Investment Portfolio Administrator

2 weeks ago

Baltimore, Maryland, United States Maryland Department of Transportation Full time

Open to All Qualified Candidates

EXECUTIVE SERVICE
This position serves at the discretion of the Appointing Authority.
Open Until Filled

The Maryland Department of Transportation (MDOT) is responsible for the ownership, operation, and maintenance of significant toll facilities, including bridges, tunnels, and turnpikes throughout the State of Maryland.

For over five decades, MDOT has ensured that Maryland's residents and visitors experience safe, secure, and efficient transportation options.

We are dedicated to excellence in customer service, relying on our core values, traditions, and our workforce to fulfill these objectives.


Nature of Work:
MDOT is in search of an Investment Portfolio Administrator with a strong background in institutional investment management, particularly in bond portfolios.

The Investment Portfolio Administrator will oversee an investment portfolio valued at approximately $1 billion, adhering to the investment policy, board directives, and established benchmark indices.


Key Responsibilities:
1. Duration-targeted total return portfolio management for reserve accounts;
2. Cash flow modeling for matched funding capital accounts;
3. Portfolio modeling, including analysis of term structure, option-adjusted duration, and convexity in relation to benchmark bond indices;
4. Trade execution, which includes notifying senior management, soliciting through trading platforms such as Bloomberg, evaluating bid/offer spreads, and resolving trade settlement issues;
5. Total return performance calculations using internal rate of return while incorporating external cash flows, market values, and accrued interest;
6. Performance attribution analysis against benchmark indices;
7. Preparation of board meeting reports and compliance with state reporting requirements, including performance comparison tables, fiscal and monetary policy insights, economic/rate environment assessments, and investment policy adherence;
8. Management of contracts for analytical, trading, and investment accounting systems;
9. Collaboration with Treasury Unit staff on investment accounting and working capital management.

The selected candidate will report directly to the Director of Treasury & Debt and will be part of the Finance Division.

MDOT offers a comprehensive benefits package, including a minimum of 11 paid holidays, at least 27 days of annual leave (personal, vacation, and sick), access to the State Pension System, deferred compensation plans, and excellent health, dental, and vision insurance options.

PREFERRED QUALIFICATIONS:

Education:
A bachelor's degree in finance, economics, or a related field from an accredited institution is required.

A graduate degree in finance or designation as a Chartered Financial Advisor is preferred, along with active or inactive SEC licenses (e.g., Series 7 General Securities Registered Representative, Series 65 Uniform Investment Advisor).


Experience:
A minimum of seven (7) years of experience in the investment industry is required.

At least three (3) years of this experience should involve institutional bond portfolio management, focusing on total return measurement against benchmark indices, securities trading, credit analysis, and relative value assessment.


The ideal candidate will demonstrate:
1. Expertise in total return and duration-targeted management of bond portfolios relative to benchmark indices;
2. Proficiency in option-adjusted duration management and relative value application;
3. Familiarity with Bloomberg and other securities trading platforms;
4. Strong analytical and credit analysis skills;
5. Excellent presentation and communication abilities, with the capacity to convey complex concepts to senior management;
6. Independent judgment, high accuracy, and a conservative approach;
7. Experience in developing investment policies and selecting benchmarks.
Please ensure that all relevant experience is included in your application.

This encompasses full-time, part-time, volunteer, military, acting capacity, or any other relevant experience.

If you have held multiple positions with the same employer, please list each position and the duration of each role.


APPLICATION PROCESS:
Applications must be submitted online; resumes cannot replace the online employment application. Paper applications will not be accepted for this recruitment.

NOTES:


MDOT is committed to maintaining a drug-free workplace, and employees are subject to the State's Substance Abuse Policy, which may include drug testing.

Selected candidates may undergo background and reference checks.
The incumbent in this position will not be part of a covered bargaining unit.
For education obtained outside the U.S., proof of equivalent American education is required at the time of application, as determined by a foreign credential evaluation service.

MDOT is not sponsoring new employees for H-1B Visa applications or extensions 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 H-1B Visa candidates from paying sponsorship fees; all fees must be covered by the employer.

WE ARE AN EQUAL OPPORTUNITY EMPLOYER.

MDOT 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 offers various career opportunities for individuals of all experiences, backgrounds, and abilities, united in the mission of connecting our customers to life's opportunities.

Reasonable accommodations for individuals 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.

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