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UT Arlington Finance: Managing Resources, Empowering Success

The Finance division at the University of Texas at Arlington (UTA) plays a critical role in the university’s overall mission. It’s responsible for managing the institution’s financial resources effectively, ensuring compliance with regulations, and providing the financial infrastructure needed to support academic excellence, research advancements, and student success.

Key Responsibilities

UTA Finance encompasses a wide range of functions, including:

• Budgeting and Planning: Developing and managing the university’s annual budget, aligning resources with strategic priorities, and projecting future financial needs. This involves collaboration with various departments to ensure budget requests are justified and support UTA’s goals.
• Accounting and Reporting: Maintaining accurate financial records, preparing financial statements in accordance with generally accepted accounting principles (GAAP) and governmental accounting standards, and ensuring transparency in financial reporting.
• Treasury Management: Overseeing the university’s cash management, investments, and debt financing. This includes managing banking relationships, investing surplus funds to maximize returns while mitigating risk, and ensuring sufficient liquidity to meet the university’s obligations.
• Procurement and Payments: Managing the procurement of goods and services, ensuring fair and competitive bidding processes, and processing payments to vendors and employees. This often involves using e-procurement systems and adhering to strict purchasing guidelines.
• Grants and Contracts Management: Providing financial oversight for sponsored research projects and contracts, ensuring compliance with grant terms and conditions, and managing the financial reporting requirements of funding agencies.
• Student Financial Services: Administering student financial aid programs, processing tuition and fee payments, and providing financial counseling to students.

Supporting the University Community

UTA Finance strives to provide excellent customer service to the university community. This includes offering training and support on financial policies and procedures, providing timely and accurate financial information, and working collaboratively with departments to resolve financial issues.

Technology and Innovation

The division is continually looking for ways to improve efficiency and effectiveness through the use of technology. This includes implementing new financial systems, automating processes, and leveraging data analytics to gain insights into financial performance.

Compliance and Ethics

UTA Finance is committed to upholding the highest ethical standards and ensuring compliance with all applicable laws, regulations, and university policies. This includes implementing internal controls to prevent fraud and abuse, conducting regular audits, and promoting a culture of accountability.

Leadership and Structure

The Finance division is typically led by a Vice President for Finance or Chief Financial Officer (CFO) who reports to the University President. The division is structured into various departments, each responsible for specific functions, such as accounting, budgeting, and procurement. Strong leadership and a dedicated team are essential to the effective management of UTA’s financial resources.