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ADMINISTRATOR II

Investment Division, Administration & Operations Unit

Recruitment #22-006095-0008

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Introduction

The Maryland State Retirement Agency (the "Agency") is the administrator of the Maryland State Retirement and Pension System (the "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's Investment team is both results driven and creative problem solvers who work together to manage a global multi-asset portfolio and to provide a secure base of assets to pay the current and future benefits for the underlying retirees and beneficiaries. The Investment Division is committed to providing a comprehensive work environment that will give the investment team members a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and creative thinkers. 

The Agency is seeking an exceptional individual who is well organized, motivated and detail oriented to serve as an Assistant Director, Investment Administration within its Investment Division. The Assistant Director reports directly to the Director of Investment Administration. 

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

GRADE

17

LOCATION OF POSITION

120 East Baltimore Street
Baltimore, Maryland 21202

Main Purpose of Job

The main role of this position is to work with the Director of Investment Administration on the Agency’s cash management, internal trading workflow, and operational workflows. When needed, the individual will assist the Managing Director of Accounting/Operations.

POSITION DUTIES

The specific duties include but are not limited to:

INVESTMENT ADMINISTRATION: This individual will assist the Director of Investment Administration to coordinate with external investment managers in the preparation of the quarterly and annual brokerage commission report required by statute for the Investment Committee and Board of Trustees as well as for inclusion in the Agency’s Annual Comprehensive Financial Report (ACFR).

INVESTMENT OPERATIONS:  On a daily basis, this selected individual will: 
* coordinate the workflow around the System’s Internal Trading program, including arranging for trade settlements, cash transfers and wire instruction authorization with external brokers and the custodian;
*  assist with the System’s daily cash management process, working closely with the custodian bank, the System’s cash reserve bank, other units within the Agency and internal investment management to ensure adequate cash is available to cover expenses, benefit needs, and margin and collateral requirements;
*  advise management on future cash needs;
*  assist with asset and manager transitions, and the on-boarding of process of new funds.    

CORPORATE GOVERNANCE: Provides the Agency’s Attorney General’s office with research for the reporting and filing of potential losses related to security Class Action litigations.

MINIMUM QUALIFICATIONS

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

Experience: 
Relevant experience in accounting, administrative or professional work in accounting/finance, investment operations, or developing/adhering to accounting-related policies and procedures.

DESIRED OR PREFERRED QUALIFICATIONS

The candidate will have some of the experiences listed below to achieve success with the position’s responsibilities. It is desirable that this individual has knowledge and experience with:

* Bloomberg AIM 
* Accounting reconciliations 
* Developing departmental plans and procedures 
* Proficient level in Microsoft Excel and Word

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 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.

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 Division  
301 West Preston Street, Room 608  
Baltimore, MD 21201 

For questions regarding this recruitment, please contact the DBM Recruitment and Examination Division at Application.Help@maryland.gov or 410-767-4850, MD TTY Relay Service 1-800-735-2258. 

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State's diversity. Appropriate accommodations for individuals with disabilities are available upon request by calling 410-767-3623.

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

Bilingual applicants are encouraged to apply.



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