Director of Financial Analysis and Compliance Office

6 days ago

Palo Alto, California, United States Penn State University Talent Acquisition Full time
Job Description and Position Requirements

Penn State's Office of the Senior Vice President for Research seeks a demonstrated leader to serve as Director of the newly created Financial Analysis and Compliance Office (FACO).

This individual will report to the Assistant Vice President for Research (Post-Award Contractual Compliance).

The FACO will work closely with Research Accounting, Cost Analysis, Internal Audit, college research offices, and Financial Officers to ensure restricted grants and contracts are properly monitored and driven to a successful close.

This group will review high risk transactions, identify areas of weakness, and work with the Penn State post award community to identify opportunities for improvement.

Responsibilities
  1. Supervise the Financial Analysis and Compliance Office (FACO) - It is anticipated that the FACO Director will begin with two direct reports focused primarily on a single academic college.
  2. Develop procedures for supporting post-award compliance at Penn State - The FACO Director will work closely with college research administrators, financial officers, and the Office of Budget and Finance to implement best practices across all business areas.
  3. Implement recommendations from audits and other reviews - Penn State expensed $762M in federally funded research expenditures in FY23, $179M in other externally funded research expenditures, and another $298M in university-funded research.
  4. Support training and development of the Penn State post-award community - The FACO Director will spearhead training efforts to ensure research administrators are aware of new, emerging, and ongoing contractual compliance obligations.
  5. Identify opportunities to increase the efficiency, accuracy, and transparency of Penn State systems - The Office of Research Information Systems (ORIS) maintains systems used by the Penn State research community to develop budgets, submit proposals, process awards, issue subawards, and set up accounts.
  6. Support the OSVPR's financial reporting obligations - The OSVPR prepares critically important reports, including the Annual Report of Research Expenditures, the Higher Education Research and Development (HERD) survey, and other ad hoc reports, many of which are delivered to the Board of Trustees.
Education and Experience

The minimum qualifications for this position are a Bachelor's Degree and ten years of relevant experience, including at least three years of supervisory experience, or an equivalent combination of education and experience.

Application Materials

Candidates should submit a cover letter expressing their interest and qualifications in the position, as well as a resume describing their education and work experience.

Work Arrangement

The OSVPR is supportive of flexible work arrangements when aligned with the ability to meet the needs of the unit and the essential duties of the position.

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