Financial Planning Analyst
About The Position
The Finance Planning Analyst supports the business unit and Strategic Financial Partner in the Eberly College of Science by providing oversight and expert guidance to unit leaders on budget and financial matters; serves as a subject matter expert in one or more budget or fiscal-related areas; advises unit leaders on budget management and financial controls; plays a key role in supporting long-term financial planning efforts and ensuring effective resource allocation aligns with the university’s mission, strategic goals, and regulatory requirements. The successful candidate will: Assist the FPAC Labor Distribution (LD) Lead in processing labor distribution and ensuring accurate salary allocations across funding sources Process labor-related journal entries and support the resolution of labor distribution and pay and effort inquiries Support pay and effort reporting activities, including assisting with compliance and audit-related requests Manage workforce planning and labor distribution for the College Assist in budget and resource data analysis to provide data-driven recommendations and financial insights; gather, compile, and manipulate data; may determine analytical methods to be used Assist in the development, maintenance, and refinement of financial models to support long-range planning and scenario analysis Assist in the various components of budget activities; participate in the conceptual development of the various budget processes and specifications for projects Review financial reports to understand and explain variances between budget and actuals for the assigned units in the College; analyze trends in revenues, expenditures, enrollments, and funding sources; ensure appropriate spending and billing practices are being followed Monitor financial performance against budget and forecast, identifying areas of concern or opportunity Participate in the development of financial dashboards and reporting tools for internal stakeholders and senior leadership Assist in the preparation of the annual operating budgets, ensuring alignment with unit and institutional priorities Support compliance with internal policies, external regulations, and audit requirements; oversee audits as required Partner with other university offices to ensure consistent data sources and accurate financial projections May supervise staff members, including hiring, development, and performance management This position offers a flexible work arrangement that combines remote and on-campus work. Questions related to flexible work should be directed to the hiring manager during the interview process.
Requirements
- Bachelor's Degree
- 1+ years of relevant experience; or an equivalent combination of education and experience accepted
Responsibilities
- Assist the FPAC Labor Distribution (LD) Lead in processing labor distribution and ensuring accurate salary allocations across funding sources
- Process labor-related journal entries and support the resolution of labor distribution and pay and effort inquiries
- Support pay and effort reporting activities, including assisting with compliance and audit-related requests
- Manage workforce planning and labor distribution for the College
- Assist in budget and resource data analysis to provide data-driven recommendations and financial insights; gather, compile, and manipulate data; may determine analytical methods to be used
- Assist in the development, maintenance, and refinement of financial models to support long-range planning and scenario analysis
- Assist in the various components of budget activities; participate in the conceptual development of the various budget processes and specifications for projects
- Review financial reports to understand and explain variances between budget and actuals for the assigned units in the College; analyze trends in revenues, expenditures, enrollments, and funding sources; ensure appropriate spending and billing practices are being followed
- Monitor financial performance against budget and forecast, identifying areas of concern or opportunity
- Participate in the development of financial dashboards and reporting tools for internal stakeholders and senior leadership
- Assist in the preparation of the annual operating budgets, ensuring alignment with unit and institutional priorities
- Support compliance with internal policies, external regulations, and audit requirements; oversee audits as required
- Partner with other university offices to ensure consistent data sources and accurate financial projections
- May supervise staff members, including hiring, development, and performance management
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.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
