Vice President for Finance & Associate Treasurer Department Exec VP Finance & Admin, Treasury
Rutgers, The State University of New Jersey, is a leading national research university and the state of New Jersey's preeminent, comprehensive public institution of higher education. Established in 1766 and celebrated a milestone 250th anniversary in 2016, the university is the eighth oldest higher education institution in the United States. More than 70,800 students and 27,000 faculty and staff learn, work, and serve the public at Rutgers locations across New Jersey and around the world.
Rutgers University-New Brunswick took root over 250 years ago. We are the state's most comprehensive intellectual resource—the flagship campus of Rutgers, The State University of New Jersey, as designated by the Association of American Universities. We are the region's most high-profile public research institution and a leading national research center with a global impact.
Rutgers, The State University of New Jersey, is seeking a Vice President for Finance & Associate Treasurer. Reporting to the Executive Vice President - Chief Financial Officer and University Treasurer, the Vice President for Finance & Associate Treasurer provides executive leadership of the following areas:
The University Controller's Office, including University Accounting, Payroll, Financial Information Systems, Student Accounting, Billing, and Cashier Services, and Cost Analysis and Capital Equipment Management; University Treasury, including Treasury Operations & Operating Investments, Debt Management & Capital Finance, and Ecommerce and Receivables, The University Tax Office; and Risk Management & Insurance, including Underwriting, Contracts and Claims Management, Student Insurance, International Risk Management, and Occupational Health Services
As a board-designated corporate officer and member of the CFO's leadership team, with an organization totaling over 120 individuals, the VP Finance and Associate Treasurer plays a critical role in directing key finance functions that have a direct material impact on the university's financial results, operations, and reputation. While this position sits in central administration, the incumbent will work closely with academic and financial leadership within the four Chancellor-led units, as well as with business officers in other administrative units, to ensure that the finance operations continue to meet the needs of the various stakeholders across the University. The VP will provide analytical support to the CFO as well as periodic reporting to the CFO and to the Board of Governors' Committee on Finance and Facilities and Audit Committee.
The VP Finance and Associate Treasurer will also support various university-wide initiatives such as the ongoing review and improvement of the RCM budget model, the implementation of a new Human Capital Management and Payroll system, the implementation of a new Student Information System, development and maintenance of the strategic financial plan (including debt optimization), and redesign of the capital planning and approval process.
The VP will also maintain key relationships with external parties such as rating agency analysts, auditors, commercial and investment bankers, municipal financial advisors, investment managers, software providers, and other consultants.
Under Policy 60.1.35, Rutgers University requires all prospective employees to provide proof that they are fully vaccinated and have received a booster (where eligible) against COVID-19 prior to commencement of employment, unless the University has granted the individual a medical or religious exemption. Prospective employees who are not eligible for a booster at the time of an offer of employment must provide proof they have received a booster within two weeks (14 calendar days) of eligibility. Based on current guidance, individuals are considered fully vaccinated against COVID-19 two weeks after receiving the final dose of any COVID-19 vaccine authorized or approved for use in the United States by the United States Food and Drug Administration (FDA) and recommended by the Advisory Committee on Immunization Practices (ACIP) of the Centers for Disease Control and Prevention (CDC). Eligibility for a booster against COVID-19 varies and is explained on the University's web site located at https://coronavirus.rutgers.edu/covid-19-vaccine. Failure to provide proof of primary vaccination and booster will result in rescission of a prospective employee's offer of employment and/or disciplinary action up to and including termination.
Minimum Education and Experience:
Bachelor's Degree preferably in finance or related business field or an equivalent combination of education and/or experience.
A minimum of ten (10) years of relevant experience within higher education or a corporate environment.
Required Knowledge, Skills, and Abilities:
A record of professional achievement.
Financial acumen and in-depth understanding of Treasury management, including cash forecasting, investments, debt management, foreign exchange, etc.
Strong verbal and written communication skills, with the ability to present complex financial topics effectively to senior leadership and governing boards.
History of identifying and implementing changes to improve the organization.
Reputation of integrity, high ethical standards, sound judgment, enthusiasm, and creativity.
Ability to work collaboratively with various internal and external stakeholders.
Proven managerial experience and experience as a team leader.
Knowledge of technology related to banking, finance, payments, and Treasury management.
Certified Treasury Professional (CTP) designation preferred.
Graduate degree in business (MBA) and/or finance preferred.