Penn State University · 8 hours ago
Chief Financial Officer (Financial Manager)
Penn State University Park
Full-time
Hybrid
Director/Executive
$86K/yr - $130K/yr
8+ years expThe Pennsylvania State University is seeking a Chief Financial Officer (Financial Manager) for the Penn State Alumni Association. This senior-level position will oversee fiscal operations, develop strategic financial goals, and ensure compliance with accounting principles and regulations.
Higher Education
No H1B
Responsibilities
Develops strategic financial goals, objectives and implementation plans that support and facilitate the PSAA and university's strategic plans. Evaluate operations and performs analysis to assist in related management decisions and to identify potential cost savings. Analyze and advise on financial feasibility of new programs and activities. Ensure compliance with tax, corporate, and legal requirements. Maintain and update Articles of Incorporation, Bylaws, and Rules & Procedures
Develops fiscal policy and procedures, establish financial goals, and creates business plans for Penn State Alumni Association, Inc., a 501(c)(3) corporation. Prepares and manages budget, oversees accounts payable, accounts receivable and cash receipts functions. Responsible for treasury management (banking and merchant accounts), and compliance with generally accepted accounting principles. Responsible for accurate and timely filing of IRS tax reporting (990/990T), including Unrelated Business Income Tax (UBIT). Position ensures compliance with IRS regulations and other governmental regulations (federal, state, and local)
Prepares and manages $13 million annual budget comprised of Penn State Alumni Association funds held by Penn State University. Manage PSAA funds held in investment accounts. Coordinates financial systems development, service delivery, and policy harmonization with Penn State finance and operations staff
Provide guidance to PSAA staff and over 150 PSAA affiliate groups on Internal Revenue Service issues affecting the Penn State Alumni Association and its affiliate organizations to ensure that all groups maintain their tax-exempt status under Section 501(c)(3) of the Internal Revenue Code
Provides financial analysis to staff and the Executive Board in the form of monthly and quarterly reports. Serves as staff liaison to the Budget and Finance Committee and Audit and Risk Committee, all consisting of volunteers. Provides ongoing financial advice to staff, DDAR partners in various campuses and units, and volunteers. Provides input and training in budget construction process
Manages auditors, investment advisors, and attorneys working on behalf of the Association
Qualification
Required
Related experience in accounting, financial management, or a related field required
Degree in Accounting, Management, Business Administration, Finance, or a related field
The ability to prepare and analyze financial reports to support managerial planning, forecasts, and budget recommendations
The ability to analyze, interpret, and communicate policies and procedures
Outstanding planning, organizational, project management, problem-solving, and customer service skills
The ability to manage multiple priorities and work with frequent interruptions
Self-starter with ability to working independently and as a team member
Excellent oral and written communication skills
Strong interpersonal skills and ability to build relationships
Bachelor's Degree
8+ years of relevant experience, includes 3+ years of supervisory experience; or an equivalent combination of education and experience accepted
Required Certifications: None
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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