Financial Planning Analyst
Penn State UniversityAbout the role
APPLICATION INSTRUCTIONS:
CURRENT PENN STATE EMPLOYEE (faculty, staff, technical service, or student), please login to Workday to complete the internal application process. Please do not apply here, apply internally through Workday.
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, see Notice to Out of State Applicants.
POSITION SPECIFICS
The Finance Planning Analyst supports the business unit and Strategic Financial Partner in the Eberly College of Science by providing oversight and expert guidance to unit leaders on budget and financial matters; serves as a subject matter expert in one or more budget or fiscal-related areas; advises unit leaders on budget management and financial controls; plays a key role in supporting long-term financial planning efforts and ensuring effective resource allocation aligns with the university’s mission, strategic goals, and regulatory requirements.
The successful candidate will:
- Assist the FPAC Labor Distribution (LD) Lead in processing labor distribution and ensuring accurate salary allocations across funding sources
- Process labor-related journal entries and support the resolution of labor distribution and pay and effort inquiries
- Support pay and effort reporting activities, including assisting with compliance and audit-related requests
- Manage workforce planning and labor distribution for the College
- Assist in budget and resource data analysis to provide data-driven recommendations and financial insights; gather, compile, and manipulate data; may determine analytical methods to be used
- Assist in the development, maintenance, and refinement of financial models to support long-range planning and scenario analysis
- Assist in the various components of budget activities; participate in the conceptual development of the various budget processes and specifications for projects
- Review financial reports to understand and explain variances between budget and actuals for the assigned units in the College; analyze trends in revenues, expenditures, enrollments, and funding sources; ensure appropriate spending and billing practices are being followed
- Monitor financial performance against budget and forecast, identifying areas of concern or opportunity
- Participate in the development of financial dashboards and reporting tools for internal stakeholders and senior leadership
- Assist in the preparation of the annual operating budgets, ensuring alignment with unit and institutional priorities
- Supp
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