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Deputy Director of Insurance Program Manager Senior I
Location:
Annapolis, MD
Description:
State Finance and Procurement Article 86-222 governs the investment of the State’s expended 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.The State Treasurer’s Office Investment Division is a three-person unit responsible for carrying out this policy by1) 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, and3) 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 cash projections confirming REPO trades are collateralize 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 Minimum Qualifications (Required): 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. Notes: 1. Possession of a certificate as a Certified Public Accountant may be substituted for two years of the required experience.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. Selective Qualifications (Required): Two of the five years of experience stated above must be specifically in an investment environment involving fixed income investment trades. Desired 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 : Candidates must be willing to work in the Annapolis area. Special Requirements: All candidates will be subject to a background investigation including criminal and credit history. recblid x6wiucyn1bwj6zu60mexixsc42ccwd
Company:
MD State Treasurer's Office
Industry:
Accounting & Finance
Posted:
January 1 on Recruitology
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More About this Listing: Deputy Director of Insurance Program Manager Senior I
Deputy Director of Insurance Program Manager Senior I is a Executive Program Manager Job at MD State Treasurer's Office located in Annapolis MD. Find other listings like Deputy Director of Insurance Program Manager Senior I by searching Oodle for Executive Program Manager Jobs.
Deputy Director of Insurance Program Manager Senior I is a Executive Program Manager Job at MD State Treasurer's Office located in Annapolis MD. Find other listings like Deputy Director of Insurance Program Manager Senior I by searching Oodle for Executive Program Manager Jobs.