Senior Director, Treasury Management

The Senior Director, Finance/Treasury Management is responsible for managing the college operational accounting functions including the preparation, maintenance, and control of financial reporting systems for Procurement, Accounts Payable, and SFS Billing and Receipts. In addition, assesses the products, services, technologies and systems that are available and appropriate for treasury departments. Specifically responsible for overseeing the development and implementation of effective, integrated systems for payables, procurement, and SFS UG and Grad tuition billing and receipts; establishing short-term borrowing needs and recommending short-term investing initiatives; reviewing work of AP accountants; supporting the Associate Vice President, Treasury Management/Controller in the oversight of procurement functions for Babson College and Babson Global; and serving as a back-up for treasury functions, including cash reconciliation, bank relationships, cash flow management, and day-to-day treasury functions.

WHAT YOU WILL DO

• Evaluates, develops, and recommends fiscal policies relating to the finance operations of Accounts Payable, Procurement, and Student Financial Services Billing and Receipts of tuition and other programs.
• Oversees all cash management functions and reporting including developing cash forecasting methods.
• Maintains and cultivates banking relationships.
• Recommends items for strategic planning as well as alternative financing strategies.
• Works closely with the Finance Department’s Senior Accountant to oversee issuing letters of credit as well as managing performance bonds and guarantees.
• Analyzes, interprets, and communicates financial operating results to provide information and guidance to the AVP of Treasury Management/Controller.
• Takes a lead role in capital structure, debt management, bond issuance and/or share repurchases to ensure the most efficient use of the institution’s capacity and borrowed monies.
• Serves as contact for the treasury department in terms of cross departmental projects as needed.
• Collaborates with the AVP/Controller in the preparation of the annual treasury budget.
• Assists with developing key inputs into the balance sheet, income statements and cash flow statements for annual plan.
• Coordinates internal/external audits to ensure regulatory compliance.
• Serves as Subject Matter Expert for accounting questions and valuation matters.
• Participates in and oversees the monthly and year-end close of the AP, Procurement, SFS Student Billing and the preparation and review of the financial statements.
• Oversees the management of the accounts payable functions; in collaboration with the Director, Procurement & AP, oversee the close process including reviewing and posting journal entries, tracking the progress of the close, managing allocations, and maintaining account reconciliations.
• Manages the review of College bank reports and communicates with Accounts Payable and Associate Vice President of Treasury Management/Controller. Reviews for un-authorized electronic transfers. Assists in the escheated funds process.
• Supervises, trains, reviews, and audit the work of assigned Financial Services staff; develops annual goals; evaluates staff members and performs required performance reviews.
• Reviews reconciliations prepared by staff as appropriate and ensures timely resolution of outstanding items and variances.
• Responsible for ongoing implementation of accounting procedures and internal controls as determined by the Associate Vice President of Treasury Management/Controller. Assists in the documentation, evaluation, and testing of the College’s internal controls.
• Responsible for maintaining proper security to protect confidential information & disposing of CFI in an appropriate manner (i.e., shredding/deleting electronic documents, etc.).
• Assists the College’s IT Department with assessing the College’s compliance with the PCI data security standard.
• Supports the Associate Vice President of Treasury Management/Controller with ad hoc reporting, analysis, and special projects as assigned.
• Assumes additional responsibilities as required.

YOUR TEAM WILL INCLUDE

Director, Procurement & Accounts Payable

Director, Student Accounts

WHAT EDUCATION AND SKILLS YOU WILL NEED

Bachelor’s Degree in Accounting, Business Administration, or Finance required.

A minimum of 10-15 years of increasingly responsible leadership roles within the field of accounting; and a minimum of 5 years of experience managing staff and a budget.

Must have superior accounting skills with the ability to apply a financial perspective and analysis for business decisions.

Demonstrated effectiveness in working with a diverse student body, faculty, staff, and other constituents

Must have superior leadership and coordination skills with the ability to engage others through a democratic process, while serving as key decision maker

Ability to establish creditability and confidence with stakeholders

Exceptional collaboration and interpersonal skills, and the ability to be effective engaging with all levels within the college

Must have excellent management and leadership skills

Must have excellent oral and written communication skills as well as excellent attention to detail

Must have project management expertise

Ability to be flexible and a willingness to assume new tasks and special projects

Ability to work independently as well as part of a team

Ability to multi-task

Ability to create an environment where direct reports have the freedom and security to take initiative; deal with complexities with resilience, resourcefulness, and optimism; and appreciate open mindedness, creativity, and agility in thought and tactics.

Ability to embrace ideas and changes created by all community members.  

Ability to work independently to solve problems; look for opportunities to take on responsibility; take thoughtful risks; and effectively act on new and ongoing initiatives, objectives, and solutions to gain sought-after results.

Ability to anticipate and effectively handles change; demonstrate willingness to try new skills and challenging tasks; and is flexible in changing conditions.

Must have strong computer skills including proficiency in Microsoft Office (Word, Excel, Access, PowerPoint)

HOW AND WHERE YOU WILL WORK

All Babson College faculty and staff authorized to work on campus must be fully vaccinated against COVID-19, including any appropriate boosters . Proof of vaccination upon hire is required or within 21 days of becoming eligible for a booster. Contact Human Resources for medical accommodation or religious exemption requests.

ADDITIONAL SKILLS YOU MAY HAVE

• CFA, CPA, and/or CTP preferred
• Workday Financials a plus
• MBA or advanced degree in Finance preferred