Associate Treasurer
Cash Management
Oversee daily cash flow operations to ensure adequate liquidity for the university's operational needs. Manage bank reconciliations and ensure the accuracy of cash records. Lead the development of cash flow and interest forecasts, manage borrowing needs, and assess available funds for investment to ensure adequate resources for the University's operational and capital investment requirements. Analyze vendor payment terms to optimize cash balances. Monitor investment performance to support short-term liquidity and working capital needs. Collaborate with the Bursar office and General Accounting to oversee student receivables including analyzing aging schedules, improving collections, evaluating payment plan options, and supporting financial aid and student account management to strengthen cash flow and reduce outstanding balances. Collaborate with the AP office for wire payments and provide guidance post-implementation and ongoing support of the procure-to-pay system, to ensure proper documentation and accuracy for payments. Assist with the processing of third-party payments by working with AP office. Assist with the development and training of Accounts Payable staff, Administrators and Faculty on related treasury functions, fostering a culture of continuous improvement and professional growth.
Treasury Operations and Banking Relationships
Support and report daily on ongoing transactional treasury functions with banking institutions and internal customers and provide advice on liquidity aspects of the University's short- and long-range planning and budgeting. Collaborate with the Associate Vice President for Finance - Treasury to maintain the University's financial soundness and oversight through relationships with financial institutions, agencies, advisors, and credit rating agencies. Expand the use of automated payment systems to minimize the number of checks generated, enhancing efficiency, and reducing costs. Review bank portal and user access and optimize technology to improve automation and reporting. Manage bank account structures, signatory controls, and bank fee analysis.
Debt Management and Capital Management
Manage and monitor University compliance with bond covenants, debt payments, Federal and State reporting requirements, and internal controls, maintaining clear and accessible records of all Treasury materials. Coordinate the preparation of financial materials, presentations, and analyses for rating agency reviews. Coordinate with Facilities for the Capital projects reporting and drawdown requests to NJEFA. Monitor private business use for reporting for tax exempt bond compliance.
Policy Compliance and Governance
Participate in the development of policies and procedures, assist in problem resolution across various University groups, and provide accounting and audit-related support on all Treasury functions. Oversight of merchant services, fee management and PCI complianc.