Director of Finance - UA Foundation
Apply now Job no: 506169
Work type: Officer/Senior Administrator
Administrative Unit:University of Alaska Statewide
School/Business unit:Vice President of Finance
Categories: Business/Accounting/Finance, Executive/Director/Management
Position Summary: The Director of Finance is a member of the University of Alaska Foundation’s leadership team, responsible for oversight of all financial functions including budgeting, accounting, treasury and investments, tax and audit. The Foundation solicits donations and holds and manages those assets for the exclusive benefit of the University of Alaska. Total assets under management are approximately $375 million, including the Consolidated Endowment Fund investments of $310 million.
Additional position details
Relocation will be authorized
Education and/or training required for this position (including licenses)
A bachelor’s degree in a related field is required with a preference for a master’s degree and/or CPA.
Type and length of experience required for this position
The Director of Finance should be a dynamic and innovative leader with a proven record of achievement who can build upon the Foundation’s strong fiscal management and extend it in ways that continue to support the Foundation and the University. The successful candidate should have the following qualifications and experience:
Eight to ten years of progressive management experience in a senior level financial role, preferably from a university foundation or higher education institution. Relevant experience in a nonprofit or other organization, which is a best-in-class setting, may also be considered. Strong management skills with experience leading knowledgeable subject matter experts as well as recruiting, developing and retaining staff. Experience working effectively with a board of directors or trustees. Experience in preparing financial accounting reports and audit reports in compliance with FASB standards. Experience in planning and budgeting, preferably at the organizational level, and in addressing complex budgetary priorities and needs. Proficiency in statistical analysis, revenue forecasting, financial modeling, project modeling, and business plan development. Experience or exposure to managing endowments or retirement assets including interaction with portfolio managers. Demonstrated understanding of fund accounting systems and reporting for a large foundation associated with a major research university or an overall comparable scope of responsibility. Experience leading complex financial systems and organizations, particularly in a university setting.
Knowledge, skills and abilities required for this position
Excellent interpersonal skills and the ability to mentor and develop others.
Demonstrated personal and professional integrity through consistent actions. Ability to collaborate across an organization. This person is able to work effectively with a range of constituencies both internal and external to an organization and to gain trust and confidence for all levels. Strong oral and written communication skills, including presentation skills. This person should be able to address and persuade varied constituencies to build consensus and gain trust.
July 5, 2017
The successful applicant is required to complete a background check. Any offer of employment is contingent on the background check.
This position is designated as an officer of the university or senior administrator at the discretion of the president.
It is the policy of the University of Alaska Fairbanks that all employees are required to attend training to meet the requirements of the positions they hold, and to complete the required training within a specified period of time to remain employed at UAF. The policy can be located at:
UAF Campus is a tobacco-free campus. For more information, please go to:
Advertised: Alaskan Daylight Time 14 Jun 2017
100 Broad Responsibilities:
• advise the Foundation president and Trustees in matters related to finance and business affairs;
• under the general direction of the Foundation president, manage Foundation business affairs in an orderly, efficient, and prudent manner, in accordance with federal and state statutes and regulations, policies of the boards of trustees and regents, and appropriate other regulations, procedures, and responsible business practices;
• maintain a system of procedures and accounting that provides for effective controls over all funds received or receivable, and other assets, and a complete record of all receipts, disbursements and all other business transactions in conformity with generally accepted accounting principles and practices;
• maintain all records that may be required by law, contract, or other agreement;
• develop adequate financial statements and reports, prepared in accordance with Generally Accepted Accounting Principles or other applicable standards or regulations;
• provide for the completion of timely external audits of the Foundation’s financial statements, records, receipts, and disbursements;
• provide for timely completion of all tax filings in accordance with the Internal Revenue Code;
• in consultation with the Foundation president and staff, develop annual and long-term operating budgets that meet strategic objectives, as required by the Trustees
• develop a long-term financial plan that provides for financial stability;
• maintain investment policies and strategies for all liquid assets held by the Foundation and oversee and report on the performance of the investment decisions;
• perform such other duties as may be prescribed by the Foundation president.
This position has been delegated the authority from Board of Trustees to execute banking and investment contracts, purchase and sell securities, and withdraw funds from depository accounts. Authorized to commit expenditures on behalf of organization.
Responsible for determining cash requirements and providing sufficient liquidity from the Consolidated Endowment Fund and the Operating Portfolio to meet Foundation obligations.
Attend Board of Trustees, Investment Committee, and Finance & Audit Committee meetings. Give presentations and provide training to committees and Board of Trustees as appropriate. Provide expertise, advice and written recommendations on complex issues.
Provide guidance to executive management regarding Foundation tax related matters. Research and provide solutions to Foundation and University departments in tax related matters.
Direct oversight of external audits and serve as signatory on Audit Representation Letter for Foundation financial statement audit. Work with auditors to ensure timely and unmodified audit opinions. Oversee consolidation of Consolidated Endowment Fund financial statements with those of the Foundation and ensure all appropriate and required disclosures.
In consultation with executive staff, establish “best practices” policies for approval by Board of Trustees. Implement and ensure compliance with policies.
Provide Spending and Fee analyses to Board of Trustees and committees and recommend appropriate rates and strategies. Analyze impact of spending and fee scenarios on existing and future projects.
Make recommendations to the Board of Trustees and committees to ensure the short- and long-term financial health of the Foundation.
Provide oversight and guidance on financial sections of internal and external reports issued by the Foundation.
Work with Fund Manager to ensure compliance with investment & asset allocation strategies, review selection of investment managers and fiduciary due diligence. Recommend courses of action to Investment Committee as appropriate.
Assess liquidity requirements and acceptable risk for investment of non-endowed funds. Determine appropriate asset allocation for portfolio in compliance with Investment Committee guidelines.
With Foundation President, act as a liaison and relationship manager for fund manager, investment consultants, custodians, investment managers, banks and other service providers. Conduct appropriate due diligence and monitoring.
Conduct on-site visits to investment managers and fund managers, reviewing systems, processes and back-office operations. Report and make recommendations to Investment Committee.
Under the Foundation’s Corporate Authority Resolution, responsible for establishing financial services contracts, fund management and investment contracts and partnership agreements.
Travel within and outside Alaska to attend Board, Investment Committee and manager meetings, conferences and related events. Serve on Advisory Committees as appropriate. Essential
Back to search results Apply now Refer a friend