Financial Planning Analyst
Penn State University is seeking a Financial Planning Analyst to support the Eberly College of Science in budget and financial matters. The role involves providing expert guidance on financial controls, assisting in long-term financial planning, and managing labor distribution and budget activities.
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
Skills
- Bachelor's Degree
- 1+ years of relevant experience; or an equivalent combination of education and experience accepted
- Successful completion of background check(s) in accordance with University policies
- Successful completion of a credit history check will be required in addition to standard background checks
- Applicants must be authorized to work in the U.S
Benefits
- Comprehensive medical, dental, and vision coverage
- Robust retirement plans
- Substantial paid time off which includes holidays, vacation and sick time
- Generous 75% tuition discount, available to employees as well as eligible spouses and children
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