Government Property Accountant

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** Approval of remote and hybrid work is not guaranteed regardless of work location. For additional information on remote work at Penn State, see .**###   
** POSITION SPECIFICS
** The Office of Budget and Finance invites applications for a Government Property Accountant (Accountant - Intermediate Professional) to join the Asset Management Team. This position plays a critical role in ensuring the accurate valuation, capitalization, recording, and reporting of University assets, with a strong emphasis on Department of Defense (DoD), federally funded, and grant-supported assets.

The Accountant supports the University’s fiduciary responsibilities related to federal investments, ensuring compliance with asset accountability, allowability, audit readiness, and closeout requirements across sponsored and non-sponsored funding sources.
** Primary Responsibilities – Accounting, Assets & Compliance
*** Analyze financial gifts and acquisitions documentation to ensure accurate and proper capitalization, including recording, distribution, and follow-up in support of accurate financial and grant reporting.
* Capitalize gifts and asset purchases in accordance with University policy and federal requirements, including accurate posting of values to Government Furnished Property,  GFP.
* Perform federal property closeout certificates. Analyze and resolve expense discrepancies to ensure allowability and completeness of costs associated with defense-related and sponsored projects.
* Responsible for reviewing, interpreting and applying new federal acquisition regulations to the University’s procedures and policies.
* Prepare and submit disposition requests to Department of Defense's (DoD) Procurement Integrated Enterprise Environment (PIEE) system, supporting DoD and federal property accountability and lifecycle documentation requirements.
* Conduct asset tagging and inventory activities, supporting physical accountability and audit readiness for grant-funded and restricted assets.
* Generate detailed DoD financial property reports for University leadership and for Office of Naval Research (ONR) & other DoD Property Management System Analysis audits.
* Oversee department’s annual budget reconciliation, order office supplies and maintain responsibility for the department’s purchasing card usage.
* Review and analyze SAP Ariba purchase requisitions, assign proper asset classification to ensure correct capitalization depreciation assignments, and federal allowability.
** Secondary Responsibilities
*** Provide support for monthly settlement of Assets Under Construction (AUCs).
* Provide support for the monthly depreciation run.
* Assist with lease evaluation and capitalization.
* Assist with milestone monitoring and capitalization.
* Serve as an audit liaison supporting asset, federal, and DoD-related audits.
* Provide support for asset transfer forms.
** Required Competencies
*** Excellent verbal and written communication skills.
* Strong problem-solving skills in complex funding and compliance environments.
* Collaborative and flexible decision-making style.
* Ability to work independently and as part of a team while managing multiple priorities.
** Compliance & Work Requirements
*** Successful Department of Defense background investigation within six months of hire.
* This position offers a flexible work arrangement that combines remote and on-campus work. Questions related to flexible work should be directed to the hiring manager during the interview process.
** MINIMUM EDUCATION, WORK EXPERIENCE & REQUIRED CERTIFICATIONS
** Bachelor's Degree1+ years of relevant experience; or an equivalent combination of education and experience accepted

Required

Certifications:

None###   
** BACKGROUND CHECKS/CLEARANCES
** Employment with the University will require successful completion of background check(s) in accordance with University policies. Due to the financial and…