At DePaul University, we are looking for candidates who want to join us in our mission to provide access to education for all. Successful candidates welcome ideas and perspectives from colleagues and students representing a wide variety of cultures, backgrounds, religious beliefs, and experiences. We seek collaborative, open-minded and hard working professionals to work in a real world urban learning environment. Are you exceptional, yet modest and open to challenges? We seek achievers and leaders that want to bring their passion and skills to our well-respected community of approachable colleagues. Build your career with us.
The Treasurer is the financial officer of the university responsible for cash management and short-term investing, treasury operations, management of the institution's long-term debt portfolio, the administration of the university's endowment and other long-term investment portfolios, and commercial real estate leasing and operations. The Treasurer also serves as a fiduciary of the university's defined contribution retirement plan. The Treasurer is responsible for banking and borrowing activities on behalf of the institution and serves as the primary liaison with credit rating agencies and bondholders.
Reporting to the Executive Vice President, the Treasurer works in partnership with senior and executive leadership of the institution to identify, recommend and implement strategies for effectively managing financial assets and real property. The Treasurer provides administrative support, reporting and analysis to the Board of Trustees through participation in the meetings of its Finance Committee, serves as the institutional liaison with its Investment Committee, and staffs other board committee meetings as needed.
To view the detailed leadership prospectus, visit: https://www.depaul.edu/Documents/depaul-university-leadership-prospectus-treasurer.pdf
Responsibilities & Duties
Manages banking, borrowing and cash forecasting activities sufficient to provide for the day-to-day liquidity needs of the institution, preserve principal within cash and working capital accounts, ensure compliance with university cash management policies and generate an acceptable risk-adjusted return.
Supervises and ensures the integrity of all fund disbursement activities including wire transfers, check printing and fraud protections, payment card processor activities (including PCI-DSS compliance), fund escheatment processes and prepaid debit card usage.
Develops and implements recommendations associated with institutional capital finance and borrowing strategies with the intent of assuring adequate access to external capital at acceptable rates.
Manages bond issuance process and oversees post-issuance compliance efforts including the timely completion of continuing disclosure and related filing requirements.
Manages bondholder and credit rating agency relations and represents the interests of the university in its dealings with underwriters, financial advisors, bond counsel, conduit issuers, and other related relationships.
Oversees the University Investments Office, which is responsible for administering the endowment and other long-term investment portfolios of the institution and supporting the fund management decisions of the Board of Trustees Investment Committee.
Manages university relationships with investment advisors and fund custodians and ensures ongoing compliance with institutional investment policies.
Provides for internal controls sufficient to adequately safeguard investment assets.
Oversees the University Real Estate Office, which is the lessor of 350,000 square feet of office, retail and parking space to three dozen commercial tenants.
Also manages university-as-lessee relationships at downtown, neighborhood and suburban campuses.
Oversees property tax payment and exemption processes.
Serve as principal negotiator in non- commercial acquisitions, dispositions and development projects.
Performs other duties as assigned.
Education & Experience
BA Finance, Accounting or Related Discipline.
Management - At least 10 years of demonstrated effective financial and professional management experience.
MBA/MS Finance or Accounting.
Experience with 403(b) defined contribution retirement plan administration and investment.
Private higher education experience in a complex organization with a minimum budget of $200 million.
Direct experience in capital finance and/or investment administrations.
Experience in real estate management.
Oversees a total staff of 6 full time positions.
As of FYE 06/30/2020
Bonds indebtedness: $289 million
Total cash and investments: $977 million
Credit line capacity: $90 million
Other Skills & Abilities Reqd
Work experience with capital and financial markets and related services providers.
Well-developed negotiations, project leadership and collaboration skills, including lease and supplier contract negotiations experience.
Demonstrated ability to identify and mitigate operating and financial risks, utilizing strong creative problem-solving skills.
Effective written and verbal communications skills, including the ability to clearly and concisely articulate complex concepts in meetings, presentations, and in writing to successfully recommend courses of action to executive management and board members.
Proven advanced quantitative analysis and presentation skills with a solid understanding of financial valuation methods, statistical analysis, investment analysis, and other information modeling techniques.
Effective utilization of technology required with proficiency in standard office productivity applications.
Proven track record in diverse staff development, coaching, performance management and the use of inclusive decision-making to meet organizational objectives.
You must submit a cover letter with your application to be considered for the position.
You may upload other attachments (Transcripts, Portfolios, Writing samples) in the “My Activities” tab of your profile.
An offer of employment for this position will be contingent upon the successful completion of criminal and financial background checks.
Salary & Benefits Package:
DePaul offers a comprehensive package including competitive pay and benefits to attract and retain the best talent in order to further the University's mission. For more information, please visit the following pages:
Required Background Check:
Employment at DePaul University is contingent on passing a background check. Only final candidates who are extended an offer of employment will undergo a background check.
Mandated Reporting of Child Abuse & Neglect:
Upon accepting an offer of employment with the university, you will also be required to sign an Acknowledgement of Mandated Reporter Status at the time of hire. A mandated reporter is required to make a report to the Illinois DCFS Hotline whenever there is reasonable cause to believe that a child known to them in their professional or official capacity may be abused or neglected. For more information, please visit the following pages:
Illinois Department of Children & Family Services (DCFS)
Illinois Abused and Neglected Child Reporting Act
DePaul University is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, ethnicity, religion, sex, sexual orientation, gender identity, national origin, age, marital status, physical or mental disability, protected veteran status, genetic information or any other legally protected status, in accordance with applicable federal, state and local EEO laws.
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