Accountant - Third Party Contracts (Bursar)

• →Manage and maintain international third-party sponsored accounts, contracts, and student eligibility records within the University's student information system
• →Review and evaluate sponsor documentation, including financial guarantees, letters of credit, vouchers, and sponsorship agreements, to ensure accurate student sponsorship setup and billing
• →Create, maintain, and renew sponsor contracts; establish appropriate billing structures and financial coverage based on contractual requirements
• →Generate accurate and timely invoices to international sponsors and ensure student charges, credits, and billing transactions are properly applied and reconciled
• →Process sponsor payments, post transactions to appropriate accounts, and perform reconciliations between student financial records, sponsor accounts, and general ledger balances
• →Monitor accounts receivable, manage outstanding balances, and follow up with sponsors to resolve delinquent or disputed invoices
• →Collaborate with internal partners, including Sponsored Relations, Student Health Insurance, and other university offices, to address billing inquiries, resolve discrepancies, and ensure compliance with sponsor and institutional requirements
• →Maintain detailed contract, payment, and sponsorship records to support reporting, audit requirements, and regulatory compliance
• →Prepare reports and financial analyses related to sponsored student programs, sponsor activity, and foreign gift reporting requirements
• →Provide exceptional customer service by responding to inquiries from students, sponsors, faculty, and staff regarding sponsorship agreements, billing processes, account balances, and payment activity
• →Identify and implement process improvements to enhance efficiency, accuracy, and effectiveness within third-party billing operations

• Strong accounting, reconciliation, and accounts receivable experience
• Ability to interpret and apply contractual agreements, financial guarantees, and sponsor requirements
• Strong analytical and problem-solving skills with exceptional attention to detail
• Proficiency with financial systems, databases, spreadsheets, and standard office software
• Ability to manage multiple priorities and deadlines in a high-volume environment
• Excellent written and verbal communication skills with the ability to interact professionally with students, sponsors, and university personnel
• Demonstrated ability to work independently and collaboratively with cross-functional teams

• Advanced proficiency in Microsoft Excel and strong working knowledge of Microsoft Office applications

Bachelor’s degree in accounting, finance, or related field.

• Experience with ERP systems (e.g., PeopleSoft, Flywire)
• Experience in higher education financial operations, student receivables, or third-party contract management

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.

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.

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.

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