The University of Tennessee System - Treasurer

Employer
University of Tennesee
Location
Tennessee, United States
Salary
Salary Not specified
Posted date
Oct 18, 2021

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Position Type
Faculty Positions, Business & Management, Accounting & Finance, Education, Education Administration & Leadership
Employment Level
Executive
Employment Type
Full Time

The University of Tennessee System welcomes applications and nominations for University Treasurer. What an ideal time to be joining the University of Tennessee. President Randy Boyd is implementing a plan to “ignite the greatest decade in the history of the University of Tennessee”, see here. In 2019, across the UT System, total enrollment rose 1.5 percent to an all-time high of 51,582 across all campuses. UT is preparing the next generation through the combined force of education, research, and outreach.

The University Treasurer is an officer elected by the Board of Trustees and will provide the dynamic leadership required to support the UT system mission and to further the development and implementation of the strategic goals.  The Treasurer is responsible for all accounting, cash management, financial reporting, endowment investment reporting, financial audits and compliance, and other treasury functions. The Treasurer is also responsible for procurement services and risk management and is a member of the President’s financial leadership team.  The position also serves as the Treasurer for the University’s Research Foundation, which is a separate legal entity.


The Treasurer champions a culture of equity and belonging by providing leadership in an environment that actively promotes inclusion, diversity and engagement (IDE.) The successful candidate is also expected to contribute to the systemwide mission and fully embrace the systemwide Be One UT values.


The Treasurer will maintain processes and systems to determine daily cash position, forecast sources and uses of cash, manage debt obligations and lender relationships, manage fraud prevention functions, and ensure treasury activities are in compliance with University and State of Tennessee policies, develop and implement accounting guidelines, governance policies and internal controls. The Treasurer will assist in formulating investment policies including the establishment of risk parameters. Additionally, the Treasurer will be the financial leader and serve on a five-person executive committee leading the University’s new cloud-based Enterprise Resource (ERP) system.

 

The University of Tennessee is seeking candidates who possess a strong record of professional experience that demonstrates progressive responsibilities and significant senior-level management experience in a complex, distributed finance environment.  Candidates must be proven leaders demonstrating a minimum of 10 years of finance experience with at least 5 years in a significant leadership/management role. Progressive work history will ideally include a combination of skills and experiences that demonstrate a full understanding of complex higher education operations and organizations. The ideal candidate will have demonstrated knowledge of accounting and reporting issues, capital markets – both on the debt and equity sides, familiarity with internal revenue code, understanding of generally accepted accounting principles and personnel management. A bachelor’s degree in business, accounting, finance, or a related field is required. An active Certified Public Accountant (CPA) license and an MBA is strongly preferred.

The full position profile can be found here.

Koya Partners, the executive search firm that specializes in mission-driven search, has been exclusively retained for this engagement. Tom Phillips and Charlotte Harris are leading this search. To make recommendations or to express your interest in this role please visit this link. All nominations, inquiries, and discussions will be considered strictly confidential.

Compensation for this position will be competitive with comparable positions at peer institutions. The University offers a comprehensive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits and much more. Additionally, Tennessee residents do not pay a state income tax. For more information on the University of Tennessee’s benefits, we invite you to visit https://hr.tennessee.edu/benefits/.

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The University of Tennessee is an EEO/AA/Title VI/Title IX/Section 504/ADA/ADEA institution in the provision of its education and employment programs and services. All qualified applicants will receive equal consideration for employment without regard to race, color, national origin, religion, sex, pregnancy, marital status, sexual orientation, gender identity, age, physical or mental disability, or covered veteran status.

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