Our Teams

Finance Services helps the university plan, manage, and report on its financial resources. We support leaders across campus by providing budgeting, forecasting, financial analysis, reporting, and advisory services that enable informed decision-making and long-term financial sustainability.

Whether coordinating university-wide budgets and forecasts, monitoring financial performance, evaluating strategic initiatives, or supporting financial systems and processes, our team partners with faculties and units across campus to provide the insights, analysis, and guidance needed to make informed financial decisions and support the university's long-term success.

Finance Services support includes:

• University-wide budgeting and financial planning
• Financial forecasting and variance analysis
• Executive and leadership financial reporting
• Strategic financial decision support
• Workforce and position planning
• Budget allocation and carryover support
• Capital project financial reporting and oversight
• IT financial planning, reporting, and project support
• Financial systems, reporting tools, and data insights

Financial Operations provides services that support the university's financial transactions, including receiving funds and processing payments.

Financial Operations includes the following units:

• Accounts Payable processes supplier payments and expense reimbursements for faculty, staff, and non-employees.
• Accounts Receivable invoices external organizations for commercial, research, and sponsorship activities, manages student financial accounts, and supports cash controls across the university.
• Payroll ensures accurate and timely payroll processing for more than 10,000 employees and students, delivering 24 semi-monthly payroll runs each year.
• Financial Operations Accounting and Analysis provides financial analysis, reporting, technical expertise, and strategic support across the Financial Operations portfolio.

Financial Reporting supports the university's financial planning, decision-making, and operational reporting needs.

The Financial Reporting team provides expertise in:

• financial and capital accounting
• financial analysis and reporting
• financial policy and procedure development 
• monthly, quarterly and annual financial statement preparation and reporting
• forecasting and variance analysis for university leadership and governance committees

The team manages the university’s financial reporting systems, chart of accounts, and related accounting structures. It works closely with faculties and departments across campus to support compliance with financial policies and ensure financial information is accurate, consistent, and reliable.

The team also leads internal controls and compliance activities to help reduce financial risk and support the integrity of the university’s financial reporting. In addition, it oversees the Payment Card Industry (PCI) compliance program, working with campus partners to help ensure credit card payments are processed safely and in accordance with industry requirements.

Research Accounting supports researchers and project holders with the post-award financial administration of sponsored research and restricted funding.

Research Accounting support includes:

• Review of expense transactions for compliance and eligibility with funding agency and university guidelines and policy.
• Processing revenue and expense corrections.
• Preparing and submitting agency financial reporting and progress payment claims.
• Financial analysis, forecast and budget support for restricted projects.

The Treasury group is responsible for the prudent stewardship of the university's endowment and non-endowed cash assets.

Its responsibilities include developing, recommending, implementing, and reviewing policies and procedures relating to:

• Cash Management: to ensure available and adequate liquidity for faculty and business unit requirements. These objectives include maximizing short-term interest income, minimizing interest expense, and managing financial risk as it relates to interest rates and currency.
• Investments: to optimize risk-adjusted returns on the investment of endowment and non-endowment funds for use by the university and its programs. Treasury oversees and works closely with external investment managers, money managers, external brokers and other specialists. Results are reviewed regularly and reported to senior management, the Investment Committee, and the Board of Governors.