Welcome to the VP Finance & Operations portfolio
The nine divisions of the VPFO are responsible for the stewardship of UBC’s physical and financial assets, as well as safety and risk management for our university community.
We oversee a $3.98 billion budget, a $3.38 billion endowment, and all facilities on both campuses, as well as managing the university’s relationships with UBC Investment Management and UBC Properties Trust. In all the portfolio’s responsibilities, we are committed to the values of innovation, unity and accountability.

VPFO Strategic Plan 2024–2027
Having a strategic plan gives us a clear path, keeping everyone on the same page. Learn more about where we’re going next and how we plan to get there.
News from the VPFO
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Changes to Payroll Representative Portfolios
The portfolio composition of our payroll representatives is now based on employee last name. This change will support our service delivery to faculty and staff, who can now more easily find their payroll representative, as well as improving our workflows…
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UBC IMANT shares university’s first endowment carbon footprint report
The UBC Endowment Carbon Footprint Report describes activities undertaken in 2020 as well as initial emissions estimates, and establishes a baseline for evaluating progress against the university’s ambitious goal of reducing its carbon footprint 45% by 2030.
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Keeping everyone cool while waiting to enter the VCH Vaccination site
Huge kudos to our crews for acting quickly and installing misting and portable drinking water stations near for patients that were waiting outside to enter the VCH vaccination site under last week’s heatwave.
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UBC’S Financial Results for 2020/21
Our audited financial statements, which were approved by UBC’s Board of Governors on June 24, illustrate a healthy financial position for the university as we close the 2020/21 fiscal year.
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Resources for dealing with heat stress and exposure
Working in hot environments, outdoors and indoors, can affect the body’s cooling system. Find resources and references to help you identify signs and symptoms of heat stress, and guidance to prevent heat exposure.
People of the VPFO
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Esther Li promoted to Senior Financial Processing Specialist in Treasury
Reporting to Chen Shi, Treasury Accounting Manager, Esther will continue to be responsible for the incoming payments while playing a critical role in more complicated bank reconciliations and other banking side responsibilities.
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Creating inclusive spaces beyond the public realm
Jen Sheel takes pride in what her team does… and it shows. When you meet Jen, one of the first things you see is her dedication to making UBC a place that invites and builds connections. She fiercely believes that…
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Josephine Shen joins the Financial Planning and Analysis (FP&A) team as a Financial Analyst
In her new role, Josephine will play a key role in developing the Strategic Initiatives’ multi-year forecasting model and maintaining various financial models (i.e. Contingency and PAEI) at UBC.
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Celebrating UBC VPFO’s long-serving member inductees in 2022
The VPFO team has a number of long service member inductees this year. This is an amazing personal accomplishment for the individuals and a true testament to their devotion to service at UBC.
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Holly Shepherd promoted to Director, Treasury
Holly Shepherd has been promoted to Director, Treasury with overall responsibility for overseeing tax, contracts, leases & licences, housing loans, payment card industry compliance, service levy and Treasury Accounting.