Penn State University · 3 months ago
Financial Reporting Manager
Penn State University Park
Full-time
Hybrid
Senior Level, Lead/Staff
$97K/yr - $146K/yr
8+ years expThe Pennsylvania State University is seeking a Financial Reporting Manager within the Office of Budget and Finance. This role involves providing leadership and oversight for the university's financial reporting functions, ensuring compliance with financial regulations, and managing the Financial Reporting team while collaborating with internal and external partners.
Higher Education
No H1B
Responsibilities
Manage and mentor the Financial Reporting team, including task assignment, performance management, and professional development
Oversee endowment accounting processes and various reporting functions with university-wide impact
Direct the preparation of audited and unaudited consolidated financial statements, in accordance with Financial Accounting Standards Board (FASB) standards and other regulatory requirements
Oversee the preparation of the OMB Uniform Guidance reporting package (Single Audit), appropriation reports, and subsidiary entity financial statements
Serve as the primary liaison with external audit firms; facilitate audit planning, fieldwork, and information flow across departments
Ensure the timely completion of audits in compliance with Commonwealth of Pennsylvania funding provisions
Interpret and apply complex accounting standards (i.e., FASB, Uniform Guidance) and ensure compliance with evolving regulatory requirements
Monitor and implement new accounting and reporting standards across university financial operations
Partner with Strategic Finance Partners and administrative units (Budget, Treasury, Sponsored Programs) to ensure cohesive financial reporting
Provide guidance to departments on cyclical reporting and financial data accuracy
Analyze complex transactions from enterprise systems to support consolidated financial reporting and internal controls
Drive continuous improvement in reporting processes, audit readiness, and internal control structures
Assess the implications of regulatory changes and recommend necessary process and policy updates
Qualification
Required
Knowledge and mastery of broad concepts, policies and procedures related to FASB non-profit accounting standards
Certified Public Accountant (CPA) license
Advanced skills in accounting, budget management, business development, and communications
Strong proficiency in written and verbal communication
Ability to diplomatically review team deliverables for quality and alignment with standards
Demonstrated ability to resolve complex issues with sound judgment and awareness of organizational impact
Bachelor's Degree
8+ years of relevant experience, includes 3+ years of supervisory experience; or an equivalent combination of education and experience accepted
Preferred
A bachelor's degree in accounting, finance, or a related field
Experience with endowment accounting, either in a higher education or other non-profit setting
Single Audit (Uniform Guidance) experience, including schedule of expenditures of federal awards (SEFA) preparation
Benefits
Comprehensive medical, dental, and vision coverage
Robust retirement plans
Substantial paid time off which includes holidays, vacation and sick time
Generous 75% tuition discount, available to employees as well as eligible spouses and children
Company
Penn State University
There’s a reason Penn State consistently ranks among the top one percent of the world’s universities.
10001+ employees
Funding
Current Stage
Late StageLeadership Team
Hamza Jamjoom
Co-Founder - Arts & Architecture Student Council
Kara Pytko
Co-founder of Virtual Scientist Webinar Series
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