Senior Director for Financial / Treasury Operations, Treasurer’s Office– UT System

Senior Director for Financial / Treasury Operations, Treasurer’s Office– UT System
MR 16

About the UT System

The University of Tennessee is comprised of campuses at Knoxville, Chattanooga, Martin, and Pulaski; the Health Science Center at Memphis; the Space Institute at Tullahoma; and the statewide Institute of Agriculture and Institute for Public Service.

The UT System has a presence in each of Tennessee’s 95 counties. Through the combined force of education, research and outreach, the University serves students, business and industry, schools, governments, organizations, and citizens statewide.

The University of Tennessee System, through its multiple campuses and institutes, serves the people of Tennessee and beyond through the discovery, communication, and application of knowledge. The System is committed to providing undergraduate, graduate, and professional education programs in a diverse learning environment that prepares students to be leaders in a global society. The UT System’s delivery of education, discovery, outreach, and public service contributes to the economic, social, and environmental well-being of all Tennesseans.

The Opportunity
The Senior Director reports to the Treasurer with the following core responsibilities:

(1) managing the day-to-day financial operations and administration of the University's cash management portfolio with the UT System Treasurer and the treasury team (currently $1.6 Billion in assets)

(2) automation of cash management portfolio transactions, both cash and accounting, for both execution and entry into the University's general ledger

(3) analyzing the financial impact of major capital investments on the University's capital structure, interest income forecast and debt capacity

(4) maintaining an efficient and effective banking structure for the University. In addition to previously listed responsibilities, the position will be responsible for the identification and execution of strategic projects such as implementation of information systems deemed necessary to optimize cash, control bank accounts, manage liquidity, and oversee debt and internal loans.

Responsibilities include, but are not limited to:

• Cash Management Portfolio Core Operations:
  • Determine daily cash requirements, cash concentration, short-term cash investment and maintenance of appropriate cash flow and recommend short-term investment options to Treasurer
  • Continually assess Treasury procedures and practices and recommend policy improvements
  • Wire transfer management - both domestic and international wires exceeding $200 Million annually
  • Collaboratively create and manage a cashflow forecasting model
  • Co-administer University Treasury OPs portal utilized by countless finance operations staff across all campuses/units
  • Provide system banking consultation and troubleshooting for campuses, departments and units across the University system
  • Backup to Treasurer to monitor and make daily operating cash liquidity and investment decisions involving $millions
  • Review and evaluate complex investment swap opportunities involving fixed income/bond analysis
  • Serve as liaison/point of contact with banks and service providers, as needed
• Technology Oversight:
  • Implement new bank technologies, products, and services to support business operations and simplify accounting and reconciliation activities through automation of processes, when able
  • Oversee and troubleshoot code-level automation of the cash management portfolio general accounting and financial operations, ranging from daily accounting reviews to the monthly close
  • Responsible for overseeing successful implementation, maintenance and revisions to the cash management functionality of DASH.
  • Provide treasury and banking knowledge to assist with design and implementation of financial systems such as treasury workstations
  • Review and manage lock box services operation, as needed
  • Review and manage remote deposit operation, as needed
  • Assist with University's ACH security and compliance
• Financial Analytics and Financial Reporting:
  • Financial modeling including long-range financial planning for new capital projects. Model the potential financial impact on the University's capital structure for constructions projects, major investments, new debt and other significant financial decisions.
  • Perform Monte Carlo simulations to inform capital structure and capital investment decisions
  • Year end financial statements/schedules related to the cash management portfolio/notes to financial statements
  • Yearly state audit samples/reports/questions
  • Risk analysis of financial operations and capital structure across multi-billion financial platform

The Senior Director will support a culture of engagement and belonging by treating others with dignity and respect at all times, and by exhibiting conduct that reflects a commitment to diversity, equity, and inclusion. The successful candidate is expected to contribute in measurable ways to the systemwide mission and fully embrace the systemwide Be One UT Values.

Qualification Statement:

Research has shown that many candidates (specifically, women and minorities) disqualify themselves from positions if they feel that they don’t meet every single qualification listed in the job description. At UTSA, we recognize that talent is not solely related to job history and that skills from personal and professional experiences are valuable but not always reflected on a resume. If you are excited to make a positive and impactful contribution at our university, we encourage you to apply. You may be the right candidate for UTSA, in this role or perhaps another.

Requirements for Qualification

• Bachelor’s degree in Business, Finance, Accounting or related
• A minimum of 10 years of professional experience in treasury or investment operations, including experience in the selection, monitoring and management of third party financial service firms such as commercial banks, custodial banks, broker/dealers, or investment consultants.
• Expert working knowledge of financial operations
• Expert working knowledge of banking systems and platforms
• Ability to perform Monte Carlo simulations used to optimize the University's capital structure
• Strong working knowledge of debt capital markets and ability to analyze impact of debt transactions on debt portfolio, capital structure and financial forecasts
• Knowledge of automation tools, such as VBA and API
• Ability to reconcile complicated and comprehensive pools of investments, funds, and other assets
• Ability to communicate effectively.

Preferred Qualifications

• Master’s Degree
• CTP and/or CFA certifications
• Knowledge of SAP and/or Oracle Cloud enterprise systems

• Knowledge of charitable remainder trusts and ability to support existing Trust operations

Application Process
For full consideration applications should be accompanied by a letter of interest, resume and three references. Review of applications will begin immediately.

Compensation for the position will be competitive and commensurate with qualifications and experience within the market range.

The University offers a comprehensive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits and much more. Additionally, Tennessee residents do not pay a state income tax. For more information on the University of Tennessee’s benefits, visit https://hr.tennessee.edu/benefits/