Associate Vice President of Finance & Assistant Treasurer

Job Summary

Partners with CFO to set the Foundation’s financial policy and direction while also being an active participant in, and driver of, the overall financial strategy. Leads and oversees fiscal and fiduciary responsibilities involving financial operations, financial reporting and staffing for the Finance Division.

include the following. Other duties may be assigned.

• Serves as a corporate officer in the role of Assistant Treasurer and represents the CFO & Treasurer during periods of absence
• Manages the core functional areas of financial accounting and reporting, endowment management and budget reporting
• Ensures that finance staff maintains financial record systems to assure fiscal integrity at the transaction level and reporting level. Assures compliance with fiduciary duties of all funds
• Oversees the preparation of all financial reporting materials including monthly financial statements prepared in accordance with GAAP, complete with variance analysis and dash‑board analysis of the major reporting risk areas
• Oversees preparation of monthly budget reports and ensures timely distribution to management. Analyzes budget reports to identify and recommend means of improved operational efficiency through enhanced revenue sources and cost reductions
• Coordinates audit activities and ensures timely completion of the annual financial statement audit in accordance with GAAP
• Monitors emerging issues in financial accounting and reporting (GAAP). Evaluates impact of new accounting pronouncements and positions the Foundation to ensure compliance
• Participates in Big 12/10 UFFO group focusing on accounting / business issues related to University Foundations
• Manages Foundation’s unitized investment pool and ensures integrity of the comprehensive process of crediting gifts, allocating earnings, assessing fees, and distributing annual spend for all endowed funds
• Manages investment spending policy. Oversees spend calculation process and reporting including quarterly pro forma spend projections. Monitors current events and identifies industry trends and emerging issues
• Manages operating liquidity. Develops a reliable cash flow projection process and implements strategies to maintain appropriate liquidity and enhance cash positions within the non-endowed portfolio. Explores strategic opportunities to maximize earnings and balance liquidity requirements
• Optimizes banking relationships. Evaluates and deploys new bank products and solutions into existing systems as warranted
• Oversees comprehensive regulatory compliance functions including preparation and filing of corporate tax return (990 & 990T, multiple state income tax filings), statutory filings related to gift annuities, CRUT’s and CRAT’s, and compliance with state fundraising registration requirements for multiple states
• Engages other members of the Foundation’s senior management team from Development, Investments and Advancement Solutions to facilitate effective collaboration of financial strategies
• Promotes a culture of continuous improvement within all functional areas to ensure ongoing best practice and quality control
• Mentors and develops the finance team including but not limited to general accounting / tax, endowment management, financial reporting, budget, and Fund Management and builds an effective team dynamic. Manages work allocation, training, problem resolution and performance evaluation within each functional area. Facilitates opportunities for the career development of all team members
• Provides support and delivers complex financial presentations at the quarterly meetings of the Board of Directors. Participates in meetings of the Finance & Administration Committee and Audit Committees of the Board
• Reviews and approves payroll from a finance perspective and manages labor distribution and fringe benefit pool

B.S. degree with a minimum of 10 years of related senior level financial experience and/or training; CPA or CPA candidate preferred. Advanced degree and other relevant professional certifications desired.

Ability to read, analyze,…