Executive Director, Global Treasury, Financial Administration and Strategic Proj

Location: Chicago, ILJob Description:Manages the accounts receivable function for the University, including revenue billing and collection.Manages strategic financial projects, such as large capital projects, auxiliary profitability, strategic financings and other key projects to drive improved financial operating performance.Oversees the Enterprise Risk Management risk register and business continuity plan for the department and for the University’s global treasury/cash management, ensuring it is up to date and critical operations are accounted for.Defines goals for treasury/cash management staff and the department.Tracks progress of these goals and provides necessary support and guidance to ensure they are accomplished.Provides recommendations to the Associate Vice President for Finance on the direction of treasury/cash operations/management initiatives at the University, ensuring UChicago stays up-to-date with industry standards and operates efficiently.Partners with the Associate Vice President for Finance in the leading and development of Analyst Program and Decision Support Committee.Oversees the University’s liquidity and working capital portfolio which includes bank cash balances, short-term investment accounts, lines of credit and commercial paper program (approximately $800 million as of December 2022).Supervises daily cash positioning to ensure cash is available for University operations.Supports Associate Vice President for Finance in achieving short-term cash objectives; optimizing returns on cash balances while maintaining daily, weekly and long-term liquidity.Creates and maintains cash forecasting models to strategically invest short-term cash and manage borrowing of lines and commercial paper program.Develops reporting package for senior management on the University’s liquidity and key cash management operating metrics.Manages all relationships with financial institutions supporting the University’s cash management operations.Focuses on maintaining strategic partnerships with cash management partners across the University.Opens and maintains University bank accounts, receipt and disbursement services for secure and efficient operations.Develops, implements and maintains bank account structures.Oversees administration for the University’s online banking platforms and Treasury systems.Supervises regular, at minimum annual, review of all University bank accounts and services.Resource and partner to stakeholders throughout the University on the system-wide technical aspects of the Payment Card Industry Data Security Standards (PCI DSS) compliance program.Reviews and approves contracts related to credit card processing and monitoring compliance.Oversees University receivables management ($2+ billion).Leads and enhances internal processes to drive operational efficiency and ensures compliance with internal policies.Issues RFPs as needed to evaluate additional solutions for processing revenue.Structures and leads regular governance meetings with units/schools/centers to gain visibility to receivables and collections status across campus.Assesses the products, services, technologies and systems available for the Treasury department.Leads efforts to create and socialize policies and training for those across the University who are involved in receivables and/or revenue receipts.Oversees the administering of the program, providing monthly reporting file to payroll.Provides global cash management support to departments operating internationally.Facilitates the opening of new global banking relationships and implement services as needed.Tracks University’s foreign currency accounts and monitors currency risk.Serves as main point of contact for external and internal auditors.Supervises internal audits of cash/receipts on campus and users on University banking systems.Ensures compliance with internal controls, policies and procedures.Manages business continuity plan, ensuring it’s up to date and critical operations are accounted for.Oversees reconciliation of internal budget accounts used for cash management.Oversees the management of operating and capital budgets, information and accounting systems, revenue billing and collection, and monitoring of expenditures.Establishes budgets for all areas within scope of responsibility.Performs other related work as needed.Preferred QualificationsEducation:Bachelor's or Master’s degree in a STEM, business, accounting or economics field.Experience:10+ years experience in higher education finance, corporate or municipal finance, treasury management, and/or accounting.Certifications:CTP certification desirable.Technical Skills or Knowledge:Fluency in using Microsoft Office (Excel, PowerPoint, Word), treasury management systems and Oracle systems.Familiarity with GAAP financial statements.Preferred CompetenciesTeam-oriented professional who embraces and advocates for diversity, equity, and inclusion (DE&I).Interact impactfully with senior leadership and facilitate the professional development of team members.Strong quantitative skills and understanding of best practices in treasury management and operations.Proven attention to detail and desire to continuously learn and improve.Application DocumentsResume/CV (required)Cover Letter (required)References Contact Information (3)(required)The University of Chicago is an Affirmative Action/Equal Opportunity/Disabled/Veterans Employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national or ethnic origin, age, status as an individual with a disability, protected veteran status, genetic information, or other protected classes under the law.

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