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JOB DESCRIPTION AND POSITION REQUIREMENTS:
The Smeal College of Business Financial Office is seeking a full-time accounting professional to provide strategic financial analysis and assurance of accounting principles for assigned departments. The position will be the primary financial lead in support of our Executive Education Program, our Center for Supply Chain Research, and our Institute for Business-to-Business Marketing departments. Specifically for these departments we are seeking individuals with experience in accrual and cash basis accounting and appropriate classification of revenue and expenses for calculation of profit and loss statements, balance sheets and cash flow statements. Managing accruals and accounts receivable experience is needed as well.
Additionally, the individual will work closely with the Financial Officer and College Business Analyst in developing sound financial reports and effective ways to measure success or potential success of current or planned academic programs across the entire College. Help establish key performance indicators and ways to measure cost of doing business. Identify influences (student full time equivalency, fee structures, enrollment trends, etc) and impacts of College operations and procedures on our financial health and make recommendations as appropriate to eliminate costs and grow revenue. Work with department heads in coordination with Financial Officer on understanding budgets and building budget models that roll up to a College-wide budget. Assist Financial Officer and Assistant Financial Officer on special projects and act as back up in support of Assistant Financial Officer as required with processing expenses and labor distribution.
Specific functions of the job include:
Assistance and coordination of financial statement preparation and analysis
Approving expenses on behalf of Financial Officer as needed
General financial analysis to assist assigned units in making good business decisions in program offerings including break even analysis
Scenario planning: Modeling the finances during unexpected circumstances (like Covid)
Fiscal year change: Assuring accruals are tracked and booked appropriately, particularly for year end, to account for revenue and expenses in the correct period of performance/fiscal year
Policy/procedure: Consulting with other Finance Office staff and coordinating and communicating with assigned units on policy and procedure interpretation and providing sound advice on situations as they come up
Fee approvals: Coordinate fees and rates with Controllers Office to get an nual approval or as needed
Contracting: Coordinate the execution of required contracts with Risk Management and/or Legal to have contracts approved timely while advocating for the assigned unit.
Typically requires a Bachelor's degree and 4+ years' related experience or an equivalent combination of education and experience. Additional experience and/or education and competencies are required for higher-level jobs. Experience working with SAP, advanced Microsoft Excel knowledge and Certified Public Accountant highly desirable.
This position has the potential to work fully remotely.
Due to the financial and fiduciary responsibilities of this position, successful completion of a credit history check will be required in addition to standard background checks
CAMPUS SECURITY CRIME STATISTICS:
Pursuant to the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act and the Pennsylvania Act of 1988, Penn State publishes a combined Annual Security and Annual Fire Safety Report (ASR). The ASR includes crime statistics and institutional policies concerning campus security, such as those concerning alcohol and drug use, crime prevention, the reporting of crimes, sexual assault, and other matters. The ASR is available for review here.
Employment with the University will require successful completion of background check(s) in accordance with University policies.
EEO is the Law
Penn State is an equal opportunity, affirmative action employer, and is committed to providing employment opportunities to all qualified applications without regards to race, color, religion, age, sex, sexual orientation, gender identify, national origin, disability or protected veteran status. If you are unable to use our online application process due to an impairment or disability, please contact 814-865-1473.
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