Hamline University is pleased to announce the appointment of Margaret Tungseth as senior vice president for business, finance and technology. Tungseth comes to Hamline from Central College in Pella, Iowa, where she currently serves as treasurer and vice president for finance and administration. At Hamline, Tungseth will provide leadership and management of the university’s finance, ITS, facilities services, and human resources departments. She will begin her duties at Hamline on September 1.
At Central College, Tungseth oversees facilities, IT, human resources, dining services, and conferences and events departments. She leads preparation of the university’s budget and works directly with the Board of Trustees’ finance, audit, physical plant, and investment committees. She provides direction for and oversees the personnel, budgetary, and operational functions of the college, capital projects, financial analysis, endowment and deferred gift instruments.
“Margaret Tungseth is an experienced, accomplished, and articulate leader who will provide us with critical guidance and insight in her role as senior vice president,” said Hamline President, Dr. Linda Hanson. “She brings with her vast experience in the areas of finance, facilities, human resources, and technology management, and I believe she will be a wonderful addition to our leadership team.”
In her time at Central College, Tungseth has successfully restructured long-term debt and refinanced bond issuances. She has vetted and selected new coverage for the college’s insurance and risk management brokerage services, which resulted in improved coverage, lower premium cost, and enhanced services. She created a campus 403B investment committee, which resulted in significantly enhanced employee offerings in 2012. She also led the planning and development of a campus center renovation and upgrades to the football, soccer, and baseball stadiums.
On her new role, Tungseth said, “I am thrilled to have the opportunity to join such a well-respected institution as Hamline University. I look forward to working with the campus community and am energized by the possibilities ahead.”
Previously, Tungseth served four years as assistant treasurer and director of risk management and nine years as deferred gifts accountant and insurance administrator at Concordia College. She also taught introductory and upper level accounting courses for six years at Concordia College. Prior to her roles in higher education, she spent 16 years as an accountant.
Tungseth has held several community and industry leadership positions. From 2003-2013 she served on the national board of the University Risk Management and Insurance Association as president and in other officer and executive committee roles. From 2003-2010, she held various positions on the board of the Fargo-Moorhead Chamber of Commerce, from director to becoming board chair. From 1999-2008, she served the Fargo-Moorhead YMCA in similar positions, including service as president.
Tungseth earned a master of business administration with an emphasis on accounting and finance from North Dakota State University, a bachelor of science degree in accounting from Minnesota State University Moorhead, and a bachelor of arts degree in economics and political science from Concordia College. She is also a CPA.