MyWSCPA | Contact Us |News & Commentary

Associate Treasurer

Date Posted: January 2, 2019
Location: Seattle, WA
Company: University of Washington
Position Type: Full-time

Sector: Education


Duties and Responsibilities

•Supervise operations, accounting and reporting professionals
•Provide special project/process support for the Vice President UW Finance, the Vice President Advancement and the Chief Investment Officer as requested.

Specific responsibilities include (but are not limited to):

•Managing the investment portion of the University's annual audited financial statements including:Working directly with external auditors
•Reviewing and implementing changes in financial accounting standards
•Preparing Investment Footnote disclosures
•Accounting for the Consolidated Endowment Fund Oversees Investment Accountant and Endowment Administration Positions
•Unitizes Endowment market value and distributions
•Accounting for the Invested Funds (with assets of over $2 billion)Membership in the Invested Funds Governance Committee, along with Chief Investment Officer, Associate Vice-President, Deputy Investment Officer and other professionals
•Calculating the annual Invested Funds income allocation rates based on complex data from multiple sources
•Supporting the Budget Office in realized yield dispensation
•Accounting for split income and outside trusts

•Implementing the Board of Regents approved endowment spending policy
•Performing a periodic review of campus endowment spending
•Advising senior management regarding gift acceptance and policy issues
•Developing strategic relationships with administrators, deans, donors and other professionals
•Managing the CEF processes used in data gathering and reporting
•Managing gifts the acceptance and liquidation of securities for the University
•Training Advancement and Administrative professionals on endowment establishment and management
•Reporting to the campus community including CEF, IF and Life Income Designing and preparing related reporting package for senior management
•Managing Life Income trusts (assets of $66.5 million), including making investment decisions related to life income trust
•Advising donors and beneficiaries on questions related to trusts
•Working closely with the Director of Gift Planning and the Gift Planning team regarding gift acceptance and administration
•Filing Federal tax returns ad performing the accounting for the program
•Provide support to universities’ Self-insurance company Portage Bay Insurance (PBI) Member of PBI Finance Committee
•Reviewing and reporting on investment strategy to PBI board

Leadership Responsibilities
•Supervising professional staff
•In partnership with Advancement, conducting annual training for administrative professionals on endowment establishment and management
•Managing the investment portion of the University's annual financial statement reporting
•Directing the Invested Funds income allocation process
•Leading treasury and investment aspects of life income trust issues

Working Environment
This position provides critical UW financial information; responsible for accounting for $5 billion of University assets. Customers range from administrators to donors – large and small, central administration, Deans, the President and Provost Offices, all the way to the Regents. Working conditions require the ability to work in a high-pressure, fast-paced environment. The position requires not only strong accounting and analytical proficiencies but also excellent communication and reporting skills. The position must be able to multi-task and prioritize conflicting demands on time. Must be able to work overtime. Demonstrated supervisory skills are required.

As a UW employee, you will enjoy generous benefits and work/life programs. For detailed information on Benefits for this position, click here.

Position Qualification:

Position Qualifications

•Bachelor’s degree
•Active CPA license
•Five years managing professional staff
•Five years progressively responsible experience in investment accounting
•Demonstrated project and process management skills
•Superior written and verbal communication skills
•Experience prioritizing competing demands
•Strong customer service orientation
•Process improvement experience (Lean or other)
•Proven ability to work both independently and as part of a team

Equivalent education/experience will substitute for all minimum qualifications except where there are legal requirements such as license/certification/registration.

•Thorough knowledge of the University’s financial systems
•Experience working with outside advisers and investment professionals
•Experience with life income & trust management and gift agreement review
•Experience working in a Lean environment

Application Process:

The application process for UW positions may include completion of a variety of online assessments to obtain additional information that will be used in the evaluation process. These assessments may include Workforce Authorization, Cover Letter and/or others. Any assessments that you need to complete will appear on your screen as soon as you select “Apply to this position”. Once you begin an assessment, it must be completed at that time; if you do not complete the assessment you will be prompted to do so the next time you access your “My Jobs” page. If you select to take it later, it will appear on your "My Jobs" page to take when you are ready. Please note that your application will not be reviewed, and you will not be considered for this position until all required assessments have been completed.

Organization Statement:

As a UW employee, you have a unique opportunity to change lives on our campuses, in our state and around the world. UW employees offer their boundless energy, creative problem solving skills and dedication to build stronger minds and a healthier world. UW faculty and staff also enjoy outstanding benefits, professional growth opportunities and unique resources in an environment noted for diversity, intellectual excitement, artistic pursuits and natural beauty. All of which has allowed the UW to be nationally recognized as a “Great College to Work For” for five consecutive years. The UW Treasury Operations has an outstanding opportunity for an Associate Treasurer, Treasury Operations. This position leads the Treasury Operations area (TOPS team), a group that is responsible for accounting for over $5 billion of University investments. Major areas for TOPS include supporting UW financial audits, reporting investment transactions, implementing Consolidated Endowment Fund (CEF) policy, and reporting, providing advice and assistance with gift acceptance issues, projections, cash flows, Invested Funds (IF) policy questions, IF distributions, facilitating stock gifts and managing the Life Income funds. Reporting to Associate Vice President, Finance, this position partners with the University donor community and the Advancement Office to assure collaborative and creative problem solving donor needs. TOPS provides timely, responsive, professional service to campus. Customers range from department fiscal programmers and administrators to donors, central administration, Deans, the President and Provost Offices, and the Board of Regents. The team anticipates and addresses emerging needs by developing relationships with campus, providing education to customers and focusing on efficient and effective work processes. The position will closely collaborate with the University of Washington Investment Management Company (UWINCO) to assure accurate and timely accounting of investment transactions. This is a leadership position and is responsible for the direct supervision of professional staff.

Contact Information
Share with friends: