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University of Delaware

Location: NewarkDE 19702 Document ID: AC273-0E97 Posted on: 2018-08-0108/01/2018 Job Type: Regular

Job Schedule:Full-time
2018-08-31
 

Manager, Treasury Services

PAY GRADE: 33E

DEADLINE: August 1, 2018

CONTEXT OF THE JOB:

Under the limited direction of the Assistant Vice President, the Manager is responsible for coordinating all aspects of University treasury operations both directly and indirectly, including banking relationships, cash operations, cash management and banking services technology.

The incumbent is responsible for the ongoing review and implementation of best industry practices in all aspects of Treasury Services processes and procedures.

The incumbent will manage University relationships with banking partners and perform daily cash management and forecasting activities to ensure adequate liquidity at all times.

The Manager will review existing treasury processes and procedures and make recommendations for new procedures and methods designed to minimize risk, strengthen internal controls and improve efficiency.

MAJOR RESPONSIBILITIES:
  • Assist AVP with compilation and analysis of short term liquidity and cash flow needs. Work with VP of Finance and AVP in regards to developing projections, reports and presentations based upon the analysis.


  • Identify, document and implement industry best practices in all aspects of University treasury operations.


  • Manage and oversee business processes and controls in Treasury Services related to University collection and disbursement activities.


  • Develop and present suggested improvements or complete re-engineering of business processes and controls as appropriate.


  • Develop various Requests for Proposal (RFP) for Treasury Services. Direct and coordinate the evaluation of responses to the RFPs and the implementation of the services upon completion of vendor selection.


  • Provide responsive production support for all banking systems.


  • Direct and coordinate the delivery of communication and training for Treasury Services and Treasury Services initiatives to the University community.


  • Compile and analyze collection and disbursement data to support the development of strategies to reduce the costs and improve the efficiency of processing those transactions.


BANKING SERVICES

  • Support and monitor the various banking relationships established with the University. Assess vendor performance as well as required services under each relationship.


  • Act as System Administrator for all banks. Set up user access for balance reporting and wire review and approval.


  • Manage and oversee bank account documentation to open accounts, add services related to depositories, lockbox processing, zero balance accounts, controlled disbursements, positive pay, etc. related to M&T, PNC, Wells Fargo, WSFS, and Bank of America.


  • Manage Petty Cash process and collaborate as needed regarding paperwork for petty cash funds.


  • Manage and oversee custodian agreements and administration, adding and deleting signature authority and other account information.


CASH MANAGEMENT

  • In collaboration with AVP of Finance, oversee cash operations, related policies and procedures and manage all related resources.


  • Collaborate with Student Financial Services, Controller's Office, University Development and College Business Offices / Departments to ensure timely efficient treasury processing.


  • Create, document and implement a program to monitor the daily collection and disbursement activities of the University treasury operations which would improve cash flow forecasting, monitoring and variance analysis.


  • In collaboration with the AVP, develop appropriate liquidity targets and establish and execute strategies to achieve them.


  • Review cash management practices in units on campus to assess risk, monitor compliance with University policy and provide training as necessary.


  • Develop and maintain the documentation of University policies related to Treasury Services with responsibility for the timely posting and revision of policies as appropriate.


  • Serve as backup to AVP for calculating and determining the short-term and long-term liquidity needs of the University.


  • Review account analysis statements on a regular basis to verify accuracy of pricing and operate bank accounts on a cost effective basis. Coordinate with AVP and other parties to consolidate banking services and reduce fees where possible and add or delete services as needed.


  • Oversee calculations of all stock gifts and assist in gift processing with University Development.


  • Complete special assignments and projects and perform other miscellaneous job-related duties as assigned.


QUALIFICATIONS:

  • Bachelor's degree in business administration, accounting, finance or other job-related discipline and seven years' financial management experience, or equivalent combination of education and experience.


  • Certified Treasury Professional (CTP) or Certified Cash Manager (CCM) preferred.


  • Knowledge and experience with treasury operations and banking services.


  • Strong interpersonal skills, willingness to be a supportive member of the finance team and the ability to deal credibly and effectively with senior institutional leadership.


  • Strong written, oral and electronic communication skills.


  • Ability to collaborate and coordinate activity with other units across the University for the development, preparation and implementation of changes in operations or services.


  • Advanced analytical, evaluative and objective critical thinking skills and the ability to effectively summarize and present information.


  • Demonstrated experience with Microsoft Office, including Word, Excel and Access applications.


Equal Employment Opportunity

The University of Delaware is an Equal Opportunity Employer which encourages applications from Minority Group Members, Women, Individuals with Disabilities and Veterans. The University's Notice of Non-Discrimination can be found at http://www.udel.edu/aboutus/legalnotices.html

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