Sr. Director, Treasury Service (Princeton)

Sr. Director, Treasury Service

US-NJ-Princeton

Job ID: 2025-20580
Type: Full-Time
# of Openings: 1
Category: Financial Services and Procurement

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.
• 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.
• 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.
• 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.
• 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:

• Serve as the principal individual responsible for advancing the current level of organizational sophistication around integrated financial planning.
• Ensure that all financial considerations are accurate, complete, understood and communicated to key stakeholders in a timely fashion.
• Develop data-driven management tools such as scorecards and dashboards, in support of key University initiatives and business processes.
• 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.

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.
• Oversee enhancements to the University's transactional treasury processes, banking portal and related processes and systems.

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.
• 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.
• Leverage project management skills to ensure timeliness of deliverables, managing and ensuring observance of established timelines and due dates.

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 FPA planning and forecasting systems.
• 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 employm