Senior Director, Finance/Treasury Management

Babson College is a world-class business school, empowering entrepreneurial leaders to create great economic &amp; social value. It's an exciting launch pad for anyone who wants to make a real impact in higher education. We provide everything you need to achieve your goals, including learning opportunities, outstanding benefits, rich rewards, wellness programs, &amp; a genuine dedication to creating a diverse, multicultural &amp; inclusive community. <br /><br />To view all open staff positions, click <a href="https://babson.wd1.myworkdayjobs.com/Staff" target="_blank" title="Babson College Staff Positions" rel="noopener noreferrer">here</a>.

Babson Park, MA

Babson College

<p><strong>We&rsquo;re all different.</strong></p> <p><strong>We&rsquo;re all Babson.</strong></p> <p><em>Effective November 15, we are requiring all non-unionized Babson faculty and staff members authorized to work on our campuses or other property owned or controlled by the College to verify that they have been fully vaccinated for COVID-19. Requests for medical or religious exemption should be addressed directly to </em><a href="https://www.babson.edu/emergency-preparedness/return-to-campus/faculty-and-staff-experience/"><em>Human Resources</em></a><em>.&nbsp;</em></p> <p>Babson College is a world-class business school, empowering entrepreneurial leaders to create great economic and social value - everywhere. You&rsquo;ll find a collaborative, collegial team environment designed to include and motivate every individual. It&rsquo;s a rewarding workplace &ndash; an exciting launch pad for anyone to make a real impact in higher education. We provide everything you need to achieve your goals, including learning and development opportunities, outstanding benefits, rich rewards, wellness programs, and a genuine dedication to creating a diverse, multicultural and inclusive community.</p> https://www.babson.edu/

keywords: job description,collaboration,reporting,leadership,other duties,education & experience,work environment,knowledge, skills & abilities,flexibility,analysis,initiative,communication,proficiency,additional skills

Full time

Overview: <br />The Senior Director, Finance/Treasury Management is responsible for providing subject matter expertise related to funding, liquidity management, liquidity stress testing, asset/liability management, interest rate risk management, capital adequacy, and capital stress testing. Specifically responsible for overseeing bond related payments, reconciliations, analysis, year-end work papers and bond compliance; overseeing cash, debt, and investment accounting in collaboration with the finance department which requires implementing and understanding GAAP, GASB, and FASB accounting and maintaining relationships with banks, investment advisors, and bond compliance agencies; managing the Student Financial Services Department focusing on UG and Grad tuition billing and receipts; overseeing cash management initiatives, bank relationships, and day-to-day treasury operations working closely with all finance and budget departments including the Advancement. IT, Facilities, and various other departments; establishing short-term borrowing needs and recommending short-term investing initiatives; and serving as a backup for treasury functions, including cash reconciliation and cash flow management.
Responsibilities: <br /> <ul> <li>Oversees all cash management functions and reporting including overseeing daily cash positioning activities such as managing daily liquidity, cash position reconciliation, and bank reporting; as well as developing cash forecasting methods.</li> <li>Works to continuously improve payment processes and capital improvement process.</li> <li>Maintains and cultivates banking relationships.</li> <li>Recommends alternative financing strategies.</li> <li>Maintains rating Agencies reporting and relationship with S&amp;P and Moody&rsquo;s; effectively works closely with outside FA agency.</li> <li>Works closely with the Finance Department&rsquo;s Senior Accountant to oversee issuing letters of credit as well as managing performance bonds and guarantees.</li> <li>Assists the College&rsquo;s IT Department with assessing the College's compliance with the PCI data security standard.</li> <li>Acts in a lead role in capital structure, debt management, bond issuance, and/or share repurchases to ensure the most efficient use of the company&rsquo;s capacity and borrowed monies.</li> <li>Serves as contact for the treasury department in terms of cross-departmental projects as needed.</li> <li>Participates with the AVP/Controller in the preparation of the annual treasury budget.</li> <li>Assists with developing key inputs into the balance sheet, income statements, and cash flow statements for annual plan.</li> <li>Participates in, and oversees, the monthly and year-end close of the SFS Student Billing and the preparation and review of the financial statements.</li> <li>Manages the review of College bank reports and communicates updates to the Associate Vice President, Treasury Management/Controller.</li> <li>Assumes additional responsibilities as required.</li> </ul> <p>&nbsp;</p> <p><strong>YOUR TEAM WILL INCLUDE<br /><br /></strong></p> <p>Director, Student Accounts</p>
Requirements: <br /> <p><strong>WHAT EDUCATION AND SKILLS YOU WILL NEED</strong></p> <p>&nbsp;</p> <ul> <li><strong>Bachelor&rsquo;s Degree in Accounting, Business Administration, or Finance required.</strong></li> <li>A minimum of <strong>10-15 years of </strong>successful experience in financial planning, analysis and reporting, with a distinctive record of achievement, impact and focus on best practices in treasury management functions; and a <strong>minimum of 5 years of experience managing staff and a budget.</strong></li> <li>Ability to <strong>prepare cash and debt portfolio financial packages</strong>, including narratives, graphs, and analytical data summarizing the College&rsquo;s financial cash position for senior management</li> <li>Ability to engage and develop relationships with College stakeholders to provide consultation and guidance in the treasury management planning functions</li> <li>Must have <strong>superior leadership and coordination skills</strong> with the ability to engage others through a democratic process, while serving as a key decision maker</li> <li>Must have an exceptional ability to architect reports and presentations, and to be able to meet ever-changing requests and requirements utilizing multiple data sources, such as Workday and Adaptive Insights</li> <li>Must have <strong>strong quantitative and qualitative analytical skills</strong>, with the ability to apply these skills across problems of varying nature and scope; ability to identify potential areas for treasury management improvements and make necessary recommendations to leaders</li> <li>Must have an <strong>understanding of financial and budgeting systems</strong> and how to use them to develop pertinent cash reporting and planning</li> <li>Must have financial literacy with experience in general ledgers, income statements, balance sheets, and accounting terms</li> <li>Must have <strong>experience providing timely and complete monthly treasury management reporting</strong></li> <li>Ability to establish creditability and confidence with stakeholders</li> <li>Must have <strong>exceptional collaboration and interpersonal skills</strong>, and the ability to be effective engaging with all levels within the college</li> <li>Must be flexible and willing to assume new tasks and special projects</li> <li>Demonstrated experience successfully leading a transformational/capability-building activity or change management</li> <li>Must have <strong>strong influencing, mentoring, coaching, and communication skills</strong></li> <li>Must have <strong>excellent critical thinking and problem-solving capabilities</strong></li> <li>Demonstrated effectiveness in working with a diverse student body, faculty, staff, and other constituents</li> <li>Ability to create an environment where direct reports have the freedom and security to take initiative; deal with complexities with resilience, resourcefulness, and optimism; and appreciate open-mindedness, creativity, and agility in thought and tactics.</li> <li>Ability to <strong>embrace ideas</strong> and changes created by all community members. &nbsp;</li> <li>Ability to work independently to solve problems; look for opportunities to take on responsibility; take thoughtful risks; and effectively act on new and ongoing initiatives, objectives, and solutions to gain sought-after results.</li> <li>Ability to <strong>anticipate and effectively handles change</strong>; demonstrate willingness to try new skills and challenging tasks; and is flexible in changing conditions.</li> <li>Must have <strong>strong computer skills</strong> including proficiency in Microsoft Office (Word, Excel, Access, PowerPoint), internet, Workday Financials, e-Commerce, printing, and networking.</li> </ul> <p>&nbsp;</p> <p><strong>HOW AND WHERE YOU WILL WORK<br /><br /></strong></p> <ul> <li>All Babson College faculty and staff authorized to work on campus must be fully vaccinated against COVID-19, <a href="https://www.cdc.gov/coronavirus/2019-ncov/vaccines/stay-up-to-date.html" target="_blank" rel="noopener noreferrer">including any appropriate boosters</a>. Proof of vaccination upon hire is required or within 21 days of becoming eligible for a booster. Contact <a href="mailto:hr@babson.edu" target="_blank" rel="noopener noreferrer">Human Resources</a> for medical accommodation or religious exemption requests.</li> <li>Ability to work evenings and weekends as needed</li> </ul> <p>&nbsp;</p> <p><strong>ADDITIONAL SKILLS YOU MAY HAVE<br /><br /></strong></p> <ul> <li>Must have experience in analytics and report design of Workday financials and Adaptive Insights</li> <li>Strong working knowledge of Financial Statement in accordance with applicable accounting standards (including GASB, FASB, GAAP, and other relevant professional and industry organizations).</li> </ul>