The University Treasurer is an officer elected by the Board of Trustees and reports to the Senior Vice President & Chief Financial Officer. The Treasurer is responsible for all accounting, cash management, financial reporting, endowment investment reporting, financial audits and compliance, and other treasury functions. The Treasurer is also responsible for procurement servicesandriskmanagementandisamemberofthePresident's financial leadership team. They also serve as the Treasurer for the University's Research Foundation, which is a separate legal entity.
The Treasurer champions a culture of equity and belonging by providing leadership in an environment that actively promotes inclusion, diversity and engagement (IDE.)The successful candidate is also expected to contribute to the systemwide mission and fully embrace the systemwide Be One UT Values.
The Treasurer will maintain processes and systems to determine daily cash position, forecast sources and uses of cash, manage debt obligations and lender relationships, manage fraud prevention functions, and ensure treasury activities are in compliance with University and State of Tennessee policies, develop and implement accounting guidelines, governance policies and internal controls. The Treasurer will assist in formulating investment policies including the establishment of risk parameters. Additionally, the Treasurer will serve on a five-person executive committee leading the University's new cloud-based Enterprise Resource (ERP) system. Other responsibilities include:
Ensures internal financial controls are in place that maintain financial compliance regarding both budget and regulatory oversight
Ensures that sufficient funds are available to meet ongoing operational and capital investment requirements
Develops strategic plans for new functionality needed for continuous improvement of university financial operations
Arranges for indebtedness for the university, working with the state of Tennessee, bond counsel, bond underwriters and rating agencies
Monitors and controls cash flow
Oversees local, state, and federal government required reporting and tax filings
Collaborates and advises the Tennessee Office of the Comptroller on financial and related audit matters
Overseesreceipt, disbursement, banking, protection and custody of funds, securities, and financial instruments
Advises management on investments and loans
Issues all financial reports that satisfy the institution's fiduciary responsibility including the Annual Financial Report and presents it to the Board of Trustees
Maintainsapositiveworkingrelationship with the Tennessee Comptroller of the Treasury and all financial institutions
Assists the President and SVP&CFO with state executive and legislative budget and finance hearing in association with the Assistant Vice President for Budget and Planning
Oversee the University's procurement and accounts payable operations and establishing the most efficient procure-to-pay procedures
Oversee, in coordination with the State of Tennessee, the University's risk management function and ensure that adequate insurance policies exist to mitigate risks
Oversee the Controller's Office including the preparation of annual financial statements, equipment inventories, grant accounting and bank reconciliations, and support campuses' accreditation financial reporting
Internal Number: 217847
About University Administration
Our primary mission is to move forward the frontiers of human knowledge and enrich and elevate the citizens of the state of Tennessee, the nation, and the world. As the preeminent research-based, land-grant university in the state, UT embodies the spirit of excellence in teaching, research, scholarship, creative activity, outreach, and engagement attained by the nation’s finest public research institutions.