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ASST TREASURER
Job Title: ASST TREASURER
Job Code: 1858
FLSA: E
Job Level: 98
Revised Date: 06/30/2024
Job Family: JF 28
Occupational Summary
The Treasury and Cash Management (TCM) division serves both the University and Duke University Health System (DUHS). The Assistant Treasurer will lead three critical departments within the TCM division- Treasury Operations, Corporate Cash Management (CCM), and Endowment Administration. The Assistant Treasurer provides technical, analytical, and strategic leadership to these departments and reports to the Associate Vice President and Associate Treasurer while working closely with other key administrative, accounting, and financial personnel in the University and DUHS, as well as external consultants and service providers.
Work Performed
Provide leadership to all aspects of Treasury Operations, CCM, and Endowment Administration through the supervision and guidance of the professional personnel included in those departments.
Deliver strategic guidance for University working capital including the Cash Management Fund (CMF) and Debt Management Fund (DMF) totaling more than $4 billion. Responsible for understanding and modeling short-term and long-term capital needs and collaborate with DUMAC to ensure the investment strategy for working capital is appropriate and balances both performance and risk. Partner with senior leadership to understand and recommend the distribution of any excess working capital to satisfy strategic needs.
Manage the tactical direction of the university debt portfolio including all taxable and tax-exempt bonds and commercial paper programs including any new issuances, refunding, or program enhancements.
Oversee the complex interdependencies of the banking system and the depository requirements necessary for efficient management of the cash flow for the University.
Assist the Associate VP and Associate Treasurer with negotiation of banking or debt instruments, including letters of credit, bank guarantees, private placement debt derivatives transactions, etc.
Oversee endowment administration including endowment spending, reinvestment levels, and other financial considerations impacting Long Term Pool management, such as additions, distributions, liquidity challenges and/or internal taxes.
Develop, maintain and report treasury specific metrics to ensure treasury is aligned with the larger strategic goals of the University.
Lead and foster external working relationships with bankers, underwriters, rating agencies, consultants, bond trustees, and external counsel.
Collaborate with the Associate VP and Associate Treasurer to develop and present treasury specific materials to university leaders across campus.
Identify, recommend, and implement potential treasury technology solutions to ensure divisional advancement and efficiency
Supervise personnel functions including, but not limited to, hiring, performance evaluations, scheduling, training, and other personnel matters
Performance of other related duties incidental to the job described herein.
Required Qualifications at this Level
Education/Training
Work requires knowledge of generally accepted accounting principles typically acquired through a bachelor's degree in Accounting, or other business-related field. A Certified Treasury Professional (CTP) or Certified Public Accountant (CPA) designation is preferred. Experience with SAP preferred.
Experience
Work generally requires a minimum of 15 years accounting, audit in public accounting environment, or related experience to acquire competence in analyzing and reconciling complex financial accounts and related information, applying general accounting principles and preparing financial reports. OR AN EQUIVALENT COMBINATION OF RELEVANT EDUCATION AND/OR EXPERIENCE
Skills
N/A
The intent of this job description is to provide a representative and level of the types of duties and responsibilities that will be required of positions given this title and shall not be construed as a declaration of the total of the specific duties and responsibilities of any particular position. Employees may be directed to perform job-related tasks other than those specifically presented in this description.
Duke University is an Affirmative Action/Equal Opportunity Employer committed to providing employment opportunity without regard to an individual's age, color, disability, gender, gender expression, gender identity, genetic information, national origin, race, religion, sex, sexual orientation, or veteran status.
Duke aspires to create a community built on collaboration, innovation, creativity, and belonging. Our collective success depends on the robust exchange of ideas-an exchange that is best when the rich diversity of our perspectives, backgrounds, and experiences flourishes. To achieve this exchange, it is essential that all members of the community feel secure and welcome, that the contributions of all individuals are respected, and that all voices are heard. All members of our community have a responsibility to uphold these values.
Essential Physical Job Functions
Certain jobs at Duke University and Duke University Health System may include essential job functions that require specific physical and/or mental abilities. Additional information and provision for requests for reasonable accommodation will be provided by each hiring department.
