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.
Support financial decision making through preparation of in-depth, detailed analyses and recommendations covering university-wide treasury management issues; development and maintenance of complex financial models and development of presentation materials. The assistant treasurer, treasurer and chief financial officer use these analyses and financial models to develop efficient and cost-effective treasury management policies and practices. Presentation materials are used to provide the University Board of Trustees, bond rating agencies, investment banks and commercial banks with information about the university’s financial condition and operating and academic activities.
PRIMARY DUTIES AND RESPONSIBILITIES:
Debt Management - The University strives to maintain the highest possible credit rating in order to minimize interest rates on both short and long term debt and to maintain adequate operating lines of credit. Specific responsibilities include:
Prepare materials and analyses that will be used by financial management to communicate with senior management, debt rating agencies and financial institutions.
Maintain the university’s forecasted balance sheet model and debt repayment model. Prepare analyses of the university’s current external and internal debt capacity and create projections of future debt capacity and credit rating based on rating score methodologies utilized by rating agencies.
Assist in all phases of the debt issuance process. Analyze timing and amount of capital expenditures based on the university’s projected capital plan. Monitor capital market factors and use relevant data to prepare analyses to determine structure, timing and amount of new debt issues.
Communicate directly with debt-rating agencies and partner with internal departments to respond to requests for financial and marketing information in an accurate and timely manner.
Identify and analyze financial risks and manager associated compliance requirements, including compliance with debt covenants.
Assist in establishment of lines of credit and prepare analyses of least cost short- term credit facilities.
Provide support to assistant treasurer and treasurer in managing relationships with investment banks, debt trustees, line of credit providers, remarketing agents and bond rating agencies and auditors.
Investment Management - Treasury Services is responsible for management of the university’s investable assets within the Treasurer’s Investment Pool. Specific responsibilities include:
Monitor performance and asset allocation of Treasurer’s Investment Pool. Coordinate with endowment management staff to manage the University’s liquidity structure.
Assist management in maintaining Investment Policy documentation.
Evaluate investment opportunities for operating funds and bond proceeds by assessing manager’s investment philosophy and return and risk characteristics.
Prepare materials and analyses that will be used by financial management to communicate with senior management.
The university uses a broad range of bank and other financial services. Analysis is required to understand the university’s current needs, forecast future needs and manage the effectiveness of services provided by commercial banks and other vendors. Specific responsibilities include:
Develop procedures and models to forecast daily and longer term cash requirements and investigate variances to facilitate strategic decision making. Recommend practice improvements that will lead to greater efficiency of funds utilization.
Provide support and analysis to assistant treasurer and treasurer in managing relationships with commercial banks.
Perform analysis to determine the cash needs for university operations and the excess cash that can potentially be invested in longer-term investments.
Perform other responsibilities as requested.
Prepare periodic reports for banks, auditors and others as needed related to natural gas hedging, debt covenant compliance and peer benchmarking.
Prepare quarterly interest rate forecast.
Monitor a venture fund program and provide updates to the treasurer and chief financial officer.
Participate in the University’s natural gas hedging committee decision. Prepare information for auditors on derivatives used to hedge commodity prices. Manage payments for the University hedging program.
Prepare other analyses and presentation materials as needed for the assistant treasurer, treasurer, chief financial officer and other senior leaders.
Perform other duties as assigned.
Bachelor’s degree and three to five years of experience OR a MBA or MS in finance and one year of experience. Graduate candidates otherwise meeting required qualifications that will receive their graduate degrees within one year will be considered.
Demonstrated ability to create complex finance models.
Advanced knowledge of Excel, forecasting software, Bloomberg, and PowerPoint.
Knowledge of accounting concepts and practices, factors relevant to credit quality, interest rate calculations and conventions, short-term investment strategies, interest rate derivatives, and other hedging instruments.
Bachelor’s degree in finance, economics, or a related quantitative area.
MBA or MS in finance and higher education treasury experience.
Excellent quantitative aptitude and written and verbal communication skills.
Ability to work successfully on complex projects with a high degree of independence.
Ability to organize, interpret, and summarize data into meaningful analyses.
Ability to work successfully on teams.
Resourcefulness, initiative, reliability, and willingness to work extra hours as needed.
Focus on high quality work and getting the work done correctly the first time.
All external candidates receiving an offer for employment will be required to submit to pre-employment screening for this position. Current employees applying for a new position within the university may be subject to this requirement. The screenings will include a criminal background check and, as applicable for the position, other background checks, drug screen, employment and education or licensure/certification verification, physical examination, certain vaccinations and/or governmental registry checks. All offers are contingent upon successful completion of required screening.
The hiring range for this position is $60,801 - $79,092 annually.
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 interdisciplinary 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.