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:

– Principal Professional

Base Description:

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

Level Summary:

– Displays mastery of defined skill areas/applications, principles, theories and practices. Evaluates and enhances existing practices. Recognizes emerging trends in area of expertise. Works independently on complex or strategic assignments. Directs and delegates appropriate tasks to others. Implements strategies to ensure achievement of initiatives. Prepares written and/or verbal presentations or proposals on complex issues and deliver to broad audiences. Identifies and implements innovative solutions to important, highly complex strategic and/or operational issues.

Supervisory Responsibilities:

– Indirect supervisor for other full–time employees
– May serve as direct supervisor for part–time, student, and/or temporary workers, volunteers, or a full–time employee

Fiscal Responsibilities:

– Validates and pays invoices
– Monitors and tracks budgets and funding
– May plan and forecast budgets

Problem Solving:

– Encounters complex and novel problems
– Applies policies, practices, specialized knowledge, and skills to resolve problems
– Understands benefits, limitations, and impact of potential solutions
– Anticipates potential problems and recommends possible solutions within general guidelines

Independence of Action:

– Works independently on complex or strategic assignments
– Uses existing practices as guidelines as well as working knowledge to determine specific work methods
– Carries out work activities independently, with supervisor available to resolve problems
– Reviews work of others to verify technical soundness

Communication and Collaboration:

– Communicates with both internal and external audiences
– Collaborates closely with team members and area leads across the University
– Prepares written and/or verbal presentations or proposals on complex issues and delivers to a broad variety of audiences
– 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

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