Funding and Liquidity Portfolio Manager - Finance Division

Carnegie Mellon University•Pittsburgh, PA

About The Position

The Funding and Liquidity Portfolio Manager works in Carnegie Mellon University’s Finance Division as part of the Treasurer’s Office and reports to the Treasurer. The role oversees university debt capital markets transactions, the liquidity investment portfolio, and financial risk management strategies. It leads debt structuring and issuance, manages short- and intermediate-term liquidity, directs annual credit rating agency reviews, and contributes to balance sheet management strategy. The position also builds capital markets knowledge among team members, promotes critical thinking and thought leadership across the Finance Division, maintains Treasurer’s Office procedures for business continuity, and helps evaluate and mitigate division-wide risks. The manager oversees debt transactions from initial consideration through execution, using the university’s debt management guidelines. Responsibilities include developing analyses and presentations for debt proposals and structural recommendations, managing the debt working group during issuance periods, negotiating debt terms, and overseeing transaction documents with the Office of the General Counsel. The role also supports capital expenditure proposals and maintains the debt portfolio, covenant compliance, reporting, operational integration, and financial-ratio stress testing. The position manages the university’s operating liquidity investment portfolio in accordance with investment guidelines and supports efficient trade processing with treasury operations. It oversees money market trading, credit analysis, portfolio management, external asset managers, and portfolio reporting. It develops frameworks and metrics for portfolio monitoring, including benchmarking, stress testing, maturity optimization in relation to cash forecasts, and investment recommendations. The manager follows monetary and fiscal policy developments and their effects on interest rates. Working closely with the Investment Office, the manager maintains relationships with banks, asset managers, primary dealers, credit rating agencies, and campus constituencies. The role leads annual credit reviews with S&P and Moody’s, oversees credit risk in the liquidity portfolio and financial risk in the debt portfolio, and recommends and leads cross-division initiatives to improve operating performance and balance sheet results. The successful candidate demonstrates exceptional critical thinking and attention to detail; creativity, strategic judgment, and adaptability to changing priorities and market conditions; the ability to explain complex financial market developments to leadership in actionable terms; and integrity in recognizing and managing financial risks in the context of controls and audit needs. A bachelor’s degree in Business, Finance, or Economics and at least eight years of progressively responsible professional experience are required. A master’s degree is preferred, and progress toward an MBA or CFA designation is required. Successful completion of a pre-employment background check, including a credit check, is required.

Requirements

Bachelor’s degree in Business, Finance, or Economics, or comparable knowledge demonstrated through a combination of education and relevant experience.
At least eight years of progressively responsible professional experience in asset management, banking, finance, or capital markets.
Experience building and implementing quantitative finance models.
Experience designing data analytics for visualization and decision-making.
Progress toward a Master of Business Administration or the Chartered Financial Analyst designation.
Exceptional critical-thinking skills and attention to detail.
Ability to think creatively and strategically while adapting to changing internal priorities and external market conditions.
Ability to communicate complex financial market developments to leadership in an understandable and actionable manner.
High integrity and demonstrated ability to recognize and manage financial risks in the context of controls and audit needs.
Successful completion of a pre-employment background check, including a credit check.
Must be currently legally authorized to work in the United States; Carnegie Mellon will not sponsor or assume sponsorship of an employment visa for this opportunity.

Nice To Haves

Master’s degree.

Responsibilities

Lead university debt structuring and issuance from transaction consideration through execution, following debt management guidelines.
Develop analyses and presentations supporting debt management proposals, including structural recommendations for senior management.
Manage the debt working group during issuance periods.
Negotiate debt terms and oversee preparation and review of transaction documents with the Office of the General Counsel.
Participate in developing and proposing capital expenditure projects, particularly their funding strategies.
Maintain the debt portfolio and ensure compliance with covenants and reporting requirements.
Facilitate incorporation of debt transactions into operational workflows and perform financial-ratio simulations and stress tests.
Manage the operating liquidity investment portfolio in accordance with university investment guidelines.
Support efficient and uninterrupted investment trade processing with the treasury operations team.
Manage money market trading, credit analysis, portfolio management, external asset manager oversight, and portfolio reporting.
Build and maintain frameworks and metrics to measure, analyze, and monitor the liquidity portfolio, including benchmarking, stress testing, and maturity optimization against cash forecasts.
Recommend investment strategies and monitor monetary and fiscal policy developments and their impact on interest rates.
Manage relationships with banks, asset managers, primary dealers, credit rating agencies, and campus constituencies.
Lead annual credit rating reviews with S&P and Moody’s.
Oversee liquidity portfolio credit risk and debt portfolio financial risk, and develop strategies to enhance balance sheet performance.
Recommend and lead cross-division initiatives to improve university operating performance.
Develop capital markets knowledge among team members and promote critical thinking and thought leadership throughout the Finance Division.
Prepare and routinely update Treasurer’s Office procedures to support business continuity.
Evaluate and mitigate risks across the Finance Division.