Job Title: Associate Director of Cash Management
PVN ID: VB-1604-001130
Category: Managerial and Professional
Location: OFFICE OF SR VC-BUDGET, FINANCE & FISCAL POLICY

Job Description

General Description

Assists in managing the University’s financial operations, including accounting, reporting, analysis, and compliance activities.

 

  • Advises University and College managers on funding appropriateness and proposes fiscal solutions to resolve academic and/or administrative issues
  • Participates in developing University-wide budgeting policies and procedures; interprets and ensures compliance with University, State, and City policies, guidelines, rules and regulations
  • Participates in strategic planning and re-engineering efforts; evaluates outcomes and makes recommendations regarding resources
  • Develops and recommends fiscal policies and controls
  • Prepares and manages the production of financial, statistical, and analytical reports
  • Collaborates with government agencies, auditors, and others as needed
  • May negotiate contracts
  • May hire, supervise and train finance and/or clerical staff, and manage related administrative functions
  • Performs related duties as assigned.

Other Duties

The Office of University Controller [OUC] oversees four key financial areas for the University: Accounting, Financial Reporting and Accounts Payable; Treasury and Cash Management; Investments; and Procurement including Minority and Women Owned Business Enterprise (MWBE) program support. OUC administers the accounting, purchasing, and banking functions for all Central Administration offices and departments, while providing guidance to the University Community on various financial practices and policies.

Reporting to the Director of Treasury Services, the Associate Director of Cash Management will be responsible for all aspect of the cash management function, including the development and management of systems for the effective collection of revenues and payment of obligations. Responsible for providing leadership and direction to ensure designated cash processing, reconciliation and reporting functions are completed in a timely manner while in compliance with policy and regulations.

 Key responsibilities include, but will not be limited to the following duties:

 

  • Directs cash management operations to include daily cash administration, management of current accounts and bank relations.
  • Reviews and drives improvements in cash management, ensuring financial obligations are met in accordance with policies and procedures.
  • Timely reconciles cash receipts and disbursements.
  • Monitors cash transactions to ensure that bank accounts balance to the report and any unusual items are investigated. Reconciles all University Central Office Treasury bank accounts on a daily basis.
  • Forecasts, monitors and tracks cash flow (weekly, monthly, quarterly etc.)
  • Prepares cash flow reports to identify and evaluate variances.
  • Review, approve, and post Treasury entries in the cash management system (Financial Edge).
  • Support the University Treasurer in efficiently managing the financial resources available with respect to resources, as well as staffing.
  • Manage the banking entitlements and online processing for all University Central Office Treasury bank accounts.
  • Monitor central treasury cash and investment accounts and bank fees.
  • Develop financial data models for decision making.
  • Manage the University’s bank compensating balances to ensure that all funds are appropriately being used to offset service charges and invested when not needed.
  • Manage the University’s Adjunct Health Care Payment Program, including communicating with the University Benefit’s Office, coordinating all payments and receipt of funds and reconciling all program files.
  • Liaison for all audit matters related to Cash Management.
  • Assist in the CUNYfirst cash management module implementation.

Supervise staff

Qualifications

  • Bachelor’s degree in Finance or related field.
  • Six years of’ related experience in Finance or Accounting required.

 

  • The ideal candidate will have the following knowledge, skills and abilities:
  • - MBA degree in Finance, or related field;
  • - Designation as a certified cash manager or Certified Finance Professional (CTP, CFA or FP&A)
  • - In-depth knowledge of financial statements and financial statement analysis, including an ability to analyze cash flow and the impact of the financial statements.
  • - Familiarity with bank cash management systems
  • - Experience with an ERP effort, systems, and re-engineering/re-organizing business processes
  • - Ability to take initiative, use sound judgment to make decisions, and exercise discretion and tact
  • - Detail oriented and accurate with strong numerical analysis, evaluation, and research skills
  • - Excellent written/verbal communication skills, along with the ability to communicate and negotiate with a variety of internal and external constituencies.
  • - Work productively, independently, and collaboratively on teams with diverse stakeholders of various organizational levels
  • - Strong managerial, planning, organizational, decision making, interpersonal, analytical and lateral thinking skills.
  • - Proficiency using computers and office software programs plus online general ledger and financial systems, with advanced skill using Microsoft Excel and performing extensive pivot table analysis.

RFCUNY Benefits

RFCUNY Employee Benefits and Accruals

About the Research Foundation

The Research Foundation of The City University of New York (RFCUNY) is a nonprofit educational corporation founded in 1963 to provide post-award fiscal and administrative support for CUNY’s research and sponsored programs. RFCUNY’s services allow CUNY researchers, faculty, and staff to focus on their intellectual curiosity and scientific discoveries, on projects and programs that serve our local and global communities, proposing concrete solutions to society’s most pressing challenges.

RFCUNY serves as a fiscal agent and works closely with all the CUNY campus Grants Offices to perform the core functions of post-award financial management for CUNY research projects and sponsored programs. These functions include legal assessment and signing of agreements where RFCUNY is named as a fiscal agent; setting up award accounts; preparing sub-awards and assisting PIs in monitoring the work of the recipients of sub-awards; supporting project directors with hiring and managing research project and sponsored program staff; supporting the purchasing and paying for goods and services with grant and program funds; managing financial aspects of projects including accounts receivable, financial reporting, invoicing, budget monitoring, and cost compliance with uniform guidance; ensuring that sponsor financial requirements are met; monitoring compliance with applicable project and financial management rules and laws; supporting the management of independent and external audits and financial reviews; and providing data, information, management expertise, and other supports to CUNY’s research and sponsored programs.

Equal Employment Opportunity Statement

The Research Foundation of the City University of New York is an Equal Opportunity/Affirmative Action/Americans with Disabilities Act/E-Verify Employer. It is the policy of the Research Foundation of CUNY to provide equal employment opportunities free of discrimination based on race, color, age, religion, sex, pregnancy, childbirth, national origin, disability, marital status, veteran status, sexual orientation, gender identity, genetic information, marital status, domestic violence victim status, arrest record, criminal conviction history, or any other protected characteristic under applicable law.

Key Features

Department
Office of the University Controller
Status
Full Time
Annual Salary Range
$76,000.00 - $96,000.00
Closing Date
Sep 23, 2016 (Or Until Filled)
Bargaining Unit
No

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