Assistant Vice President of the Office of Treasury Management and Assistant Treasurer

companyHarvard FAS
locationUnited States
PublishedPublished: 12/16/2023
Leadership / Executive
Full Time


Assistant Vice President of the Office of Treasury Management and Assistant Treasurer

Financial Administration


Job Summary

Harvard University seeks an experienced finance leader to serve as the Assistant Vice President (AVP) of the Office of Treasury Management (OTM), Harvard’s equivalent of a Corporate Treasurer. As a key member of the senior leadership team, the AVP plays a vital role in ensuring the long-term stability and success of the University.

Reporting to the Vice President of Finance and Chief Financial Officer, the AVP leads the strategic oversight and management of the University’s capital structure, liquidity and related risks, and is responsible for meeting the varied transactional banking and cash management needs of constituents across the University. In this strategic role, the AVP analyzes trends, identifies opportunities, and partners closely with other senior leaders to ensure the University’s financial sustainability and alignment with its strategic goals. The AVP provides advice and guidance on financial policies, procedures, and best practices, and represents the university in external relations with banks, rating agencies, and other stakeholders.

The AVP directs the Office of Treasury Management, comprised of a 15-person team across the Cash Management and Debt/Asset Management groups, and leads university-wide projects to provide strategic financial thinking to senior university leadership.

This is an exciting opportunity to make a meaningful impact at a leading University. The AVP will play an integral part in charting our financial course for years to come. If you are looking for a senior leadership role where you can apply your expertise to support world-class education and research, we encourage you to apply.

Position Description

The AVP plays a critical strategic leadership role in several areas, including:  understanding the key financing trends and best practices in higher education finance and their implications and applications for Harvard; utilizing a thoughtful and strategic approach to the University’s capital planning / funding processes; and sourcing creative and original financing and funding concepts / approaches for potential implementation at Harvard. 

In addition, the role supplies leadership in managing the University’s centrally held assets and liabilities (through oversight of the Central Bank); oversees strategy, operation and performance of the University’s external debt portfolio (currently $6.2B); plays an integral role in the projection and monitoring of University cash flows (currently $6B+/year); oversees the development of University policies related to cash and to debt; oversees the provision of banking and transactional services to the University community, and manages Harvard’s liquidity and working capital investments, including a portfolio of fixed income investments (currently $1B).  The AVP plays a key role in developing the University’s capital funding plan, including making resource allocation recommendations to the University’s senior leadership and Corporation Finance Committee. 

The AVP maintains a strong and productive working relationship with the Harvard Management Company (HMC) such that the University’s strategic and tactical liquidity / funding needs are satisfactorily met.  In addition, the AVP advises schools and units on decisions affecting debt, financing strategy, and cash management.  In carrying out these functions, the position works closely with HMC, the Office of Finance and Strategic Planning, the Office of the Controller, Schools and units, and external parties such as investment and commercial banks, rating agencies, legal counsel, trustees, and investors.  The AVP is a member of the CFO’s Financial Leadership Team and attends the Corporation Finance Committee.

In addition to all the duties described above, specific duties include:

  • Directing the development and implementation of policies and analysis to support the operation of the Central Bank and optimization of the external debt portfolio
  • Overseeing the strategic issuance of external debt for the University and maintaining relationships with lenders, investors, banks, and rating agencies
  • Managing and monitoring the performance of investment assets and their ability to advance institutional goals while minimizing risk
  • Developing and ensuring the quality of financial and risk models and reports
  • Forecasting, monitoring, and arranging for liquidity/cash-flow requirements to ensure sufficient funds are available to meet operating expenses and obligations
  • Hiring and developing a highly competent and diverse workforce, embodying organizational values in a trusting, engaging environment
  • Developing relationships across the University to help guide and implement strategic financial decisions in a complex organization
  • Serving as a strategic financial advisor to senior University leadership 

This position also establishes and reviews external and internal debt policies, ensures compliance with debt-related tax regulations, monitors developments in the capital markets, establishes policies and procedures to ensure appropriate management of cash throughout the University, and assists schools and units in evaluating financing strategies. In addition to managing the University’s capital structure, the role also incorporates strategic cash management, including the ongoing expansion of payment options.

Basic Qualifications

  • Bachelor’s degree, with advanced degree preferred
  • 15+ years of progressive experience in finance, accounting, or treasury with experience in the capital markets
  • Excellent analytic, quantitative, problem-solving, conceptual, and communication skills
  • Strong computer and financial systems knowledge and skills
  • Strong leadership, relationship management and staff management abilities
  • Planning and organizational abilities
  • Knowledge of treasury functions and accounting required
  • Attention to detail and commitment to compliance
  • Familiarity with Harvard or higher education desirable.  

Additional Qualifications and Skills

The following Additional Qualifications are strongly preferred. If you meet some, but not all, you are still encouraged to apply; we value employees with a willingness to learn.

  • Leadership
  • Technical/professional knowledge and skills
  • Collaboration/teamwork
  • Developing others
  • Valuing diversity
  • Ability to think strategically, creatively, and collaboratively, and to adapt to changing priorities and demands
  • Demonstrated experience of communication at the Board and C-suite level.

Additional Information

Please provide a cover letter with your application.

Referrals, recommendations, or suggestions for this role can be sent to: ExecutiveSearches@harvard.edu

Please note:

  • Harvard University requires pre-employment reference and background screening. 
  • We are unable to provide work authorization and/or visa sponsorship. 
  • This position has a 90-day orientation and review period. 

The health of our workforce is a priority for Harvard University. With that in mind, we strongly encourage all employees to be up-to-date on CDC-recommended vaccines.

Harvard University IT plays an important role in supporting Harvard's commitment by seeking to create, procure and deploy technologies that are accessible to all, including and especially those who live with disability. Harvard welcomes individuals with disabilities to apply for positions and participate in its programs and activities. If you would like to request accommodations or have questions about the physical access provided, please contact our University Disability Resources Department. 

Work Format Details

This is a hybrid position that is based in Massachusetts. Additional details will be discussed during the interview process. All remote work must be performed within one of the Harvard Registered Payroll States, which currently includes Massachusetts, Connecticut, Maine, New Hampshire, Rhode Island, Vermont, Georgia, Illinois, Maryland, New Jersey, New York, Virginia, Washington, and California (CA for exempt positions only). Certain visa types and funding sources may limit work location. Individuals must meet work location sponsorship requirements prior to employment.

About Us

More about FAD:
Within and across the University, we aim to be exemplary colleagues, trusted partners, valued advisors, and agents of positive change.

Within our own community, we aspire to: 

  • Engage with respect, honesty, and integrity 
  • Cultivate equity, diversity, inclusion, and belonging 
  • Welcome innovation, collaboration, and flexibility 
  • Enjoy our work, grow professionally, and aim for the extraordinary 

Learn more about Financial Administration (harvard.edu) and our eight reporting units. (https://finance.harvard.edu/


We invite you to visit Harvard's Total Rewards website (https://hr.harvard.edu/totalrewards) to learn more about our outstanding benefits package, which may include:

  • Paid Time Off: 3-4 weeks of accrued vacation time per year (3 weeks for support staff and 4 weeks for administrative/professional staff), 12 accrued sick days per year, 12.5 holidays plus a Winter Recess in December/January, 3 personal days per year (prorated based on date of hire), and up to 12 weeks of paid leave for new parents who are primary care givers.
  • Health and Welfare: Comprehensive medical, dental, and vision benefits, disability and life insurance programs, along with voluntary benefits. Most coverage begins as of your start date.
  • Work/Life and Wellness: Child and elder/adult care resources including on campus childcare centers, Employee Assistance Program, and wellness programs related to stress management, nutrition, meditation, and more.
  • Retirement: University-funded retirement plan with contributions from 5% to 15% of eligible compensation, based on age and earnings with full vesting after 3 years of service.
  • Tuition Assistance Program: Competitive program including $40 per class at the Harvard Extension School and reduced tuition through other participating Harvard graduate schools.
  • Tuition Reimbursement: Program that provides 75% to 90% reimbursement up to $5,250 per calendar year for eligible courses taken at other accredited institutions.
  • Professional Development: Programs and classes at little or no cost, including through the Harvard Center for Workplace Development and LinkedIn Learning.
  • Commuting and Transportation: Various commuter options handled through the Parking Office, including discounted parking, half-priced public transportation passes and pre-tax transit passes, biking benefits, and more.
  • Harvard Facilities Access, Discounts and Perks: Access to Harvard athletic and fitness facilities, libraries, campus events, credit union, and more, as well as discounts to various types of services (legal, financial, etc.) and cultural and leisure activities throughout metro-Boston.

Job Function


Department Office Location

USA - MA - Cambridge

Job Code

FN0063 Financial Administration Dir

Work Format

Hybrid (partially on-site, partially remote)



Salary Grade



Office of Treasury Management


00 - Non Union, Exempt or Temporary

Time Status


Pre-Employment Screening

Credit, Criminal, Education, Identity

Commitment to Equity, Diversity, Inclusion, and Belonging

Harvard University views equity, diversity, inclusion, and belonging as the pathway to achieving inclusive excellence and fostering a campus culture where everyone can thrive. We strive to create a community that draws upon the widest possible pool of talent to unify excellence and diversity while fully embracing individuals from varied backgrounds, cultures, races, identities, life experiences, perspectives, beliefs, and values.

EEO Statement

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, gender identity, sexual orientation, pregnancy and pregnancy-related conditions, or any other characteristic protected by law.

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