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Investment Administrator (FISCAL SERVICES ADMINISTRATOR IV)

Salary

$89,913.00 - $145,151.00 Annually

Location

Baltimore City

Job Type

Full Time

Job Number

7211-mdta-08/2024

Department

Maryland Transportation Authority

Opening Date

08/07/2024

Closing Date

Continuous

• Description

• Benefits

Description

Open to All Qualified Candidates

EXECUTIVE SERVICE

This position serves at the pleasure of the Appointing Authority.

Open Until Filled

The Maryland Transportation Authority (MDTA) owns, operates, and maintains eight major toll facilities comprised of four bridges, two tunnels, and two turnpikes, across the State of Maryland. For over 50 years, the MDTA has provided Maryland's citizens and visitors with safe, secure, and convenient transportation facilities. We are committed to quality and excellence in customer service, and we rely on our organization's values, traditions, and our employees to achieve these goals.

Nature of Work: The MDTA is seeking an Investment Administrator with experience in institutional investment management of bond portfolios. The Investment Administrator will manage the approximately $1 billion investment portfolio within the constraints of the investment policy, board directives, and chosen benchmark indices. Duties for this position include the following:

• Duration targeted total return portfolio management for reserve accounts;

• Cash flow modeling for match funded capital accounts;

• Portfolio modeling, including comparisons of term structure, option adjusted duration, and convexity relative to benchmark bond indices;

• Trade execution, including senior management notification/justification, solicitation via trading platforms such as Bloomberg, bid/offer evaluation, option adjusted spread analysis, nominal spread analysis, relative value analysis, make-whole call analysis, trustee bank communications, trade settlement problem resolution;

• Total return performance calculations utilizing internal rate of return and incorporating external cash flows, market values, and accrued interest;

• Total return performance attribution analysis relative to benchmark indices;

• Board meeting reports and other state reporting requirements, including total return performance comparison tables, fiscal and monetary policy, economic/rate environment, relative value, dealer trade allocation, risk/return historical analysis, performance attribution explanations, and Investment Policy compliance;

• Contract management for analytical, trading, and investment accounting systems; and

• Interaction and collaborative work with the Treasury Unit staff on investment accounting and working capital management.

  The incumbent in this position will report directly to the Director of Treasury & Debt and work within the Finance Division. The current vacancy is located in Baltimore, MD. Hybrid telework schedules may be available for this position.

  MDTA employees are offered a generous benefits package including a minimum of 11 paid holidays, a minimum of 27* days of leave annually (personal, vacation, and sick), access to the State Pension System, deferred compensation plans, excellent health, dental, and vision plans, and more! *May be prorated based upon start date.

Qualifications

PREFERRED QUALIFICATIONS:

Education: Possession of a bachelor’s degree in finance, economics or a related field from an accredited college or university. Graduate Degree in finance or Chartered Financial Advisor is preferred, as well as active or inactive SEC licenses (e.g., Series 7 General Securities Registered Representative, Series 65 Uniform Investment Advisor).

Experience : Seven (7) years of investment industry experience. Three (3) years of this experience should include institutional bond portfolio management, incorporating total return measurement versus benchmark indices, securities trading, credit analysis, and relative value analysis.

The ideal candidate will possess:

• Experience with total return and duration targeted management of bond portfolios relative to benchmark indices

• Option adjusted duration management and relative value application

• Bloomberg and securities trading platform proficiency

• Strong analytical skills

• Credit analysis experience

• Presentation/communication skills, and the ability to communicate complex ideas to senior management

• Independent judgement, high level accuracy, and conservatism

• Experience with investment policy development and benchmark selections

  Please include all relevant experience on your application. This includes but is not limited to, full or part-time, volunteer, military, acting capacity, or any other experience that is relevant to the position you are applying for.

  If you have held more than one (1) position at the same employer, please list each position that you held and the length of time that you held each position.

Licenses & Certifications

None.

Additional Information

APPLICATION PROCESS:

Please apply on-line at https://www.governmentjobs.com/careers/mdotmd. (https://www.governmentjobs.com/careers/mdotmd.%20) RESUMES CANNOT BE SUBSTITUTED FOR THE ONLINE EMPLOYMENT

APPLICATION. Paper applications (Form DTS-1) will not be accepted for this recruitment.

NOTES :

Please be advised that the State of Maryland is dedicated to a drug-free workplace, and as a result, employees are subject to the State's Substance Abuse Policy to include possible drug testing. Selected candidate(s) may be subject to background and reference checks.

The incumbent in this position will not be a member of a covered bargaining unit.

For education obtained outside the U.S., at the time of application you are required to provide proof of the equivalent American education as determined by a foreign credential evaluation service, such as the National Association of Credential Evaluation Services (http://www.naces.org) or World Education Services: International Credential Evaluation (https://www.wes.org/). This must be submitted as an attachment with the application of the position in which you are applying.

The Maryland Transportation Authority is not sponsoring new employees in application of the H-1B Visa or providing an extension of an existing H-1B Visa at this time due to budgetary constraints. All applicants must be legally authorized to work in the United States under the Immigration Reform and Control Act of 1986. Federal regulations prohibit H1B Visa candidates from paying sponsorship fees, all sponsorship fees must be assumed by the potential employer.

WE ARE AN EQUAL OPPORTUNITY EMPLOYER. MDTA does not discriminate based on age, ancestry, color, creed, gender identity or expression, genetic information, marital status, mental or physical disability, national origin, race, religious affiliation, belief or opinion, sex, or sexual orientation.

MDOT has various careers for people of all experiences, backgrounds, and abilities who come together to contribute to one mission - connecting our customers to life’s opportunities. Join us in serving our Maryland residents, visitors, and businesses!

Reasonable Accommodations for persons with disabilities will be provided upon request.

Appropriate auxiliary aids and services for qualified individuals with disabilities will be provided upon request. Please notify us in advance. MD Relay Service Number 1-800-735-2258 (TTY Number: 711). Bilingual applicants are encouraged to apply.

Issue Date: 08/07/2024

Come join the Maryland Department of Transportation Team! We offer more than just a paycheck!!!! We offer healthcare, dental, long term disability, flexible work schedules, and so much more. Read all about our fabulous benefits in detail by visiting:

https://www.mdot.maryland.gov/tso/pages/index.aspx?pageid=152

Don't miss out on a great opportunity for a challenging career along with fabulous benefits!

*Benefits are offered to all full-time, part-time permanent and contractual (partially subsidized) employees. Temporary employees do not receive benefits.

Agency

Maryland Department of Transportation

Address

See Job Posting for Specific Address to Mail an Application ------------, Maryland, ------------

Phone

See Job Posting

Website

http://www.mdot.maryland.gov

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