POSITION SPECIFICSThe
Financial Strategy and Operations Specialist supports the business unit and Strategic Finance Partner in the
Smeal College of Business by providing oversight and expert guidance to unit leaders on budget and financial matters; serving as a subject matter expert in one or more budget and fiscal-related areas; advising unit leaders on budget management and financial controls; providing in-depth financial analysis, forecasting, and budget modeling; and playing a key role in long-term financial planning efforts to ensure effective resource allocation aligns with the University's mission, strategic goals, and regulatory requirements.
The successful candidate will: - Support budgeting and forecasting efforts by developing financial projections, preparing budget analyses, and participating in the annual budget process
- Develop financial models, scenario analyses, and long-range forecasts to support strategic planning and decision-making
- Prepare and review departmental financial reports to identify and explain variances between budgeted and actual results; analyze trends in revenues, expenditures, enrollment, and funding sources; and ensure appropriate spending and billing practices are followed
- Monitor financial performance against budget and forecast, identifying risks, opportunities, and areas requiring corrective action
- Provide financial analysis to support new initiatives, program reviews, and business plans, including return on investment (ROI) and cost-benefit assessments
- Assist in the development and preparation of annual operating budgets, ensuring alignment with unit objectives and institutional priorities
- Support compliance with university policies, external regulations, and audit requirements
- Collaborate with University offices and stakeholders to ensure consistent data sources, accurate reporting, and reliable financial projections
- May supervise a staff member, including training and performance management
Required skills and experience include: - Advanced proficiency in Microsoft Excel, including data analysis, financial modeling, and reporting. Experience with budgeting, forecasting, financial analysis, and variance reporting.
- Strong financial management and analytical skills, with the ability to interpret complex financial and operational data and translate it into actionable insights and recommendations for leadership
- Excellent problem-solving and critical-thinking abilities, including the capacity to identify financial and operational risks, resolve complex issues, and develop and recommend process improvements
- Effective written, verbal, and consultative communication skills, with the ability to explain financial information to diverse audiences. Ability to build collaborative relationships and serve as a trusted advisor to unit leaders and stakeholders.
- Demonstrated ability to exercise independent judgment, maintain confidentiality, and manage sensitive financial information with professionalism and integrity
Preferred skills and experience include:
- Enterprise financial and business systems, including SAP S/4HANA, Concur, Workday, Power BI, and Microsoft 365 applications
This position is intended to support a flexible work environment and may be performed primarily remotely, with periodic on-campus presence as needed. Specific expectations will be discussed during the interview process.
MINIMUM EDUCATION, WORK EXPERIENCE & REQUIRED CERTIFICATIONSIf filled as Finance Planning Analyst - Senior Professional, this position requires:Bachelor's Degree6+ years of relevant experienceRequired Certifications:NoneIf filled as Finance Planning Analyst - Advanced Professional, this position requires:Bachelor's Degree3+ years of relevant experience; or an equivalent combination of education and experience acceptedRequired Certifications:None
BACKGROUND CHECKS/CLEARANCESEmployment with the University will require successful completion of background check(s) in accordance with University policies. Due to the financial and fiduciary responsibilities of this position, successful completion of a credit history check will be required in addition to standard background checks.
Penn State does not sponsor or take over sponsorship of a staff employment Visa. Applicants must be authorized to work in the U.S.
SALARY & BENEFITSThe salary range for this position, including all possible grades, is $65,508.00 - $108,444.00.
Salary Structure - Information on Penn State's salary structure
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. For more detailed information, please visit our Benefits Page.
