PORTFOLIO SPECIALIST *REPOST* ADMNISTRATOR I
State of Maryland, Baltimore, MD, United States
Introduction
Maryland Department of Commerce is seeking qualified applicants for the position of Portfolio Specialist (Administrator I) within the Division of Business Growth & Attraction’s Office of Finance Programs & Incentives.
Grade and Location GRADE: 16 LOCATION: The World Trade Center - 401 East Pratt Street, Baltimore, Maryland 21202
Main Purpose The primary purpose and function of this position is to support the administration of the Department of Commerce’s finance programs by accurately accounting and managing all program activities of active client accounts, and ensure that all compliance, legal and financial obligations of the program recipients are fulfilled.
Position Duties This position is designed to cover a broad range of key functional activities and responsibilities assigned to Portfolio Specialist personnel in an FPAA (Final Partnership Administrative Adjustment) “Work Cell” environment. Duties include monitoring, managing, and analyzing the Finance Program’s portfolio of loans, grants, investments and tax credit programs; assisting in preparing financial statements in accordance with GAAP; preparing legislative and management reports for the Department using USL General Ledger, Web Focus, Portfolio, and FMIS; auditing annual financial statements; preparing monthly cash reports; posting to and maintaining various sub-ledger accounts; processing billing and collections; performing account reconciliation and research; aiding in the coordination and preparation of Audited Annual Financial Statements, budget preparation; advising management and making recommendations on program funding levels and other activities. Some State travel is required.
Required Qualifications
Education: Graduation from an accredited high school or possession of a high school equivalency certificate.
Experience: Four years of administrative staff or professional work.
Substitution options: 30 college credit hours, Bachelor’s degree, Master’s degree, or U.S. Armed Forces military service experience as a commissioned officer eligible for substitution of required experience.
Skills: Excellent interpersonal, written, and oral communication; strong analytical, organizational and detailed‑work skills; working knowledge of governmental accounting principles, fiscal control reporting policies and procedures; ability to prepare, analyze and interpret financial reports and statements.
Additional (Desired) Qualifications
BA or advanced degree in accounting, finance, business administration, or public administration from an accredited college or university.
Three of the four years of experience in banking, including managing commercial credit portfolios.
Experience with collateral documentation, portfolio management and general financial/accounting processes.
Experience using Customer Relationship Management databases, Financial Management Information Systems (FMIS), or comparable accounting software.
Licenses & Certifications Employees in this classification may be required to possess a motor vehicle operator’s license valid in the State of Maryland if duties involve the operation of a motor vehicle.
EEO Statement As an E-Verify and Equal Opportunity Employer, Maryland is committed to recruiting, retaining, and promoting employees who are reflective of the State’s diversity. People with disabilities and bilingual candidates are encouraged to apply. We thank our Veterans for their service to our country and encourage them to apply. TTY Users: call via Maryland Relay 1‑800‑735‑2258.
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Grade and Location GRADE: 16 LOCATION: The World Trade Center - 401 East Pratt Street, Baltimore, Maryland 21202
Main Purpose The primary purpose and function of this position is to support the administration of the Department of Commerce’s finance programs by accurately accounting and managing all program activities of active client accounts, and ensure that all compliance, legal and financial obligations of the program recipients are fulfilled.
Position Duties This position is designed to cover a broad range of key functional activities and responsibilities assigned to Portfolio Specialist personnel in an FPAA (Final Partnership Administrative Adjustment) “Work Cell” environment. Duties include monitoring, managing, and analyzing the Finance Program’s portfolio of loans, grants, investments and tax credit programs; assisting in preparing financial statements in accordance with GAAP; preparing legislative and management reports for the Department using USL General Ledger, Web Focus, Portfolio, and FMIS; auditing annual financial statements; preparing monthly cash reports; posting to and maintaining various sub-ledger accounts; processing billing and collections; performing account reconciliation and research; aiding in the coordination and preparation of Audited Annual Financial Statements, budget preparation; advising management and making recommendations on program funding levels and other activities. Some State travel is required.
Required Qualifications
Education: Graduation from an accredited high school or possession of a high school equivalency certificate.
Experience: Four years of administrative staff or professional work.
Substitution options: 30 college credit hours, Bachelor’s degree, Master’s degree, or U.S. Armed Forces military service experience as a commissioned officer eligible for substitution of required experience.
Skills: Excellent interpersonal, written, and oral communication; strong analytical, organizational and detailed‑work skills; working knowledge of governmental accounting principles, fiscal control reporting policies and procedures; ability to prepare, analyze and interpret financial reports and statements.
Additional (Desired) Qualifications
BA or advanced degree in accounting, finance, business administration, or public administration from an accredited college or university.
Three of the four years of experience in banking, including managing commercial credit portfolios.
Experience with collateral documentation, portfolio management and general financial/accounting processes.
Experience using Customer Relationship Management databases, Financial Management Information Systems (FMIS), or comparable accounting software.
Licenses & Certifications Employees in this classification may be required to possess a motor vehicle operator’s license valid in the State of Maryland if duties involve the operation of a motor vehicle.
EEO Statement As an E-Verify and Equal Opportunity Employer, Maryland is committed to recruiting, retaining, and promoting employees who are reflective of the State’s diversity. People with disabilities and bilingual candidates are encouraged to apply. We thank our Veterans for their service to our country and encourage them to apply. TTY Users: call via Maryland Relay 1‑800‑735‑2258.
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