Financial Reporting Manager

Penn State University • Ferguson Township, PA

94d • $97,100 - $145,700

About The Position

The Pennsylvania State University seeks a demonstrated leader to serve as the Financial Reporting Manager within the Office of Budget and Finance. The Financial Reporting Manager provides leadership and oversight for the University’s financial reporting functions, ensuring the timely, accurate, and compliant preparation and submission of all required financial statements and reports; plays a critical role in maintaining financial integrity, regulatory compliance, and institutional credibility with external stakeholders, including auditors, regulators, funding agencies, and rating agencies; manages the Financial Reporting team; collaborates with internal and external partners; serves as the primary liaison with the University's external auditors; leads the implementation of new accounting standards; provides technical expertise on financial reporting matters; supports university-wide financial decision-making.

Requirements

• Knowledge and mastery of broad concepts, policies and procedures related to FASB non-profit accounting standards.
• Certified Public Accountant (CPA) license.
• Advanced skills in accounting, budget management, business development, and communications.
• Strong proficiency in written and verbal communication.
• Ability to diplomatically review team deliverables for quality and alignment with standards.
• Demonstrated ability to resolve complex issues with sound judgment and awareness of organizational impact.

Nice To Haves

• A bachelor’s degree in accounting, finance, or a related field.
• Experience with endowment accounting, either in a higher education or other non-profit setting.
• Single Audit (Uniform Guidance) experience, including schedule of expenditures of federal awards (SEFA) preparation.

Responsibilities

• Manage and mentor the Financial Reporting team, including task assignment, performance management, and professional development.
• Oversee endowment accounting processes and various reporting functions with university-wide impact.
• Direct the preparation of audited and unaudited consolidated financial statements, in accordance with Financial Accounting Standards Board (FASB) standards and other regulatory requirements.
• Oversee the preparation of the OMB Uniform Guidance reporting package (Single Audit), appropriation reports, and subsidiary entity financial statements.
• Serve as the primary liaison with external audit firms; facilitate audit planning, fieldwork, and information flow across departments.
• Ensure the timely completion of audits in compliance with Commonwealth of Pennsylvania funding provisions.
• Interpret and apply complex accounting standards (i.e., FASB, Uniform Guidance) and ensure compliance with evolving regulatory requirements.
• Monitor and implement new accounting and reporting standards across university financial operations.
• Partner with Strategic Finance Partners and administrative units (Budget, Treasury, Sponsored Programs) to ensure cohesive financial reporting.
• Provide guidance to departments on cyclical reporting and financial data accuracy.
• Analyze complex transactions from enterprise systems to support consolidated financial reporting and internal controls.
• Drive continuous improvement in reporting processes, audit readiness, and internal control structures.
• Assess the implications of regulatory changes and recommend necessary process and policy updates.

Benefits

• Comprehensive medical, dental, and vision coverage.
• Robust retirement plans.
• Substantial paid time off including holidays, vacation, and sick time.
• Generous 75% tuition discount available to employees as well as eligible spouses and children.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree