Associate Treasurer & Director of Debt Management

University of Colorado • Denver, CO

15d • $165,000 - $185,000 • Hybrid

About The Position

The Treasurer's Office has a dual report to the Board of Regents and the Vice President for Budget and Finance and is responsible for overall cash management, debt management, and property management. The office provides support and assistance to the campuses on financing strategies, real estate issues, banking relationships, and other investment-related issues. The Associate Treasurer and Director of Debt Management is a senior member of the Treasurer’s Office, and as such, is expected to manage the university’s debt portfolio, including new debt transactions, and ensure compliance with regulatory agencies. The person occupying this position is expected to possess complex problem-solving skills and make impactful decisions on behalf of the university. The Associate Treasurer must be both a strong team player and an independent worker, with excellent verbal/written communication and interpersonal skills. This position reports to the Treasurer, CIO, & AVP and is exempt from the State of Colorado Classification system.

Requirements

• Strong team-player, an independent thinker with advanced level of analytical and problem-solving skills
• Demonstrates strong communication, negotiation, and presentation skills
• Ability to provide attention to detail and meet deadlines
• Flexible and adaptable to shifting priorities and demonstrates ability to handle multiple priorities
• Demonstrates discretion in handling confidential information
• Demonstrates exceptional customer service skills and commitment to achieving results
• Knowledge and understanding of capital markets, commercial and investment banking, risk management, accounting principles and its impact on university’s debt and investment portfolios
• Knowledge of Peoplesoft FIN system
• Knowledge of Treasury best practices
• Leadership and project management skills
• Strong interpersonal skills, including the ability to facilitate efficient and effective interaction, communication, and collaboration between internal and external business partners and stakeholders
• Demonstrates ability to establish and maintain good working relationships with co-workers, other University personnel, external business partners, and the public
• Ability to learn and apply existing and emerging technologies
• BA or BS degree from an accredited institution of higher education
• Ten years of experience in finance, investment, or banking, or within the financial function of a large organization with at least seven years of experience dealing with debt or investment matters
• Five years of experience handling complex debt accounting
• Demonstrated experience with SEC Rule 15c2-12 Continuing Disclosure and other debt compliance procedures
• Demonstrated experience in financial analysis, including building financial models

Nice To Haves

• Twelve years of professional experience in finance, credit, or a related area
• Ten years of experience working with various debt instruments including VRDB, FRN, Commercial Paper, Revolving Line of Credit, in both taxable and tax-exempt debt
• Knowledge of and experience with financial models, cost/benefits analysis and investment analysis
• MBA or related advanced degree in finance, accounting or related area from an accredited institution of higher education
• Five years of professional experience with capital budgeting process
• Certified Treasury Professional (CTP)
• Certified Professional Accountant (CPA)
• Knowledge of and experience with financial models, cost/benefits analysis and investment analysis

Responsibilities

• Demonstrates strong understanding of the Treasurer’s duties and serves as a backup to the Treasurer
• Stays abreast of capital market trends and debt-management technologies, evaluates benefit and applicability to the university and makes recommendations to the Treasurer as appropriate
• Reviews and updates the University Policy on Debt Management and the associated implementation procedures as needed, and advises and prepares recommendations to the Treasurer on potential policy issues
• Analyzes legislative bills and regulatory proposals that impact Treasury functions and advises the Treasurer on the likely consequences of the bill or regulation
• Maintains knowledge about reporting requirements for Regents, federal, state and other university organizations, particularly regarding debt and submits such reports on a timely basis
• Provides specific reports, plans presentations, board resolutions, and other documents for the Treasurer as needed
• Assists the Treasurer in development of annual budget on planned debt issuance and existing debt service payments and analyzes budget variance to actuals as needed
• Manages special projects as assigned by the Treasurer
• Collaborates with representatives from campus finance teams and the university’s financial advisor to provide input on capital funding strategy and to identify the optimal financing structure to fund capital projects and makes recommendations to the Treasurer and campus finance officers
• Collaborates with the university’s financial advisor, bond and disclosure counsels, underwriters, and other business partners in managing the debt issuance process, including commercial paper marketing/remarketing and operating line of credit renewal and/or replacement
• Leads the preparation of bond documents including coordination of data collection from campuses and departments for Official Statements and for Continuing Disclosure Statements
• Takes a lead in coordinating with appropriate partners such as State Auditor’s office, rating agencies, and insurers in advance of debt issuance
• Evaluates/manages the use of derivative instruments in association with university liabilities, when applicable
• Plans, develops, and executes processes for evaluating debt capacity and allocation of debt and evaluates outstanding debt to identify opportunities to refinance in a cost-effective manner
• Advises campus finance teams on impacts of alternative financing, including public private partnership, on projects and university in general, and ensures such alternatives are consistent with university’s policies and procedures and regulatory requirements
• Supports the Treasurer and campus finance team in the implementation of an internal bank if requested including documenting policy and procedures and cash flow modeling of internal campus loan repayment and external debt service to bondholders
• Provides training to campuses on outside debt financing options and impact of such options on campus budget
• Cross trains other treasury staff on debt accounting, reporting and compliance requirements to ensure back-up coverage for debt area
• Prepares debt related presentation/education materials for Regents, Chancellors and campus finance teams, as necessary
• Coordinates the investment and reinvestment of borrowed proceeds with the Treasurer and Assistant Treasurer Cash and Short-term Investments
• Coordinates and manages the university’s relationship with and services of financial advisor, underwriters, rating agencies, bond and disclosure counsels, bond insurers, trustees, remarketing agents, letter-of-credit providers, State Auditor’s Office and other business partners related to university’s debt portfolio
• Initiates and maintains organizational structure for debt records
• Manages the external reports related to debt that are required by external service providers, Federal regulations, State statutes, Regent policies, rating agencies, bond covenants, and contracts, such as continuing disclosure and arbitrage calculations, and ensures timely submission of such reports
• Monitors and ensures continued compliance with the covenants of existing debt instruments, certain leases, internal loans, VRDB’s and CP Payments as needed and ongoing disclosures and reporting requirements
• Coordinates arbitrage rebate reports with outside consultant to provide necessary documentation and data
• Collaborates with campuses and other business partners on transactions that involve the incurrence of material financial obligations by the university and related entities and submits such notice on EMMA within required timeframe
• Assists the Treasurer in responding to information requests from the Board of Regents, CFOs, the President’s office, CCHE, and other policy making boards
• Identifies contingency plan for debt related transactions and updates business operations continuity plan
• Records debt-related transactions, including new issuances according to GASB; tracks and reports the initiation of payments and maintenance of debt data
• Provides debt-related accounting support to all campuses, including project allocations and other support as needed
• Performs monthly, quarterly and annual reconciliations of all debt instruments, including debt service payments and allocations to projects/campuses
• Manages campus lines of credit for internal loans including board approval, drafting resolutions, determines appropriate interest rates for internal loans per Resolution, and creates amortization schedules
• Initiates and/or provides information for debt service payments and expense wires
• Serves as the primary Treasury liaison with external auditors and Office of the Controller Accounting Services for debt related audit schedules and follow up communications
• Prepares all audit confirmations, audit schedules, and supporting documentation for audit requests related to debt including the subsequent event notice to the controller’s office
• Collaborates with campuses in updating cash flow forecast as it relates to capital and unusual operational expenditures and informs Assistant Treasurer Cash and Short-Term Investment for prudent investment decision making
• Collaborates with appropriate parties in managing the RFP processes to select debt related service providers according to procurement regulations and contract negotiation
• Participates in RFP process for service providers in other areas of treasury as needed
• Keeps up to date with new products and ideas related to debt management and works collaboratively with other areas within the university system and external stakeholders to achieve treasury’s goals
• Provides back up support as needed for critical functions in treasury

Benefits

• With our unparalleled range of benefits, including top-notch healthcare, comprehensive wellness programs, enriching professional development, and a dynamic work-life balance, we ensure your holistic growth and happiness. For more information on benefits programs, please review our Comprehensive Benefits Guide . Access our Total Compensation Calculator to see what your total rewards could be at CU.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level