New

Section Manager - Payment Strategies

Texas Tech University
United States, Texas, Lubbock
Jan 09, 2025
Lubbock Section Manager - Payment Strategies 39830BR Procurement Services Position Description Manages a section in a department that has institutional oversight. Plans, organizes and develops goals and procedures for the section. Represents the section to administrators, outside agencies and others on relevant matters. Supervises subordinate staff. About the University Established in 1923, Texas Tech University is a Carnegie R1 (very high research activity) Doctoral/Research-Extensive, Hispanic Serving, and state-assisted institution. Located on a beautiful 1,850-acre campus in Lubbock, a city in West Texas with a growing metropolitan-area population of over 300,000, the university enrolls over 40,000 students with 33,000 undergraduate and 7,000 graduate students. As the primary research institution in the western two-thirds of the state, Texas Tech University is home to 10 colleges, the Schools of Law and Veterinary Medicine, and the Graduate School. The flagship of the Texas Tech University System, Texas Tech is dedicated to student success by preparing learners to be ethical leaders for a diverse and globally competitive workforce. It is committed to enhancing the cultural and economic development of the state, nation, and world. About Lubbock:Referred to as the "Hub City" because it serves as the educational, cultural, economic, and health care hub of the South Plains region, Lubbock boasts a diverse population and a strong connection to community, history, and land. With a mild climate, highly rated public schools, and a low cost of living, Lubbock is a family-friendly community that is ranked as one of the best places to live in Texas. Lubbock is home to a celebrated and ever-evolving music scene, a vibrant arts community, and is within driving distance of Dallas, Austin, Santa Fe, and other major metropolitan cities. Lubbock's Convention & Visitors Bureau provides a comprehensive overview of the Lubbock community and its resources, programs, events, and histories. About the Department and/or College Procurement Services is composed of the following departments: Payment Strategies (AP), Contract Management, Vendor Services, PCard, Travel Services, Strategic Acquisitions, and Business Intelligence. This position will oversee Payment Strategies and, eventually, Vendor Services. Major/Essential Functions Develop and implement training programs. Establish and monitor team performance metrics to ensure timely and accurate payment processing and vendor management. Build and maintain positive relationships with vendors. Partner with vendors to explore cost savings, revenue generation, and process improvement opportunities. Ensure compliance with all university policies, state and federal regulations, and Generally Accepted Accounting Principles (GAAP). Lead preparation for internal and external audits, ensuring timely and accurate responses to audit inquiries. Identify and implement innovative practices and technologies to enhance the efficiency and effectiveness of the teams. Monitor industry trends and benchmark against peer institutions to adopt best practices. Review and approve large or complex disbursements, ensuring proper documentation and authorization. Monitor and analyze data to identify trends, anomalies, and opportunities for improvement. Prepare periodic reports for senior leadership, providing insights and recommendations. Review and implement controls to mitigate risk in the payment and vendor management processes. Required Qualifications Bachelor's degree required plus four years supervisory experience. Preferred Qualifications Seven or more years of relevant financial or accounting experience. CPA or other financial designation. Experience with ERP systems such as Banner or Workday. Experience and success with developing and implementing key performance indicators and analytics programs. Safety Information Adherence to robust safety practices and compliance with all applicable health and safety regulations are responsibilities of all TTU employees. Does this position work in a research laboratory? No Required Attachments Cover Letter, Professional/Personal References, Resume / CV Job Type Full Time Pay Basis Monthly Minimum Hire Rate 4186.00 Pay Statement Compensation is commensurate upon the qualifications of the individual selected and budgetary guidelines of the hiring department, as well as the institutional pay plan. For additional information, please reference the institutional pay plan by visiting www.depts.ttu.edu/hr/payplan. Travel Required Up to 25% Shift Day Schedule Details 8-5 plus overtime during critical time periods. Grant Funded? No Job Group First line Managers EEO Statement All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, age, disability, genetic information or status as a protected veteran.