Maintains all banking operations and oversees and reports on the University's cash and investments, including monitoring of the University's endowment fund; manages all debt portfolios and leads financing transactions; creates and monitors cash handling and merchant services policies and procedures to ensure appropriate controls and compliance.
The Treasurer provides overall direction for and oversees the University's treasury operations, including supervising six staff conducting day to day cash management and credit card merchant services related activities. The Treasurer also oversees the University's debt portfolio and manages financing transactions. The following section describes primary job functions in each of these 3 main areas (treasury operations, merchant services, and debt administration). The Treasurer identifies and evaluates financial or other risks in each of these areas and develops and implements mitigating strategies. This includes studying existing and new legislation or industry regulations and advising management on any needed actions.
Essential Job Functions:
General Treasury Operations:
Manages University banking relationships.
Works with external investment consultants in overseeing and reporting on the status of the endowment fund and unrestricted investments in accordance with policies approved by the Board of Trustees; coordinates meetings with the Investment Committee of the Board.
Develops short and long term cash forecasts and monitors and reports on operating liquidity.
Identifies opportunities for enhancing operational efficiencies and streamlining processes; directs implementation of approved projects.
Establishes/maintains comprehensive policies and procedures and ensures appropriate controls to safeguard cash and investments; monitors compliance with applicable regulations, policies and procedures.
Oversees daily work of staff (account analysis, data input and control, report review, bank reconciliations, weekly and monthly cash position and investment reports.)
Monitors daily flow of funds and directs transfers between accounts and short-term investments to optimize returns.
Provides oversight with respect to record-keeping activities for gift annuities, charitable remainder trusts and unitrusts.
Provides appropriate infrastructure to support merchant services' activity throughout the University, ensuring appropriate controls and data security in collaboration with the IT department.
Sets the direction for supporting campus merchants with innovative and compliant payment solutions.
Establishes/maintains comprehensive policies and procedures with respect to Payment Card Industry Data Security Standards (PCI DSS) and standard operating procedures for merchant locations; serves as central coordinator.
Evaluates payment solutions and approves 3rd party vendors in accordance with established policies.
Sponsors and directs periodic training and monitors compliance with established policies.
Manages relationships with investment banks and financial institutions, investors, rating agencies, and conduit issuers.
Collaborates with the University's external financial advisor (FA) to develop appropriate debt strategy including ensuring competitive financing, providing periodic updates on debt capacity, evaluating future borrowing needs, etc.
Works closely with FA and bond counsel, as applicable, in coordinating debt offerings, managing requests for proposals from underwriters, preparing public offering documents, assisting with negotiating financial and legal terms and presenting the University's credit profile to rating agencies.
Facilitates bondholder relations including the timely disclosure of financial information to investors in the University's debt securities and coordinates responses to investors' inquiries.
Establishes/maintains comprehensive policies and procedures and internal controls with respect to aspects of debt administration and post-issuance compliance; ensures operating procedures are designed and operating effectively to ensure compliance with debt policies.
Ensures compliance with debt covenants, including preparation of semi-annual certifications for financial covenants, continuing disclosure, and Federal tax regulations.
Serves as the tax compliance officer with respect to arbitrage and coordinates with the VP for Facilities Management and the Tax Director with respect to private business use matters.
Collaborates with various departments on financial disclosures, liquidity management, reporting and compliance.
Oversees routine activities conducted by staff including proper budgeting of debt service expenditures, scheduled debt service payments, and related tasks.
Marginal Job Functions:
The Treasurer may perform other duties as assigned.
On an occasional basis, the Treasurer may travel to different locations for meetings/conferences.
Required Knowledge, Skills and Abilities:
Strong organizational and operational management skills as well as excellence in written and oral communication.
Advanced knowledge of treasury operations and debt administration.
Strong quantitative, strategic and financial management skills.
Excellent analytical, problem-solving, and project management skills.
Strong interpersonal skills with demonstrated leadership qualities necessary to build and sustain cooperative working relationships across a complex and diverse organization.
Ability to independently set priorities to meet the needs of the organization, and achieve the needed results.
Ability to maintain confidentiality in dealing with highly sensitive issues.
Proficient in Excel and other Microsoft Office applications.
Major (if required):
Finance, Accounting, Business or related field
Minimum eight years senior level relevant experience (similar or closely related position), including five years of supervisory/management, cash management and debt administration experience.
Master degree (MBA, Finance or Accounting)
Is this a safety sensitive position (are applicants potentially subject to drug testing)?
Does this position require a criminal background screening?
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