Compliance Specialist, Office of Technology Transfer
Compliance Specialist, Office of Technology Transfer
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$ 61800 - 89600
1 Vacancy
Job Description
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 additional information on remote work at Penn State seeNotice to Out of State Applicants.
POSITION SPECIFICS
The Office of Technology Transfer (OTT) is seeking candidates for the role of Compliance Specialist. This position supports the mission of the Office of Technology Transfer by being responsible for all financial and other compliance activities related to licensing agreements of Penn State technologies.
This position reports to the Associate Director of the Office of Technology Management and works closely with the Office of General Counsel the Office of Investment Management Accounting Operations Research Accounting and Office of Sponsored Programs to coordinate compliance-related activities.
Responsibilities include but are not limited to:
Track and monitor a portfolio of 200 license agreements and their associated compliance items.
Coordinate with our Technology Licensing Officers (TLOs) to ensure companies are in compliance with agreement terms including:
Payments of royalties due and other financial obligations
Reporting obligations
Milestones and other performance obligations
Ensure that OTTs database of finance and compliance information is accurate and up-to-date.
Read through license/option agreements to identify and summarize terms that require monitoring for compliance.
Serve as a point person for communicating with TLOs the director/associate director and licensees regarding compliance issues breach of agreement terms terminating agreements etc.
Quickly develop proficiency in using our database (Wellspring-Sophia) to track and report on our finance and compliance data.
Develop detailed reports on related finance and compliance activity for the Director.
Work closely with the Associate Director and accounting staff to minimize accounts receivable.
Open communication with team members is a key component to this position as well as maintaining confidentiality relating to the license/option agreement terms financials etc.
Qualifications:
The individual in this role must be proactive a self-starter have critical thinking skills and be able to work both independently and as part of a team (with an excellent commitment to teamwork).
The successful candidate must possess excellent verbal and written communication skills outstanding attention to detail and accuracy excellent interpersonal abilities and a demonstrated willingness and ability to learn.
Experience managing email systems electronic data administration tools (such as Microsoft Excel Word and Adobe) as well as databases is required.Accounting experience is also a must.
MINIMUM EDUCATION WORK EXPERIENCE & REQUIRED CERTIFICATIONS
Bachelors Degree 3 years of relevant experience; or an equivalent combination of education and experience accepted Required Certifications: NoneBACKGROUND CHECKS/CLEARANCES
Employment with the University will require successful completion of background check(s) in accordance with University policies.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 $61800.00 - $89600.00.Salary Structure - Information on Penn States salary structure
Penn State provides a competitive benefits package for full-time employees designed to support both personal and professional 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 .
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 universitys teaching research and service mission.Required Experience:
Unclear Seniority
Employment Type
Full-Time
