The Finance Division at Columbia provides central financial services essential to supporting the students, faculty, and staff of the University, as well as external partners. Our primary functions include the offices of Budget, Controller, Internal Audit, Procurement, Treasury, and the Investment Management Company.
We are a cohesive team, driven to serve our customers. In addition to conducting centralized operations, our goal is to enable the success of a broader finance network of administrators across the University. To that end, we strive for operational efficiency and strong internal controls in our division, we provide tools and training to financial managers across the University, and we enable the use of financial data for effective decision-making across the enterprise.
Through our business and technical expertise, leadership in the management of the resources of the University, and commitment to customer service, we aim to develop a foundation of operational excellence and compliance, and to enable the University to fulfill its mission and goals.
Office of the Executive Vice President
Oversees the central finance functions at the University, listed below. Office includes functions that support the Finance Division, such as Financial Systems Management and Finance Division Human Resources. The EVP for Finance reports to the Senior Executive Vice President of the University.
Office of the Controller
Responsible for providing timely accurate financial information to the Columbia community and to interested external parties, and establishing proper controls for the management of financial transactions. Office includes the management of financial reporting, payroll, tax, endowment compliance, and sponsored projects finance.
Office of Management and Budget
Assists senior management and the University Trustees in planning for the future of the University with annual budget and long-range forecasting relating to the allocation of resources, the formulation of operating and capital plans, and monitoring performance against these plans.
Includes Accounts Payable and Purchasing. Responsible for all material acquisitions and disbursements for goods and services at Columbia
Office of the Treasurer
Aims to protect and enhance the financial resources of the University through effective cash management, risk management services, and prudent borrowing strategies.
Works in support of the Board of Trustees and in collaboration with management and external auditors to assess the effectiveness of the internal controls framework devised by the University.
The Columbia Investment Management Company (IMC) is a wholly-owned subsidiary of Columbia University. The IMC manages the large majority of the University's endowment assets, also known as managed assets.