Job ID: 2021-12944 Type: Full-Time # of Openings: 1 Category: Financial Services and Procurement
The Office of Finance & Treasury at Princeton University seeks a senior financial planning, analysis and management professional to join our Treasury Services team as Director of Treasury Planning and Operations. The Director is the principal individual responsible for building and maintaining the University’s Integrated Financial Planning Tool. Because the Integrated Financial Planning Tool is a “model of models” that brings together multiple financial planning models into a cohesive whole, 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, and general ledger/financial statement methodologies. The Director of Treasury Planning and Operations is responsible for using the Integrated Financial Planning Tool to develop reports, metrics, dashboards, scenario analyses, decision support frameworks, and presentation materials for senior executive leadership and for the Board of Trustees.
The Director of Treasury Planning and Operations will perform their duties independently as an important partner to executive leadership, in collaboration with multiple University offices. This individual is responsible for interacting with multiple University units to explore collaborative opportunities and process efficiencies, ensuring accurate and timely updates to the Integrated Financial Planning Tool. In addition, this individual is responsible for developing strategies and forecasts associated with the University’s cash and sources of liquidity, managing the University’s Cash Management department.
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 diversity 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 both diversity and community and embrace the variety of talents, backgrounds, and perspectives of all of our colleagues.
Develop, administer, and maintain the University’s Integrated Financial Planning Tool, a multi-year pro-forma financial statement & forecasting application.
Serve as the principal individual responsible for advancing the current level of organizational sophistication around integrated financial planning. Create a working, dynamic “model of models” - a multi-year GAAP-basis set of proforma financial statements – which encapsulates and integrates the models and tools associated with the University’s operating budget, capital budget, debt management systems and liquidity management systems.
Utilize advanced functions of spreadsheet, database, and presentation software applications.
Ensure that all financial guidelines/considerations are accurate, complete, understood and communicated to key stakeholders in a timely fashion, and correctly reflected and reconciled in the Integrated Financial Planning tool.
Use an analytical approach to evaluate and review budget-to-actual data from multiple constituents for reasonableness, accuracy, consistency, appropriateness of classifications, and variance reporting.
Manage an ongoing schedule of updates and reviews of operational data with senior management.
Develop financial reports for the University’s Board of Trustees and the executive leadership team.
Serve as the principal University individual responsible for developing data-driven management tools such as scorecards and dashboards, in support of key University initiatives and business processes, including a concise set of key performance indicators, metrics, and ratios associated with core university business functions and drivers.
Create scenarios and cases within the Model, developing tools to discretely and succinctly compare various business cases to one another in support of key University decisions.
Format, design, and prepare ad-hoc complex financial reports for internal and external audiences, presenting University financial data and secondary information in a clear and compelling manner to meet the needs of a variety of audiences.
Collaborate with operating units to realize processing efficiencies and business continuity.
Promote an environment of collaboration, transparency, approachability, and support between this office and the business leads responsible for the University’s operating budget, capital budget, debt management and liquidity management.
Maintain strong relationships with University business leads in order to identify and pursue collaboration opportunities and to optimize organizational effectiveness.
Collaborate with the Office of the Vice President and Treasurer, the Office of Planning, Budget & Analysis, the Provost’s Office, the Controller’s Office, Finance Technology, Facilities, Financial Aid, Advancement, Princeton University Invetment Company (PRINCO), Sponsored Research, and others to ensure that inputs into the Integrated Financial Planning tool are continuously in-sync with one another. Pursue opportunities to automate these inputs, where practicable.
Leverage project management skills to ensure timeliness of deliverables, managing and ensuring observance of established timelines and due dates. Consistently anticipate the needs of business partners, “connecting dots” and communicating potential solutions to emerging issues
Develop strategies and forecasts related to cash and other sources of liquidity.
Supervise the Cash Management department including the Cash Manager and University Cashier.
Lead the development of cash and liquidity forecasts and reports and the development of multi-year projections in relationship to the university endowment.
Develop strategic proposals to support the liquidity structure of the university and provide guidance on complex technical projects, business issues and operating investments
Bachelor's degree in Finance, Economics, Math, or other technical area of concentration(s) or six to ten years of related experience in financial planning, budgeting analysis and treasury operations.
Advanced to expert knowledge of Microsoft Excel
Advanced to expert knowledge of Oracle EPBCS or similar FP&A planning and forecasting systems
Expert knowledge of financial modeling and data analytics
Experience in building and maintaining enterprise planning software products such as Oracle’s Enterprise Planning and Budgeting Cloud Services (EPBCS). Broad understanding of information technologies and their applications, including financial and policy implications within a large organizational setting.
Deep understanding of GAAP accounting and forecasting, operating budget models, multi-year capital budget models, facilities/cap-ex forecasting models, endowment earnings/payout forecasts and models, cash flow forecasts, tuition and enrollment forecasts, and the overall interrelationships between these disparate models on the institution’s overall financial position
Master’s degree in Business, Economics, Finance, Accounting, and/or a CPA a plus.
Princeton University is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. EEO IS THE LAW
Princeton University is a vibrant community of scholarship and learning that stands in the nation's service and in the service of all nations. Chartered in 1746, Princeton is the fourth-oldest college in the United States. Princeton is an independent, coeducational, nondenominational institution that provides undergraduate and graduate instruction in the humanities, social sciences, natural sciences and engineering.As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its commitment to undergraduate teaching.Today, more than 1,100 faculty members instruct approximately 5,200 undergraduate students and 2,600 graduate students. The University's generous financial aid program ensures that talented students from all economic backgrounds can afford a Princeton education.