Financial Specialist
Penn State UniversityAbout the role
APPLICATION INSTRUCTIONS:
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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.
JOB DESCRIPTION AND POSITION REQUIREMENTS:
The Office of Finance and Business in the College of Agricultural Sciences is hiring a Financial Specialist.
Job Duties
Provide leadership and coordinate with units on new hire profiles to update the PAF database for planning, forecasting, and creating an accurate funding model utilizing federal, state, and local funding sources. Review project assignments, percentages, and funding sources for all personnel. Reconcile the projects database to the PAF database for accurate funding model and labor distributions. Interpret and administer financial policy and accounting procedures.
Support the Director with the completion of monthly and annual reports for federal capacity awards and required matching funds. Assist with maintaining records for USDA NIFA capacity awards and assist with independent audit request. Assist with the design and use of data analytics and Power Bi for the college with a focus on federal funds. Keep abreast of changes in university and federal policies and procedures applicable to college funding sources.
Review for approval SIMBA documents and purchasing card transactions in SAP Concur from various units under the Dean's office and Administrative Services. Notify individual card holders of pending transactions and receipt requirements. Review completed reconciliation forms for compliance with University policy, proper receipts, correct account/cost object assignment, correct general ledger account, and required signatures/electronic approvals. Assist in approving SAP Concur reports at the FO/final level. Approves transactions on behalf of Director up to $10,000.
Perform a wide variety of college financial activities such as financial transaction review and approval; monitor and manage budgets; labor redistributions; internal audits and financial reviews; financial policy and procedure development, interpretation, and enforcement; and prepare and process financial transactions. Run monthly budget reports on the College Professorship Endowments and send to the Department Chair and Department ASC. Research and answer questions regarding budget reports.
Support the administrative staff for the college-level units under the Dean’s Office (Development, Relations, Alumni, Pasto, Farm Residences, Facilities) and the Office of Administrative Services, with SIMBA and SAP issues, etc.
Maintain knowledge and answer questions concerning University and Federal policies and pr
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