Northern Illinois University has announced the merger of Treasury Operations and Accounts Payable Services within the Controller’s Office function, effective immediately.
The merger is a strategic effort within the Division of Administration and Finance to align NIU’s fiscal infrastructure with the university’s strategic imperative to increase affordability of a high-quality NIU education while also holding down administrative overhead costs.
Recognizing its responsibility for NIU’s financial sustainability and the fundamental role that plays in the university’s existence, the division has four long-term goals for the merger:
- More convenient accounting and financial support for campus community in planning and managing fiscal resources;
- Streamlined accounting and financial processes to reduce administrative burden;
- Increased administrative efficiencies to help the campus community meet program goals; and
- Enhanced compliance with applicable regulations and standards to ensure exemplary stewardship over university resources.
The acting controller, Shyree Sanan, reports to the Associate Vice President for Finance and Budget Lawrence Pinkelton. Sanan will continue to work closely with Pinkelton to develop this new structure to provide high quality accounting and financial support throughout the fiscal year.
As part of this transition, Nyoka Polyak will be the acting director assuming responsibilities for day-to-day treasury operations. Kathy Marshall will manage the daily functions of accounts payable services. Mandy Kreitzer will manage the daily operations of financial reporting, and a manager of general ledger function will be determined shortly.
Operating under the direction of Vice President for Administration and Finance Alan Phillips, the finance leadership team will work tirelessly over the next year toward the goals of the merger while maintaining full accounting and financial service to the university.