Penn State Job Catalog

Additional levels that exist for this job profile can be seen below.

The defined natural career progression within or between job profiles.

Finance

The Financial Manager manages the financial operations of one or more departments/units or administrative areas; develops and analyzes financial reports; compiles and analyzes financial information; prepares/forecasts/plans budgets; acts as an advisor on budget, financial and risk matters; manages research administration as required; performs audits, acts as a liaison between departments/units to solve complex issues/problems and provides leadership in financial and strategic planning; serves as the key financial person for the unit or administrative area.

• Hire, train, supervise and evaluate assigned staff; manage workforce planning for finance operations in the administrative area
• Oversee financial controls to assure that financial and budgetary information for assigned units is in compliance with accounting/budgetary concepts and University policy and procedure; oversee cash management operations, including compliance with security standards
• Perform audit functions for units; report audit findings to senior management
• Manage budgets for multiple units including general, restricted, auxiliary and endowment; consult with senior level managers regarding issues and concerns, especially those impacting administrative area operations
• Provide financial advice and counsel to the budget administrators for multiple or complex units; prepare reports for review and analysis
• Assist with strategic planning related to financial issues; serve on committees as assigned
• Approve financial documents and transactions for the units, as delegated, including human resource, payroll, and expenditure; review for compliance with policy and procedure as well as specific regulations and/or guidelines on restricted funds
• Manage pre and/or post-award administration for units as required
• Oversee all receivable accounts for units, including write-offs, adjustments and holds; assure controls are in place regarding invoicing, billing, and payment processing
• Manage student accounting functions; consult with Registrar and Financial Aid on various issues; consult with Bursar's Office as needed
• Propose new procedures, policies or systems based on the needs of the units; initiate process reengineering as needed; coordinate with Information Technology on development of units systems; provide training in the units on new systems as needed

Level:

– Manager

Base Description:

– Manages direct reports where primary duty is the management of a working unit.

Level Summary:

– Demonstrates proficient ability in work design, project management, financial planning and development of goals for accomplishing unit assignments. Reviews and guides work to ensure conformity to policy and effective approaches. Evaluates employee performance and recommend development opportunities. Demonstrates ability to coach employees. Presents and communicates key university indicatives and connects it to unit contributions. Provides broad guidelines. Develops, evaluates, enhances, and/or implements quality improvement practices. Recommends innovative solutions.

Supervisory Responsibilities:

– Oversees a team (typically 4 or more; no fewer than 2) full
– time direct reports of individual contributors and/or first level supervisors.

Fiscal Responsibilities:

– Monitors and tracks department/area budget
– May plan, forecast, and/or assist in developing budgets
– May have final signature authority for specific area

Problem Solving:

– Encounters varied and complex problems
– Helps to develop creative and/or novel approaches to resolve problems that are difficult in nature but within limited scope
– Modifies, adapts, or refines guidelines if necessary to resolve issues or problems

Independence of Action:

– Works independently on complex or strategic assignments
– Uses existing practices and advanced working knowledge to determine appropriate work methods for the team
– Reviews completed work of others for conformity to policy, and effectiveness of approach
– Delegates advanced tasks to others

Communication and Collaboration:

– Communicates with both internal and external audiences
– Collaborates closely with team members and various areas across the University
– Prepares written and/or verbal presentations or proposals on complex issues and delivers to a broad variety of audiences
– Communicates key university initiatives and how unit’s work contributes to their achievement
– Presents ideas, concepts and instructions in a clear manner, and uses persuasion and negotiation to build consensus and cooperation
– Establishes and maintains networks to facilitate successful communication among units

• Comp Grade – 13
• Minimum – $86,300.00
• MidPoint – $107,900.00
• Maximum – $129,500.00