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Vice President, Finance and Treasurer
The George Washington University
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Vice President, Finance and Treasurer

The George Washington University

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Details
Posted:
February 13, 2019
Location:
Washington, D.C.
Salary:
Commensurate with Experience
Type:
Full Time - Experienced
Required Education:
Bachelors or equivalent

ORGANIZATIONAL BACKGROUND

In the heart of the nation’s capital with additional programs in Virginia, the George Washington University (GW) was created by an Act of Congress in 1821. Today, GW is the largest institution of higher education in the District of Columbia. The University offers comprehensive programs of undergraduate and graduate liberal arts study, as well as degree programs in medicine, public health, law, engineering, education, business and international affairs. Each year, GW enrolls a diverse population of undergraduate, graduate and professional students. As one of the largest private employers in the District of Columbia, the University seeks employees who support the teaching, research, and public service mission of the University.

DESCRIPTION

Reporting to the Executive Vice President & CFO, the Vice President (VP), Finance and Treasurer is responsible for managing and directing all banking relations, invested operating and endowment funds, and financial reporting for cash, investments, and bonds, while mitigating fiscal risk to the University. As part of managing the liquidity needs of the University, the VP, Finance and Treasurer also oversees the operations for accounts payable and receivable, including student accounts. The VP monitors investment approaches to maintain a healthy cash position while ensuring timely debt service payments and providing liquidity for operations. The VP manages and directs the debt portfolio and advises on strategy for debt issuance and financing instruments. The VP also oversees the risk management function for the University.

Specifically, areas of responsibility will include:
• Oversees the corporate banking, credit, and investment functions;
• Arranges for equity and debt financing, and invests funds;
• Ensures the availability of sufficient funds to satisfy operational and capital investment and debt obligations for the University;
• Ensures timely, accurate, forecasts of University’s cash flow positions, related borrowing needs, and funds available for investment;
• Advises leadership on the liquidity aspects of its short- and long-range planning;
• Proposes and monitors investment strategies to increase the University’s long-term financial stability;
• Maintains a system of policies and procedures that impose an adequate level of control over treasury activities;
• Ensures investment strategies conform with the University’s policies and procedures; 
• Manages available funds and make recommendations for investment consistent with these strategies;
• Anticipates and recommends financing to address borrowing needs;
• Manages the accounting and audit documentation related to the University’s outstanding financial obligations;
• Ensures coordination of endowment investment activities; 
• Monitors the activities of third parties handling outsourced treasury and/or endowment functions on behalf of the University; 
• Uses hedging to mitigate financial risks related to the interest rates on the University’s borrowings, as well as on its foreign exchange positions;
• Ensures compliance of University credit card processing with University, state, and federal policies and regulations;
• Assesses investment and institutional risk pertaining to the University’s operating funds and finance partners;
• Maintains effective banking and credit rating agency relationships, specifically, liaise with bond rating agencies and provide information as necessary for reviews of the University’s credit rating; 
• Oversees the operations of accounts payable and receivable promoting best practices and ensuring compliance with appropriate regulations and standards;
• Directs the risk management activities of the University, including development of methodologies to identify and analyze the financial impact of potential and real losses to the organization and balance with appropriate commercial insurance;
• Assists in the review of major contracts, proposed facilities, and/or new program activities for safety, loss, and insurance implications;
• In cooperation with General Counsel, maintains control over the claims process to assure that claims are being settled fairly, consistently, and in the best interest of the University;
• May lead, monitor, and oversee various University initiatives and strategic projects as they relate to the treasury function;
• Engages in policy discussions, institutional development, and strategic planning with various board members and University leadership; and
• Adheres to University and unit-level policies and procedures and safeguards University assets.

This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities as deemed necessary.

Minimum Qualifications:

Qualified candidates will hold a Bachelor’s degree in an appropriate area of specialization plus 10 years of relevant professional experience, or, a Master’s degree in a relevant area of study plus 8 years of relevant professional experience. Relevant experience must include at least 4 years of senior leadership/executive level experience. Degree must be conferred by the start date of the position. Degree requirements may be substituted with an equivalent combination of education, training and experience.

Preferred Qualifications: 

Undergraduate degree required; Graduate degree preferred. 
CPA or Certified Treasury Professional is preferred.
The ideal candidate is a proven leader with a demonstrated track record of integrity and success in prior roles with the ability to apply sound judgement.

Other requirements include:
• Knowledge of the aspects of cash management and forecasting in an institution of higher education; 
• Knowledge of debt issuance and financing; 
• Knowledge of and successful application of best practices for accounts payable and receivable operations;
• Proficiency with financial software systems;
• Proven working knowledge of banking industry rules and regulations;
• Knowledge of federal and state laws, rules, and regulations that affect a multi-faceted institution of higher education; and 
• Communication and interpersonal skills with the ability to work collegially with all levels of the organization toward common objectives.

PERSONAL CHARACTERISTICS

This position requires an individual with the following characteristics:
• Commitment to GW’s values;
• Intellectual, professional and a person of integrity;
• Honest, with the highest ethical standards;
• Passionate, collaborative, strategic, and smart with a hands-on, roll-up-the-sleeves orientation;
• Ability to work independently. Self-starter; hard worker. Takes initiative; very high energy;
• Personally accountable. Assumes ownership, control and accountability for all areas of responsibility and commitments made to others;
• Sincere, open, and direct communicator. Puts organizational interests above self- interests and is comfortable expressing candid opinions;
• Highest levels of responsiveness;
• Combination of strong intellect that is combined with a practical and realistic common sense understanding of how to get things done;
• Ability to demonstrate initiative, a strong desire to succeed and exert the extraordinary effort often required;
• Ability to work in a fast-paced, high growth, entrepreneurial environment;
• Ability to work with faculty and staff in a respectful way;
• Establish trust and credibility with institutional leadership and across the University;
• Seeks “win-win” solutions to help foster continued integration and collaboration;
• Flexible and receptive to change; and
• A positive “can-do” attitude.

ADDITIONAL KNOWLEDGE, SKILLS, AND ATTITUDE

• Sensitivity for and understanding of academic disciplines and issues;
• Ability to work with faculty, staff, and professionals in multiple settings and locations and to promote diversity in the workplace;
• Appreciation for the data that will be required to make meaningful management decisions;
• Comfort with loose, matrix organizational structures; and
• Recognition that being effective and results oriented is paramount.

Apply to:  http://www.gwu.jobs/postings/65407

The university is an Equal Employment Opportunity/Affirmative Action employer that does not unlawfully discriminate in any of its programs or activities on the basis of race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity or expression, or on any other basis prohibited by applicable law.

Internal Number: S007983
About The George Washington University
The George Washington University, an independent academic institution chartered by the Congress of the United States in 1821, dedicates itself to furthering human well-being. The University values a dynamic, student-focused community stimulated by cultural and intellectual diversity and built upon a foundation of integrity, creativity, and openness to the exploration of new ideas. The George Washington University, centered in the national and international crossroads of Washington, D.C., commits itself to excellence in the creation, dissemination, and application of knowledge. To promote the process of lifelong learning from both global and integrative perspectives, the University provides a stimulating intellectual environment for its diverse students and faculty. By fostering excellence in teaching, the University offers outstanding learning experiences for full-time and part-time students in undergraduate, graduate, and professional programs in Washington, D.C., the nation, and abroad. As a center for intellectual inquiry and research, the University emphasizes the linkage between basic and applied scholarship, insisting that the practical be grounded in knowledge and theo...ry. The University acts as a catalyst for creativity in the arts, the sciences, and professions by encouraging interaction among its students, faculty, staff, alumni, and the communities it serves. The George Washington University draws upon the rich array of resources from the National Capital Area to enhance its educational endeavors. In return, the University, through its students, faculty, staff, and alumni, contributes talent and knowledge to improve the quality of life in metropolitan Washington, D.C. The university is an Equal Employment Opportunity/Affirmative Action employer that does not unlawfully discriminate in any of its programs or activities on the basis of race, color, religion, sex, national origin, age, disability, veteran status, sexual orientation, gender identity or expression, or on any other basis prohibited by applicable law.
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