Director, Treasury Operations
Apply NowCompany: Illinois Institute of Technology
Location: Chicago, IL 60629
Description:
Position Details
Position Information
Position Title
Director, Treasury Operations
Requisition #
S01420P
FLSA
Exempt
Location
IIT-Mies Campus (MC), 10 West 35th St., Chicago
Department
Finance and CFO Office
GENERAL DESCRIPTION
Directs, plans, and oversees treasury operations and debt management. Responsible for cash management for the university including cash flow, planning and reporting, forecasting and monitoring, and tracking projections versus actual variance. In addition, this position is responsible for debt management including debt issuance and adhering to debt compliance and reporting. This position will provide supervision and direction for the banking functions, and coordinate the debt compliance and related submissions.
The salary range for this role is $105,000 - $125,000 and is commensurate with experience.
COMMUNICATIONS
Communicate effectively within the Controller's Office as well as other departments, external parties, banks, investment managers and auditors.
CUSTOMER SERVICE
Provides guidelines to office staff and answer other departments inquiries, investigate and resolve their issues.
Special Schedule Requirements
EEOC Statement
Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.
Qualifications
Education & Experience
Bachelor's Degree in Business, Accounting or Finance, Public Administration or related field is required. Graduate degree preferred. Minimum five years management experience treasury operations
Knowledge & Skills
Extensive experience with financial reports and cash flow projections regarding funds, securities, investments, debt management, rating agency presentations etc. Extensive experience in the operations, policies, procedures, and best practices involved in cash management and investment operations. Detailed knowledge of treasury operations, cash management, and bank services and operations. Technical experience in the use of financial software to develop and maintain financial models and automated financial reports is required. Must be proficient in Microsoft Office programs including Excel, Outlook, Word, and PowerPoint. Demonstrated proficiency in troubleshooting the above programs. Experience with Ellucian Banner and Cognos report writer preferred. Demonstrated analytical ability. Requires the ability to work independently with minimal supervision and to maintain positive working relationships with other employees. This includes the ability to independently seek out, research, and learn new skills related to the technical use of financial software tools. Requires strong attention to detail, especially in data validation and accuracy, process documentation, and report preparation and formatting. Requires a high level of integrity and honesty, including a demonstrated maturity to responsibility handle sensitive and confidential information. Excellent writing and oral communication skills are required, including the preparation of reports and materials for senior leadership and board committees. Supervisory skills and ability to plan and direct a complex financial environment.
SUPERVISION & BUDGET AUTHORITY
Staff Accountant Financial Analyst
Physical Environment and Requirements
From time to time this position may require additional work effort during evenings and/or weekends as major deadlines approach. Usually these periods are less than a week induration and occur only a few times per year. Traveling to other buildings as well as occasional travel to other IIT campuses (downtown Chicago, IFSH Moffett campus, or Wheaton, IL) or other locations may be required.
Certifications and Licenses
List any certifications or licenses that are either required or helpful in performing the job, designating whether required or preferred.
N/A
Key Responsibilities
Key Responsibility
Manages and directs the Cash Management activities for the university. Responsible for the daily, monthly and annual creation of Cash Management reports and analysis for the Chief Financial Officer. Provides technical expertise and guidance to staff in resolving complex cash flow projection and analysis problems.
Percentage Of Time
30
Key Responsibility
Monitor payroll clearing account reconciliation; makes sure taxes, pensions and other benefit payments are paid correctly and timely, including unemployment and workers compensation. Ensure all wire transfers are processed timely and accurately.
Percentage Of Time
25
Key Responsibility
Manages the debt portfolio. Ensures university line of credit is maintained within university policy and post issuance debt compliance requirements are adhered to and submitted timely. Facilitates new debt issuances, as needed, including document preparation, rating agency and investor presentations, pricings and closings.
Percentage Of Time
15
Key Responsibility
Recommends and implements investment and debt policies, procedures, and process improvements that are program compliant and represent best practices in treasury operations. Provides project management support for treasury and senior management including assisting in establishing project scope, objectives, priorities, and schedules.
Percentage Of Time
10
Key Responsibility
Provides general oversight on banking, underwriting, and financial advisor relationships including the preparation and review of proposals for new banking and financial advisory services, fees, and custodial agreements.
Percentage Of Time
5
Key Responsibility
Directs annual risk assessments of treasury and debt management operations, recommends options to reduce risk, and implements risk management process improvements.
Percentage Of Time
5
Key Responsibility
Assist with annual financial audit.
Percentage Of Time
5
Key Responsibility
Other duties as assigned.
Percentage Of Time
5
Posting Information
Work Hours
Monday - Friday, 8:30 a.m.-5:00 p.m.
Position Category
Full Time
Posting Date
12/19/2024
Closing Date
Posted Until Filled
Yes
Quicklink for Posting
https://iit7.peopleadmin.com/postings/10979
Position Information
Position Title
Director, Treasury Operations
Requisition #
S01420P
FLSA
Exempt
Location
IIT-Mies Campus (MC), 10 West 35th St., Chicago
Department
Finance and CFO Office
GENERAL DESCRIPTION
Directs, plans, and oversees treasury operations and debt management. Responsible for cash management for the university including cash flow, planning and reporting, forecasting and monitoring, and tracking projections versus actual variance. In addition, this position is responsible for debt management including debt issuance and adhering to debt compliance and reporting. This position will provide supervision and direction for the banking functions, and coordinate the debt compliance and related submissions.
The salary range for this role is $105,000 - $125,000 and is commensurate with experience.
COMMUNICATIONS
Communicate effectively within the Controller's Office as well as other departments, external parties, banks, investment managers and auditors.
CUSTOMER SERVICE
Provides guidelines to office staff and answer other departments inquiries, investigate and resolve their issues.
Special Schedule Requirements
EEOC Statement
Illinois Institute of Technology is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA employer dedicated to building a community of excellence, equity, inclusion and diversity. It is committed to fostering an inclusive environment and actively seeks applications from individuals of all backgrounds and identities regardless of race, color, sex, marital status, religion, national origin, disability, age, unfavorable discharge from the military, status as a protected veteran, sexual orientation including gender identity and expression, order of protection status, and/or genetic information. All qualified applicants will receive equal consideration for employment.
Qualifications
Education & Experience
Bachelor's Degree in Business, Accounting or Finance, Public Administration or related field is required. Graduate degree preferred. Minimum five years management experience treasury operations
Knowledge & Skills
Extensive experience with financial reports and cash flow projections regarding funds, securities, investments, debt management, rating agency presentations etc. Extensive experience in the operations, policies, procedures, and best practices involved in cash management and investment operations. Detailed knowledge of treasury operations, cash management, and bank services and operations. Technical experience in the use of financial software to develop and maintain financial models and automated financial reports is required. Must be proficient in Microsoft Office programs including Excel, Outlook, Word, and PowerPoint. Demonstrated proficiency in troubleshooting the above programs. Experience with Ellucian Banner and Cognos report writer preferred. Demonstrated analytical ability. Requires the ability to work independently with minimal supervision and to maintain positive working relationships with other employees. This includes the ability to independently seek out, research, and learn new skills related to the technical use of financial software tools. Requires strong attention to detail, especially in data validation and accuracy, process documentation, and report preparation and formatting. Requires a high level of integrity and honesty, including a demonstrated maturity to responsibility handle sensitive and confidential information. Excellent writing and oral communication skills are required, including the preparation of reports and materials for senior leadership and board committees. Supervisory skills and ability to plan and direct a complex financial environment.
SUPERVISION & BUDGET AUTHORITY
Staff Accountant Financial Analyst
Physical Environment and Requirements
From time to time this position may require additional work effort during evenings and/or weekends as major deadlines approach. Usually these periods are less than a week induration and occur only a few times per year. Traveling to other buildings as well as occasional travel to other IIT campuses (downtown Chicago, IFSH Moffett campus, or Wheaton, IL) or other locations may be required.
Certifications and Licenses
List any certifications or licenses that are either required or helpful in performing the job, designating whether required or preferred.
N/A
Key Responsibilities
Key Responsibility
Manages and directs the Cash Management activities for the university. Responsible for the daily, monthly and annual creation of Cash Management reports and analysis for the Chief Financial Officer. Provides technical expertise and guidance to staff in resolving complex cash flow projection and analysis problems.
Percentage Of Time
30
Key Responsibility
Monitor payroll clearing account reconciliation; makes sure taxes, pensions and other benefit payments are paid correctly and timely, including unemployment and workers compensation. Ensure all wire transfers are processed timely and accurately.
Percentage Of Time
25
Key Responsibility
Manages the debt portfolio. Ensures university line of credit is maintained within university policy and post issuance debt compliance requirements are adhered to and submitted timely. Facilitates new debt issuances, as needed, including document preparation, rating agency and investor presentations, pricings and closings.
Percentage Of Time
15
Key Responsibility
Recommends and implements investment and debt policies, procedures, and process improvements that are program compliant and represent best practices in treasury operations. Provides project management support for treasury and senior management including assisting in establishing project scope, objectives, priorities, and schedules.
Percentage Of Time
10
Key Responsibility
Provides general oversight on banking, underwriting, and financial advisor relationships including the preparation and review of proposals for new banking and financial advisory services, fees, and custodial agreements.
Percentage Of Time
5
Key Responsibility
Directs annual risk assessments of treasury and debt management operations, recommends options to reduce risk, and implements risk management process improvements.
Percentage Of Time
5
Key Responsibility
Assist with annual financial audit.
Percentage Of Time
5
Key Responsibility
Other duties as assigned.
Percentage Of Time
5
Posting Information
Work Hours
Monday - Friday, 8:30 a.m.-5:00 p.m.
Position Category
Full Time
Posting Date
12/19/2024
Closing Date
Posted Until Filled
Yes
Quicklink for Posting
https://iit7.peopleadmin.com/postings/10979