Department

F&A FIN - Financial Services

About the Department

The primary goal of Financial Services is to support the core mission of the University through exemplary fiscal stewardship. Our services and programs are geared toward providing our customers outstanding response and service while fulfilling compliance and fiduciary obligations. Among many duties, Financial Services has responsibility for accounting and financial reporting; cash, endowment, and debt management; payroll; sponsored award accounting; and purchasing and paying for goods and services.

Job Information

Job Summary:

The Assistant Vice President (AVP),Treasury and Risk provides strategic and operational leadership for the University’s financial management functions, including treasury operations, financial planning and analysis (FP&A), risk management, and accounts receivable. The AVP plays a key role in ensuring the institution’s financial strength, liquidity, and risk resilience in alignment with the University’s mission and long-term objectives. This position will report to the Associate Vice President for Finance on matters related to capital structure, liquidity, financial forecasting, and enterprise risk exposure, and will partner closely with divisions and departments across the University to implement sound financial practices and promote fiscal accountability.

Responsibilities:

• Oversee cash and liquidity management, ensuring efficient use of working capital and timely execution of banking transactions and regular review of cash positioning and banking structures.
• Manage short- and long-term financing activities, including debt issuance, debt compliance, and relationships with rating agencies, lenders and financial institutions.
• Direct cash flow forecasting and coordination with the University’s investment office as appropriate for investment of operating funds.
• Develop and maintain treasury policies, internal controls, and systems that support financial efficiency and compliance.
• Lead development of multi-year financial plans and forecasts to inform institutional strategy and decision-making.
• Oversee analysis of financial performance, key metrics, and scenario planning to support University leadership and board reporting.
• Partner with academic and administrative units to enhance financial reporting and modeling, long-range planning, and capital planning processes.
• Direct the University’s risk management practices and insurance programs, including management of the University’s captive.
• Oversee procurement and management of the University’s insurance portfolio, including claims management and risk financing strategies.
• Collaborate with departments to develop policies and training that strengthen risk awareness and resilience.
• Manage the University’s accounts receivable operations, ensuring effective billing, collections, and credit management practices.
• Implement systems and controls that promote efficiency, accuracy, and compliance with federal and state regulations.
• Support initiatives to optimize cash flow and working capital through enhanced receivables management and reporting.
• Lead a team of finance professionals across treasury, FP&A, risk, and receivables; promote a culture of excellence, integrity, and collaboration.
• Serve as a key liaison to senior University leadership, external auditors, financial institutions, and other stakeholders.
• Drive process improvements, technology adoption, and professional development across all areas of responsibility.
• Performs other related work as needed.

Competencies:

• Strong understanding of treasury and cash management principles, debt financing, financial modeling, and risk management frameworks.
• Exceptional analytical, strategic thinking, and problem-solving skills.
• Excellent communication and presentation skills, with the ability to translate complex financial concepts for diverse audiences.
• Proven ability to manage multiple priorities and manage teams through change.
• Commitment to the University’s mission, values, and culture of rigorous inquiry and excellence.

Additional Responsibilities

Education, Experience or Certifications:

Education:

• Bachelor’s degree in finance, accounting, economics, public policy or a related field required.
• Master’s degree in similar fields preferred.

Experience:

• Demonstrated experience managing teams and collaborating across diverse institutional functions.

Required Documents:

• Resume/CV

Job Family

Senior Administrators

Scheduled Weekly Hours

37.5

Drug Test Required

No

Health Screen Required

No

Motor Vehicle Record Inquiry Required

No

Pay Frequency

Monthly

Pay Rate Type

Salary

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FLSA Status

Exempt

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Pay Range

$250,000.00 - $300,000.00

The included pay rate or range represents the University’s good faith estimate of the possible compensation offer for this role at the time of posting.

Benefits Eligible

Yes

The University of Chicago offers a wide range of benefits programs and resources for eligible employees, including health, retirement, and paid time off. Information about the benefit offerings can be found in the Benefits Guidebook.

Posting Statement

The University of Chicago is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender, gender identity, or expression, national or ethnic origin, shared ancestry, age, status as an individual with a disability, military or veteran status, genetic information, or other protected classes under the law. For additional information please see the University's Notice of Nondiscrimination.

 

Job seekers in need of a reasonable accommodation to complete the application process should call 773-702-5800 or submit a request via Applicant Inquiry Form.
 

All offers of employment are contingent upon a background check that includes a review of conviction history.  A conviction does not automatically preclude University employment.  Rather, the University considers conviction information on a case-by-case basis and assesses the nature of the offense, the circumstances surrounding it, the proximity in time of the conviction, and its relevance to the position.
 

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