University PARK, Pa. — Virginia Teachey, a money management skilled with far more than 25 years encounter in better education and learning, has been named affiliate vice president for finance efficient Dec. 1. Teachey’s most new posture was as vice chancellor of finance and administration at the University of North Carolina at Pembroke.
Doing work within just the Office environment of Finance and Organization, Teachey will report to Sara Thorndike, senior vice president for Finance and Business enterprise/treasurer. Teachey will do well Joe Doncsecz, who will retire on Dec. 31, 2022.
“I am thrilled to welcome Virginia Teachey to the Office of Finance and Organization,” Thorndike stated. “Her lots of years of economical and operations working experience at establishments of greater schooling will be an priceless asset at Penn Condition. I am keen to perform with Virginia to uncover strategies to optimize the University’s assets and fiscal processes for the potential.”
In the AVP for finance role, Teachey will direct the corporate controller’s business office and endeavours to boost finance and business enterprise operations across University models and campuses, as effectively as oversee the growth and implementation of price-price savings initiatives University-vast.
Teachey brings over two many years of thriving money and operations administration encounter to the situation, which includes enterprise chance management, strategic preparing, coverage enhancement and implementation, facility management, auditing and compliance.
“Institutions of better education are experiencing unprecedented issues due to the pandemic and existing economy, as well as demographic shifts, condition funding problems and a decline in general public self esteem. These problems have necessary us to be adaptable and adapt to an ever-modifying environment,” Teachey mentioned. “I am a solid believer that difficulties manage opportunities to be impressive. It will be remarkable to collaborate with a team to capitalize on these opportunities though ensuring fiscal accountability and balancing progress. I have admired Penn Condition for decades and I am honored to have an opportunity to do the job at these kinds of a prestigious college with some of the most excellent minds in higher schooling.”
As vice chancellor of finance and administration at the College of North Carolina at Pembroke, a position Teachey held because 2019, she was liable for a finances of around $176 million and a $32 million endowment. Her tasks included services, campus grasp organizing, finance administration, info technologies and human assets. As vice chancellor, Teachey noted instantly to the institution’s chancellor and mastered different accomplishments like launching a digital portal of small business services for the University modernizing IT infrastructure by financial investment doing the job with credit history companies to preserve the campus $2.7 million in gross funds stream and implementing COVID-19 mitigation strategies. Teachey also was responsible for reporting to the board of trustees and external stakeholders on economic, chance and administration plans.
Ahead of her function at UNC Pembroke, Teachey served as assistant dean for finance and enterprise management in the Faculty of Engineering at North Carolina State College from 2010 to 2019, the place she was dependable for developing and launching a extended-term money approach with progress tactics employing and analyzing management controls, insurance policies and strategies to ensure compliance and serving as liaison to the governing board on crucial troubles. Teachey also earlier served as the main fiscal and administrative officer taking care of an running spending plan of $210 million at North Carolina Condition. As element of this role, Teachey created and executed a very long-time period money program to evaluate monetary information and establish procedures for development – which resulted in an enhance of $52 million in funding and a 22% increase in school.
Just before her job as assistant dean, Teachey was the associate director for finance for College Housing, Greek Existence and Caldwell Fellows at North Carolina Point out College from 2007-2010. In this role, Teachey served as chief fiscal and administrative officer while running an running finances of somewhere around $44 million. Teachey supervised a whole assortment of fiscal affairs which includes financial organizing, accounting methods/processes, constructions/controls, spending budget development, administration, dollars stream, compliance and expenditure checking.
In addition to her administrative roles, Teachey was an adjunct instructor of business enterprise regulation, company communications and organization administration at the Indiana Company University in Muncie, Indiana, from 2005-2007. Teachey received an MBA from Anderson University in Anderson, Indiana and a bachelor’s degree in business administration from Northwood College in Midland, Michigan.