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Careers at Drexel

About Drexel University

Located in the heart of Philadelphia, Drexel University is a world‐class, comprehensive, R1 research institution and a global leader in experiential education. For more than 100 years, our renowned Cooperative Education (co-op) program has enabled students to gain professional work experience before they graduate, setting them apart from their peers.

Committed to becoming the nation’s most civically engaged university, Drexel supports engagement along three dimensions: research and academic programs that directly benefit communities, business practices that support equitable local and regional economic development, and public service by students, faculty, and staff. Our engagement is long‐term, multigenerational, and fundamental to the University’s mission, heritage, and future.

At Drexel, we are devoted to fostering an inclusive and welcoming environment that promotes healthy lifestyles and is based on integrity, trust, and respect. We center equity, inclusion and belonging, and incorporate an anti‐racism approach to our strategic plan, organizational systems, policies and structures.

Drexel offers its highly engaged faculty and professional staff a comprehensive and world‐class benefits package that includes generous vacation and paid time off as applicable (including civic engagement days), up to an 11% 403(b) Retirement Plan match with immediate vesting, and remote and flexible work options for many roles. Our exceptional medical plans include domestic partner and fertility assistance and our award‐winning A Healthier U wellness program. In addition, faculty and professional staff at Drexel enjoy free tuition for themselves and their dependents for Drexel degree programs, certification, and non‐certification programs. And as part of the tuition offering to employees, Drexel participates in a tuition exchange program for dependents with other higher education institutions. These are just a sample of our extensive benefit offerings. Please see this Benefits Brochure for more information.

Associate Treasurer

Apply now Job no: 504682
Work type: Full-Time
Location: University City - Philadelphia, PA
Categories: Finance and Administration, Drexel University

Job Summary

The Associate Treasurer will report to the SVP, CFO for Drexel University. The position is responsible for day-to-day oversight of cash and treasury functions by ensuring stewardship over the cash assets and liabilities of the University by maximizing investment income, optimizing liquidity, managing risks, and streamlining processes associated with cash flows. This position manages daily cash needs, banking activities, and is responsible for debt management for the entire university. Additionally, this position will be responsible for understanding the capital budget and working with the SVP, CFO on all areas.

Essential Functions

  • Responsible for debt management, including new issuance and refundings.
  • Partners with Budget Office to forecast cash flow position and manage liquidity. 
  • Monitors and oversee various university initiatives and strategic projects as they relate to the treasury function.
  • Responsible for payroll accounts, overseeing staff who process ACH and wire transfers, and investing short-term cash.
  • Manages the university's cash including payment of liabilities and deposit of funds.
  • Provide advice to CFO regarding future indebtedness, debt capacity and all aspects of capital budget and financial forecasting.
  • Works with the Investment Office and Institutional Advancement on the acceptance of gifts, and working on endowment fund calculations. 
  • Interfaces with external partners including rating agencies, banks and others. 
  • Oversees calculation of endowment payouts under the university’s spending formula and interface with the Comptroller’s Office for posting to the ledger.
  • Supervisory responsibilities. 

Required Qualifications

  • Minimum of Bachelor's Degree or the equivalent combination of education and work experience. 
  • Minimum of 10 years of experience in Treasury functions
  • Experience with building cash flow forecasts, monitoring cash levels, overseeing wire transfers and other treasury functions.
  • Exceptional judgment and attention to detail required.
  • Strong organizational, verbal and written communications, presentation and interpersonal skills, ability to build rapport and be part of a team.

Preferred Qualifications

  • Experience in Treasury functions, preferably in higher education institution and/or a large complex organization.
  • Experience in capital budgeting is preferred
  • Experience working in an academic environment and knowledge of higher education operations, policies and procedures is preferred.

Location

  • University City - Philadelphia, PA

Additional Information
This position is classified as Exempt, grade P. Compensation for this grade ranges from $129,850.00 to $194,770.00 per year. Please note that the offered rate for this position typically aligns with the minimum to midrange of this grade, but it can vary based on the successful candidate’s qualifications and experience, department budget, and an internal equity review.

Applicants are encouraged to explore the Professional Staff salary structure and Compensation Guidelines & Policies for more details on Drexel’s compensation framework. For information about benefits, please review Drexel’s Benefits Brochure.

Special Instructions to the Applicant
Please make sure you upload your CV/resume and cover letter when submitting your application.

A review of applicants will begin once a suitable candidate pool is identified.

Advertised: Eastern Standard Time
Applications close: Eastern Daylight Time

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Drexel University is an Equal Opportunity/Affirmative Action employer that welcomes individuals from diverse and neurodiverse backgrounds and perspectives, and believes that an inclusive and respectful environment enriches the University community and the educational and employment experience of its members. The University prohibits discrimination against individuals on the basis of race, color, national origin, religion, sex, sexual orientation, disability, age, status as a veteran or special disabled veteran, gender identity or expression, genetic information, pregnancy, childbirth or related medical conditions and any other prohibited characteristic. Please visit our Policies page to view all University policies related to Human Resources and News and Announcements for workplace postings.

Background investigations are required for all new hires as a condition of employment, after the job offer is made.

Drexel University, in compliance with the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act (Clery Act) publishes the Drexel University Security & Fire Safety Annual Report for current and prospective students and employees. This report contains important safety information and crime statistics for the previous three years. These statistics pertain to reported crimes that have occurred on campus, in certain non-campus buildings or properties that are owned or controlled by Drexel University, and on public property within, or immediately adjacent to and accessible from the campus.

Printed copies of this report are also available by calling the Public Safety Administrative Office, 215.895.1550.

Additional information about the services provided by the Drexel University Department of Public Safety can be obtained by visiting their website.

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