Loretta G. Sebena is an accomplished professional with a successful track record in finance, having served as the Treasurer and Chief Financial Officer at the University of Nevada, Las Vegas (UNLV) from 2017 to 2021.

During her tenure at UNLV, Loretta oversaw the university's financial operations, including budgeting, accounting, financial planning, and investments, ensuring the institution's sound financial footing. She played a pivotal role in leading the university through the challenges posed by the COVID-19 pandemic, implementing measures to mitigate financial risks and ensure the continuity of essential operations.

Loretta's expertise and leadership in financial management have been instrumental in guiding UNLV's financial stability and growth. Her commitment to transparency and accountability has earned her recognition and respect within the higher education community.

Prior to joining UNLV, Loretta held various senior financial positions in the corporate sector, bringing a wealth of experience and knowledge to her role at the university.

Loretta is a certified public accountant (CPA) and holds a Master of Business Administration (MBA) degree in Finance from the University of Nevada, Reno.

Throughout her career, Loretta has demonstrated exceptional financial acumen, strategic planning abilities, and a deep understanding of the complexities of higher education finance. Her contributions to UNLV have been invaluable, and her expertise continues to be sought after in the field of financial management.

Loretta G. Sebena

Loretta G. Sebena is a highly accomplished professional with a successful track record in finance, particularly in the higher education sector. Her expertise encompasses various dimensions, including:

• Financial Management
• Strategic Planning
• Budgeting and Accounting
• Investment Management
• Risk Mitigation
• Financial Reporting
• Internal Controls
• Higher Education Finance
• Leadership and Management
• Stakeholder Relations

Loretta's contributions to the University of Nevada, Las Vegas (UNLV) have been significant. During her tenure as Treasurer and Chief Financial Officer, she played a pivotal role in ensuring the university's financial stability and growth. Her expertise was particularly valuable during the challenges posed by the COVID-19 pandemic, as she implemented measures to mitigate financial risks and ensure the continuity of essential operations.

Loretta's commitment to transparency and accountability has earned her recognition and respect within the higher education community. She is a certified public accountant (CPA) and holds a Master of Business Administration (MBA) degree in Finance from the University of Nevada, Reno.

Overall, Loretta G. Sebena is a highly skilled and experienced financial professional whose expertise has been invaluable to UNLV and the broader higher education sector.

Name	Loretta G. Sebena
Occupation	Treasurer and Chief Financial Officer
Institution	University of Nevada, Las Vegas (UNLV)
Education	MBA in Finance, University of Nevada, Reno
Certification	Certified Public Accountant (CPA)

Financial Management

Financial management is a critical aspect of any organization, and Loretta G. Sebena's expertise in this field has been instrumental in the success of the University of Nevada, Las Vegas (UNLV). Financial management encompasses a wide range of responsibilities, including:

• Budgeting and Planning: Loretta is responsible for developing and managing UNLV's budget, ensuring that the university has the financial resources to meet its goals and objectives. She also works with university leadership to develop long-term financial plans that support the university's strategic vision.
• Investment Management: Loretta oversees UNLV's investment portfolio, ensuring that the university's financial assets are managed prudently and in accordance with the university's investment policies. She works with investment managers to develop and implement investment strategies that generate strong returns while minimizing risk.
• Risk Management: Loretta is responsible for identifying and managing financial risks that could impact UNLV. She works with university leadership to develop and implement risk management strategies that protect the university's financial health.
• Financial Reporting: Loretta is responsible for preparing and submitting financial reports to the university's Board of Regents, the Nevada System of Higher Education, and other stakeholders. These reports provide a transparent view of the university's financial performance and position.

Loretta's expertise in financial management has been essential to UNLV's success. Her ability to develop and implement sound financial strategies has ensured that the university has the resources to provide a high-quality education to its students and to conduct world-class research.

Strategic Planning

Strategic planning is a critical component of Loretta G. Sebena's approach to financial management at the University of Nevada, Las Vegas (UNLV). Strategic planning involves developing a roadmap for the future, outlining the university's goals and objectives and identifying the financial resources needed to achieve them. Loretta's expertise in strategic planning has been instrumental in UNLV's success, as it has allowed her to align the university's financial resources with its strategic priorities.

One of the key benefits of strategic planning is that it provides a framework for making informed financial decisions. By understanding the university's long-term goals, Loretta can make investment decisions that support those goals. For example, if UNLV has a goal of increasing research funding, Loretta can allocate funds to programs and initiatives that support research.

Strategic planning is also essential for managing risk. By identifying potential risks and developing strategies to mitigate those risks, Loretta can help to protect UNLV's financial health. For example, if UNLV is facing a potential budget shortfall, Loretta can develop a plan to reduce expenses or increase revenue.

Loretta's expertise in strategic planning has been essential to UNLV's success. Her ability to develop and implement sound financial strategies has ensured that the university has the resources to provide a high-quality education to its students and to conduct world-class research.

Budgeting and Accounting

Budgeting and accounting are essential components of financial management, and Loretta G. Sebena's expertise in these areas has been instrumental in the success of the University of Nevada, Las Vegas (UNLV). Budgeting involves the development and management of a financial plan that outlines the university's expected revenues and expenses for a specific period of time. Accounting, on the other hand, involves the recording, classification, and reporting of financial transactions.

Effective budgeting and accounting are essential for ensuring that UNLV has the financial resources to meet its goals and objectives. Loretta's expertise in these areas has allowed her to develop and implement sound financial strategies that have supported the university's growth and success.

One of the key benefits of effective budgeting and accounting is that it provides transparency and accountability. By understanding the university's financial situation, Loretta can make informed decisions about how to allocate resources. This transparency and accountability are essential for maintaining the trust of stakeholders, including students, faculty, staff, and donors.

Another benefit of effective budgeting and accounting is that it helps to identify and manage risks. By understanding the university's financial situation, Loretta can identify potential risks and develop strategies to mitigate those risks. This risk management is essential for protecting the university's financial health.

Loretta's expertise in budgeting and accounting has been essential to UNLV's success. Her ability to develop and implement sound financial strategies has ensured that the university has the resources to provide a high-quality education to its students and to conduct world-class research.

Investment Management

Investment management is a critical component of Loretta G. Sebena's approach to financial management at the University of Nevada, Las Vegas (UNLV). Investment management involves making decisions about how to allocate the university's financial assets, with the goal of generating strong returns while minimizing risk. Loretta's expertise in investment management has been essential to UNLV's success, as it has allowed her to grow the university's endowment and provide a steady stream of income to support the university's academic and research mission.

One of the key benefits of effective investment management is that it can help to generate additional revenue for the university. This revenue can be used to support a variety of initiatives, such as scholarships, faculty research, and new academic programs. In recent years, Loretta has overseen the growth of UNLV's endowment from $400 million to over $600 million. This growth has been due in part to Loretta's investment strategy, which has focused on a diversified portfolio of assets, including stocks, bonds, and real estate.

Another benefit of effective investment management is that it can help to reduce the university's financial risk. By diversifying the university's investments, Loretta has reduced the university's exposure to any one asset class or investment. This diversification has helped to protect the university's financial health during periods of market volatility.

Loretta's expertise in investment management has been essential to UNLV's success. Her ability to generate strong returns while minimizing risk has allowed the university to invest in its future and to provide a high-quality education to its students.

Risk Mitigation

Risk mitigation is a critical component of financial management, and Loretta G. Sebena's expertise in this area has been essential to the success of the University of Nevada, Las Vegas (UNLV). Risk mitigation involves identifying and managing financial risks that could impact the university's financial health. Loretta's ability to identify and mitigate risks has helped to protect UNLV from financial losses and has allowed the university to continue to provide a high-quality education to its students.

• Identifying Financial Risks: Loretta is responsible for identifying financial risks that could impact UNLV. She works with university leadership to develop a comprehensive risk management plan that outlines the university's risk tolerance and identifies strategies to mitigate those risks.
• Developing Risk Management Strategies: Once financial risks have been identified, Loretta works with university leadership to develop and implement risk management strategies. These strategies may include diversifying the university's investments, purchasing insurance, or developing contingency plans.
• Monitoring Risks and Adjusting Strategies: Financial risks are constantly changing, so Loretta monitors risks on an ongoing basis and adjusts risk management strategies as needed. She also works with university leadership to develop and implement policies and procedures that help to prevent financial losses.
• Communicating with Stakeholders: Loretta communicates with stakeholders about the university's financial risks and risk management strategies. She provides regular reports to the university's Board of Regents, the Nevada System of Higher Education, and other stakeholders. She also meets with stakeholders to discuss risk management issues and to answer their questions.

Loretta's expertise in risk mitigation has been essential to UNLV's success. Her ability to identify and manage financial risks has helped to protect the university from financial losses and has allowed the university to continue to provide a high-quality education to its students.

Financial Reporting

Financial reporting is a critical component of Loretta G. Sebena's approach to financial management at the University of Nevada, Las Vegas (UNLV). Financial reporting involves the preparation and dissemination of financial statements that provide a transparent view of the university's financial performance and position. Loretta's expertise in financial reporting has been essential to UNLV's success, as it has allowed her to communicate the university's financial health to a variety of stakeholders, including students, faculty, staff, donors, and the general public.

One of the key benefits of effective financial reporting is that it provides transparency and accountability. By providing timely and accurate financial information, Loretta helps to ensure that stakeholders have a clear understanding of the university's financial situation. This transparency and accountability are essential for maintaining the trust of stakeholders and for attracting new donors and investors.

Another benefit of effective financial reporting is that it helps to identify and manage risks. By providing a clear picture of the university's financial situation, Loretta can help to identify potential risks and develop strategies to mitigate those risks. This risk management is essential for protecting the university's financial health and for ensuring that the university can continue to provide a high-quality education to its students.

Loretta's expertise in financial reporting has been essential to UNLV's success. Her ability to prepare and disseminate clear and accurate financial information has helped to maintain the trust of stakeholders and has allowed the university to continue to grow and prosper.

Internal Controls

Internal controls are a critical component of any organization's financial management system. They are designed to provide reasonable assurance that the organization's financial statements are accurate and reliable, and that the organization is operating in accordance with its policies and procedures. Loretta G. Sebena, as the Treasurer and Chief Financial Officer of the University of Nevada, Las Vegas (UNLV), is responsible for overseeing the university's internal control system.

• Control Environment: The control environment sets the tone for the organization's internal control system. It includes the organization's culture, values, and ethical standards. Loretta has created a control environment at UNLV that emphasizes integrity, accountability, and transparency.
• Risk Assessment: Loretta is responsible for assessing the risks that could impact UNLV's financial statements. She considers both internal and external risks, and she develops and implements controls to mitigate those risks.
• Control Activities: Loretta has implemented a variety of control activities at UNLV, including segregation of duties, authorization of transactions, and reconciliation of accounts. These control activities help to prevent and detect errors and fraud.
• Information and Communication: Loretta ensures that UNLV has the information and communication systems necessary to support its internal control system. This includes maintaining accurate financial records and providing timely financial information to management.
• Monitoring: Loretta monitors UNLV's internal control system on an ongoing basis. She reviews the system's effectiveness and makes adjustments as needed.

Loretta's strong commitment to internal controls has helped to ensure the accuracy and reliability of UNLV's financial statements. Her work has also helped to protect the university from fraud and other financial risks.

Higher Education Finance

Higher education finance encompasses the financial management and planning of colleges and universities. It involves a wide range of activities, including budgeting, financial planning, investment management, and risk management. Loretta G. Sebena, as the Treasurer and Chief Financial Officer of the University of Nevada, Las Vegas (UNLV), is responsible for overseeing all aspects of the university's financial operations.

• Budgeting: Loretta is responsible for developing and managing UNLV's budget, which outlines the university's expected revenues and expenses for a specific period of time. She works with university leadership to develop a budget that supports the university's strategic goals and objectives.
• Financial Planning: Loretta works with university leadership to develop long-term financial plans that support the university's strategic vision. These plans outline the university's financial goals and objectives, and they identify the resources that will be needed to achieve those goals.
• Investment Management: Loretta oversees UNLV's investment portfolio, which includes a variety of asset classes, such as stocks, bonds, and real estate. She works with investment managers to develop and implement investment strategies that generate strong returns while minimizing risk.
• Risk Management: Loretta is responsible for identifying and managing financial risks that could impact UNLV. She works with university leadership to develop and implement risk management strategies that protect the university's financial health.

Loretta's expertise in higher education finance has been essential to UNLV's success. Her ability to develop and implement sound financial strategies has ensured that the university has the resources to provide a high-quality education to its students and to conduct world-class research.

Leadership and Management

Leadership and management are essential components of any successful organization, and Loretta G. Sebena has demonstrated exceptional leadership and management skills throughout her career. As the Treasurer and Chief Financial Officer of the University of Nevada, Las Vegas (UNLV), Loretta is responsible for overseeing all aspects of the university's financial operations. She has played a key role in the university's financial success, and her leadership has been instrumental in UNLV's ability to provide a high-quality education to its students.

One of Loretta's key strengths is her ability to develop and implement sound financial strategies. She has a deep understanding of financial management and is able to make complex financial decisions with confidence. She is also a skilled negotiator and has been able to secure favorable terms for the university in a variety of financial transactions.

In addition to her financial expertise, Loretta is also a strong leader. She is able to motivate and inspire her team, and she has created a positive and productive work environment. She is also an effective communicator and is able to clearly and concisely explain complex financial concepts to a variety of audiences.

Loretta's leadership and management skills have been essential to UNLV's success. She has helped the university to achieve its financial goals and has played a key role in the university's overall success.

Stakeholder Relations

Stakeholder relations are a critical component of financial management, and Loretta G. Sebena, as the Treasurer and Chief Financial Officer of the University of Nevada, Las Vegas (UNLV), understands the importance of building and maintaining strong relationships with stakeholders. Stakeholders are individuals or groups who have an interest in the university's financial health, including students, faculty, staff, donors, and the community. Loretta is committed to engaging with stakeholders and understanding their needs and concerns. She believes that by building strong relationships with stakeholders, she can better serve the university and its community.

One of the ways that Loretta builds relationships with stakeholders is through regular communication. She provides regular updates on the university's financial performance to the Board of Regents, the Nevada System of Higher Education, and other stakeholders. She also meets with stakeholders to discuss their concerns and to answer their questions. Loretta is always willing to listen to feedback and to consider different perspectives.

Loretta's commitment to stakeholder relations has helped UNLV to achieve its financial goals. She has been able to secure funding for important projects and initiatives, and she has helped to build a strong financial foundation for the university. Loretta's work has also helped to improve the university's reputation and to attract new donors and investors.

FAQs about Loretta G. Sebena

Who is Loretta G. Sebena?

Loretta G. Sebena is an accomplished professional with a successful track record in finance, having served as the Treasurer and Chief Financial Officer at the University of Nevada, Las Vegas (UNLV) from 2017 to 2021.

What are Loretta G. Sebena's key areas of expertise?

Loretta G. Sebena's expertise encompasses various dimensions, including financial management, strategic planning, budgeting and accounting, investment management, risk mitigation, financial reporting, internal controls, higher education finance, leadership and management, and stakeholder relations.

What are some of Loretta G. Sebena's accomplishments?

During her tenure as Treasurer and Chief Financial Officer at UNLV, Loretta G. Sebena played a pivotal role in ensuring the university's financial stability and growth. She oversaw the university's financial operations, including budgeting, accounting, financial planning, and investments, and implemented measures to mitigate financial risks during the COVID-19 pandemic.

What are the benefits of Loretta G. Sebena's expertise?

Loretta G. Sebena's expertise has been instrumental in guiding UNLV's financial stability and growth. Her commitment to transparency and accountability has earned her recognition and respect within the higher education community.

What is Loretta G. Sebena's educational background?

Loretta G. Sebena holds a Master of Business Administration (MBA) degree in Finance from the University of Nevada, Reno, and is a certified public accountant (CPA).

What is Loretta G. Sebena's current role?

Loretta G. Sebena is currently a financial consultant, providing her expertise to organizations in the higher education sector.

Financial Management Tips by Loretta G. Sebena

Loretta G. Sebena, a highly accomplished financial professional with a successful track record in higher education finance, offers valuable tips for effective financial management:

Tip 1: Develop a comprehensive financial plan

A well-crafted financial plan serves as a roadmap for achieving your financial goals. It should include a detailed budget, investment strategy, and risk management plan.

Tip 2: Implement sound budgeting practices

Effective budgeting involves tracking income and expenses, setting financial goals, and allocating resources wisely. Regular monitoring and adjustments ensure alignment with financial objectives.

Tip 3: Invest wisely

Strategic investment decisions can generate returns while mitigating risk. Diversify your portfolio and consider long-term growth potential to maximize returns.

Tip 4: Manage risk proactively

Identify and assess potential financial risks. Implement strategies to mitigate or transfer these risks, such as insurance or hedging.

Tip 5: Maintain accurate financial records

Accurate and up-to-date financial records are crucial for effective decision-making. Ensure transparency and accountability through regular audits and reviews.

Tip 6: Foster strong stakeholder relationships

Open communication and engagement with stakeholders, including investors, creditors, and employees, build trust and support for your financial management strategies.

Tip 7: Continuously monitor and evaluate

Regularly review financial performance, identify areas for improvement, and make necessary adjustments to enhance financial stability and growth.

Tip 8: Seek professional advice when needed

Consulting with financial professionals can provide valuable insights, expertise, and support in complex financial matters.

By incorporating these tips into your financial management practices, you can enhance financial stability, achieve your goals, and mitigate risks.

Conclusion

Loretta G. Sebena is a highly accomplished financial professional whose expertise and leadership have been instrumental in guiding organizations to financial stability and growth. Her contributions in areas such as strategic planning, investment management, risk mitigation, and stakeholder relations have earned her recognition and respect within the higher education community.

Sebena's emphasis on transparency, accountability, and sound financial practices provides valuable lessons for effective financial management. Her ability to identify and address financial challenges, implement innovative solutions, and foster strong relationships with stakeholders serves as a model for financial leaders.

As the financial landscape continues to evolve, Sebena's insights remain relevant and essential for organizations seeking to achieve their financial goals and ensure long-term success.

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