New

Asset Manager

The Pennsylvania State University
paid time off, sick time, remote work
United States, Pennsylvania, University Park
201 Old Main (Show on map)
Jan 06, 2026
APPLICATION INSTRUCTIONS: CURRENT PENN STATE EMPLOYEE (faculty, staff, technical service, or student), please login to Workday to complete the internal application process. Please do not apply here, apply internally through Workday. CURRENT PENN STATE STUDENT (not employed previously at the university) and seeking employment with Penn State, please login to Workday to complete the student application process. Please do not apply here, apply internally through Workday. If you are NOT a current employee or student, please click "Apply" and complete the application process for external applicants. Approval of remote and hybrid work is not guaranteed regardless of work location.For additional information on remote work at Penn State, seeNotice to Out of State Applicants. POSITION SPECIFICS The Pennsylvania State University is seeking 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 Manager 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. Primary Responsibilities Facilities Capitalization- Monitor Office of Physical Plant "OPP" accounting systems for new and renovation projects needing to be capitalized to include reviewing and approving OPP procurement requisitions. Perform Bond Financing Audits - Review OPP expenses on projects that are directly related to a Treasury Bond Note. Supervise asset management specialists- Set individual goals, oversee work assignments and monitor for accuracy. Schedule and create agenda for weekly/quarterly inventory meetings. Perform year end performance reviews. Milestone Monitoring -Monitor milestones and capitalize costs from completed milestones into financial records. Monthly Settlement- Reconciling monthly asset AUC transactions and posting entries correctly. Monthly Depreciation- Calculating and posting monthly depreciation for capitalized assets. Monthly internal order investment profile reviews- Performing monthly checks on internal orders for appropriate account assignments. Audit Liaison-Acting as point of contact for auditors and providing required documentation. Lease Evaluation- Assessing lease agreements for compliance and capitalization requirements. Lease Recording-Recording lease details in financial systems for proper reporting. Train new research administration- Create training materials to instruct ACES participants. Other Duties as assigned Backup Responsibilities 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) 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. Demonstrated competencies in the following areas will be required: 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 MINIMUM EDUCATION, WORK EXPERIENCE & REQUIRED CERTIFICATIONS Bachelor's Degree 8+ years of relevant experience, includes 3+ years of supervisory 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 fiduciary responsibilities of this position, successful completion of a credit history check will be required in addition to standard background checks. 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 & BENEFITS The salary range for this position, including all possible grades, is $68,200.00 - $102,300.00. Salary Structure - Information on Penn State's salary structure Penn State provides a competitive benefits package for full-time employees designed to support both personal and professional well-being. In addition to comprehensive medical, dental, and vision coverage, employees enjoy robust retirement plans and substantial paid time off which includes holidays, vacation and sick time. One of the standout benefits is the generous 75% tuition discount, available to employees as well as eligible spouses and children. For more detailed information, please visit our Benefits Page. CAMPUS SECURITY CRIME STATISTICS Pursuant to the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act and the Pennsylvania Act of 1988, Penn State publishes a combined Annual Security and Annual Fire Safety Report (ASR). The ASR includes crime statistics and institutional policies concerning campus security, such as those concerning alcohol and drug use, crime prevention, the reporting of crimes, sexual assault, and other matters. The ASR is available for review here. EEO IS THE LAW 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. The Pennsylvania State University is committed to and accountable for advancing equity, respect, and belonging. We embrace individual uniqueness, as well as a culture of belonging that supports equity initiatives, leverages the educational and institutional benefits of inclusion in society, and provides opportunities for engagement intended to help all members of the community thrive. We value belonging as a core strength and an essential element of the university's teaching, research, and service mission. Federal Contractors Labor Law Poster PA State Labor Law Poster Penn State Policies Copyright Information Hotlines