MaryFrances McCourt has been named Vice President for Finance and Treasurer at the University of Pennsylvania. 

In her role, McCourt will lead Penn’s cash and short-term investment and capital financing strategies as well as oversee Penn’s financial functions. McCourt will also be responsible for the University’s multi-year financial planning efforts as well as collaborate closely with Penn Medicine leadership on its growth and financial planning. She will directly manage the strategic and operational direction of a variety of functions, including the Comptrollers Office, financial training, global support services, research services, risk management and insurance, student registration and financial services and the Treasurer's Office. 

In making the announcement, Penn Executive Vice President Craig Carnaroli said, “MaryFrances brings superior financial management and leadership skills in the financial operations of a large complex institution of higher education. Penn will benefit in many ways from MaryFrances’ deep and diverse experience.” 

McCourt is currently the senior vice president and chief financial officer at Indiana University and will join Penn on March 21. 

McCourt has also served in financial-management positions for Agilysis, Inc, a diversified enterprise focused on technology and enterprise system solutions. She earned her bachelor’s degree magna cum laude from Duke University and an MBA from Case Western University. 

McCourt replaces Steve Golding who will retire in March after serving more than seven years in the role.