Gloria Walker, the new vice president for business affairs and chief financial officer at the 51±ľÉ«, laughingly refers to herself as an analytical “bean counter” and a “workaholic.”
She also considers herself fiercely loyal to her employees and a motivator who believes mentoring is a key to helping the 51±ľÉ« meet its mission of providing educational excellence.
“I don’t like to get in the weeds—I have the skill set to do that—but I really like to mentor folks and give my staff as much control over their subject matter as possible,” said Walker, a certified public accountant by trade and a big-city girl by birth. “Critical, I think, to the mission of the institution, is having people who are well-versed in their subject matter.”
Walker comes to the 51±ľÉ« with more than 25 years of executive-level leadership experience in higher education. She holds a bachelor’s degree in accounting from the 51±ľÉ« of Houston, an MBA from the 51±ľÉ« of St. Thomas in Houston and a doctoral degree in higher education administration from Northeastern 51±ľÉ« in Boston.
She succeeded Gregg Lassen who retired.
Walker, who arrived on campus Jan. 21, was most recently vice president for finance and administration at Cowley College in Kansas. She was previously executive vice president and chief operating officer at Texas Southern 51±ľÉ« in Houston as well as executive vice chancellor for finance and administration and CFO at Houston Community College.
When Walker arrived at Texas Southern, the university was on the brink of insolvency. Over a three-year period, she helped develop a financial plan and created operating policies that kept the university financially stable.
“I, working with the president and the leadership team there, was able to keep them from being insolvent,” Walker said.
Throughout her tenure in higher education, Walker has been primarily responsible for establishing the finance plan and polices, and financial reporting for the institution. She has developed, implemented and maintained internal control and financial reporting policies, standards and procedures that ensure compliance.
“I’m about growing the bottom line. I’m about students being successful,” said Walker. “If students are successful, our bottom line is going to grow. It’s going to attract more students.”
Walker has broad knowledge of all major areas of financial operations and business services gleaned from different types of institutions. Early in her career, she worked as a state auditor in Texas but quickly realized her personality was not suited to the often-isolating work.
“I’m a people person,” said Walker. “When I got to higher education accounting, I was just flourishing! I really love being around the students. You can see the bigger picture of what higher education does.”
She left state government for the private sector, working as an accountant in the oil and gas industry for several years. She later became the chief financial officer and controller for the Harris County-Houston Sports Authority where she was responsible for construction and managing the debt on Houston’s professional sport arenas and ancillary facilities, including the construction of Minute Maid Field for the Houston Astros.
“I knew they did a lot of construction and bonding in Texas so I wanted to learn finances from that side of the house,” said Walker, who grew up in Dallas.
Walker spent seven years as the executive vice chancellor for finance and administration and CFO for the 70,000-student Houston Community College where she oversaw a $300 million operating budget and a $600 million capital improvement budget, among other duties.
“I’m not afraid to make hard decisions,” Walker said. “I take a strategic approach to decision making and understanding what the issues are. I’m a fact finder.”
Walker said her role in keeping the 51±ľÉ« successful is ensuring that resources are available for the institution to execute its mission.
“Just as if you were in a Fortune 500 company, you’re trying to develop the best product,” Walker said. “The best product is our student, that’s our end results. So, in order to do that we must have the resources to deliver education in a fashion that students are going to have a monetary gain at the end of the day from being with us; either getting a better job or getting a job or going into research.”
Walker said higher education is a business with a budget that spans across all areas of the institution.
“It’s incumbent on us to make sure our product is good,” she said. “The business side of that is looking at the resources and how do we develop those monetary resources and how do we get the money beyond tuition and fees, state appropriation—all of those avenues … to make sure the institution is affordable for the students we attract.”
