Posted in Accounting 17 days ago.
Type: Full-Time
(Please use external application link to review full length job description)
Another Source’s client, University Shared Services Enterprise (USSE), hosted by Oregon State University, is recruiting a Treasury Manager to join their team. This is a primarily remote position that will require the flexibility to come to campus periodically as needed.
Here’s a little about USSE and the position they are recruiting for:
The University Shared Services Enterprise (USSE) provides shared finance and administration services to the seven public universities in the state of Oregon.
The Treasury Management Services division of the USSE provides oversight, coordination, accounting, and compliance support for a variety of treasury functions for university clients. Service offerings include cash management, debt management, and investment management in cooperation with the Oregon State Treasury or other financial service firms engaged by university clients.
Oregon State University is host to the USSE and Treasury Management Services (TMS) group.
About the role:
This position provides leadership in the management of TMS; plans, organizes, directs and is accountable for all aspects of assigned TMS services.
What you will be doing:
30% Administration of University Client’s Borrowing Programs:
Review and monitor the spending of bond money to ensure use of bond funds complies with all applicable regulations; reviews and analyzes cash flow forecasts.
Prepare financial data, debt service or loan payment forecasts, bond forecasts and cash flows.
Provide recommendations that align debt service for new projects to the correct funding source.
Confirm all borrowing activity is in accordance with university polices.
Serve as a knowledgeable resource for use of debt management software.
Confirm all covenants and restrictions are met at all times and work with the State and university clients to ensure that all required reports are filed promptly.
Support the monitoring of private use by facilities constructed with bond proceeds to assure that IRS private activity limitations are not violated. Coordinate university change in use request with the State Treasury and Department of Administrative Services to receive a timely decision on approval or denial of the request. Provide necessary information to support stakeholders informed decision regarding the change is use.
Confirm bond proceeds are spent in accordance with IRS “Reimbursement Bond” guidelines.
20% Administration of University Client’s Investment Management Programs:
Administer the PUF unit value system based upon market values of the fund.
Communicate with the Oregon State Treasury regarding future cash needs and valuation questions.
Conduct fiscal analysis on investment income received, investment proceeds received, and asset value fluctuations in the PUF.
Using GAAP, prepare or review the recording of investment income received and other investment activity including purchases, sales, market valuation adjustments, fees, amortization of premiums/discounts, etc.
Analyze the investment earnings pool, analyze fund balances (numbering in the thousands), compute average fund balances, and distribute the investment earnings pool to participating universities.
Administer the endowment fund unit value system based on market values of endowment
15% Administration of University Client’s Cash Management Program:
Assist/counsel university clients on best practices to ensure that all bank accounts are appropriately controlled, safeguarded, and reconciled; provide guidance to staff that reconcile bank accounts.
Develop and maintain policies that pertain to bank account controls and reconciliation.
Analyze the cash needs of the PUF participants and ensure adequate cash is available to meet those needs in a timely manner.
15% Financial Reporting:
Prepare/review annual cash, investment, and debt summaries for participating universities use in their financial statements and external audits.
Prepare/review schedules of investment and debt activity for the annual financial statements including notes to the financial statements for participating universities.
Develop and implement new procedures to provide additional and/or more efficient monitoring and reporting methods in response to changing reporting requirements, accounting standards, systems, etc.
10% Treasury Operations:
Serve as the central resource for Treasury-related questions and resolve issues.
(may be procedural or security-related) promptly and professionally.
Monitor bank balances for adequacy and cash accounting balance for compliance, recommending action as needed.
Establish and maintain effective working relationships with staff in the business offices of participating universities.
10% Other:
Monitor, research, and apply laws, rules and authoritative pronouncements (NACHA, GAAP, IRS rules, state or other applicable laws).
Assist in the development and updating of university client policies related to investments and debt.
Perform complex fiscal analyses to evaluate proposed initiatives.
Provide supporting documentation related to investment and debt activities and communicate with university client’s external auditors, upon request.
Other duties or projects as assigned.
What we would like to see from you:
Bachelor’s degree in accounting, finance, business, or related field
A minimum of 8 years of treasury management/debt management experience in any industry.
Demonstrable knowledge and expertise of the key principles of financial management, including forecasting and analysis, with ability to communicate financial data to non-financial individuals.
Ability to document and present information and ideas clearly and effectively.
Ability to communicate at a professional level, both orally and in writing, and with people at all levels.
Strong organizational skills and attention to detail.
Proficient with accounting and information management software, including MS Excel.
What’s in it for you:
Please use external application link to read full length job description.
The anticipated budgeted salary is $90,000 – $110,000 DOE.
Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us.
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