Investment Accounting and Portfolio Administration &
Department Maryland State Retirement and Pension Systems
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
This is a Management Service position and it serves at the
pleasure of the Appointing Authority.
LOCATION OF POSITION Baltimore, Maryland 21202
POSITION DUTIES 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
A committed, and thoughtful individual will lead the Investment
Accounting and Portfolio Administration & Operations team to ensure
prudent, accurate, and efficient administration of the System’s
investment program. Responsibilities include, but are not limited
to: Preparation of financial statements and reports
Manage the relationship with the System’s custodian
Interpret and implement relevant GASB standards
Review account statements and verify investment management
Reconciliation of monthly cash flows
Processing and reconciliation of internal securities trades
Managing research related to securities litigation.
Participating on procurement evaluation committees
Managing special projects and other duties as assigned.
MINIMUM QUALIFICATIONS Education : Graduation from an
accredited four-year college or university with a bachelor’s
Experience : Relevant experience in investments or
finance with a focus on accounting, operations, or
DESIRED OR PREFERRED QUALIFICATIONS Preference will be given to
applicants who possess the following preferred
qualification(s). Include clear and specific information on
your application regarding your qualifications. A
productive and successful candidate will have some if not all of
the experiences listed below to be able to manage the ongoing
activities in this very busy unit. 1. Institutional
multi-asset investment accounting and operations experience
2. Experience in the financial services industry 3.
Demonstrated experience in a plan sponsor environment 4.
Knowledge of Governmental Accounting Standards Board
standards 5. Bachelor’s degree in Accounting, Finance,
Economics, Mathematics or similar technical field 6.
Supervisory experience of one or more individuals 7. Master’s
degree in Business Administration, Finance or a CPA
SELECTION PROCESS 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.
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.
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
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
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: