Position Summary

PRIMARY FUNCTION OF POSITION

Direct the operational and personnel activities within the Office of Treasury and Financial Management (TFM). Functional responsibilities include:

• Operating Cash Investments
• Cash Management and Banking
• Debt Management
• Endowment Management
• Special Projects

The TFM Director reports to the Vice President for Financial Planning and Analysis.

DUTIES AND RESPONSIBILITIES

Operating Cash Investments

Manage the University’s operating cash investment activities, including:

• The development and implementation of policies and strategies for the operating cash pools and other separately managed investments as approved by the Board of Trustees. 
• Primary liaison for the investment consultant and investment managers for operating cash pools and other separately managed investments.
• Provide reporting, analysis, and strategic recommendations for operating cash pool investments.
• Continuous monitoring of the operating cash pools and investment managers. 
• Investment accounting, performance management, portfolio analysis and external reporting. 
  
  

Cash Management and Banking  

Oversee the University’s daily cash management and banking activities, including:

• Implementation of new banking relationships and services, including treasury “best practices.” 
• Primary liaison with financial providers.
• Provide reporting, analysis, and strategic recommendations for operating cash pool liquidity.
• Day-to-day operating cash liquidity.
• Daily, monthly, and multiyear cash flow projections. 
• Investment income projections.
   

Debt Management 

Oversee the University’s external and internal debt management activities, including:

• Compliance in accordance with the relevant bond covenants, swap agreements, line of credit agreements and other debt agreements.
• Summarize and analyze the University’s debt portfolio to determine and minimize the “all-in” risk-adjusted cost of capital.
• Primary liaison with internal and external bond counsel, debt advisors, debt counterparties, rating agencies and borrower departments.
• Coordinate presentations on debt financing or refinancing. 

• Debt capacity monitoring and projections.    
• Debt payments in accordance with the relevant bond covenants. 
• Swap payments in accordance with the relevant swap agreements. 
• Management of internal loan and leasing programs.

Endowment Management

Administer the University’s endowment operations, including:

• Maintain compliance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA) and University policy consistent with accounting and legal requirements.
• Liaison with University Advancement, General Counsel and endowment recipient departments.
• Assist departments with the interpretation of endowment guidelines and financial information pertaining to individual endowments. 
• Review of new endowment agreements and amendments.
• Analyze and recommend endowment spending policy levels.
• Administer spending policy distributions as approved by MSU Board of Trustees. 
• Oversee purchases and sales of Common Investment Fund endowment units.
• Oversee reinvestment of unspent spending policy distributions in accordance with endowment guidelines and departmental direction. 
• Evaluate endowment income account utilization and facilitation of appropriate spending plans with beneficiary departments. 
• Maintain financial information in the University-wide Scholarship/Endowment system. 
• Provide endowment fund annual reporting for inclusion in the University’s audited financial statements.
  
  

Special Projects

• Research and analytical reviews as assigned by executive management.
• Assist with public-private partnership capital opportunities.
• Provide oversight of healthcare-related financial activity.
• Business plan reviews and other financial analysis as needed.

Supervision and Administration

• Perform all duties associated with hiring, supervising, and leading treasury and financial management team members. 
• Coordinate planning processes for assignment of operational responsibilities.    

Equal Employment Opportunity Statement

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, age, disability or protected veteran status.

Required Degree

Bachelors -Accounting or Finance

Desired Degree

Masters -Accounting or Finance

Minimum Requirements

MINIMUM EDUCATION AND EXPERIENCE

• Bachelor's degree required preferably with a major in accounting or finance
• Ten years of professional experience with an emphasis on accounting, finance or business analysis
• Certification as a Certified Treasury Professional (CTP), or equivalent

Desired Qualifications

• Advanced degree such as an MBA or equivalent experience.
• Demonstrated experience and skill in leadership, supervision, and collaboration.
• Excellent data analysis and Excel modeling skills.
• Excellent time management skills and multi-tasking experience with ability to meet deadlines.
• Excellent written and verbal communication skills.
• Ability to interact effectively with management at all levels and MSU Board of Trustees.
• Experience working with MSU systems is preferred
• Demonstrated skill in exercising good judgment, integrity, and observing ethical standards ensuring objectivity and independence, remaining free from conflict of interest.
• Demonstrated skill in discharging professional responsibilities with due care, competence and diligence in accordance with the standards established for the profession.

Required Application Materials

• Resume/CV
• Cover Letter
• Name and contact information for five professional references

Review of Applications Begins On

09/30/2024

Remote Work Statement

MSU strives to provide a flexible work environment and this position has been designated as remote-friendly. Remote-friendly means some or all of the duties can be performed remotely as mutually agreed upon.

Website

https://tfm.msu.edu/

Department Statement

MSU Finance is steadfast in our efforts to uphold fiscal integrity, ensuring MSU’s role as a responsible steward of institutional resources and continuing the University’s ability to serve as a top research university in the world.

MSU Statement

Michigan State University has been advancing the common good with uncommon will for more than 160 years. One of the top research universities in the world, MSU pushes the boundaries of discovery and forges enduring partnerships to solve the most pressing global challenges while providing life-changing opportunities to a diverse and inclusive academic community through more than 200 programs of study in 17 degree-granting colleges.