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:

– Principal Manager

Base Description:

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

Level Summary:

– Demonstrates awareness of broad issues and management trends. Applies exemplary management principles. Evaluates impact of policy and adjusts accordingly. Ensures appropriate skills are developed and maintained within team/unit. Realigns staff responsibilities to meet desired changes. Provides administrative and policy direction. Develops and articulates broad goals. Fosters collaboration between units. Engages in written and verbal communications that reach a university-wide and/or broad external audience. Develops and implements solutions to highly complex and often controversial problems.

Supervisory Responsibilities:

– Oversees teams of other supervisors/managers
– Leads a business unit

Fiscal Responsibilities:

– Plans, forecasts, develops, and/or approves budgets
– Typically has final signature authority for business unit

Problem Solving:

– Encounters highly varied and complex problems that may have a significant impact on multiple units and/or the University
– Regularly develops creative and/or novel approaches to resolve the most difficult problems
– Creates an environment that encourages imaginative solutions to problems

Independence of Action:

– Work results are not clearly defined and may be frequently changing
– Sets own goals and determines how to accomplish results with few or no guidelines to follow
– Oversees completed work of others and is accountable for unit results
– Delegates advanced tasks to others and provides guidance to team members

Communication and Collaboration:

– Communicates with both internal and external audiences
– May represent the University externally
– Collaborates closely with team members and other leaders across the University
– Communicates a compelling vision that inspires and motivates others

• Comp Grade – 15
• Minimum – $109,300.00
• MidPoint – $136,600.00
• Maximum – $164,000.00