P.O. Box 400210
Charlottesville, VA 22904-4210
The University's Vice President and Chief Financial Officer serves as the chief business officer of the University, with responsibility for establishing and maintaining financial infrastructure and policies for all units and divisions of the University.
The Vice President and Chief Financial Officer oversees key financial and business functions within the University, serving a range of customers. Among the areas of responsibility are debt and credit management, managerial analysis and allocation, financial performance measurements, and financial planning. The Vice President and Chief Financial Officer has administrative oversight of the University's affiliated foundations and the University's policy program. The Vice President and Chief Financial Officer reports to the Executive Vice President and Chief Operating Officer.
The Vice President and Chief Financial Officer oversees the management of the following University units:
- Business Operations: The area of Business Operations encompasses Student, Faculty, and Staff Housing; Parking and Transportation; the University Bookstore; Cavalier Computers; Dining Services; University Mail Services; Printing and Copying Services; the Child Development Center; the Cavalier Advantage debit card program; the ID Card Office; the University Cemetery and Columbarium; and the John Paul Jones Arena.
- Treasury Management: Treasury Management is responsible for providing cash management, debt management, and investment management and oversight for the University. Treasury also provides banking services to internal parties by providing loans, offering investment options, and managing cash flow in aggregate for the University's schools and departments. The management of long-term investments is addressed through a contract with the University of Virginia Investment and Management Company, (UVIMCO), a separate 501 (c)3 corporation.
- Financial Administration/Comptroller: The Financial Administration office is responsible for four main areas. Student Financial Services comprises the Office of Financial Aid and Student Accounts and is dedicated to providing efficient, courteous, and responsible financial services, while complying with federal, state, and University regulations. Accounting Services is responsible for financial transaction processing, account reconciliations, funds transfers, and accounting period closing schedules. Financial Analysis' responsibilities include cost analysis; financial reporting; property and plant accounting; investment and endowment accounting; debt accounting; and tax services. Revenue and Collections provides cashiering services for the University and oversees accounts receivable processing and training in Oracle.
- Research Administration: Research Administration (Office of Sponsored Programs) manages all fiscal aspects of externally funded grants and contracts awarded to the University. The office performs grant management functions, including the review and approval of proposals, negotiation of contracts and awards, billing and collections, financial reporting, and compliance monitoring.
- Risk Management: The Risk Management operation is responsible for managing risk at the University by providing a comprehensive risk financing program of insurance and self-insurance, giving loss prevention advice, managing claims for the University, and reviewing contractual arrangements for risk management and insurance concerns.
- Policy Office: The University Policy Manager coordinates the process for creating and revising policy and assists in the drafting of policy. The Manager is also responsible for cataloging the current policies; managing University policy web pages and links to other pages on the University's web site; maintaining an archive of retired policies; communicating new policy to the University community; and developing a community of policy writers.