Asset Manager

Penn State University • Ferguson Township, PA

2d • $68,200 - $102,300 • Hybrid

About The Position

The Pennsylvania State University is seeking an Asset Manager. The Asset Manager provides leadership and oversight for the University’s asset management functions, ensuring proper valuation, recording and reporting of University Assets. The Manager plays a critical role by overseeing staff and enforcing policies. The Asset Management team is part of the Controllership hub within the Finance and Business division of the University.

Requirements

• Superior verbal and written communication skills
• Strong quantitative and analytical skills
• Collaborative and flexible decision-making style
• Vision to assess and proactively lead based on changing needs
• Excellent problem-solving skills to plan, organize, delegate, and direct work objectives, priorities, and deadlines
• Proven ability to work both independently and as a team member, and to multitask and respond professionally in challenging situations
• Bachelor's Degree
• 8+ years of relevant experience, includes 3+ years of supervisory experience; or an equivalent combination of education and experience accepted

Responsibilities

• Facilities Capitalization- Monitor Office of Physical Plant “OPP” accounting systems for new and renovation projects needing to be capitalized to include reviewing and approving OPP procurement requisitions.
• Perform Bond Financing Audits – Review OPP expenses on projects that are directly related to a Treasury Bond Note.
• Supervise asset management specialists- Set individual goals, oversee work assignments and monitor for accuracy. Schedule and create agenda for weekly/quarterly inventory meetings. Perform year end performance reviews.
• Milestone Monitoring -Monitor milestones and capitalize costs from completed milestones into financial records.
• Monthly Settlement- Reconciling monthly asset AUC transactions and posting entries correctly.
• Monthly Depreciation- Calculating and posting monthly depreciation for capitalized assets.
• Monthly internal order investment profile reviews- Performing monthly checks on internal orders for appropriate account assignments.
• Audit Liaison-Acting as point of contact for auditors and providing required documentation.
• Lease Evaluation- Assessing lease agreements for compliance and capitalization requirements.
• Lease Recording-Recording lease details in financial systems for proper reporting.
• Train new research administration- Create training materials to instruct ACES participants.
• Other Duties as assigned
• Facilities Capitalization Milestone Capitalization
• Transfer Forms
• Inventory Update
• GIFT Distribution and Follow-up
• Gift Capitalization
• Monthly Controller Checklist
• End of Year Financial Reports
• Review/Update PSU Procedures/Policies/SOP
• SIMBA enhancements - Test & Train new applications
• End of year financial reports (PP&E, NCAA, UBIT, Risk, Cost Analysis)

Benefits

• Penn State provides a competitive benefits package for full-time employees designed to support both personal and professional well-being.
• In addition to comprehensive medical, dental, and vision coverage, employees enjoy robust retirement plans and substantial paid time off which includes holidays, vacation and sick time.
• One of the standout benefits is the generous 75% tuition discount, available to employees as well as eligible spouses and children.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees