial statements

Experience with foreign and state withholding tax regimes

Experience with implementing automated processes with advanced Microsoft Office skills (Excel, VBA, Macros, Power BI and Microsoft Access Database/SQL)


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


Please make sure that you provide enough 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. 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.



Online applications are highly recommended. However, if you are unable to apply online, contact S. Hudson (contact information found below).

For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Or call S.Hudson at 410-767-4910.  

Emailed inquiries should reference recruitment number listed in the announcement.

Resumes will NOT be accepted in lieu of completing the State application.   

MD TTY Relay Service 1-800-735-2258.

For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service needs to be provided before hire. 

We thank our Veterans for their service to our country and encourage them to apply. People with disabilities and bilingual candidates are also encouraged to apply.  As an equal opportunity employer, Maryland is committed to recruiting, retaining, and promoting employees who are reflective of the State's diversity.

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.