Jul 09, 2019

Director, Global Cash Management and Operations

  • Columbia University
  • New York, NY, USA
Full time Treasury Finance Accounting

Job Description

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.  Columbia is one of the top academic and research institutions in the world, conducting path breaking research in medicine, science, the arts, and the humanities. It includes three undergraduate schools, thirteen graduate and professional schools, and a school of continuing education. We are committed to attracting and retaining the best and brightest in the workforce to support our mission of excellence in higher education and research.



Reporting to the Associate Treasurer, Global Cash Management and Operations, the Director, Global Cash Management and Operations is responsible for managing cash operations and supporting debt financing and capital planning.  The role is responsible for the development and maintenance of systems, tools and processes to track, analyze and report cash flow and liquidity, and provide analytical support for debt financing and capital planning.   The Director will focus on the use of technology for financial modeling and advanced use of statistical and data-mining techniques to perform financial and business analysis, and best in class reporting and compliance tracking. The Director is a key liaison between cash and capital planning in Treasury and the Office of Management and Budget supporting capital structure/financing options, rating agency presentations, and interest rate and investment income/expense forecasts.  The Director is responsible for evaluating and implementing operational controls and best practices in cash management and managing related compliance and reporting.  The Director oversees external investment managers and develops strategy for Treasury’s working capital investment portfolio.  The role will also lead Treasury initiated projects or cross-functional projects within Finance or other university schools and departments and act as a general back up to the Deputy or Associate Treasurer as necessary. 

The Director supervises two staff.

Cash Flow and Liquidity Reporting and Analysis

  • Maintain 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; support variance analysis; identify impacts of changing factors within the forecast on the day-to-day operations of the Treasury Department; provide support for recommendations of optimal levels of working capital and liquidity.
  • Work with the key internal constituents to publish a monthly cash report by revenue/expense category generated from the financial accounting system.
  • Work with the Treasurer’s team, Office of Management and Budget, and external financial advisor to evaulate the impact of capital financing projections on resulting working capital forecasts. Work as an integral member of the internal bank team led by the Deputy Treasurer responsible for strategic liquidity planning.
  • Provide analytical support for debt financings and bank facilities and create a strong working relationship with the Assistant Director Capital Planning to provide back up as necessary.
  • Provide analytical support to the Director Capital Budgets related to tracking and reporting on the University’s Capital Plan as well as various Internal Bank activities. Work with schools and departments directly to confirm cash forecast and analyisis of variances. 
  • Prepare budget and updated forecasts of working capital investment income/expense and coordinate reporting with the Office of Management and Budget.
  • Develop and deliver associated training and document processes on how to manage and update the cash flow model.

Global Treasury Operations

  • Provide leadership and strategic direction to Global Treasury Operations team in management of day to day cash positioning, funds transfers, cash accounting and GL integration from TMS, short term cash forecasting, working capital investments, bank account management and compensation, online bank system administration, and ServiceNow and cashteam queues.
  • Back up Global Treasury Operations staff as necessary to execute daily cash management functions.
  • Provide oversight and review of daily cash position and investment decisions.
  • Accountable for Cashteam and ServiceNow queues and escalation point for complex matters.
  • Manage working capital asset managers and oversee execution of investment strategy.
  • Manage bank accounts; open/close/update domestic bank accounts and ensure Treasury records are updated.
  • Work with the Global Support team to open/close/update interenational bank accounts, evaluate international cash balances and foreign exchange exposures, and provide back up for FBAR.
  • Facilitate sales of miscellaneos gifts of securities and liase with brokers.
  • Work closely with members of the Global Treasury Operations team to keep content current on the Treasury website as policies and procedures evolve.
  • Assess departmental and school needs to develop and implement cost effective and customer focused Treasury products and procedures in accordance with internal and external control environment.


  • Actively keep apprised of trends, new developments, related regulations and compliance requirements in the field of Treasury, Capital Planning and liquidity management.
  • Support the Deputy Treasurer and Associate Treasurer on special projects and assignments.
  • Other responsibilities as assigned.



Bachelors degree required; masters degree (preferably in Finance, Accounting or Business) preferred. 7 years experience in finance, accounting or business required, preferably with a strong background in Treasury Operations. CTP (Certified Treasury Professional) designation required, or obtain certification within 18 months of assuming role.  General knowledge of cash accounting practices, and financial statement analsyis. Strong quantitative and analytical skills with the ability to spot patterns, trends and opportunities in data.  Solid knowledge of Microsoft Office (Word, Excel, Pivot Tables, Access, Outlook, and PowerPoint).  Merchant account management or credit card processing experience a plus.  Must be detail oriented and have excellent problem-identification and problem-solving skills.  Must be dependable, a self-starter, energetic, results oriented, able to influence and to work as a member of a team.  Prior management experience preferred – can be leading cross-functional teams or direct reports.  Treasury Management System experience preferred.  GL accounting background desireable.  Must have high level of proficiency working in MicroSoft Office (Work, Excel, Access) and be comfortable working with databases and big data.  Creative and strategic thinker with the ability to balance against business constraints.  Excellent oral and written communication skills, along with the ability to communicate and negotiate with a variety of internal and external constituents.  Ability to explain complex scenarios and analysis simply and clearly.  Ability to partner closely with internal and external stakeholders to support optimal collaborative efforts.  Must exhibit a professional attitude and ability to maintain confidentiality.  Must have the ability to deal with a diverse customer base and to effectively resolve conflicts.  Must be able to understand and meet project deadlines and have demonstrated capabilities in managing projects.  Experience with on-line transaction systems, web and project management software a plus.


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