Treasury / Cash Management
The Treasury/Cash Management Department manages and invests UAB's daily operating funds. Cash Management is defined as the systematic gathering of information about UAB's collections, disbursements, cash balances, and the use of that information to manage the daily available funds effectively. Cash Management is a subset of Treasury Management which incorporates the tasks of providing funds and funding to the organization and attempting to influence the elements of working capital for the purpose of increasing UAB's liquidity.
All funds are invested within guidelines developed and approved by the Board of Trustees of the University of Alabama System. The Board of Trustees oversees all investment activities, monitors investment performance, and insures the prudent control of the investment of funds for the University through the System Investment Manager. Treasury/Cash Management works in conjunction with the System Investment Manager to accomplish the investment goals of the System Board of Trustees for the University.
The UAB Treasury/Cash Management staff:
- Is responsible for the daily liquidity requirements for the University (e.g. create a daily cash position).
- Tracks cash flow and maintains a database for historical reference and for cash forecasting.
- Verifies that the various bank relationships are covered under the SAFE Act.
- Initiates ACH, Fed Wire, US dollar foreign electronic funds, foreign exchange electronic transfers, and foreign currency drafts.
- Identifies all incoming credits and distributes them to the appropriate person for entry to the general ledger.
- Reviews bank fees.
- Maintains contact and relations with the various banks and brokers.
- Responsible for bank documentation (e.g. new accounts, bank agreements, etc).
- Works with the UAB Development Office to coordinate the sale of gift stock.
- Invests UAB's operating funds.
- Provides consulting expertise on treasury/cash management issues.
- Balance Management.
- Gift card process for study participants.