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Sr. Portfolio Manager II MSRP

Investment Division

Recruitment #23-005041-0001

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Introduction

The Maryland State Retirement and Pension System (System) administers survivor, disability and retirement benefits on behalf of almost 414,000 members.  These include active and former State employees, teachers, State police, judges and law enforcement. Our mission is to ensure that sufficient assets are available to fund the benefits when due, and to provide a fully-funded retirement system that is affordable to all participating employers and provides guaranteed adequate disability, survivor and retirement benefits to our members.

Investment Division
The Investment Division is a 47-member team within the System that is responsible for implementing and managing the defined benefit investment program.  The team manages investments internally and partners with external firms to manage a globally diversified portfolio that includes public equity, fixed income, credit, absolute return, real assets and private equity.  Total plan assets were $64.4 billion as of 3/31/23. 

Why you’ll love working here 
• Collegial, team-based atmosphere 
• Hybrid working environment 
• Opportunities for growth and career development 
• Interesting and meaningful work 

How you’ll succeed 
• Team player 
• Strong analytical and critical thinking skills 
• Passion for quantitative and qualitative analysis 
• Strong written and verbal communication skills 
• Ability to build relationships 
• High degree of intellectual curiosity 
• Strong interest in a results-oriented investment environment

GRADE

MSRP 0012

LOCATION OF POSITION

120 East Baltimore Street, Baltimore, Maryland 21202

POSITION DUTIES

The Maryland State Retirement and Pension System is seeking an exceptional individual to serve as Senior Portfolio Manager in its Investment Division. The Senior Portfolio Manager reports directly to the Managing Director of Private Equity, who is responsible for managing the $13.7 billion Private Equity portfolio.

Essential Job Functions and Duties
1.   Work collaboratively with the Managing Director to support the overall investment program.
2.   Perform regular reviews and evaluations of private equity managers.
3.   Conduct due diligence on new investments.
4.   Participate in meetings with current and prospective managers.
5.   Assist in the sourcing and evaluation of co-investment opportunities.
6.   Participate in the process of reviewing and negotiating legal fund documentation.
7.   Work collaboratively with the operations team in the initiation and maintenance of accounts.
8.   Conduct research on investment ideas and themes.
9.   Track and model investment performance and exposures.
10. Prepare presentation materials for Investment Committee meetings.
11. Work effectively with asset class consultant.
12. Assist in the development of analysts, associates, and interns.
13. Participate in other projects and duties as assigned.
14. Serve on limited partner advisory committees.
15. This position will require significant travel which will likely include international travel.

MINIMUM QUALIFICATIONS

Education:  Bachelor’s degree from an accredited four-year college

Experience:  Seven years of professional investment experience, in evaluating and recommending private market investments.

DESIRED OR PREFERRED QUALIFICATIONS

Preferred Qualifications:  Preference will be given to candidates with a CFA and/or CAIA, FRM designation and a bachelor’s or advanced degree in Math, Science, Economics, Finance, Business Administration, Public Administration or similar field of study.  An additional five years of relevant experience will be considered in lieu of an advanced degree.  Experience evaluating venture capital general partners. Experience evaluating direct co-investment opportunities.

SELECTION PROCESS

Please make sure that you provide sufficient 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.

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

Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: 

DBM, Recruitment and Examination Division 

301 W. Preston St., Room 608

Baltimore, MD 21201. 

Paper application materials must be received in our office by the closing date for the recruitment. No postmarks will be accepted.

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.

We thank our Veterans for their service to our country.

People with disabilities and bilingual candidates are encouraged to apply.

As an equal opportunity employer, Maryland is committed to recruitment, retaining and promoting employees who are reflective of the State's diversity.




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