TREASURY SPECIALIST V
|Date Opened||2/16/2020 4:15:00 PM|
|Filing Deadline||3/1/2020 11:59:00 PM|
|Salary||$46,942.00 - $74,933.00/year|
|HR Analyst||Michele Reid|
THIS IS A POSITION SPECIFIC RECRUITMENT
The resulting eligibility list will be used to staff this position/function only.
Interested persons need to reapply for any future recruitment for this classification.
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 passive investment strategy, in a 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, and directs the short-term and long-term investments of a number of trustee accounts under State agency revenue bond indentures.
LOCATION OF POSITION
The State Treasurer’s Office Investment Division is a three-person unit responsible for carrying out the State's investment policy by 1) validating and monitoring the State’s daily cash position, 2) prudently and effectively investing the cash balances that are temporarily idle between the time State revenue is collected and the time State budgeted amounts are disbursed, and 3) documenting and reporting on all investment activity in compliance with policy and law.
This position assists the Deputy Director of Investments 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 bank, the State’s daily cash balance
· investing non-committed cash, under the direction of the Deputy Director
· soliciting rate quotes from authorized brokers for repurchase agreements (REPOs);
· 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 Deputy Director with
· confirming REPO 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 in an investment environment involving fixed income investment trades.
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.
- Knowledge of government securities investing
- Knowledge of cash management principles and practices
- Ability to analyze basic economic and financial market trends and make rudimentary investment recommendations in relation to financial goals
- Experience working in SunGard, Bloomberg, or other relatable investment software
- Advanced skill in MS Excel, including formulas, reconciling tools, tables & graphs, etc.
- Skill in attention to detail
LIMITATIONS ON SELECTION
BARGAINING UNIT STATUS
Candidates should submit a resume with their application.
General questions may be directed to the 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 electing a position for which to apply, choosing "I am a new user" at the bottom, then keying in the necessary fields. If you do not hav access to a computer, you may apply by faxing a copy of your resume to 410-260-4090 or emailing to firstname.lastname@example.org. 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