Investment Specialist-Treasury Specialist V

Maryland State Treasurer's Office   Annapolis, MD   Full-time     Other
Posted on June 16, 2022
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State Finance and Procurement Article §6-222 governs the investment of the State’s unexpended 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 p investment strategy, in a prudent 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.

 The State Treasurer’s Office Investment Division is a two-person unit responsible for carrying out this policy by 1) validating and monitoring the State’s daily cash position, 2) effectively and responsibly investing the cash balances that are temporarily idle between the time State revenue is collected and the time obligated funds are disbursed, and 3) documenting and reporting all investment activity in compliance with policy and law. 

This position assists the Chief Investment Officer (CIO) 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 the State’s Contracted disbursement bank, the State’s daily cash balance
  • investing non-committed cash, under the direction of the CIO
  • soliciting rate quotes from authorized brokers for daily trades
  • 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 the CIO with cash projections
  • confirming trades are collateralized 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


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.


  1. Possession of a certificate as a Certified Public Accountant may be substituted for two years of the required experience.
  2. 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.
  3. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in financial administration and program classification or financial administration specialty codes in the accounting and budget group field of work on a year-for-year basis for the required experience and education. 


  1. Two of the five years of experience stated above must be specifically handling cash management


  1. Knowledge of government securities investing
  2. Ability to analyze basic economic and financial market trends and make rudimentary investment recommendations in relation to financial goals
  3. Experience working in Bloomberg or other relatable investment software
  4. Advanced skill in MS Excel, including formulas, reconciling tools, tables & graphs, etc.
  5. Skill in attention to detail

LIMITATIONS ON SELECTIONCandidates must be willing to work onsite in the Annapolis area.

SPECIAL REQUIREMENTS All candidates will be subject to a background investigation including criminal and credit history.

SELECTION PROCESSApplicants who meet the minimum and selective qualifications will be admitted to examination for this classification.  Successful candidates will be ranked as Best Qualified, Better Qualified, or Qualified and placed on the employment (eligible) list for at least one year.

EXAMINATIONThe examination consists of a rating of your education, training, and experience related to the requirements of the position.  You may be required to complete a qualifications supplement, or the rating may be based on the information contained in your application.  Therefore, it is important that you provide complete and accurate information to describe your training and experience, on your application.  You may be asked to supply transcripts upon interview.

General questions may be directed to the STO Personnel Office at 410-260-7078.

As an equal opportunity employer, Maryland is committed to recruiting, retaining and promoting employees who are reflective of the State’s diversity.

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