The Virginia Tech Foundation (VTF) (http://www.vtf.vt.edu/) was established in 1948 to receive, manage and disburse private gifts in support of Virginia Tech. Virginia Tech was founded in 1872 and offers 215 programs to over 30,000 undergraduate and graduate students. As of March 31, 2018, the Foundation’s total assets were $1.86 billion, of which $1.1 billion was invested in the Foundation’s consolidated endowment program.
The Office of Investments and Debt Management (IDM) (https://www.idm.vt.edu/index.html) oversees the financial assets of the university and its related Virginia Tech Foundation. Responsibilities of the Office include the investment oversight of the Foundation’s endowment and deferred gifts program, and the management, accounting and reporting of various operating and short-term investment funds. The Office also manages the comprehensive debt program for the university and other university-related corporations. The program includes securing debt financing for many of the capital projects located on-campus and at the adjacent Corporate Research Center, as well as maintaining compliance of all bond covenants. The University Treasurer and Associate VP for Finance, VTF, oversees a team of 10 individuals within the Office of Investments and Debt Management.
The Treasury Manager/Analyst will report to the University Treasurer and Associate VP for Finance, VTF, and is responsible for managing the daily operating cash balances of the university’s and Foundation’s main bank accounts and maintaining various in-house fixed-income portfolios. Additionally, the position manages numerous operational details of the debt and planned giving programs. The Manager/Analyst also compiles various reports related to the Hotel Roanoke and the planned giving program, and coordinates with the various accounting personnel to ensure accuracy. Experience with Microsoft Excel and general software/IT systems is an important attribute along with the willingness and ability to learn and maintain new software programs. A basic understanding of accounting is also an important attribute. The candidate must have a sincere interest in the non-profit sector and have an innate sense of responsibility with regard to representing the Foundation.
Key position responsibilities include the following:
Provide cash management oversight of the university’s and Foundation’s main bank accounts to ensure short-term needs are met prior to investing funds in the corresponding short and intermediate-termed fixed income portfolios.
Produce journal entries and wire logs related to cash transfers prompted by the daily banking process and submit them to the various Foundation and university accounting offices.
Process monthly transfers between university auxiliaries and submit required journal entries to the university controller.
Direct the ongoing development and enhancement of short and long-term cash forecasts to include creating and maintaining cash forecasting models to manage the liquid cash needs and assess related trends. Continuous analysis is required to assess actual cash flows versus forecasted cash flows.
Generate monthly reports on key treasury functions to include cash forecasts, liquidity, short and long-term debt, interest rate swaps, key rates and counterparty exposure.
Examine subsidiaries of the Foundation, as needed, to identify and support their cash management needs utilizing fixed income securities and short-term money market accounts. Analyze and recommend new banking services, as required.
Provide periodic reports to include a quarterly planned giving trust summary and a monthly Hotel Roanoke cash transfer report.
Collaborate with the endowment’s CIO to formulate the Foundation’s annual unrestricted income budget.
Serve as the administrator for the Foundation’s main operating bank and establish or modify Foundation employee banking entitlements, as requested by the Foundation’s accounting department.
Establish trust-related broker accounts, execute fund and asset transfers, and submit related workflows, as provided by the planned giving Development Associate. Assist donors with ACH set-ups, as requested. Review the administrator’s quarterly invoice and resolve discrepancies as required. Coordinate staff access to the trust administrator’s website.
Assist with new taxable and tax-exempt financing transactions and the overall management of the $720 million outstanding debt portfolio. Keep outstanding debt data bases and reports current for both the university and Foundation. Coordinate semi-annual debt service payments. Assist in creating and populating a private use database.
Execute other duties as assigned, including back-up support for stock gift liquidations. Serve as administrator for the merchant card services portal and as backup administrator for timeclock administration. Maintain the department’s website within the university’s Ensemble Content Management System (CMS).
Operate effectively with a small team of finance professionals in a collaborative environment.
Educational and Professional Requirements
An undergraduate degree in Business, Finance or Master of Accounting or equivalent experience.
A high level of experience with Microsoft Excel and general software/IT systems with the willingness and ability to learn and maintain new software programs.
An excellent grasp of business fundamentals.
This position is open to new graduates, as well as more experienced persons.
The highest degree of honesty, personal integrity and trust.
Good sense and sound judgment.
The ability to manage multiple tasks simultaneously and to meet deadlines.
Curiosity and keen attention to detail.
Send cover letter, resume and three references via email to Virginia Tech Foundation, Inc. Attn: HR Manager, via email to email@example.com.
About Virginia Tech Foundation, Inc.
The Virginia Tech Foundation, Inc. was established in 1948 to receive, manage, and disburse private gifts in support of Virginia Tech. The Foundation manages $1.7 billion of assets on behalf of Virginia Tech. Virginia Tech was founded in 1872 and offers 275 programs to over 33,000 undergraduate and graduate students. Virginia Tech is a public land-grant university, committed to teaching and learning, research, and outreach to the Commonwealth of Virginia, the nation, and the world. Building on its motto of Ut Prosim (that I may serve), Virginia Tech is dedicated to InclusiveVT—serving in the spirit of community, diversity, and excellence.
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