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PROGRAM MANAGER IV

(Director – Investment Administration & Accounting)

Recruitment #23-005479-0046

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Introduction

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, covering approximately 400,000 members, retirees and beneficiaries.

The Agency is seeking a professional to serve as Director in the Administration & Accounting unit of the Investment Division.  The Director reports directly to the Deputy Chief Investment Officer and will be responsible for supervising and leading a team of three investment accounting professionals.

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

GRADE

22

LOCATION OF POSITION

120 East Baltimore Street
Baltimore, Maryland 21202

Main Purpose of Job

Responsibilities will include the preparation of financial statements for inclusion in the System’s Annual Comprehensive Financial Report based on GASB standards; interaction with the System’s custodial bank to resolve issues, reconcile investment accounts and close the monthly accounting books; calculate, reconcile and report manager fees.

POSITION DUTIES

The incumbent will lead the Investment Accounting team to ensure prudent, accurate, and efficient accounting of the System’s investment program. Responsibilities include, but are not limited to:

1. Preparation of monthly financial statements and reports; 
2. Reconciliation of monthly cash flows;
3. Review account statements and verify investment management fees; 
4. Project management and other duties as assigned; 
5. Interact with the System’s custodian to resolve issues; 
6. Participate on procurement evaluation committees; 
7. Interpret and implement relevant GASB standards; 
8. Perform various monthly reconciliation and closing processes; 
9. Annual reconciliation of general ledger accounts and preparation of reports to include in the System’s Annual Comprehensive Financial Report; 
10. Interact with both internal and external auditors; 
11. Calculation of annual carried interest and preparation of report; and
12. Federal Reserve filing, Census Bureau reporting, various tax matters. 

MINIMUM QUALIFICATIONS

Education:
  • Graduation from an accredited four-year college or university with a bachelor’s degree
  • Five years of relevant experience in investments or finance with a focus on accounting    
Note: 
Possession of a certificate as a Certified Public Accountant or a master’s degree in accounting from an accredited college or university may be substituted for one year of the required general accounting experience.   

DESIRED OR PREFERRED QUALIFICATIONS

Preferred Qualifications:

  •  Institutional multi-asset investment accounting experience is highly preferred
  •  Experience with accounting reconciliations and journal entries for general ledgers 
  •  Experience in alternative investment accounting and financial statements 
  •  Relevant experience with internal and external audits 
  •  Experience with standards associated with Governmental Accounting Standards Board (GASB) and Financial   Accounting Standards Board (FASB) 
  •  Bachelor’s degree in Accounting, Finance, Economics, Mathematics or similar technical field 
  •  Master’s degree in Business Administration, Finance or a CPA 
  •  Experience with foreign and state withholding tax regimes 
  •  Experience with implementing automated processes with advanced Microsoft Office skills (Excel, VBA,   Macros, Power BI and Microsoft Access Database/SGL) 
  •  Management experience leading a team of investment accountants 
  •  Experience in creating policies and procedures relating to enhancing workflows

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.

BENEFITS

FURTHER INSTRUCTIONS

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
     Baltimore, MD 21201 

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 410-767-6352. 

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 to apply.  

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



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