Washington University is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity or expression, national origin, genetic information, disability, or protected veteran status.
This position is full-time and works approximately 37.5 hours per week.
Department Name/Job Location:
This position is in the Department of Treasury Services. This position is for the Danforth Campus.
Responsible for the management of treasury functions dealing with commercial and investment banks, cash management, debt management and debt rating agencies; direct analysis and establishment of policies and procedures needed to carry out these functions appropriately.
PRIMARY DUTIES AND RESPONSIBILITIES:
Evaluate and recommend debt strategies, structure and policies to support the University’s capital plans and long term debt financing to the Treasurer and Vice Chancellor for Finance & Chief Financial Officer (CFO). Participate in negotiation of, interpret and comply with debt documents such as standby bond purchase agreements, remarketing agreements and trust agreements. Evaluate investment opportunities for bond proceeds and understand issues surrounding tax-exempt debt. Direct analyses to execute the aforementioned functions.
Supervise the operation of the Internal Lending program for the University, including external bond fund proceeds, recycled proceeds and TIP (Treasurer Investment Pool). Initiate the setting and carrying out of internal loan policy. Initiate and establish new internal loans – work with borrowers, institute a discipline of good credit criteria regarding term, payback, etc.; seek approval of the loans from various approving committees and obtain an executed loan agreement with the borrower. Manage the internal loan portfolio on an ongoing basis to insure payment in terms with the loan agreements and to evaluate the overall portfolio and portfolio characteristics versus the University’s lending and borrowing needs. Annual update on the portfolio and portfolio characteristics to the Board as part of UFC but more frequently with senior leaders. Insure the internal bank has policies in place to maintain solvency and the ability to meet its external debt service requirements on time. Review quarterly loan and internal bank reports produced by Accounting.
Assists Treasurer in the process of issuing new debt (including refunding debt). Maintains a working relationship with bank underwriters, rating agencies, bond counsel and underwriters counsel. Thorough understanding of rating agency (Moody’s and Standard & Poor’s) objectives and requirements in evaluating the University’s credit metrics. Project the University’s capacity to incur additional debt while maintaining highest possible debt rating.
Coordinates preparation of materials presented for annual review of University’s debt with the University Finance Committee (UFC), a subcommittee of the Board of Trustees, and WUIMC Board with Treasurer, Financial Planning and WUIMC staff. Materials include: update of University’s debt repayment model, current and projected financial ratios, competitor data, and plans for future borrowing.
Manage the University’s lines of credit including both initiating and negotiating new lines and renewing lines. Lines of credit include but not limited to working capital, stand-by bond purchase agreements, letters of credit and historic tax credits. Determine short term borrowing requirements; establish and maintain lines of credit for short term borrowing with 2-3 major creditworthy banks. Negotiate terms.
Manages the University’s energy hedging program and attends hedge committee meetings.
Assists Treasurer with managing the University’s bond compliance program.
Provide and interpret information about capital markets concepts and functions to other Treasury management/University personnel.
Direct analysis of cash management and recommend policy based on outcomes of analysis to the Treasurer. These analyses include: oversight for the development and maintenance of a cash forecasting model which assists in determining the minimum operating cash requirements, the analysis of banking fees including RFP for all banking services, and the analysis of various uses of banking products.
Supervise cash management and banking services provided to the University. Includes daily movement of cash among various accounts, daily movement of cash into/from overnight investment account; reviewing optimum number of accounts; setting up accounts, lockboxes, letters of credit; and other transactional needs.
Ascertain the University’s and schools’ commercial banking needs, evaluate banks’ services and prices, negotiate prices, establish and monitor service levels. Consult with department’s and schools to affect the most efficient method of flow of funds into and out of the University.
Works with Treasurer and Washington University Investment Management staff to evaluate liquidity needs of the University.
Prepare face-to-face meetings with new, credit worthy financial institutions to introduce the financial institution to the University and its senior financial management.
Meet with bankers to evaluate a financial institution’s product and capacity to provide service, quality, and price. Work with Treasurer to negotiate and engage in agreements as appropriate.
Maintain ongoing communications with existing bank vendors including the University’s on-campus bank branch.
Provides oversight and analysis to the Treasurer related to Tier I and Tier II investment managers.
Requires M.B.A. with minimum of 7-10 years experience in treasury operations or corporate financial management and planning.
Self-motivated, self-directed individual who is resourceful and analytical;
Excellent analytical skills are required for oversight of financial analyses and presentation materials provided to Senior Management and the Board of Trustees;
Ability to understand broad strategic issues as well as tactical departmental issues through understanding financial instruments and capital markets;
In depth understanding of financial concepts;
Capital structure including derivative instruments and measurement of debt capacity;
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, identify problem issues and bring them to the attention of senior management;
Ability to find solutions to problems and bring them to resolution is essential;
Axcellent planning, management, and strong organizational skills, excellent interpersonal skills, oral and written communication skills;
Ability to deal with all levels of management.
Requires strong oral and written communications skills;
Ability to communicate with professionals in other related fields;
Ability to establish harmonious professional relationships
The hiring range for this position is $81,725 - $120,000 annually.
-Retirement Savings Plan -22 vacation days -8 Paid Holidays -Sick Time -Tuition benefits for employee, spouse and dependent children -Free Metro Link/ Bus pass -Free Life Insurance -Health, Dental, Vision -Health Savings Accounts (HSA) -Long Term Disability Insurance -Flex Spending Plan -Other Benefits
Human Resources website (hr.wustl.edu)
Internal Applicant Instruction:
Please attach a copy of your most current signed performance evaluation (completed within the last 18 months) to your online account. If you have not received a performance evaluation, you may provide two current signed letters of recommendation (written within the last 18 months), preferably to include one letter from either a current or recent former supervisor. To attach these documents, go to: My Career Tools, Add Attachment, Attachment Type – Performance Reviews or Letters of Recommendation.
Washington University in St. Louis, a medium-sized, independent university, is dedicated to challenging its faculty and students alike to seek new knowledge and greater understanding of an ever-changing, multicultural world. The University offers more than 90 programs and almost 1,500 courses leading to bachelor's, master's and doctoral degrees in a broad spectrum of traditional and interdisciplin...ary fields, with additional opportunities for minor concentrations and individualized programs. The faculty is composed of scholars, scientists, artists and members of the learned professions. They serve society by teaching; by adding to the store of human art, creativity, understanding, and wisdom; and by providing direct services, such as health care.