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.

Financial Reporting

The Financial Reporting Accountant prepares, reviews, and submits financial statements and reports in response to external reporting needs; collaborates with financial leadership to interpret, define, and comply with cyclical reporting requirements; serves as the liaison between audit firms and the University.

• Prepare audited and unaudited financial statements on behalf of the University
• Serve as the point of contact with external auditors; facilitate efficient reporting and information exchanges between audit firms and University departments
• Analyze and interpret relevant Financial Accounting Standards Board and Uniform Guidance requirements to ensure University compliance
• Provide direction and guidance to University departments related to cyclical and periodic reporting requirements; collaborate with Strategic Finance Partners and unit leadership to implement and administer monthly reporting activities and processes; review financial documents for accuracy and compliance
• Prepare balance sheets, cash flow statements, and other financial disclosures
• Administer activities related to appropriation reports, subsidiary corporation reporting, regulatory audits, and other related reporting
• Analyze transactions and entries within the enterprise financial management systems in order to prepare consolidated statements and reporting

Level:

– Intermediate Professional

Base Description:

– Completes activities, tasks, and/or projects of a functional nature.

Level Summary:

– Demonstrates ability to perform intermediate tasks in defined skill areas. Demonstrates intermediate knowledge of internal procedures. Works under general supervision, performing assignments that may be varied and sometimes difficult. Supports team decisions and follows through with team responsibilities. Interprets and communicates information clearly and accurately. Demonstrates intermediate problem–solving skills.

Supervisory Responsibilities:

– May serve as direct supervisor for part–time, student, and/or temporary workers or volunteers

Fiscal Responsibilities:

– May validate and pay invoices

Problem Solving:

– Encounters generally routine problems; occasionally faces more complex and/or varied problems
– Typically follows recommended course of action and procedures to resolve problems
– Applies knowledge of larger unit goals, priorities, and related procedures in determining course of action

Independence of Action:

– Work is generally monitored by supervisor
– Detailed instructions and procedures are generally provided
– Uses available guidelines to make appropriate adaptations to routine situations and refers other situations to supervisor

Communication and Collaboration:

– Communicates internally within working unit and/or the University
– May communicate with external audiences
– Collaborates closely with team members
– Interprets and communicates information, ideas and instructions clearly and accurately both verbally and in written materials intended for distribution

• Comp Grade – 10
• Minimum – $61,800.00
• MidPoint – $75,700.00
• Maximum – $89,600.00

• Accounting information systems
• Attention To Detail
• Audit Management
• Consulting
• Financial analysis
• Financial Management
• Financial reporting
• Project Management
• Regulatory compliance