Sr. Director, Treasury Service

Overview The Senior Director of Treasury Services manages four distinct business processes. First, the Senior Director directs and leads the University's debt programs: both long-term and short-term, taxable and tax-exempt. This entails evaluating and enhancing the University's debt management business processes to ensure both efficiency of operations and appropriate stewardship. Second, the Senior Director leads the financial planning and analytics of the University's Capital Plan, a rolling capital plan which currently totals approximately $6.5 billion in planned spending over the upcoming 7-year period. The position requires independent, complex strategic analyses related to the funding and financing of the capital budget, within the context of overall institutional objectives and financial constraints, effectively articulating the results of those analyses to senior University executives. This entails evaluating and enhancing the business processes utilized in Capital Plan model to ensure both the efficiency of operations and the appropriate stewardship of University resources. Third, the Senior Director is responsible for leading the Integrated Financial Planning efforts of the University. The Integrated Financial Planning Tool is a "model of models" that brings together multiple models into a cohesive whole, so this individual must possess a deep understanding of the models and tools associated with the University's operating budget, capital budget, debt management framework, liquidity management framework, PRINCO models, and general ledger/financial statement methodologies. Finally, the Senior Director is responsible for the cash and liquidity management for the University, spanning from day-to-day cash management and reports to multi-year forecasts and reports in relationship to the University's endowment. This position directly manages three departments in the many daily activities that comprise the debt management, capital planning and integrated planning, and cash management. The Office of Finance & Treasury actively searches for staff members of exceptional ability and promise who share in Princeton University's commitment to excellence, and who present a wide range of viewpoints and cultures. We offer varied professional opportunities spanning all aspects of financial management, analysis, and processing in support of the teaching and research mission. As part of the University community, we respect the dignity and individuality of each member while trying to foster a sense of shared experience and common purpose. We are unwavering in our commitment to community and embrace the variety of talents, backgrounds, and perspectives of all of our colleagues. Responsibilities Provide leadership of a complex debt portfolio to plan and manage the University's debt programs Assume a leadership role in monitoring, evaluating and optimizing the University's $5.4 billion debt portfolio. Size and effectively manage University debt issuances (typically between $375 million to $1 billion+) based on timing needs and projected capital expenditure requirements in light of the University's debt capacity. Interact with investment banks, ratings agencies, the University's financial advisor, borrowers counsel, bond counsel, and the NJ Educational Facilities Authority (NJEFA) regarding debt issuances, refunding opportunities, continuing disclosure, resolution of issues, and any other topics related to the University's debt portfolio. Ensure the allocation of debt proceeds to individual projects agrees with the established funding plan. Continually monitor and adjust debt allocations among projects, as necessary, to ensure compliance with IRS regulations and University requirements, including private use restrictions, continuing disclosure and other post-issuance compliance requirements. Manage the University's bank lines of credit and commercial paper programs. Forecast and monitor debt proceed expenditure including monthly expenditure projections, commercial paper requirements, and bond drawdown projections, among others. These are critical inputs to the University's ongoing forecast of its liquidity position. Develop and implement business process changes, accounting procedures, and financial tools to improve the management and reporting of debt. Work with the University's financial advisor to continuously monitor and update the University's complex debt capacity model. Produce management reports (both financial and graphic) to convey the status of the debt program and to support recommendations. Represent the needs of the department to both internal and external constituencies for various special projects. Oversee financial management of the University's capital program, including enhancement and maintenance of the Capital Model The rolling Capital Plan model is the basis for formulating critical funding and financing decisions, particularly regarding usage of debt, equity, and gifts. Treasury Services recently made a significant investment to co-develop the rolling Capital Plan model in Oracle EPM with the Facilities Office of Finance and Administrative Services. Continually evaluate and enhance the Capital Plan model to streamline University business practices and ensure that the model is accurately and efficiently integrated with the University's Integrated Financial Planning tool and the debt capacity model. Integrate input from various Finance & Treasury and University departments including Treasury Services, Facilities, Real Estate, Advancement and the Operating Budget. Work proactively and effectively with both peer and senior staff across the University. Continually evaluate and enhance the capital plan to incorporate changing University business practices and external financial factors. Actively participate in regular meetings with senior institutional leadership, including notably the Executive Vice President, the VP for Finance and Treasurer, and the VP for Facilities. Articulate current status of the Capital Plan, including any issues, and strategize as to future directions. Oversee capital budget area staff, including opening and budgeting capital project grants in accordance with University policies; implementing funding decisions for capital projects, including debt; investigating and resolving issues arising from capital projects; among others. Oversee the administration of the University's Integrated Financial Planning Tool, a multi-year pro-forma financial statement and forecasting application. Develop scenario analyses, financial reports and other documents for the University's Board of Trustees and the Cabinet. Serve as the principal individual responsible for advancing the current level of organizational sophistication around integrated financial planning. Oversee maintenance and updates to the Oracle EPM Integrated Financial Planning (IFP) tool, a "model of models" that generates multi-year GAAP-basis proforma financial statements, which encapsulates the models and tools associated with the University's operating budget, capital budget, debt management systems, liquidity management systems, and endowment models. Use an analytical approach to evaluate data from the University's Integrated Financial Planning model from multiple constituents for reasonableness, accuracy, consistency, appropriateness of classifications, and variance reporting. Ensure that all financial considerations are accurate, complete, understood and communicated to key stakeholders in a timely fashion, and correctly reflected and reconciled in the Oracle EPM Integrated Financial Planning (IFP) tool. Critically review analytical outputs and inputs impacting IFP projections and understand the complex, nuanced interrelationships between the integrated models and systems and how these interactions inform and advise top-level University decisions. Develop data-driven management tools such as scorecards and dashboards, in support of key University initiatives and business processes, including a concise set of key performance indicators, metrics, and ratios associated with core university business functions and drivers. Create scenarios and cases within the IFP, developing tools to discretely and succinctly compare various business cases to one another in support of key University decisions. Format, design, and prepare ad-hoc complex financial reports for internal and external audiences, presenting University financial data and secondary information in a clear and compelling manner to meet the needs of a variety of audiences. Utilize advanced functions of spreadsheet, database, and presentation software applications. Develop strategies and forecasts related to cash and other sources of liquidity Supervise the Cash Management department including the Cash Manager and Cashier. Lead the development of cash and liquidity forecasts and reports and the development of multi-year projections in relationship to the university endowment. Develop strategic proposals to support the liquidity structure of the university and provide guidance on complex technical projects, business issues and operating investments. Oversee enhancements to the University's transactional treasury processes, banking portal and related processes and systems, driving automation, where possible, with respect to posting and reconciliation of bank transactions to the ERP, centralized invoicing, cash reporting and forecasting, check scanning, etc. Develop financial reports and other documents for the University's Board of Trustees Serve as the principal University individual responsible for developing data-driven management dashboards for the Trustees, in support of key University initiatives and business processes, including a concise set of key performance indicators, metrics, drivers, and ratios associated with debt management, the capital plan, and cash/liquidity. Work with the AVP for Treasury Services and the Vice President for Finance and Treasurer to regularly format, design, and prepare Trustee materials for the Committee on Finance. Collaborate with operating units to realize processing efficiencies and business continuity Promote an environment of collaboration, transparency, approachability, and support between this office and the business leads responsible for the University's capital budget, debt management, Integrated Planning, and liquidity management. Maintain strong relationships with University business leads in order to identify and pursue collaboration opportunities and to optimize organizational effectiveness. Collaborate with the Provost's Office, the Controller's Office, Finance Technology, Facilities, PRINCO, Integrated Planning, and others to ensure that modeling inputs under your purview (e.g. the Capital Model, various debt models, and liquidity models) are continuously in sync with the Integrated Financial Planning tool, PRINCO models, and related systems. Pursue opportunities to automate these inputs, where practicable. Leverage project management skills to ensure timeliness of deliverables, managing and ensuring observance of established timelines and due dates. Consistently anticipate the needs of business partners, "connecting dots" and communicating potential solutions to emerging issues. Qualifications Essential Qualifications: Bachelor's degree required, in a field such as Finance, Economics, Math, or other technical area of concentration(s). Ten+ years of related experience in financial planning, treasury operations, debt management, capital budgeting, integrated planning, and cash management. Ten+ years of leading teams, with direct employee supervisory responsibility. Advanced to expert knowledge of Microsoft Excel. Advanced to expert knowledge of Oracle EPM or similar FP&A planning and forecasting systems (Axiom, Anaplan, Workday Adaptive Planning, etc.). Experience in building and maintaining FP&A models in such a system. Broad understanding of information technologies and their applications, including financial and policy implications within a large organizational setting. Expert knowledge of financial modeling and data analytics. Deep understanding of GAAP accounting and forecasting, operating budget models, multi-year capital budget models, facilities/cap-ex forecasting models, endowment earnings/payout forecasts and models, cash flow forecasts, tuition and enrollment forecasts, and the overall interrelationships between these disparate models on the institution's overall financial position. Deep capital market experience as either an issuer of bonds or an investment banking/financial advisory professional. Preferred Qualifications: Advanced degree preferred, MBA in Finance, M.S. in Finance, and/or a CPA charterholder. Princeton University is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. Standard Weekly Hours 36.25 Eligible for Overtime No Benefits Eligible Yes Probationary Period 180 days Essential Services Personnel (see policy for detail) No Physical Capacity Exam Required No Valid Driver's License Required No Experience Level Director #LI-SB1 #J-18808-Ljbffr

Created: 2025-03-08