Montclair State University

  • Director of Treasury Operations

    Job Locations US-NJ-Little Falls
    Posted Date 1 month ago(1 month ago)
    ID
    2018-1844
    # of Openings
    1
    Category
    Finance and Treasury
  • Overview

    The Treasury department is responsible for the University’s debt management, investments and cash management, and risk management functions, as well as oversight of certain compliance and business relationships/contracts.  The department provides financial planning, modeling and decision support for various initiatives involving cost savings and/or new revenue generating opportunities developed by or presented to the University.  The department also supports the Assistant Treasurer and the VP for Finance & Treasurer in researching, analyzing, and coordinating reporting for a variety of matters related to the University’s finances; and in developing financial policies and procedures to meet external and internal requirements.

    Under the direction of the Assistant Treasurer, the Director performs hands-on, day to day management of these and other financial functions, including managing post issuance bond compliance, merchant banking account administration, cash management, data collection for ratings agencies and other constituencies, and budget development for the finance department.

    Responsibilities

    • Supports the planning, execution, and ongoing management of University debt financing:  prepares or updates project descriptions, and coordinates review of legal documents; verifies and updates presentation materials for credit agencies and other parties; and manages the timelines and deliverables for smooth and efficient transaction execution.
    • Maintains ongoing reporting on University tax-exempt debt and State grants as required, including to the New Jersey Educational Financing Authority (NJEFA) and other government entities, bond trustees, credit rating agencies, and internal constituencies such as the Budget and Controller’s offices. Prepares invoices for project reimbursement submissions and project expenditure forecast reports to the NJEFA and follows up on questions. Manages a program of post-issuance tax-exempt bond compliance activities including documentation of private uses and maintenance of continuing disclosure requirements.
    • Serves as a point of contact with internal departments and business managers, to gather data and information needed for Treasury deliverables to external constituencies.
    • Manages the University’s financial transactions and relationships for certain public private partnerships, researching expenditure requests for reasonableness and reconciling account balances between the University and its private partners, all in accordance with project documentation.
    • Coordinates the establishment of bank accounts and cash management functions and oversees merchant accounts/credit card processing and mapping to applicable bank accounts.
    • Prepares the Finance Division’s annual budget proposal in coordination with the various departments, and monitors expenditures relative to budget, implementing budget transfers and adjustments as needed.  
    • Supports the maintenance and periodic review of all University insurance policies; Manages communication with risk management officials at the state level; Addresses inquiries from the University community related to insurance coverage; Reviews insurance requirements in contracts.    
    • Assists in the development, documentation and observation of the organization's financial and risk policies, and communicates treasury-related requirements to the University community.
    • Ensures appropriate record keeping of investment reports, policy statements and related transactions.
    • Assists in identifying, procuring, contracting with, and managing relationships with external service providers, including banks, advisors, consultants, credit rating agencies, insurance carriers, and investment managers.
    • Performs other duties as assigned.
    • Management retains the right to add or change job duties at any time.


    The above statements reflect the general details considered necessary to describe the principal functions of the job as identified, and shall not be considered as a detailed description of all work requirements that may be inherent in the position.

    Qualifications

    REQUIRED:

    • Bachelor's degree from an accredited college or university required, preferably in finance, accounting, or a related discipline.
    • Minimum of 5 to 7 years of related experience, preferably that includes exposure to tax exempt bond financing and post issuance compliance processes.
    • Strong spreadsheet, business and data analysis, and project planning skills.
    • Ability to successfully manage multiple projects on tight timelines is required.
    • Excellent written, oral, interpersonal, and presentation skills.

     


    PREFERRED:

    • An advanced degree in finance or related discipline is considered a plus.
    • Experience in directing cash management functions, monitoring invested assets, evaluating investment performance and recommending adjustments to the investment strategy.
    • Knowledge of the principles of risk management, particularly those related to insurance coverages.
    • Working knowledge of financial accounting processes, reporting requirements, and internal controls for a University or similar institution considered a plus.

     

     

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