It refers to the qualification of Maria Chavez. It is not uncommon to see this, especially in Latin America.

--------------------------------------------------
Note added at 5 hrs (2022-01-27 22:51:25 GMT)
--------------------------------------------------

The asker has not even said that María Chavez works at a university, only that she signs the minutes of meetings. She could be the secretary of a board. How can she be a University Official if we don't know whether she works at a university? In some countries in Latin America, in particular, in the past some people holding administrative roles were not University degree holders, they were "administrativos" usually they had secondary education. To differentiate themselves from the less qualified colleagues, university graduates started using "Licenciado/a" or circumlocutions such as "Profesional Universitario" where the degree they have studies does not lead to a professional qualification such as abogado, escribano, notario, contador, ingeniero... even people with the qualifications I have mentioned that are pushing paper in the administration and not working in their area of study, still use their title... it is a status marker.

I read that in most cases the chairperson of the meeting signs the minutes of the previous meeting in the first instance. Also throughout the meeting, the chairperson should initial each section of the minutes that was discussed in the meeting, before signing the minutes to be forwarded to the company director. Minutes are then forwarded to a company secretary who can certify them before forwarding them to the Board of Directors for authorization.

--------------------------------------------------
Note added at 22 hrs (2022-01-28 15:33:49 GMT)
--------------------------------------------------

ES:
Al inicio, el presidente de la reunión firma el resumén de la reunión último. A lo largo de la reunión, el presidente debe de poner los iniciales de su nombre y apellido al final de cada sección del resumén que era discutido durante la reunión, antes de firmar los resúmenes para mandar al director de la compañía. Los resúmenes se pasan luego al secretario de la compañía que puede certificarlos antes de pasarlos a la junta de directores para la autorización.'

I would translate as 'University Admin' (or 'University Administrator', as preferred) as that is what the position involves and conveys this role most appropriately in English.