INVESTMENT TECHNICIAN

Code: 50050 State Competitive Range: R19 (FY 2027) Hire up to Step 9

Salary: $60,876.32 - $88,742.92/year FY 2027 schedule (last updated 2026-07-27)

Official job specification

The text below is the official specification published by the New Jersey Civil Service Commission. The plain-language summary and analysis above are derived from it by NJ Civil Service Navigator. Source: the official specification page at NJ CSC.

Definition

Under general direction of a supervisory officer in the Division of Investment, Department of the Treasury, independently applies established technical standards to work involving investment research and analysis, accounting, and/or securities transactions which includes preparing, reviewing and processing investment related actions; may supervise lower level employees within the section; does other related work.

Examples of work

• Provides liaison between Division, agencies, banks and brokerage firms and other service providers on financial matters.
• Records and processes complex investment proposals from investment firms.
• Prepares and compiles necessary documentation to execute or record financial transactions; investigates and corrects abnormalities in transaction requests and data output.
• Initiates the processing of securities transactions and verifies transactions including fixed income and domestic and international stocks.
• Provides information and assistance to traders and management in the purchase and sale of equities, over-the-counter equity transactions, U.S. Government securities, corporate bonds, mortgages and other securities.
• Provides assistance and data to traders on specialty jobs in the preparation of necessary documentation for investment transactions involving International securities, verifies that all figures and confirmations are error free, inputs daily activity, reconciles daily trades and prepares accurate weekly trading reports.
• Utilizes the electronic financial markets system menus to retrieve, report and utilize complex technical information; utilizes the electronic bond trader or manually calculates investment amounts, proceeds, yields, accrued interest etc.
• Utilizes Custodian trade input and information retrieval systems to process all international and domestic trades and to assist processing staff as troubleshooter.
• Reviews and recalculates all equity trades received from the trading desk including the verification of shares, par, price, commissions and total cash.
• Matches depository trust company broker confirmations received through computer interface with trades downloaded from the precision trading computer system; communicates and resolves differences between the trading parties and the custodian bank.
• Assists portfolio managers in executing purchase and sale of mortgage-backed securities in a timely fashion and verifies numerical computations of mortgage transactions provided by brokerage firms.
• Investigates, inputs, maintains and reports corporate actions announced by government or corporate issuers of securities involving actions affecting the investment portfolio.
• Monitors, investigates, prepares or verifies securities litigation claims; maintains records of pending actions or paid claims and verifies their accuracy.
• Executes the purchase of money market investments under the direction of the traders; analyzes current market rates and rate changes; selects and confirms the trade with the bank showing the greatest yield for repurchase agreements; calculates the value of bank authorized collateral and notifies bank of any inaccuracy.
• Distributes all paperwork processed by the traders, after all appropriate approvals have been received; releases and electronically sends trade input to Custodian; reviews and approves all trade input.
• Monitors and informs supervisors of settlement date deadlines, maturities or other pending actions.
• Works closely with associated staff to resolve problems with the trade input/output information computer system.
• Communicates with trade brokers, custodians and services around the world for the purpose of trade and settlement instruction confirmation.
• Accesses internal computer system to run reports and verify securities holdings and transactions.
• Uploads or downloads financial data including trades, mortgage payments, income or other financial transactions from local PC to Custodian on daily basis.
• Maintains records of instructions and delivery for trading and clearing brokers including settlement instructions of the Custodian Bank to facilitate settlements in markets around the world.
• Prepares daily cash flow reports reflecting the cash movement via contributions and withdrawals to and from the Cash Management Fund and the preparation, verification and distribution of daily transaction activity.
• Prepares complex, statistical, confidential and technical forms and reports.
• Investigates and corrects abnormalities in transactions, portfolio holdings and data output involving verification of numerical computations of transactions and reconciliation of discrepancies.
• Inputs and calculates daily transaction proceeds and commissions paid to various brokers and allocates such amounts to their respective services or funds.
• Provides accurate and timely delivery of information and correspondence between the custodian bank, investment broker and service providers including resolution of routine delivery problems.
• Obtains and analyzes financial information from various sources, condensing into statistical charts tables, reports, records and memoranda for use by supervisors and staff.
• Confers with professionals and technical experts to obtain information and provide recommendations on financial transactions.
• Prepares the Division's annual and semiannual total commission report to the State investment Council.
• Initiates and supervises preparation of periodic reports on investments, brokerage commissions and investments.
• Serves as liaison to other departmental agencies, banks, securities brokers and other service providers to alleviate management, accounting and administrative problems.
• As directed, participates in or performs special studies in technical areas and makes recommendations regarding appropriate action.
• Maintains accurate electronic files and other essential correspondence, records and files on securities activity.
• Will be required to learn to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.

Education

Completion of 60 semester hours at an accredited college.

Experience

Three (3) years of experience performing technical and/or financial support services to staff engaged in professional securities, accounting, trading or research functions.

License

Appointees will be required to possess a driver's license valid in New Jersey only if the operation of vehicle, rather than employee mobility, is necessary to perform the essential duties of the position.

Knowledge, skills and abilities

• Knowledge of investment accounting, investment analysis or investment trading functions.
• Knowledge of data collection, compilation, analysis and interpretation techniques.
• Knowledge of office machines used in financial analysis, including computerized databases.
• Knowledge of proxy statements, indentures and common stock.
• Knowledge of the methods used to analyze financial information compiled from various sources.
• Knowledge of the processes and procedures involved in executing various types of securities transactions.
• Knowledge of methods used to reconcile financial data and maintain ledgers of investment transactions.
• Knowledge of financial practices, procedures and terminology.
• Ability to read and interpret laws, rules and regulations and apply them to specific situations.
• Ability to organize technical work, to recognize problems therein, and to develop effective work methods.
• Ability to produce and audit computerized reports.
• Ability to coordinate the maintenance of essential accounting, investment analysis or trading files and records.
• Ability to analyze and interpret investment data, to collect and verify data and to prepare clear, concise, technically sound reports.
• Ability to comprehend investment practices and organizational policies and procedures.
• Ability to coordinate securities transactions with fund representatives, custodial banks and brokerage firms.
• Ability to independently resolve problems arising from the execution of securities transaction, including the execution of bond exchanges.
• Ability to read and interpret financial statements, including proxy statements and balance sheets.
• Ability to provide liaison with agencies and financial institutions to resolve administrative problems associated with the execution of trades and other financial matters.
• Ability to assign and instruct para-professional and clerical support staff.
• Ability to secure and evaluate bids on proposed securities transactions and selects the most appropriate investment option.
• Ability to record and report changes in financial condition investment holdings, including dividend increases, stock splits and bond rating changes.
• Ability to utilize various types of electronic and/or manual recording and information systems used by the agency, office, or related units.
• Ability to read, write, speak, understand, and communicate in English sufficiently to perform duties of this position. American Sign Language or Braille may also be considered as acceptable forms of communication.
• Persons with mental or physical disabilities are eligible as long as they can perform essential functions of the job after reasonable accommodation is made to their known limitations. If the accommodation cannot be made because it would cause the employer undue hardship, such persons may not be eligible.
• CODES: 20/R19 - MCK 12/30/00

Note

The examples of work for this title are for illustrative purposes only. A particular position using this title may not perform all duties listed in this job specification. Conversely, all duties performed on the job may not be listed.

Applicants who do not possess the required 60 semester hours may substitute experience, as indicated above, on a year for year basis.