Associate Treasurer

The Associate Treasurer works closely with the Associate Vice President for Finance – Treasury in responsibly managing all aspects of cash management, external investments, commercial banking relationships, and debt portfolio management, while also supporting the University’s credit rating process and related external reporting needs. The incumbent will provide strategic treasury management and support to the Associate Vice President for Finance – Treasury, as well as to the Accounts Payables and Bursar offices.

This role ensures liquidity to sustain ongoing operations while mitigating risk to the University. In collaboration with the Associate VP for Finance – Treasury, the Associate Treasurer develops and manages financial policies for working capital, treasury operations, accounts receivable, card programs, and interest rate risk management. This position is responsible for preparing high-quality reporting materials for executive leadership and external agencies to effectively support all aspects of daily Treasury operations.

Close partnership with the Accounts Payable Director and the Director of Student Accounts to enhance Finance operations is essential. The Associate Treasurer monitors and ensures compliance with Federal and State regulations, demonstrating meticulous attention to detail, accuracy, trustworthiness, commitment, teamwork, and accountability. The incumbent ensures adherence to the University’s policies and Generally Accepted Accounting Practices (GAAP) under FASB.

• Oversee daily cash flow operations to ensure adequate liquidity for the university’s operational needs. Manage bank reconciliations and ensure the accuracy of cash records.
• Lead the development of cash flow and interest forecasts, manage borrowing needs, and assess available funds for investment to ensure adequate resources for the University’s operational and capital investment requirements.
• Analyze vendor payment terms to optimize cash balances.
• Monitor investment performance to support short-term liquidity and working capital needs.
• Collaborate with the Bursar office and General Accounting to oversee student receivables including analyzing aging schedules, improving collections, evaluating payment plan options, and supporting financial aid and student account management to strengthen cash flow and reduce outstanding balances.
• Collaborate with the AP office for wire payments and provide guidance post-implementation and ongoing support of the procure-to-pay system, to ensure proper documentation and accuracy for payments.
• Assist with the processing of third-party payments by working with AP office.
• Assist with the development and training of Accounts Payable staff, Administrators and Faculty on related treasury functions, fostering a culture of continuous improvement and professional growth.

• Support and report daily on ongoing transactional treasury functions with banking institutions and internal customers and provide advice on liquidity aspects of the University’s short- and long-range planning and budgeting.
• Collaborate with the Associate Vice President for Finance - Treasury to maintain the University’s financial soundness and oversight through relationships with financial institutions, agencies, advisors, and credit rating agencies.
• Expand the use of automated payment systems to minimize the number of checks generated, enhancing efficiency, and reducing costs.
• Review bank portal and user access and optimize technology to improve automation and reporting.
• Manage bank account structures, signatory controls, and bank fee analysis.

• Manage and monitor University compliance with bond covenants, debt payments, Federal and State reporting requirements, and internal controls, maintaining clear and accessible records of all Treasury materials.
• Coordinate the preparation of financial materials, presentations, and analyses for rating agency reviews.
• Coordinate with Facilities the Capital projects reporting and drawdown requests to NJEFA.
• Support long-term capital planning.
• Monitor private business use for…