Asset Manager

United States, Pennsylvania, University Park

Internal applicants:
Faculty, staff, technical service or students (current) must login to Workday to complete the internal application. External applicants should click "Apply" to complete the application.

The Pennsylvania State University seeks an Asset Manager. The Asset Manager provides leadership and oversight for the University's asset management functions, ensuring proper valuation, recording and reporting of University Assets. The role plays a critical role by overseeing staff and enforcing policies. The Asset Management team is part of the Controllership hub within the Finance and Business division of the University.

• Facilities Capitalization – Monitor OPP accounting systems for new and renovation projects, review and approve OPP procurement requisitions.
• Perform Bond Financing Audits – Review OPP expenses on projects directly related to a Treasury Bond Note.
• Supervise asset management specialists – Set goals, oversee assignments, monitor accuracy, schedule and lead inventory meetings, conduct year‑end performance reviews.
• Milestone Monitoring – Monitor milestones and capitalize costs from completed milestones into financial records.
• Monthly Settlement – Reconcile monthly asset AUC transactions and post entries correctly.
• Monthly Depreciation – Calculate and post monthly depreciation for capitalized assets.
• Monthly internal order investment profile reviews – Perform monthly checks on internal orders for appropriate account assignments.
• Audit Liaison – Act as point of contact for auditors and provide required documentation.
• Lease Evaluation – Assess lease agreements for compliance and capitalization requirements.
• Lease Recording – Record lease details in financial systems for proper reporting.
• Train new research administration – Create training materials to instruct ACES participants.
• Other duties as assigned.

• Facilities Capitalization
• Milestone Capitalization
• Transfer Forms
• Inventory Update
• Gift Distribution and Follow‑up
• Gift Capitalization
• Monthly Controller Checklist
• End‑of‑Year Financial Reports
• Review/Update PSU Procedures, Policies, SOP
• SIMBA enhancements – Test & train new applications
• End‑of‑year financial reports (PP&E, NCAA, UBIT, Risk, Cost Analysis)

• Superior verbal and written communication skills.
• Strong quantitative and analytical skills.
• Collaborative and flexible decision‑making style.
• Vision to assess and proactively lead based on changing needs.
• Excellent problem‑solving skills to plan, organize, delegate, and direct work objectives, priorities, and deadlines.
• Proven ability to work both independently and as a team member, and to multitask and respond professionally in challenging situations.

• Bachelor's Degree with 8+ years of relevant experience, including 3+ years of supervisory experience; or equivalent combination of education and experience.
• Required certifications:
  None.

Employment requires successful completion of background checks in accordance with University policies and a credit history check. 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 range: $68,200 – $102,300. Benefits include comprehensive medical, dental, vision coverage, robust retirement plans, paid time off, and a 75% tuition discount for employees, spouses, and children.

Penn State is an equal‑opportunity 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. If you are unable to use our online application process due to an impairment or disability, please contact 814‑865‑1473.

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.