2013 - 4th Quarter

Ryan Rapp selected as New Controller

By Tom Richards, Interim CFO

It is my pleasure to announce that Ryan Rapp has been selected to succeed Jane Closterman as Controller of the University of Missouri System upon Jane’s retirement, which is effective April 30, 2014.  The timing of this announcement will allow for a smooth transition in this most important role.  In keeping with our deliberate succession planning efforts, we will now immediately begin a search for an Assistant Controller, who will then begin to assume most of Ryan’s current duties as he transitions into the Controller role.  This Assistant Controller job opening was posted on the University’s website.

Ryan joined the University May 2010 and has held the position of Associate Controller since that time.  Ryan is responsible for overseeing the financial reporting, tax, and sponsored programs activities of the University.  Prior to May 2010, Ryan worked for the public accounting firm PricewaterhouseCoopers and was a member of the Internal Audit engagement team for the University of Missouri.  Ryan earned his Bachelors of Science in Accountancy and Masters of Accounting and Accounting Information Systems from the University of Missouri-Columbia.  He is a Certified Public Accountant, serves as audit committee chair for the Central Association of College & University Business Officers, and is a member of NACUBO.

The following are just a few of the many accomplishments Ryan has achieved during his time with the University:

·         Helped provide leadership to the Accounts Payable Shared Services implementation project

·         Provided leadership to several UM System shared services projects

·         Assumed a critical role in the renewable energy tax credit project for the MU Biomass facility and Missouri S&T geothermal project, with projected combined savings to the University in excess of $20 million over the next seven years

·         Shared leadership on implementation of electronic approvals for grant proposals

·         Implemented new accounting services and reporting tools for the Treasurer’s Office central bank project

·         Successful implementation of debt tracking components of new treasury workstation tool, which has automated debt accounting and reporting, including providing campuses with their annual debt service budgets

·         Participated with COGR and the campuses to prepare a 100+ page response to the proposed OMB guidance

Please join me in congratulating Ryan (and in continuing to thank Jane Closterman for her many years of dedicated service and for her leadership during this time of transition).

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