Financial Accountant, Wharton Finance & Administration - University of Pennsylvania

University Overview


The University of Pennsylvania, the largest private employer in Philadelphia, is a world-renowned leader in education, research, and innovation. This historic, Ivy League school consistently ranks among the top 10 universities in the annual U.S. News & World Report survey. Penn has 12 highly-regarded schools that provide opportunities for undergraduate, graduate and continuing education, all influenced by Penn’s distinctive interdisciplinary approach to scholarship and learning. As an employer Penn has been ranked nationally on many occasions with the most recent award from Forbes who named Penn one of America’s Best Large Employers in 2023.




Penn offers a unique working environment within the city of Philadelphia. The University is situated on a beautiful urban campus, with easy access to a range of educational, cultural, and recreational activities. With its historical significance and landmarks, lively cultural offerings, and wide variety of atmospheres, Philadelphia is the perfect place to call home for work and play.




The University offers a competitive benefits package that includes excellent healthcare and tuition benefits for employees and their families, generous retirement benefits, a wide variety of professional development opportunities, supportive work and family benefits, a wealth of health and wellness programs and resources, and much more.








Posted Job Title

Financial Accountant, Wharton Finance & Administration





Job Profile Title

Accountant/Financial Analyst Senior





Job Description Summary

Founded in 1881 as the world’s first collegiate business school, the Wharton School of the University of Pennsylvania is shaping the future of business by incubating ideas, driving insights, and creating leaders who change the world. With campuses in Philadelphia and San Francisco, Wharton has over 850 staff, a faculty population of more than 235 renowned professors, and 5,000 undergraduate, MBA, executive MBA, and doctoral students. Each year, 13,000 professionals worldwide advance their careers through Wharton Executive Education’s individual, company-customized, and online programs. More than 104,000 Wharton alumni form a powerful global network of leaders who transform business every day. Wharton is home to a diverse staff population representing a rich array of backgrounds, expertise, and cultures. To learn more, visit www.wharton.upenn.edu.


The Financial Accountant reports directly to the Associate Director, Research Centers. The Financial Accountant will serve as an integral member of the Research Centers finance team at Wharton Finance & Administration, preparing and maintaining financial records and reporting for the various Research Centers. The position will have primary responsibility for historical financial analysis, ensuring accounting structures reflect unit activities, and provide reports to leadership on financial performance for the various Research Centers.


This position will be responsible for timely delivery of monthly and ad-hoc financial reporting, managing the various Research Centers Chart-of-Accounts (COA) to ensure accurate charges to revenues and expenses, ability to interpret general ledger and asset positions, investigate and flagging wayward transactions, creating and maintaining a database of external and internal funding agreements, act as the primary COA approver for staff & faculty expense reports, create and track invoice submissions, and deliver historical trends to the leadership. The position will be knowledgeable and comfortable with complex research funding structures and adept at analyzing data from disparate systems to enable fact-based, timely, and collaborative decisions that enhance the mission of Wharton and its respective Research Centers. In addition to the core responsibilities, this role will collaborate with the team and various departments to gain insights and implement streamlined processes for more seamless financial operations.





Job Description


Job Responsibilities



+ Deliver timely and accurate monthly financial reporting to various Research Centers. Create ad-hoc reports for stewardship reporting related to gifts, endowments, grants, and fee for service. Ability to pull historical financial data on demand. Proactively investigate transactions to ensure accuracy. Research into transactions as requested by team members and centers. Develop Chart-of-Accounts structure to reflect programming and research activities of units as activities and structures evolve.


+ Create and maintain a database of funding agreements, including gifts, endowments, grants, fee for service, and internal funding agreements between internal departments. Act as the subject matter expert on external and internal agreements as it relates revenues, transfers, and expenses. Ensure transactions are adhering to agreement restrictions. As the status of agreements evolve, track updates on usage ability in database.


+ Act as the Chart-of-Accounts (COA) approver for various Centers staff and faculty, ensuring that expenses are compliant with university financial policy and are charged to the correct COA.


+ Create invoices and track receivables to ensure timely cash collection.


+ Engage in projects related to accounting and reporting improvements via learning and leveraging new technology and best-practices.


+ Perform additional duties as assigned.





Qualifications


Bachelor's Degree with 5-7 years of related experience or an equivalent combination of education and experience is required. Previous accounting and data management experience. Attention to detail/accuracy. Strong business acumen and accounting skills. Knowledge of Penn's financial systems a plus.



+ Previous accounting, reporting, and analysis experience required.


+ Advance technical skills required (spreadsheet proficiency, financial software/data extraction).


+ Excellent interpersonal and communication skills are essential, including professional email writing skills and the ability to enforce policies and guidelines diplomatically but assertively, including with those at higher levels.





Please submit a resume and cover letter for consideration.






Job Location - City, State

Philadelphia, Pennsylvania





Department / School

Wharton School





Pay Range

$61,046.00 - $90,000.00 Annual Rate

Salary offers are made based on the candidate’s qualifications, experience, skills, and education as they directly relate to the requirements of the position, as well as internal and market factors and grade profile.










Affirmative Action Statement Penn adheres to a policy that prohibits discrimination on the basis of race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.




Special Requirements Background check required after a conditional job offer is made. Consideration of the background check will be tailored to the requirements of the job.




University Benefits

+ Health, Life, and Flexible Spending Accounts : Penn offers comprehensive medical, prescription, behavioral health, dental, vision, and life insurance benefits to protect you and your family’s health and welfare. You can also use flexible spending accounts to pay for eligible health care and dependent care expenses with pre-tax dollars.

+ Tuition : Take advantage of Penn's exceptional tuition benefits . You, your spouse, and your dependent children can get tuition assistance here at Penn. Your dependent children are also eligible for tuition assistance at other institutions.

+ Retirement: Penn offers generous retirement plans to help you save for your future. Penn’s Basic, Matching, and Supplemental retirement plans allow you to save for retirement on a pre-tax or Roth basis. Choose from a wide variety of investment options through TIAA and Vanguard.

+ Time Away from Work: Penn provides you with a substantial amount of time away from work during the course of the year. This allows you to relax, take vacations, attend to personal affairs, recover from illness or injury, spend time with family—whatever your personal needs may be.

+ Long-Term Care Insurance: In partnership with Genworth Financial, Penn offers faculty and staff (and your eligible family members) long-term care insurance to help you cover some of the costs of long-term care services received at home, in the community or in a nursing facility. If you apply when you’re newly hired, you won’t have to provide proof of good health or be subject to underwriting requirements. Eligible family members must always provide proof of good health and are subject to underwriting.

+ Wellness and Work-life Resources : Penn is committed to supporting our faculty and staff as they balance the competing demands of work and personal life. That’s why we offer a wide variety of programs and resources to help you care for your health, your family, and your work-life balance.

+ Professional and Personal Development: Penn provides an array of resources to help you advance yourself personally and professionally.

+ University Resources: As a member of the Penn community, you have access to a wide range of University resources as well as cultural and recreational activities. Take advantage of the University’s libraries and athletic facilities, or visit our arboretum and art galleries. There’s always something going on at Penn, whether it’s a new exhibit at the Penn Museum, the latest music or theater presentation at the Annenberg Center, or the Penn Relays at Franklin Field to name just a few examples. As a member of the Penn community, you’re right in the middle of the excitement—and you and your family can enjoy many of these activities for free.

+ Discounts and Special Services : From arts and entertainment to transportation and mortgages, you'll find great deals for University faculty and staff. Not only do Penn arts and cultural centers and museums offer free and discounted admission and memberships to faculty and staff. You can also enjoy substantial savings on other goods and services such as new cars from Ford and General Motors, cellular phone service plans, movie tickets, and admission to theme parks.

+ Flexible Work Hours: Flexible work options offer creative approaches for completing work while promoting balance between work and personal commitments. These approaches involve use of non-traditional work hours, locations, and/or job structures.

+ Penn Home Ownership Services: Penn offers a forgivable loan for eligible employees interested in buying a home or currently residing in West Philadelphia, which can be used for closing costs or home improvements.

+ Adoption Assistance: Penn will reimburse eligible employees on qualified expenses in connection with the legal adoption of an eligible child, such as travel or court fees, for up to two adoptions in your household.




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To learn more, please visit: https://www.hr.upenn.edu/PennHR/benefits-pay



The University of Pennsylvania's special character is reflected in the diversity of the Penn community. We seek talented faculty and staff who will constitute a vibrant community that draws on the strength that comes with a substantive institutional commitment to diversity along dimensions of race, ethnicity, gender, sexual orientation, age, religion, disability, veteran status, interests, perspectives, and socioeconomic status. Grounded in equal opportunity, nondiscrimination, and affirmative action, Penn's robust commitment to diversity is fundamental to the University's mission of advancing knowledge, educating leaders for all sectors of society, and public service. The University of Pennsylvania prohibits unlawful discrimination based on race, color, sex, sexual orientation, gender identity, religion, creed, national or ethnic origin, citizenship status, age, disability, veteran status, or any other legally protected class.