Financial Reporting Manager

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• CURRENT PENN STATE STUDENT (not employed previously at the university) and seeking employment with Penn State, please login to Workday to complete the student application process. Please do not apply here, apply internally through Workday.
• If you are NOT a current employee or student, please click "Apply" and complete the application process for external applicants.

Approval of remote and hybrid work is not guaranteed regardless of work location.For additional information on remote work at Penn State, seeNotice to Out of State Applicants.

POSITION SPECIFICS

The Pennsylvania State University seeks a demonstrated leader to serve as the Financial Reporting Manager within the Office of Budget and Finance. The Financial Reporting Manager provides leadership and oversight for the University's financial reporting functions, ensuring the timely, accurate, and compliant preparation and submission of all required financial statements and reports; plays a critical role in maintaining financial integrity, regulatory compliance, and institutional credibility with external stakeholders, including auditors, regulators, funding agencies, and rating agencies; manages the Financial Reporting team; collaborates with internal and external partners; serves as the primary liaison with the University's external auditors; leads the implementation of new accounting standards; provides technical expertise on financial reporting matters; supports university-wide financial decision-making.

Responsibilities include:

• 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

Required Qualifications:

• 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

Preferred Qualifications:

• 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

This position is open to flexible/hybrid scheduling considerations but is expected to have an on-site presence weekly.

MINIMUM EDUCATION, WORK EXPERIENCE & REQUIRED CERTIFICATIONS

BACKGROUND CHECKS/CLEARANCES

SALARY & BENEFITS

Salary Structure - Information on Penn State's salary structure

Penn State provides a competitive benefits package for full-time employees designed to support both personal and professional well-being. In addition to comprehensive medical, dental, and vision coverage, employees enjoy robust retirement plans and substantial paid time off which includes holidays, vacation and sick time. One of the standout benefits is the generous 75% tuition discount, available to employees as well as eligible spouses and children. For more detailed information, please visit our Benefits Page.

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.

EEO IS THE LAW

Penn State is an equal opportunity employer and is committed to providing employment opportunities to all qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, 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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