Reporting to Cornell University's Vice President for Financial Affairs and University Treasurer, the Assistant Treasurer is responsible for the management of treasury (cash management, debt management, investment accounting, and bursar) operations for Cornell University. This includes working with commercial and investment banks, debt rating agencies and campus constituents. This position leads the analysis and establishment of policies and procedures needed to effectively carry out all treasury and bursar functions.
The Assistant Treasurer will:
Evaluate and recommend, to the Vice President for Financial Affairs and University Treasurer, debt strategies, structure, and policies to support the university's capital plans and long-term debt financing.
Assist the University Treasurer in issuing new debt (including refunding debt).
Oversee the Office of the Bursar function, which includes billing and collection of student receivables, management of institutional loans, and other programs related to student receivables and university collections (such as cash receipts, payment plans, settlement of loans, and other student financial plans).
Assist the University Treasurer in managing a robust bond compliance program. Manage the internal loan portfolio on an ongoing basis to ensure payment that is consistent with terms of the university's loan agreements, and to continually evaluate the overall portfolio and its characteristics in relation to the university's lending and borrowing needs. Provide updates to senior leadership of the university.
Manage the university's lines of credit, including negotiating new lines and renewing existing lines.
Establish and monitor compliance with credit card and e-commerce policies and protocols, including Payment Card Industry (PCI) standards, to ensure appropriate financial controls and data security.
Interpret information about capital market concepts and functions, and provide this information to other treasury management/university individuals.
Oversee the cash management functions for the university, including directing the analysis of all aspects of cash management and recommending policy to the University Treasurer, based on the outcomes of these analyses.
Ascertain the university's commercial banking needs. Use the university's global network of banking relationships to evaluate and negotiate services, quality, and prices, and establish and monitor service levels. Work with the University Treasurer to negotiate and engage in agreements as required.
Collaborate with University Treasurer and Executive Vice President and CFO to evaluate the university's liquidity needs.
Establish and maintain relationships with key stakeholders at the Weill Cornell Medicine, Cornell Tech, and Weill Cornell Medicine-Qatar campuses to ensure that all banking relationships are appropriate.
Provide direct leadership including guidance, mentorship, coaching, and performance management to the treasury organization (cash management, debt management, investment accounting, and bursar).
Background check will be required.
Qualified candidates will possess an MBA or equivalent combination of education and experience. A minimum of 7 years of experience in banking, cash management, treasury operations, or corporate financial management and planning. Other essential characteristics include the following:
Self-motivated, self-directed individual who is resourceful and analytical;
Excellent analytical skills for oversight of financial analyses and preparation of materials for presentation to senior management, the board of trustees, and the campus community when appropriate;
Ability to understand broad strategic issues as well as tactical departmental issues through understanding financial instruments and capital markets;
Knowledge of capital structure, including derivative instruments and measurement of debt capacity;
Proficiency in cash flow analysis, documentation relating to cash management and debt instruments;
Understanding of cash collection and concentration techniques, disbursement practices, electronic funds transfer systems, liquidity, credit risks; ability to identify problem issues and bring them to the attention of senior management;
Ability to identify solutions to problems and bring them to resolution;
Excellent planning, management, strong organizational and interpersonal skills;
Exceptionally strong written and verbal communication skills, including experience developing and delivering executive-level presentations and successfully working with a broad range of internal and external constituencies (e.g., management, executives, bank officers, investment bankers, software vendors and others as necessary);
Ability to effectively communicate and partner with professionals in other related fields;
Ability to establish and maintain harmonious professional relationships;
Prior supervisory experience.
Experience in higher education experience preferred.
Certified Treasury Professional (CTP) or Chartered Financial Analyst (CFA) credentials desired.
When applying through our system, please remember to attach your application materials (Resume/Cover Letter/CV) in either Microsoft Word or PDF format. In the Experience section of your application, use the 'Drop Files Here' box to manually drag document(s) into your application. For a more detailed description and instructions on how to apply online please click here as an external candidate or click here if you are an internal candidate. Please note: Cornell Employees must apply through the Internal Cornell Career site.
No Visa sponsorship is available for this position.
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