Oregon State University is currently looking for a Treasury Manager to become part of their University Shared Services Enterprise (USSE) team, offering the flexibility to work remotely. This role presents the unique opportunity to impact finance and administration across Oregon's seven public universities. The successful candidate will oversee cash, debt, and investment management, ensuring compliance with regulatory standards and optimizing financial strategies. Your expertise will guide the financial tracking, analysis, and reporting for university clients, contributing to the state's educational infrastructure.

If you're a finance professional seeking a leadership role with statewide impact, submit your application today!

Another Source's client, University Shared Services Enterprise (USSE), hosted by Oregon State University, is recruiting a Treasury Manager to join their team. This is a remote position that will require the flexibility to come to campus periodically as needed.

Here's a little about USSE and the position they are recruiting for:

The University Shared Services Enterprise (USSE) provides shared finance and administration services to the seven public universities in the state of Oregon.

The Treasury Management Services division of the USSE provides oversight, coordination, accounting, and compliance support for a variety of treasury functions for university clients. Service offerings include cash management, debt management, and investment management in cooperation with the Oregon State Treasury or other financial service firms engaged by university clients.

Oregon State University is host to the USSE and Treasury Management Services (TMS) group.

About the role:
This position provides leadership in the management of TMS; plans, organizes, directs and is accountable for all aspects of assigned TMS services.

The purpose of the Treasury Manager role is to perform the following functions relative to the TMS department:

Leading the cash, investment, and debt activities of the USSE TMS team.
• Managing, overseeing, and auditing the financial tracking and reporting of university cash, investments, and debt.
• Performing ongoing and targeted financial analysis, keeping up with industry standards, regulatory requirements, and best practices.
• Evaluating university cash, debt, and investment policies and procedures to ensure compliance with all regulatory requirements. Recommend changes to policies when appropriate.
• Preparing and/or reviewing quarterly investment reports for the Designated University of the Public University Fund (PUF) and participating universities.
• Performing fiscal analysis in conjunction with recording changes in asset values of university endowments and preparing or reviewing quarterly investment reports.
• Analyzing participating university fund balances, investment performance, and completing a complex and detailed allocation of investment income as established by the PUF policy.
• Monitoring and reviewing of IRS debt compliance, debt structure, private use of bond proceeds, compliance with Loan and Grant terms, and reflection of data in the accounting records are performed on a continual basis.
• Consulting and communicating on issues related to compliance with tax laws and other regulations with university staff ranging in level from accounting clerks to the Vice President for Finance and Administration

What you will be doing:

30% Administration of University Client's Borrowing Programs:

• Review and monitor the spending of bond money to ensure use of bond funds complies with all applicable regulations; reviews and analyzes cash flow forecasts.
• Prepare financial data, debt service or loan payment forecasts, bond forecasts and cash flows.
• Provide recommendations that align debt service for new projects to the correct funding source.
• Confirm all borrowing activity is in accordance with university polices.
• Serve as a knowledgeable resource for use of debt management software.
• Confirm all covenants and restrictions are met at all times and work with the State and university clients to ensure that all required reports are filed promptly.
• Support the monitoring of private use by facilities constructed with bond proceeds to assure that IRS private activity limitations are not violated. Coordinate university change in use request with the State Treasury and Department of Administrative Services to receive a timely decision on approval or denial of the request. Provide necessary information to support stakeholders informed decision regarding the change is use.
• Confirm bond proceeds are spent in accordance with IRS "Reimbursement Bond" guidelines.
• Submit data to State and or arbitrage service provider for actual and pro-forma arbitrage calculations and inform university management of consequences of various actions. Coordinate with the State or arbitrage service provider in the preparation of documents for payment of arbitrage to the IRS.
• Provide requested support during the sale of bonds benefiting the universities and track spending on projects for timeliness, proper allocation and compliance with IRS regulations and university policies.
• Prepare future years' debt service and debt service cash flows for debt payment entities as requested by university clients.
• Analyze client bonding program's compliance with the Oregon Constitution, university policies and procedures and all university related debt agreements. Recommend changes as necessary.

20% Administration of University Client's Investment Management Programs:

• Administer the PUF unit value system based upon market values of the fund.
• Communicate with the Oregon State Treasury regarding future cash needs and valuation questions.
• Conduct fiscal analysis on investment income received, investment proceeds received, and asset value fluctuations in the PUF.
• Using GAAP, prepare or review the recording of investment income received and other investment activity including purchases, sales, market valuation adjustments, fees, amortization of premiums/discounts, etc.
• Analyze the investment earnings pool, analyze fund balances (numbering in the thousands), compute average fund balances, and distribute the investment earnings pool to participating universities.
• Administer the endowment fund unit value system based on market values of endowment
• Prepare or review the monthly unit value calculations, analyze additions and withdrawals from endowment funds and assigns units to add or deduct from each.
• Communicate with the university client's investment manager/advisor regarding future cash needs and valuation questions.
• Review reconciliation of monthly endowment investment reports from the University's investment manager/advisor and fund managers to the general ledger; record changes in market valuation.
• Calculate annual endowment distribution rate and distribute proceeds to appropriate funds at the universities.

15% Administration of University Client's Cash Management Program:

• Assist/counsel university clients on best practices to ensure that all bank accounts are appropriately controlled, safeguarded, and reconciled; provide guidance to staff that reconcile bank accounts.
• Develop and maintain policies that pertain to bank account controls and reconciliation.
• Analyze the cash needs of the PUF participants and ensure adequate cash is available to meet those needs in a timely manner.
• Identify and implement workflow efficiencies or other best practices related to cash management.
• Optimize investment earnings to the PUF by identifying opportunities to improve workflow, accounting practices, cash handling, and investment policies.
• Recommend appropriate internal controls to university clients and policy/procedural changes.

15% Financial Reporting:

• Prepare/review annual cash, investment, and debt summaries for participating universities use in their financial statements and external audits.
• Prepare/review schedules of investment and debt activity for the annual financial statements including notes to the financial statements for participating universities.
• Develop and implement new procedures to provide additional and/or more efficient monitoring and reporting methods in response to changing reporting requirements, accounting standards, systems, etc.

10% Treasury Operations:

• Serve as the central resource for Treasury-related questions and resolve issues.
• (may be procedural or security-related) promptly and professionally.
• Monitor bank balances for adequacy and cash accounting balance for compliance, recommending action as needed.
• Establish and maintain effective working relationships with staff in the business offices of participating universities.
• Work with university staff to support their initiatives that affect banking operations; troubleshoot banking issues that arise.

10% Other:

• Monitor, research, and apply laws, rules and authoritative pronouncements (NACHA, GAAP, IRS rules, state or other applicable laws).
• Assist in the development and updating of university client policies related to investments and debt.
• Perform complex fiscal analyses to evaluate proposed initiatives.
• Provide supporting documentation related to investment and debt activities and communicate with university client's external auditors, upon request.
• Other duties or projects as assigned.

What we would like to see from you:

• Bachelor's degree in accounting, finance, business, or related field
• A minimum of 8 years of treasury management/debt management experience in any industry.
• Demonstrable knowledge and expertise of the key principles of financial management, including forecasting and analysis, with ability to communicate financial data to non-financial individuals.
• Ability to document and present information and ideas clearly and effectively.
• Ability to communicate at a professional level, both orally and in writing, and with people at all levels.
• Strong organizational skills and attention to detail.
• Proficient with accounting and information management software, including MS Excel.

What's in it for you:

• Rewarding work that supports Oregon's higher education institutions
• Colleagues who are passionate about public service
• Work/life balance; flexible work schedule including remote work options; excellent benefits, including low-cost, high coverage health insurance, a competitive retirement plan, and 11 paid holidays per year

The anticipated budgeted salary is $90,000 - $110,000 DOE.

Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us.

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