Position Information Posting date:
11/07/2022 Closing date: Open Until Filled:
Yes Position Number:
1010989 Position Title:
Assistant Vice President for Finance and Treasury Management Department this Position Reports to:
Finance and Administration Hiring Range Minimum:
Please inquire Hiring Range Maximum:
Please inquire SEIU Level:
Not an SEIU Position FLSA Status:
Exempt Employment Category:
Regular Full Time Scheduled Months per Year:
12 Scheduled Hours per Week:
40 Schedule: Location of Position:
7 Lebanon Street Remote Work Eligibility?:
Hybrid Is this a term position?:
No If yes, length of term in months.:
N/A Is this a grant funded position?:
No Position Purpose:
Leads, directs and manages the planning, oversight, compliance, internal control, and analysis functions central to Dartmouth's policies and procedures, for two departments within F&A: Treasury and Procurement Services.
Treasury includes the management of debt, working capital, cash and short-term investments, and capital funding programs and reserves. Procurement Services is responsible for the performance of the central procurement function, including procurement operations, inventory operations, contracts and strategic sourcing, fixed assets, and the disposal or reuse of surplus property.
The AVP works closely with the AVP of Financial Planning and Budget, the Investment Office, Advancement, the Controller's Office, Campus Services, Office of the General Counsel, Risk Management, school and division leaders, and external providers of financial services to coordinate these activities. External providers include investment advisors, banking and investment services providers; debt underwriters, remarketing agents, and counterparties; external counsel; and bond rating agencies.
The AVP is responsible for the financial aspects of the administration, analysis, forecasting, and reporting for approximately $800 million in working capital and short term investments, although the actual investment of the funds will be the responsibility of the Investment Office; $1 billion of debt; $150 million of capital reserves as well as the Infrastructure Renewal Fund currently estimated to be $40 million annually, although the determination of spending priorities will be the responsibility of Campus Services; and the structure and pricing of liquidity facilities, including an authorized $150 million commercial paper program and a $400 million line of credit program. The AVP supports the EVP and the CFO in the preparation and presentation of materials for the Finance Committee of the Board of Trustees.
On a daily basis, the AVP is responsible for the following: the daily treasury operations, including cash management, and benchmarking of working capital and debt holdings. Responsible for long-term strategic financial analysis and planning with respect to cashflow forecasting, endowment distribution, working capital allocations, long term capital forecasting, debt levels and the corresponding impact on the College's financial strength and credit rating. Description: Required Qualifications - Education and Yrs Exp:
Masters or equivalent combination of education and experience Required Qualifications - Skills, Knowledge and Abilities:
Excellent leadership and interpersonal skills with all levels of administration and staff.
Excellent analytical/critical thinking abilities.
Ability to plan work, set priorities and manage multiple priorities and changes in schedules and priorities.
Excellent communication and interpersonal skills.
Initiative, sound judgment, and ability to work independently.
Knowledge of electronic spreadsheet software with the ability to maximize the capabilities of spreadsheets to enhance efficiency and accuracy.
Knowledge of internal controls and ability to develop and maintain policies and procedures.
Highly proficient with computer applications, such as Excel, Word, and other PC software.
Advance knowledge of modeling and forecasting methodologies.
Knowledge of debt, treasury, cash management, and procurement practices.
A minimum of ten years of relevant experience in a related field (investments, treasury, debt management, corporate finance) with a high degree of autonomy.
A minimum of 7 years in a management position.
Preference for individuals with experience in higher education or non-profit endowment management, including an understanding of the Uniform Prudent Management of Institutional Funds Act ( UPMIFA ).
Bachelor's degree in Accounting, Business Administration, Financial Management, or equivalent required
Masters of Business Administration, Certified Public Accountant, or Certified Treasury Professional required. Preferred Qualifications: Department Contact for Cover Letter and Title:
R Scott Frew Equal Opportunity Employer:
Dartmouth College is an equal opportunity/affirmative action employer with a strong commitment to diversity and inclusion. We prohibit discrimination on the basis of race, color, religion, sex, age, national origin, sexual orientation, gender identity or expression, disability, veteran status, marital status, or any other legally protected status. Applications by members of all underrepresented groups are encouraged. Background Check:
Employment in this position is contingent upon consent to and successful completion of a pre-employment background check, which may include a criminal background check, reference checks, verification of work history, and verification of any required academic credentials, licenses, and/or certifications, with results acceptable to Dartmouth College. A criminal conviction will not automatically disqualify an applicant from employment. Background check information will be used in a confidential, non-discriminatory manner consistent with state and federal law. Special Instructions to Applicants:
Please note we have retained Opus Partners, an executive search firm, to manage this search. All inquiries, expressions of interest, and nominations should be sent to directly to:
Thomas Lapierre, MSW [ Email address blocked ] - Click here to apply to Assistant Vice President for Finance and Treasury Management
Portland, Ore. www.opuspartners.net
All Dartmouth College employees, whether working on-site or remotely, are required to be up to date with vaccination against COVID -19 (or to have received an approved exemption from vaccination through the Office of Institutional Diversity and Equity). Please visit [ Link removed ] - Click here to apply to Assistant Vice President for Finance and Treasury Management
for details. Compliance with this requirement is a condition of employment. Failure to meet this condition of employment within the first 30 days may result in Dartmouth in its sole discretion ending employment. Dartmouth College has a Tobacco-Free Policy. Smoking and the use of tobacco-based products (including smokeless tobacco) are prohibited in all facilities, grounds, vehicles or other areas owned, operated or occupied by Dartmouth College with no exceptions. For details, please see our policy. [ Link removed ] - Click here to apply to Assistant Vice President for Finance and Treasury Management
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Key Accountabilities Description:
Develops, coordinates, and enforces policies and procedures for the effective administration of treasury, and procurement operations.
Analyzes and prepares forecasting and reporting for the College's working capital assets, future cash needs, and long-term capital planning.
Responsible for creating and monitoring the College's investment liquidity, and annual reporting, used by rating agencies to evaluate the College's credit rating.
Leads the design, development, implementation, and maintenance of related information technology systems, financial operations, and internal controls associated with treasury and cash management operations.
Leads the preparation of documents, agreements, Federal, state, local filings associated with debt.
Provides leadership and direction for the central functions relating to Dartmouth's procurement of goods and services, including procurement operations, inventory operations, and strategic sourcing.
Coordinates and oversees analysis of significant procurement contracts, especially related to buy vs lease decisions and payment terms. Percentage Of Time:
Leads the collaboration among the Investment, Controller's, Financial Planning and Budget, and Development Offices on financial and capital planning, disclosure, internal control, and policy interpretation matters associated with capital funding and financing decisions.
Identifies and collaborates with the Office of the General Counsel on legal issues relating to the College's endowment and debt portfolio.
Leads the collaboration among the senior financial leaders, Investment Office and appropriate committees of the Board of Trustees in discussions around working capital investment and debt management.
Prepares, analyzes and monitors the College's cash flow projections. Responsible for collecting and analyzing information about the College's cash flows and needs, including obtaining information from all areas of the College which have a significant impact on the cash flow projections, including Campus Services, Office of Sponsored Projects, Investment Office, Advancement, and each of the Professional Schools.
Creates, recommends, benchmarks, and reports on the College's endowment distribution forecasts, including variance and scenario analysis.
Leads the discussion of the Finance team and College senior leaders about the implications of various investment return and endowment distribution scenarios on annual budgets and long-range forecasting as well as quarterly reports for internal management and for the Board of Trustees.
Leads or participates in special projects, ad hoc committees and other groups to meet identified needs of the Board of Trustees, Senior Leadership of the College around endowment, investment, debt, capital investment and funding/financing, and reserve management.
Compiles, analyzes, and presents financial information for special projects, which could include financial forecasts, trend analysis, historical data compilation, ratio comparisons, etc.
Leads relationship with external service organizations who provide banking, debt, and related financial services.
Represents the College on self-insurance and insurance risk financing and retention activities, along with the Director of Risk Management, including participation on the Pinnacle finance committee and board.
Responsible for modeling, projections, and reporting related to activity and balances of the Capital Investment Fund.
Works closely with the Controller's office, Campus Billing and DartCard Services, and the financial aid departments at Dartmouth to provide financial advice and forecasting for the institution's student loan offerings. Percentage Of Time:
Establishes goals and performance expectations, monitors the attainment of those goals and expectations and provides mentoring and training to support the success for Treasury and Procurement Services.
Manages staff and participates with Controller in oversight of certain accounting, reconciliation and endowment administration functions that are critical to ensure the completeness and accuracy of financial information associated with treasury and capital management activities.
Directs the development, implementation, and evaluation of policies and priorities around debt, working capital investment management, endowment administration (including gift policies), and procurement.
Works closely with the VP of Finance/Controller, AVP Financial Planning and Budget, Office of Risk Management, and Chief Operating Officer of the Investment Office on leadership activities in the Finance and Administration division.
Provide financial analysis and support to the Retirement Plan Governance Committee as well as to the EVP and CFO regarding the institution's pension assets and liabilities. Percentage Of Time:
Oversees the maintenance of all source documents and monitors the retention and storage of all related information in connection with debt, treasury, and endowment management. Percentage Of Time:
Demonstrates a commitment to diversity, inclusion, and cultural awareness through actions, interactions, and communications with others.
Performs other duties as assigned
- Asset Management
- Business Administration
- Cash Management