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:

– Senior Manager

Base Description:

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

Level Summary:

– Demonstrates advanced skills in critical functions related to unit's success. Demonstrates advanced knowledge of emerging technologies and processes. Monitors completed work of others to ensure effectiveness and adherence to requirements. Sets clear expectations and holds team accountable. Establishes a shared team/unit vision. Demonstrates ability to evaluate and enhance team/unit practices that promote a strong commitment to inclusionary practices. Coaches others using appropriate strategies. Demonstrates diplomacy. Demonstrates ability to serve as liaison between senior-level management and staff. Resolves complex, controversial, or unprecedented issues and problems.

Supervisory Responsibilities:

– Oversees large team or teams of individual contributors and/or supervisors/managers
– Leads a department or functional area

Fiscal Responsibilities:

– Monitors and tracks large budgets
– Plans, forecasts, and/or develops budgets
– May approve budgets for specific area
– Typically has final signature authority for specific area

Problem Solving:

– Encounters highly varied and complex problems that impacts the team and possibly the unit
– Develops creative and/or novel approaches to resolve problems that are difficult in nature
– Independently resolves complex and/or unprecedented issues and problems

Independence of Action:

– Work results are not clearly defined
– Generally sets own goals and determines how to accomplish results with few or no guidelines to follow
– Monitors completed work of others to ensure soundness of approach, effectiveness of meeting requirements, the feasibility of recommendations and adherences to requirements
– Delegates more 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
– Fosters collaboration between units and engages others' coordinated efforts to reach desired outcomes with broad scope

• Comp Grade – 14
• Minimum – $97,100.00
• MidPoint – $121,400.00
• Maximum – $145,700.00