Finance Updates

News, updates and information from the University of North Dakota Finance team.

Lisa Heher, Director of Treasury, Retires

Congratulations to Lisa Heher, director of treasury, on her retirement after 37 years of service to the University of North Dakota. Her last day was July 6.

A UND alum and native of Grand Forks, Heher began her career with UND immediately after graduating. She spent one year working at the Energy & Environmental Research Center as an information processing operator, then as an account technician. In 1986, Heher transferred to the UND Office of Personnel Services, now known as Human Resources & Payroll Services, working as a personnel officer. She then joined the UND Accounting Services Office in 1989, which would later become known as the UND Controller’s Office.

Heher served in various accounting roles during that time, including as a cash and investment manager, before being named assistant controller in 2007. She also oversaw Parking Services and Student Account Services for a number of years as assistant controller.

In 2011, in response to credit card industry fraud, Heher established the PCI Committee on campus. This committee provides oversight for compliance and regulation measures on campus with Payment Card Industry Data Security Standards. Heher worked tirelessly to keep campus and customer credit card transactions secure.

By 2017, Student Account Services reorganized into two units, the Business Service Center and One-Stop Student Services, with Heher leading the Business Service Center. With the addition of a Treasury Department in 2018, Heher was named director.

As Director of Treasury, Heher maintained stewardship of approximately $500 million of cash and investments including cash liquidity, short-term investments, credit card processing and cashiering. She oversaw daily and monthly banking activities, including reconciliations for 12 bank accounts and 50 credit card merchant accounts, as well as worked with endowments and bond/debt trustee bank accounts.

Heher is known for her attentiveness and commitment to accuracy. Even through challenging times, she consistently balanced the cash to the penny for UND. Her perseverance and outstanding work ethic will be missed by her colleagues at UND, the Bank of North Dakota, internal and external auditors and others who have enjoyed working with her. Heher said she feels fortunate to have worked with great people who have supported and mentored her during her career.

In retirement, Heher and her husband, Matt, look forward to spending time with their children and grandchildren in Woodbury, Minn., and Denver. The couple plans to attend many of their grandchildren’s sporting and school events in between traveling adventures. They will enjoy life and all it has to offer!

Patty Schoenrock, Office of Associate VP for Finance