Investment Associate MSRP

The Maryland State Retirement Agency (the "Agency") is the administrator of the Maryland State Retirement and Pension System (the "System"). The System is a multi-employer, public employees' defined benefit retirement system composed of twelve (12) separate retirement and pension systems with additional plan components, covering approximately 245,000 active members and more than 160,000 retirees and beneficiaries.

The Agency's Investment team is both results driven and creative problem solvers who work

together to manage a global multi-asset portfolio and to provide a secure base of assets to pay the current and future benefits for the underlying retirees and beneficiaries. The Investment Division is committed to providing an interesting and challenging work environment that will give the investment team a complete understanding of the institutional investment process and to provide a diverse and inclusive workplace that embraces both analytical and creative thinkers.

The Agency is seeking an exceptional individual who is a creative problem solver, who is also well organized, detail-oriented, values learning, and is a self-starter to serve as an Investment Associate within its Investment Division. The successful candidate will be proficient with standard office software and comfortable learning new systems. This position will work in a collaborative environment supporting private market investment teams responsible for Private Equity; Private Real Assets including Real Estate; and Absolute Return. The Investment Associate will initially report to a Senior Portfolio Manager in private markets.

    This is a Special Appointment position and serves at the pleasure of the Appointing Authority.

MSRP 0006

120 E. Baltimore Street

The Investment Associate of Private Markets will be responsible for supporting the teams responsible for investments in Private Equity, Venture Capital, Private Credit, Real Estate, Infrastructure, Natural Resources and Hedge Funds.

Responsibilities include but are not limited to:

• Provide analytical support to the investment teams to assist with the due diligence process for investing with new  managers and products.

• Provide analytical support to the investment teams to assist with the ongoing evaluation and monitoring of    existing investments.

• Assist with the workflow around capital calls and distributions as well as monthly and quarterly performance reporting from external managers.

• Ensure that all investment activity is accurately reflected in the internal systems and is reconciled with the custodian.

• Effectively utilize existing systems to monitor and report on investments and to track workflow. Look for opportunities to improve the Agency’s utilization of existing systems and opportunities to further automate reporting and monitoring of investments.

• Help with the coordination of activity between investment staff and the operations and legal functions.

Education:

Graduated from an accredited four-year college or university with a bachelor’s degree before starting the position.

Applicants can substitute a minimum of three years of relevant experience in private market investments for the required education qualification.

Other:  Must have interest in and knowledge of private market investing.

The candidate should have some of the experiences listed below to achieve success with the position’s responsibilities. It is desirable that this individual has knowledge and experience with:

·     Academic background in Information Systems, Computer Science/Programming, Business Administration, Finance, Economics, Statistics, Mathematics, or other related disciplines.

·     Desirable software skills: Python, Microsoft Excel plus VBA, Access

·     Strong financial modeling skills with a focus on modeling private investments

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. 

 

 

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.

STATE OF MARYLAND BENEFITS

Online applications are highly recommended. However, if you are unable to apply online, the paper application and supplemental questionnaire may be submitted to: Department of Budget and Management, Recruitment and Examination Division, 301 W. Preston St., 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.

For education obtained outside the U.S., a copy of the equivalent American education as determined by a foreign credential evaluation service must be provided prior to hire.