Sr. Director, Treasury Service

Overview

The Senior Director of Treasury Services manages four distinct business processes.  First, the Senior Director directs and leads the University’s debt programs: both long-term and short-term, taxable and tax-exempt. This entails evaluating and enhancing the University’s debt management business processes to ensure both efficiency of operations and appropriate stewardship.  Second, the Senior Director leads the financial planning and analytics of the University’s Capital Plan, a rolling capital plan which currently totals approximately $6.5 billion in planned spending over the upcoming 7-year period. The position requires independent, complex strategic analyses related to the funding and financing of the capital budget, within the context of overall institutional objectives and financial constraints, effectively articulating the results of those analyses to senior University executives.  This entails evaluating and enhancing the business processes utilized in Capital Plan model to ensure both the efficiency of operations and the appropriate stewardship of University resources.  Third, the Senior Director is responsible for leading the Integrated Financial Planning efforts of the University.  The Integrated Financial Planning Tool is a “model of models” that brings together multiple models into a cohesive whole, so this individual must possess a deep understanding of the models and tools associated with the University’s operating budget, capital budget, debt management framework, liquidity management framework, PRINCO models, and general ledger/financial statement methodologies.  Finally, the Senior Director is responsible for the cash and liquidity management for the University, spanning from day-to-day cash management and reports to multi-year forecasts and reports in relationship to the University’s endowment. 

 

This position directly manages three departments in the many daily activities that comprise the debt management, capital planning and integrated planning, and cash management.

 

The Office of Finance & Treasury actively searches for staff members of exceptional ability and promise who share in Princeton University's commitment to excellence, and who present a wide range of viewpoints and cultures. We offer varied professional opportunities spanning all aspects of financial management, analysis, and processing in support of the teaching and research mission. As part of the University community, we respect the dignity and individuality of each member while trying to foster a sense of shared experience and common purpose. We are unwavering in our commitment to community and embrace the variety of talents, backgrounds, and perspectives of all of our colleagues.

Responsibilities

Provide leadership of a complex debt portfolio to plan and manage the University’s debt programs

• Assume a leadership role in monitoring, evaluating and optimizing the University’s $5.4 billion debt portfolio.
• Size and effectively manage University debt issuances (typically between $375 million to $1 billion+) based on timing needs and projected capital expenditure requirements in light of the University’s debt capacity.
• Interact with investment banks, ratings agencies, the University’s financial advisor, borrowers counsel, bond counsel, and the NJ Educational Facilities Authority (NJEFA) regarding debt issuances, refunding opportunities, continuing disclosure, resolution of issues, and any other topics related to the University’s debt portfolio.
• Ensure the allocation of debt proceeds to individual projects agrees with the established funding plan. Continually monitor and adjust debt allocations among projects, as necessary, to ensure compliance with IRS regulations and University requirements, including private use restrictions, continuing disclosure and other post-issuance compliance requirements.  For example, it is critical to continuously update and maintain reimbursement resolutions for the University’s ongoing capital projects.
• Manage the University’s bank lines of credit and commercial paper programs.
• Forecast and monitor debt proceed expenditure including monthly expenditure projections, commercial paper requirements, and bond drawdown projections, among others.  These are critical inputs to the University’s ongoing forecast of its liquidity position. 
• Develop and implement business process changes, accounting procedures, and financial tools to improve the management and reporting of debt.
• Work with the University’s financial advisor to continuously monitor and update the University’s complex debt capacity model.
• Produce management reports (both financial and graphic) to convey the status of the debt program and to support recommendations.
• Represent the needs of the department to both internal and external constituencies for various specia