OUR VISION IS TO BE THE VALUED AND TRUSTED FINANCIAL PARTNER THAT THE UNIVERSITY COMMUNITY TURNS TO FIRST.
Our Mission
We build and maintain the financial framework that allows us to steward University resources in a way that is accurate, effective, and transparent.
We share trustworthy financial expertise, information, solutions, and insight with our stakeholders.
We enable our stakeholders (students, educators, researchers, and administrators) to be their best in a complex educational and healthcare environment.
Our Values
We deliver accurate, consistent, and reliable information.
We provide excellent service and support to all stakeholders.
We create innovative solutions and pursue continuous improvement.
We build collaborative and trusted relationships.
We value and respect our colleagues.
We train, develop, reward, and recognize our teammates, and value their diversity.
Values Document
A Valued and Trusted Financial Partner is the vision for UVAFinance. To realize this vision we have identified five core values: to be a Collaborative Partner, to work toward Strategic Continuous Improvement, to provide Service Excellence, to provide Impeccable Sources of Information, and to build Diverse and Inclusive Teams. Download a copy of the Values Document here.
Augie Maurelli was appointed Vice President for Finance and Chief Financial Officer on February 21, 2023. Maurelli is an experienced financial leader in higher education and has served as associate vice president for financial operations at the University since December 2019. He previously served as associate vice president for strategy and operations in University Finance at the University of Delaware and held leadership roles in athletics both there and at Georgetown University.
As the leader of the UVAFinance organization and the University’s CFO, Maurelli reports to Executive Vice President and Chief Operating Officer Jennifer (J.J.) Wagner Davis. He works closely with each member of the University’s executive leadership team and partners across Grounds.
UVAFinance is made up of many functional areas:
Treasury: Debit Management, Cash Management, Internal Bank Operations, Commercial Treasury Services, and Investments & Asset Management
Risk Management: Insurance Programs, Claims Management, Certificates of Insurance, Contract Advisory Services, and Mitigation & Loss Prevention
Financial Reporting & Accounting: Accounting Services, Financial Reporting, Unclaimed Property, Investment Accounting, Accounts Receivable, and Bank Reconciliation
Finance Systems & Data Support: Workday Production Support and Workday Administration
Procurement Services: Purchasing, Accounts Payable, Travel & Expense, Supplier Engagement, Business Solutions & Data Analysis.
Financial Operations & Compliance: Payment Card Services, Tax Compliance, Enterprise Risk Management, Foreign National Taxation, Operational Contracting, and Financial Compliance
Financial Planning & Analysis: Budget & Planning, Business Assets & Cost Recovery
Business Intelligence: Reporting, Data, and Analytics Solutions for Workday, UBI, and Adaptive Planning.
Payroll: Paychecks, W-2 Forms, Payroll Taxes & Deductions
Business Services & Systems: Business Systems (non-Workday), Local Support Partners, Business Services, and User Success (Finance Solution Center)
Change Enablement & Continuous Improvement: Training & Development, Stakeholder Engagement, Organizational Development, and Communications.
- Lead financial management at an institution with a $13 billion cash and investment balance and AAA bond rating
- Produce UVA’s consolidated annual audited financial report and quarterly interim reports.
- Maintain a robust and effective framework to ensure internal controls and financial compliance management.
- Build an informed and collaborative financial community by delivering training and communications.
- Develop Academic Division’s annual budget plan and multi-year financial plan and manage the University Financial Model to guide effective decision-making and strong financial management for 12 schools, the College at Wise, and business units, supporting UVA's overall mission to be great and good.
- Provide valued data, analysis, and recommendations for senior leadership and the Board of Visitors.
- Support UVA’s affordable excellence initiative by balancing tuition requirements and financial aid programs to achieve investment in the excellence of our academic programs while meeting 100% of financial need and minimizing student debt.