Associate Director, Debt Planning and Capital Markets - Division of Finance

Associate Director, Debt Planning and Capital Markets - Division of Finance

University Overview

The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn's distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America's Best Employers By State in 2021.

Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.

The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.

COVID-19 vaccination is a requirement for all positions at the University of Pennsylvania. New hires are expected to be fully vaccinated before beginning work at the University. For more information about Penn's vaccine requirements and the use of Penn Open Pass, visit the Penn COVID-19 Response website for the latest information. 

Posted Job Title
Associate Director, Debt Planning and Capital Markets - Division of Finance

Job Profile Title
Associate Director E

Job Description Summary
The Associate Director will serve as a member of the Executive Director of Finance and Treasury senior leadership team and will lead/ develop strategic financial analyses for University-wide decision support. The position will be engaged in a senior role with internal constituents across the EVP Division and the University, as well as external constituents including auditors, investment banks and rating agencies. The position will have a critical role in the developing and managing the University's long term financial models, strategic financial analyses across Schools/ Centers, resource planning and proforma development. The position will provide the most senior support for the University on various issues that has an impact on its financial resources and potential. 

In partnership with the Executive Director, the Associate Director will be a leading member of the Penn team on its $1.9 billion debt portfolio (FY21) related decisions and will lead Debt Subcommittee and rating agency presentations and analyses, as well as its working capital portfolio of $3.3 billion (FY21). Debt oversight includes keeping abreast of current market changes, managing credit agency relationships, analyzing and evaluating debt financing and refinancing options, monitoring and balancing the asset and liability allocation and communicating with the Budget and Finance Committee and the Debt Subcommittee. The working capital portfolio includes a 3-tiered investment structure for maintaining short, intermediate, and long-term liquidity for the University in compliance with stated investment policies. 

The Associate Director will participate in various capital project related discussions across the University and is responsible for delivery of a comprehensive liquidity analysis for EVP and VP of Finance that will enable decision support for capital funding decisions of the Central Bank of the University. This position will drive continued process improvement and modernization of financial analyses and will be expected to stay ahead of the most strategic issues shaping the financial health of the higher education industry and think proactively to leverage opportunities and mitigate downside impact.

In the Division of Finance, we recognize diversity and inclusion is paramount to a positive and thriving work environment; it is a business imperative. We are committed to actively fostering diversity, inclusion and cultural competency throughout our operational efforts in the Division of Finance. This role will be critical in supporting those efforts and demonstrating behaviors and competencies that reflect Penn's values.

We take pride in the myriad ways that diversity enriches our curriculum, and the cultural and social life of our campus. Penn's commitment to achieving eminence through diversity is ultimately a commitment to creating a more vibrant university so that our graduates will be both stimulated and empowered to shape a better world.

Job Description

Debt Portfolio Management including Capital Market Access Planning/Bond Financings: The University has a $1.9 billion external debt portfolio and a $4.6 billion Consolidated University debt portfolio. The Associate Director will be a key member of the external debt management team and in partnership with the Executive Director will monitor movements and trends in the financial markets to ensure that Penn is able to execute opportunities that can result in optimization of its working capital. This effort also involves ensuring that Penn is compliant in all areas that allows the University to issue tax-exempt bonds and Penn is adhering to its obligations towards its bond holders. The Associate Director will work with UPHS on their bond offering and play a strategic role in the rating agency relationships for both the University and UPHS credit ratings and disclosure requirements (bond documents, EMMA submissions, etc.)

Budget & Finance Trustees Committee: The Associate Director will oversee and coordinate all matters as they relate to the Budget and Finance Committee meetings. This involves but are not limited to:

  • Preparation of quarterly financial and long-term trends presentations and innovating how we delivery financial and operating information to effectively engage decision makers
  • Proactively producing analyses and data points that will assist the VP of Finance in the preparations for Trustees meetings
  • Engage with internal counsel/OGC, external counsel, Facilities/FRES, Health System and various parties throughout Penn on resolutions for capital projects, contracts, debt, etc. requiring Trustee approval
  • Facilitate communications between EVP and VP of Finance with Deans and VPs on school and center focused presentations

Central Bank/Org 4: The Central Bank of the University has $5.1 billion of assets and $3.9 billion of liabilities which nets to net assets of $1.2 billion. The Associate Director will oversee the monitoring and analysis of these assets and liabilities and produce financial statements, budgets and forecasts to enable Penn to optimize its usage of assets and debt and deploy capital that will have the greatest impact on Penn's mission.

Analyst Program: The Associate Director will be a critical strategic partner in the Analyst Program within Finance and Treasury (currently there are 3 Financial Analysts in this program). The AD will hire, onboard, supervise, evaluate and continuously train current and new financial analyst(s) to assist and prepare them for their next stage in professional development. The AD will also explore ways to improve and expand the Analyst Program beyond the Finance and Treasury Department to other departments within DoF and beyond DoF.

DoF/Penn Committees and Working Groups: The Associate Director will also commit to being an active leading member in various Division of Finance and Penn Committees and Working Groups as the opportunities arise. Current examples of committee work will involve (1) Data Delivery Committee; (2) Risk Committee and (3) Racial, Justice and Inclusion Working Group.

Special projects/other duties as assigned: This is also an essential part of the position. The nature of the Finance & Treasury Department requires team members to pivot efforts when needed as financial circumstances and opportunities may dictate that we refocus our efforts.


  • Bachelor's Degree or equivalent and related work experience; major in Finance or Business preferred with 5-7 years of related experience.
  • Demonstrated experience providing leadership and oversight around Capital Market Access Planning/Bond Financings, quarterly financial and long-term trends presentations within a University setting or other entity is preferred.
  • Ideal candidate will have advanced skills with financial analysis and full proficiency in various software tools related to analysis and reporting.
  • Certified Treasury Professional (CTP) certification offered through the Association of Financial Professionals preferred.
  • Impeccable analysis, presentation and excellent customer service skills.
  • Excellent written and oral communication skills.
  • Ability to work effectively as team member in a fast-paced, deadline driven environment with multiple projects and priorities.
  • Demonstrated ability to work effectively with diverse decentralized customers and constituents.
  • Working knowledge of office productivity tools (e.g. FreshDesk, Microsoft Office, Salesforce, Business Objects).
  • Strong risk analysis and problem solving skills in business, higher education and regulatory environments.
  • Strong organizational skills; ability to manage multiple responsibilities at one time.
  • Demonstrated ability to be detail-oriented and accurate. 
  • Able to handle multiple tasks simultaneously. 
  • Demonstrated organizational and prioritization skills, along with the ability to work within tight and often conflicting deadlines.
  • Must be flexible, show effective judgement, discretion and have the ability to handle confidential financial matters.
  • Work effectively in a highly matrixed and decentralized environment with the ability to navigate through ambiguity and demonstrate appreciation and support for diversity, inclusion and belonging in a constantly evolving academic/higher education environment.

Please include a cover letter to your resume submission in Workday.

Job Location - City, State
Philadelphia, Pennsylvania

Department / School
Division of Finance

Pay Range
$72,837.00 - $138,391.00

Affirmative Action Statement 
Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.

Special Requirements 
Background check required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.

University Benefits

  • Health, Life, and Flexible Spending Accounts: Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family's health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.
  • Tuition: Take advantage of Penn's exceptional tuition benefits. You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.
  • Retirement: Penn offers generous retirement plans to help you save for your future. Penn's Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.
  • Time Away from Work: Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family—whatever your personal needs may be.
  • Long-Term Care Insurance: In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you're newly hired, you won't have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.
  • Wellness and Work-life Resources: Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That's why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.
  • Professional and Personal Development: Penn provides an array of resources to help you advance yourself personally and professionally.
  • University Resources: As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University's libraries and athletic facilities, or visit our arboretum and art galleries. There's always something going on at Penn, whether it's a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you're right in the middle of the excitement—and you and your family can enjoy many of these activities for free.
  • Discounts and Special Services: From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.
  • Flexible Work Hours: Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.
  • Penn Home Ownership Services: Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.
  • Adoption Assistance: Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.

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