Managing Director - Investment Accounting and Portfolio Administration & Operations

Baltimore, Maryland (US)
Up to $131,422 annually plus benefits
Aug 27, 2020
Sep 26, 2020
Industry Sector
Asset Owner, Government
Employment Type
Full Time

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,

The Agency is seeking a committed professional to serve as Managing Director in the Investment Accounting and Portfolio Administration & Operations unit of the Investment Division.  The Managing Director reports directly to the Chief Investment Officer, and will be an active member of the senior management team as well as responsible for supervising a team of six professionals.

This is a Management Service position that is key to enabling a mission-driven team of investment professionals. The investment division is a team of results-focused, creative problem solvers who work together with the Board of Trustees, consultants and asset managers to provide a secure base of assets to pay the current and future benefits for the underlying 400,000 members, retirees and beneficiaries.

Responsibilities of the Managing Director of Investment Accounting and Portfolio Administration & Operations will include the preparation of financial statements for inclusion in the System's Comprehensive Annual Financial report based on GASB standards; as well as the monthly closing of accounting books; and the ongoing management of the custodial bank contract and relationship.

This position will provide critical oversight of investment operations activity including trade settlement, position reconciliation, and cash flow processing. The perfect candidate will have skill sets including an attention to detail for the review and reconciliation of management fees.

The candidate should have prior experience with managing, mentoring, recruiting and evaluating a talented team of accountants and operations experts.

In addition, the candidate should expect to collaborate with other members of the senior management team to make recommendations to the Chief Investment Officer for the effective management of the Division.

A committed, and thoughtful individual will lead the Investment Accounting and Portfolio Administration & Operations team to ensure prudent, accurate, and efficient administration of the System’s investment program.  

Responsibilities include, but are not limited to:

1. Preparation of financial statements and reports

2. Manage the relationship with the System’s custodian

3. Interpret and implement relevant GASB standards

4. Review account statements and verify investment management fees

5. Reconciliation of monthly cash flows

6. Processing and reconciliation of internal securities trades

7. Managing research related to securities litigation.

8. Participating on procurement evaluation committees

9. Managing special projects and other duties as assigned