Reporting to the Deputy Treasurer, the Assistant Director is primarily responsible for key functions associated with the University's capital financing programs, in particular for managing the tax-exempt bond issuance process and for ensuring related compliance with reporting requirements of the IRS, public issuing authorities, and lending banks. In addition, the Assistant Director is secondarily responsible for supporting the modeling and analysis for Liquidity Management (Treasury) and Capital Planning (Capital Budget - Office of Management and Budget).
Responsibilities include, but are not limited to:
(1) Participating in decisions regarding sizing and structuring of bonds deals, meeting with investment bankers to consider financing alternatives, compiling information for public approvals, tax questionnaire relating to tax-exempt bond issues, disclosure and for identifying potential private use; developing related graphical materials and conducting analyses for presentations to University staff, Trustees, rating agencies, and state authorities.
(2) Providing information to rating agencies and to auditors annually and to the Controller's Office for the Treasury component of Facilities & Administration (Indirect Cost Recovery) calculations; providing oversight to ensure that bond-related requirements are met, i.e. verifying and submitting requisitions to the Dormitory Authority for reimbursement of eligible project expenditures with bond proceeds; verifying debt-related payments (principal, interest and fees) on all outstanding bond issues; submitting annual reports to all parties as required by legal covenants.
(3) Directing Treasury's annual private use verification/calculation effort to ensure compliance with IRS post-issuance requirements for tracking and calculating private business use of tax-exempt bond financed facilities; gathering project use data from managers on all campuses; staying abreast of changes in tax requirements, creating or adapting formulas to calculate annual use; managing collection of data from schools and departments and providing results for tax filing, in conjunction with the Office of the General Counsel and the Controller's Office; ensuring that the correct information is collected, verified, calculated and reported by tax filing deadlines established by the Controller's Office; maintaining and updating Treasury's master project file, which forms the foundation for all private use calculations, and all related files containing award, contract, lease and unrelated business income back-up critical to the annual calculation; coordinating the debt-related activities of others, (i.e. Office of the General Counsel, external counsel, financial advisor) to evaluate issues, developing feasible work plans, adhering to required schedules and producing results in a timely manner, and is also responsible for documenting, revising and communicating policies and procedures relating to capital financing, tax compliance and other Treasury related matters.
(4) As a functional back-up for liquidity management as needed, assisting in the maintenance of a flexible cash flow model to report actual and forecasted cash flows using various inputs from the Treasury Management System (TMS), school/department forecasts, market data, and Treasury analytics; supporting variance analysis; identifying impacts of changing factors within the forecast on the day-to-day operations of the Treasury Department; providing support for recommendations of optimal levels of working capital and liquidity.
(5) Preparing Trustee materials in collaboration with Treasury's Capital Planning team and the Office of Management and Budget (Capital Plan).
(6) Performs other related duties and special projects as assigned.
Bachelor's degree with a minimum of four years related experience required;
Master's degree in finance, business, accounting, data science or quantitative analytics preferred. Bond issuance experience and/or rating agency knowledge (process, requirements and IRS code familiarity/knowledge) strongly preferred. Accounting familiarity preferred. Investment banking training desirable.
Must be highly detail-oriented with strong analytical, problem-solving, financial and organizational skills. Excellent interpersonal, oral and written communication skills are required. Strong proficiency in Microsoft Office, particularly Excel, but also Word, PowerPoint, and Outlook is essential. Demonstrated ability to influence and work as a member of a team, to set priorities, and to handle simultaneously several complex or time-sensitive tasks is required. In addition, the successful candidate must be able to work well with all level of employees and have a passion for excellent customer service and a commitment to exceptional quality.
Equal Opportunity Employer / Disability / Veteran
Columbia University is committed to the hiring of qualified local residents.
Internal Number: 513827
About Columbia University
Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. The University recognizes the importance of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. It expects all areas of the university to advance knowledge and learning at the highest level and to convey the products of its efforts to the world.