Connecticut StateDepartment of Administrative Services

Investment Technician (Unclassified)

Recruitment #220628-5052AR-001

Introduction

The Office of the State Treasurer exists to provide and ensure effective financial management of public resources, high standards of professionalism and integrity, and expanding opportunity for State of Connecticut residents and businesses.

We are recruiting for a full-time Investment Technician (Unclassified) position in the Pension Funds Management Division.  In the Office of the State Treasurer, this class is accountable for independently performing a full range of tasks in administering specific investment programs, as well as clearing, accounting and reporting all securities transactions in the investment areas.  In addition, this role will:

  • Perform Month End Accounting Closing Process including posting appropriate General Ledger Journal Entries, Accruals, Receivables, Impairments and prepare necessary financial statements.
  • Complete Investment Manager Reconciliation for each of the investment manager accounts.  Review, calculate and approve vendor invoices for payment.  
  • Ensure accuracy of Market Values, Pricing, Share positions and Cost of securities within the investment portfolios.  
  • Correctly report general expenses associated with investment operations and complete investment activity report for respective Plans, Trusts and Asset Classes.  
  • Act as an intermediary between master custodian and an investment manager to resolve trading and position discrepancies.

NOTE:  This unclassified position works 40 hours per week, Monday - Friday, and is appointed in accordance with Section 3-13a of the Connecticut General Statutes.  

The Division:

The Pension Funds Management Division assists the State Treasurer, as principal fiduciary, in the administration of the $38 billion Connecticut Retirement Plans and Trust Funds (CRPTF). The CRPTF consists of six State Pension Funds and nine State Trust Funds.  The funds are invested in a diversity of asset classes and exist to sustain 212,000 teachers, state and municipal employees, retirees and survivorships, as well as trust funds that support academic programs, grants and initiatives throughout the state.

OTT offers an excellent salary and competitive benefits plan that includes healthcare coverage, a retirement plan, as well as, paid time off! 

Watch the video below to see how you can make an ImpaCT by becoming a State of CT employee:

Selection Plan

State employees currently holding the above title or those who have previously attained permanent status in the class may apply for a lateral transfer.  Candidates who have been selected for employment with the Office of the State Treasurer are subject to a detailed background investigation, including a fingerprint supported state and federal criminal history record check along with reference checks. Selection for employment is contingent upon satisfactory completion of the background investigation.

In order to comply with Public Act 21-69, the State of Connecticut is no longer asking for resumes during the initial application process.  Please ensure that your application is complete prior to submitting.  NOTE: At any point during the recruitment process, applicants may be required to submit additional documentation which support their qualification(s) for this position. These documents may include: a cover letter, resume, performance reviews, supervisory references, attendance records, etc., at the discretion of the hiring agency. Should you have questions pertaining to any phase of this recruitment, please contact Johnette Tolliver, johnette.tolliver@ct.gov, 860-702-3005.

This posting may require completion of additional referral questions (RQ’s) which will be sent to you via email after the closing date. Please regularly check your email for notifications, including your SPAM/JUNK folders. You must reply by the deadline indicated on the notification or you will be automatically disqualified from consideration.

Interviews will be limited to candidates whose experience and training most closely meet the requirements and preferred qualifications of the position.

All application materials must be received by the recruiting agency by the time specified on the job opening for the position for which you are applying. Late applications may not be submitted and will not be considered. Exceptions are rare and limited to documented events that incapacitate a candidate during the entire duration of the job posting time period.  It is the candidate’s obligation and responsibility to request an exception and provide a legally recognized justification to accommodate such exception.  Requests should be made to johnette.tolliver@ct.gov.

PURPOSE OF JOB CLASS (NATURE OF WORK)

In the Office of the State Treasurer, this class is accountable for independently performing a full range of tasks in administering specific investment programs and clearing, accounting and reporting all securities transactions in the investment areas.

EXAMPLES OF DUTIES

Implements operating procedures designed to maximize staff efficiency in clearing, recording and accounting of all security transactions for all investment functions managed by State Treasurer; maintains appropriate internal control procedures; works with brokers and bank custodians in clearing security transactions for all investment funds; maintains records of brokerage affiliates; reviews quarterly interest reports furnished by bank and distributes quarterly income payments to participating municipalities and state agencies; prepares reports on investment performance and management of monies of department; may review work of staff to ensure accurate and timely handling of daily investment transactions; may prepare reports required by regulatory agencies; performs related duties as required.

KNOWLEDGE, SKILL AND ABILITY

Considerable knowledge of broad practices of investment procedures to include mutual funds, short term bond instruments and student loan programs; considerable knowledge of investment terminology; knowledge of effective training techniques; some knowledge of basic accounting principles and practices interpersonal skills; oral and written communication skills; considerable ability to prepare graphs, charts and related statistical diagrams; ability to utilize computer software;.

MINIMUM QUALIFICATIONS - GENERAL EXPERIENCE

Five (5) years of technical experience in a financial organization involving the purchase, recording and sale of investment securities.

MINIMUM QUALIFICATIONS - SUBSTITUTIONS ALLOWED

College training in business administration, economics, finance, accounting or closely related field may be substituted for the General Experience on the basis of fifteen (15) semester hours equalling one-half (1/2) year of experience to a maximum of two (2) years.

PREFERRED QUALIFICATIONS

  • Strong organizational ability with the ability to prioritize tasks (in conjunction with the supervisor) and keep multiple work streams moving concurrently
  • Ability to work independently. 
  • Ability to problem solve and identify possible solutions. 
  • Strong attention to detail.
  • Experience with multiple investment product types (equities, fixed income, derivatives) and associated accounting treatment with exposure to private equity/real estate a plus.
  • Experience with investment valuation accounting standards. 
  • Experience with proper internal controls for investment transactions.
  • Experience with accounting function and proper controls.
  • Experience with pension plans and their activities.  
  • A BA/BS degree in Accounting and progressing toward or planning to obtain a professional designation (e.g., CPA), and with Accounting and Operations experience coming from another pension plan/endowment, fund administrator or financial services organization or someone with a background in public accounting.   
  • Proven proficiency in Microsoft Word, Microsoft Excel and other MS Office software. 
  • Considerable experience with Investment Accounting and Investment Operations is strongly desired.

Conclusion

AN AFFIRMATIVE ACTION/EQUAL OPPORTUNITY EMPLOYER

The State of Connecticut is an equal opportunity/affirmative action employer and strongly encourages the applications of women, minorities, and persons with disabilities.







The State of Connecticut is an Affirmative Action/Equal Opportunity Employer and strongly encourages the application of women, minorities and persons with disabilities.