Banking & Cash Management

• Oversight of University of Iowa bank accounts, including account administration and user authorization
• Negotiation of contracts for credit card processing and lockbox receivable processing services. Ongoing monitoring of activity to ensure optimal pricing and consistent service levels
• Review and validation of daily bank transactions. Initiation of cash transfers for cash management and investment purposes
• Long-term and daily cash forecasting, including daily evaluation of cash positions to ensure appropriate investment of funds

Investments

• Monitor performance of externally managed investment pools:
  • Long term pool (includes endowment funds)
  • Intermediate pool
  • Operating pool
• Assure compliance with Iowa Code, Board of Regents, State of Iowa Investment Policy, University bond indentures, University policies and generally accepted accounting policies
• Direct responsibility for investment of restricted and unrestricted operating funds
• Administration of all endowment and quasi endowment funds in the long term and intermediate investment pools

Debt Service

• Bond Registrar and Paying Agent