Director of Accounting and Assistant Controller

May 17, 2018
Institution Type
Four-Year Institution

Director of Accounting and Assistant Controller

Penn State University's College of Medicine, located in Hershey, Pennsylvania, has engaged in a search for the next Director of Accounting and Assistant Controller. Reporting currently to the Associate Vice President for Finance and Business, and Controller of the College of Medicine, the Director of Accounting and Assistant Controller (DAAC) performs the following functions under the position description.

Position description: Biomedical and health science research accounting. The DAAC oversees biomedical and health science research accounting functions (post award) in compliance with federal sponsorship regulations and clinical trials contracts. These responsibilities include oversight of the indirect cost recovery rate calculations (Facilities and Administration or F&A), intracompany transfers for research core services (including establishing the service charge rates), liaison work with federal auditors, contract review and authorization (with approval signature authority), and restricted fund expense reviews. General accounting for College of Medicine operations. The DAAC is responsible for the accounting functions for general College of Medicine operations. These duties include general ledger structure maintenance and management in compliance with university policies, and accounts payable and accounts receivable for general funds. The DAAC also accounts for cash and reserves, fixed assets, gift funds, and endowments proceeds available for operating expenses. The DAAC participates in negotiations on intercompany service agreements and occupancy fees with Penn State Health, and accounts for these transactions in collaboration with the finance and accounting operations of the various clinical enterprises. Staff development and management. The DAAC oversees two direct report accounting managers and through these positions a staff of 13 accountants, analysts, and administrative supporters. This position must create a constructive, cooperative, and collaborative workplace environment and culture that respects diversity, enhances inclusion, and embodies mutual respect. Serve as a senior management advisor. The DAAC is a principal advisor to the Associate Vice President for Finance and Business, and Controller of the College of Medicine, on topics such as accounting policies; internal controls; waste, fraud, and abuse; university relations; cash management and financing; and long range planning. The DAAC also provides advice to the College of Medicine vice deans for Research, Education, Faculty Affairs, Clinical Affairs, and the Regional Campus (at University Park). Typically requires a Bachelor's degree or higher plus ten years of related experience, or an equivalent combination of education and experience.

Preferred Qualification:
The successful candidate for this position will have the following background and professional characteristics:

A Master's degree in accounting, business administration, public administration, health administration, or related field is preferred, as is the Certified Public Accountant credential.

Five to ten years of experience in accounting and finance at an institution of higher education, preferably at a research university and in the bio-medical and health sciences areas. Experience working at an accredited medical school is highly desirable.

Advanced knowledge of post award research and fund accounting, and clinical trials contracting. Ability to translate fund accounting to more business-oriented accounting and financial reporting. Experience with establishing and overseeing core research service and F&A rates.

Knowledge of capital planning, debt financing, and fixed asset accounting.

Experience in an academic health system with a working knowledge of clinical operations is desirable, including methods of funds flows and intercompany service agreements between the clinical and academic enterprises.

History of successfully managing and developing staff members, and collaborative working relationships with colleagues and customers.

Background in financial and accounting systems management, upgrades, and conversions.

Apply online at

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Penn State is an equal opportunity, affirmative action employer, and is committed to providing employment opportunities to all qualified applicants without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.


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