Treasury Manager

Responsibilities:

General Functions:

• Manages the forecasting of operating cash and short-term investments, collaborating with various university departments such as Accounting, FP&A, Enrollment/Bursar, etc.
• Monitors the cash and liquidity position of the university, which includes completing attribution and statistical analyses.
• Ensures adequate operating liquidity, which includes daily review of cash management and short-term investment activity; review and monitoring of Payroll, A/P, ACH payments, and wire transfers; Leads treasury management system initiatives and subsequent evaluation and integration of treasury software with other internal systems and spreadsheets.
• Develops comprehensive cash flow reports for senior management, providing visibility into the university’s liquidity and assisting in forecasting and decision-making processes.•
• Supports the Chief Investment Officer and endowment team with trade support, fund transfers, onboarding new managers, and reporting
• Maintains University bank accounts, receipt, and disbursement services for secure and efficient operations. Manages the university’s merchant/credit card processing operation including annual PCI compliance.
• Establishes and maintains all treasury policies and controls specifically cash management, bank accounts and electronic banking, short-term investment policy, debt compliance, and credit card/merchant processing compliance.
• Manages the reporting process, including, but not limited to market valuation and performance of short-term investments, credit facility usage, rating agencies data requests and reports, and credit instrument (i.e., letters of credit) reporting.

Other Functions:

• Assists as needed for special projects, analysis, and other departmental needs.
• Works closely with AR/AP managers to create weekly dashboards and reports related to Key Performance Indicators (KPIs) that affect cash/liquidity and working capital
• Assists the CFO to ensure the university is compliant with its loan agreements and debt covenants, and ensures timely and accurate compliance reporting to banks, rating agencies, and regulators as required.
• Provides recommendations to the CFO and Accounts on the direction of Treasury/Cash Operations/Management initiatives at the University, ensuring Wigwe University stays current with industry standards and operates efficiently.• Assists the CFO with capital markets and FX activities, corporate credit card program, corporate travel, borrowing requirements, and debt management
• Establishes and maintains controls to ensure corporate cash management and short-term investment guidelines are followed by schools, departments, and business units

Reporting and Documentation:

• Support in the preparation of periodic reports of receipts and technical information to the university community and to external funding agencies.
• Prepare and deliver adequate financial statements and reports of the University such as balance sheet, statement of activities (income statement), and cash flow statement monthly quarterly, and when needed
• Provide status of the financial condition of Wigwe University by collecting, interpreting, and reporting financial data and presenting it to the CFO.
• Prepares special reports by collecting, analyzing, and summarizing information and trends.
  

Requirements:

• A Master's Degree in Finance/Accounting or related (essential)
• International Accounting Standards Board (IASB) accreditation (essential)
• ICAN, and CPA or ACCA license (essential).
• Minimum of 5-9 years of work experience with 5 years in treasury operations Finance Manager (essential).
• Thorough understanding of Generally Accepted Accounting Principles (GAAP).
• Analytical thinker with strong conceptual and problem-solving skills.
• Meticulous attention to detail with superb organizational skills
• Demonstrated knowledge of investment portfolio management
• Demonstrated knowledge of insurance policy maintenance and research as required
• Knowledge of the specialized software used by Universities would be an asset, SAP and Financial planning software
• Service-oriented perspective with internal and external clients