Vice Chancellor for Administration & Finance
University System of Maryland
As Vice Chancellor for Administration and Finance, Herbst manages the System's financial and administrative performance. She serves as a senior leader for the USM Office and across the System, works directly with the USM's 12 institutions and two regional centers; and represents the USM as it partners with Maryland's public officials to provide high quality, accessible, and affordable educational opportunities, support research and scholarship, and foster programs that serve citizens of Maryland and the nation. In particular, Herbst oversees the USM's strategic planning, performance and accountability, enrollment management, operating budget, finance and comptroller, debt management and financial reporting, endowment administration and oversight, capital planning and development, information technology, institutional research and information management, financial and administrative policy development, real property and procurement, and human resources.
Former U.S. President Barack Obama appointed Herbst as the Chief Financial Officer and Assistant Secretary for Administration at the United States Department of Commerce; the U.S. Senate confirmed her nomination in 2013. Leading a division of 300 employees with a budget of more than $270 million, Herbst oversaw the department's $9 billion budget and 46,000 full-time employees. In that role, she was responsible for executing policies and procedures related to: budget and financial management, strategic planning and performance management, human resources management and civil rights, employee safety and health, procurement and small business utilization, grants management, travel and transportation, real property and facilities management, directives management, and security.