Applications are now open for the 2021 Program. Deadline is June 30, 2021. View the slides from our April 2021 webinar to learn more

Tracy S. Harris

Chief Financial Officer
UMUC Ventures

  • Tracy is Chief Financial Officer for the venture fund that invests in education technology companies for the University of Maryland Global Campus (UMUC).
  • In its nascent stage, she developed the operational and financial infrastructure and crafted the economic and business strategy model, leading to the successful identification and investment in portfolio companies.
  • She partnered with the CEO and Board to negotiate the sale of portfolio companies.
  • The fund invests in early-stage to mid-size b2b and b2c companies in the education space.

Boards and Committees:

  • Accomplished executive, board member, and advisor with over 20 years of broad financial and operational experience.
  • District of Columbia Retirement Board, an $11 billion pension fund
    • Chair, Audit Committee
    • Member, Finance and Investment Committee and Nom/Gov Committee. As a member of these committees, she evaluates private equity, real estate, alternative assets, and international investments and monitors state and regulatory compliance, as well as portfolio performance and asset allocation.
  • CareFirst Blue Cross Blue Shield and its subsidiary companies
    • Member, Finance, Audit, and Governance Committees
  • National Association of Corporate Directors Governance Fellow

Industry experience:

  • Growth-minded, highly ethical senior executive officer with extensive experience driving financial growth within complex private, public and not- for-profit environments.
  • 20 years experience with financial services industry. Specific experience in banking, insurance and investments.
  • Experience working in city, state and federal governments. Specific experience in project finance, federal contracting, public/private partnerships, consulting and outsourcing.
  • CFO experience with green field technology startup operations, working in minimal funding environments with highly creative entrepreneurs.
  • Additional experience working in the not-for-profit sector, with professional associations, universities and cultural organizations through board service.

Functional Experience:

  • Over 15 years experience as a CFO, with operating knowledge in every aspect of finance, including financial management, budgeting, forecasting, regulatory compliance, audit, internal controls, financial reporting, debt management, capital planning, tax and accounting.
  • Skilled in guiding organizations with annual operating budgets of over $250 million, assets of over $1 billion and staff of more than 500.
  • Experienced in administrative management, policy and procedure development, human capital management, team building, and performance evaluation.
  • Strong background in business banking, credit, insurance, and business modeling/project feasibility analysis and evaluation.
  • Skilled in the development of marketing and financial information for investor, lender or rating agency presentations.
  • Communications and crisis management; crafting, messaging and positioning information for boards, investors, donors, customers, and employees.

Key Business Transactional Experience:

  • Sale of $45m business
  • Financing $500M Convention Center
  • Investment of $11B in pension assets
  • Improved the building revenue through negotiating a $20M- 10-year lease of a portion of the building to GSA.
  • Managed the planning and construction of the buildout
  • Improved the P & L of the $35m portfolio business by developing a cloud-based delivery system.
  • Multiple business financings $20-$150M in industrial development bonds
  • Worked on the financial turnarounds of the city of Philadelphia and the District of Columbia as an SEC finance expert

What is the most important skill you bring to a corporate board?

  • Tracy brings a diverse perspective, enthusiasm, and creativity to her role as a board director.
  • Skilled financial expert who can immediately add value to a board of directors with skills and experience to serve on the audit, risk management or compensation committees.
  • Strong analytical background and seasoned approach to addressing complex board-level issues in corporate governance, policy and long range strategic planning.
  • Experience with technology based startups. Interest and desire to see innovative ideas and intellectual capital developed, funded, and implemented globally.
  • Experience vetting investment opportunities, performing due diligence, deal negotiation and working alongside accounting and legal advisors.
  • Strong understanding the impact of non-financial metrics and how they can foreshadow financial or operating issues.