The Treasurer's Office reports to the Board of Regents and the Vice President for Budget and Finance, and is responsible for overall cash, debt, and investment management, and is co-fiduciary for CU’s retirement plans. Under the leadership of the Treasurer, the office performs the reconciliation and accounting for cash and investments of the operating treasury pool of $3+ Billion as well as other insurance trusts, treasury managed endowments, component units, and system debt of $1.8 Billion. Treasury manages campus banking services and merchant credit card accounts and manages compliance with data security for credit cards. Treasury also manages a system-wide faculty housing assistance program (FHAP).
The following positions are direct reports:
- Associate Treasurer and Assistant VP, Liability Management Assistant Treasurer, Operations Assistant Treasurer, Banking and Treasury Services Manager Deputy Chief Investment Officer Treasury Cash Manager Executive Assistant
Representative General and Leadership responsibilities include:
- Maintains knowledge about reporting requirements for Regents, Federal, State, and other university organizations, particularly with respect to banking, cash, investments and debt; Reports quarterly to the Board of Regents regarding cash, investments, banking and debt; Ensures that Governmental Accounting Standards Board (GASB) is followed when recording financial transactions and in annual audit for debt and investment reporting; Represents the University to campus CFOs, Chancellors, Controllers, the higher education community, State legislation and treasury trade associations; Develops policies, procedures, operational controls and standards for all operational areas in Treasury; Serve as an active member of committees, internal Boards, or operational component units; and, Works on about 14 cross campus committees as assigned.
Representative Chief Investment Officer responsibilities include
- Creates, monitors, and ensures continuing compliance with the investment procedures and governing policies of the Board, state statutes, and federal and state fiduciary rules for the Treasury pool investment assets of $3+ Billion and for the debt related investments, 12 or more endowments, insurance trusts, and component units of non-pool investment assets of $900 Million; Actively invests operating funds, insurance trusts, endowments, bond proceeds, and rebalances portfolios as needed and to review the performance of investment managers and fees, seek outside expertise, and to replace existing investment managers as needed in coordination with the Deputy Chief Investment Officer; Works with the system CFO and Senior Budget Officer to develop an annual investment returns distribution budget in consultation with Treasury staff, outside investment consultants, and the Investment Advisory Committee; Supervises and works with the Treasury Cash Manager to forecast and manage cash to support system-wide operations and optimally invest cash for liquidity needs, risk mitigation, and returns; Serves as co-fiduciary with an outside investment consultant for CU’s multiple internally managed retirement plans (401a, 403b, and SERP) totaling over $5 Billion in assets; Advises on the investment options for these retirement plans and continually monitors all aspects of investment manager performance;
Representative Debt Management Duties include:
- Works actively with the Board to present all debt financing refunding or new debt issuances and to obtain Board approval; Supervises accounting for new debt and debt refunding issuances, including variable fixed and variable rate bonds, Commercial Paper (CP) and Variable Rate Demand Bonds (VRDB) accounting, and allocations of debt administrative costs to ensure accurate and timely reporting of debt balances and debt transactions in coordination with the campus controllers offices; Oversees the administration of campus internal loans including seeking Board approval, determines appropriate interest rates for internal loans, and provides Board reports quarterly on their status; Maintains working relationships with external financial advisor, underwriters, bankers, rating agencies, bond, disclosure, and underwriters’ counsels, arbitrage rebate advisors, bank trustees, paying agents, and investment bidding agents;
Representative Banking Responsibilities include
- Serves as a fiduciary of state funds with overall responsibility to establish and maintain a cost-effective banking relationship to ensure that the University’s cash assets are protected; Oversees all banking authorizations (55+ bank accounts) and controls within the CU system; Oversees credit card system implementations and credit card security; Implements with Assistant Treasurer, Banking and Treasury Services Manager leading bank practices to prevent fraud, drive operational efficiency and to ensure compliance with state, federal, and Regent policies; Reviews and make decisions regarding technology solutions (Touchnet, Cvent, Nelnet, Clover, etc. for example) for the Treasury Office to support banking, cash management, investment accounting, and other treasury functions; and, Documents Treasury Office functions/processes in all operational areas of treasury with support from the Assistant Treasurer, Operations.
Minimum Candidate Qualifications Required
• Bachelor’s degree from an accredited institution of higher education in finance, accounting, or business-related discipline or equivalent professional experience (professional experience may be substituted for the educational requirement on a year-for-year basis).
• Thirteen (13) years of experience in treasury functions, with minimum assets and debt of $300 Million to $1 Billion respectively.
• At least 7 years of personnel management, supervisory, or leadership role, which includes: – Managing personnel, developing/mentoring direct reports, and completing performance reviews to ensure continuous improvement, high performance, and employee retention
• Certified Public Accountant (CPA) or equivalent (3-5 years) accounting experience
• Certified Treasury Professional (CTP) or equivalent treasury experience
Preferred Candidate Qualifications
• Post-baccalaureate degree from an accredited institution of higher education in finance, accounting, business administration, or related discipline
• Sixteen (16) years’ professional experience working in treasury functions, as indicated above
• Ten (10) years’ experience in management, supervisory, or leadership role, as indicated above
• Experience working in or with government or an institution of higher education
• Experience working in a public sector treasury
• Experience working with a Board of Governors, Regents, or Directors
• Previous experience as fiduciary responsible for managing investments
The above duties are representative of the role. For a more detailed job description, please request it from DHR Global, the search firm developing candidates. Request it via email at email@example.com.
The University of Colorado encourages any and all individuals with relevant experience to apply for the position.