Director Of Treasury And Cash Operations With Umass Boston

This on-site Director of Campus Banking role at the University of Massachusetts, Boston offers the perfect opportunity to spearhead the strategic management of their Treasury and Cash Operations. You'll be an integral part of the Boston Campus's Fiscal Operations team, directly influencing the financial health of one of the country's premier public universities. Your strategic vision and leadership will be instrumental in driving financial efficiency and stability, directly supporting the university's educational mission. And as a bonus, you'll enjoy generous benefits, including a pension plan and ample PTO, providing peace of mind and time to savor all that Boston has to offer. If you're a seasoned professional with experience in higher education finance and a passion for making a difference, this is your chance to shine.

This is your opportunity to shine, submit your resume today!

Another Source’s client, UMass Boston, is recruiting a Director of Treasury and Cash Operations to join their team in Boston, MA. This is a great opportunity to play a vital role in overseeing the strategic management of the Boston Campus Treasury and Cash Operations. 

This position is internally titled Director of Campus Banking.

Here’s a little about UMass Boston and the position they are recruiting for:  

UMass Boston is a public research university in Boston, Massachusetts.  It is the only public research university in Boston and the third-largest campus in a five-campus university system.  UMass Boston is the third most diverse university in the United States. At UMass, we harness the revolutionary spirit of Massachusetts to deliver affordable, world-class education that transform lives, conduct groundbreaking research that improves our world, and create social and economic impact that shapes and energizes communities. 

Learn more about the department here: https://www.umb.edu/bursar/  

What’s in it for you:   

UMass Boston offers a comprehensive compensation and benefit package including health, dental, and vision insurance; life and long-term disability insurance; generous paid time off; tuition remission; and robust retirement options. https://hr.umb.edu/benefits  

Job Summary 

The Director of Campus Banking reports to the Controller and is an integral member of the Fiscal Operations team for the Boston Campus. The Director is responsible for the oversight and strategic management and of the Boston Campus Treasury and Cash Operations; overseeing the University’s commercial bank reconciliation and relationships, cash management procedures, dynamic receipt and disbursement services, treasury IT systems, PCI-DSS compliance and ecommerce platforms, monthly reconciliations for select accounts, daily cash positioning and forecasting and general ledger posting. The position works closely with campus departments, Bursar, banking partners and vendors to support the University’s treasury/cash management daily needs.

Essential Functions 

• Supervise, train, and lead the staff responsible for the daily operations of the banking & cash management unit. 
• Oversee all banking services and account reconciliation for all revenue/receipts policies and procedures for the campus. 
• Author, manage and communicate deposit processes for Accounts Receivable payments to campus partners. 
• Develop accounting reconciliation procedures to manage unclassified funds. 
• Provide oversight for all campus funds (e.g. Advance Funds, teller reserve funds and Imprest checking account). 
• Maintain cash management procedures to meet internal control requirements for operations. Reconcile all transactions for student accounts and campus receipts between teller system, billing system and general ledger. Also reconcile cash account to Treasurer’s Office totals on a daily basis and prepare the monthly bank statement reconciliation. 

• Reviews and procures contracts related to credit card processing and monitoring compliance, such as penetration testing, annual Self-Assessment Questionnaires (SAQs), quarterly scanning and Qualified Security Assessors (QSAs). Responsible for overseeing PCI concerns, actively playing a part in remediation efforts as needed. 
• Provide strategic direction and oversight on technology supporting banking & cash management operations including support for all payment channel management for campus. 
• Oversee the Ecommerce Vendor System and Maintain Vendor Relationship 

Minimum Qualifications  

• Bachelor’s or master’s degree in a STEM, business, accounting or economics field required.  
• 5-7 years of experience in higher education finance, corporate or municipal finance, treasury management, and/or accounting. Campus Treasury Services September 2023 06 K Fluency in using Microsoft Office (Excel, PowerPoint, Word), treasury management system and Oracle systems. 

Another Source works with their clients, on a retained project basis. We are committed to building inclusive candidate pools as we partner with hiring teams. Veterans, women, people of color, LGBTQIA+, and people with disabilities are encouraged to apply. As you read through the job posting and review the list of qualifications (required and/or preferred), please do not self-select out if you feel you do not meet every qualification. No one is 100% qualified. We encourage you to apply and share your story with us. 

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