Finance OST | Controllership Hub

This hub will strengthen the University’s accounting and fiscal compliance by combining existing teams, like payroll and financial reporting, with new ones, such as internal billing and general accounting. It will play a critical role in maintaining financial integrity and providing excellent customer service across the University.

Hub Overview

The Controllership hub encapsulates several core functions, many of which already operate University-wide and form the backbone of the University’s accounting and fiscal compliance framework. Existing teams – including payroll, financial reporting, asset management, cost analysis, and tax – will be bolstered with additional talent as part of the OST-launched financial organization. New teams, including internal billing and general accounting, will also be stood up, contributing in a meaningful way to the University’s effective and efficient internal control structure, while providing excellent customer service to units from all corners of the University. 

Key activities of the Controllership hub include the following: 

  • Maintenance and oversight of SIMBA master data elements,
  • Input and review/approval of a myriad of accounting transactions originating from units and other hubs, 
  • Monthly close and robust ongoing reconciliation, 
  • Preparation of financial statements and audit coordination, 
  • Establishment and maintenance of approved rates – both internal rates and those negotiated with the federal government for sponsored research. 

Expanded Functions University-wide

Existing unified teams and processes, including payroll, asset management, cost analysis, and tax, will be strengthened

New Teams for Additional Impact

Internal billing and general accounting will join this hub, bringing a new level of strategy and efficiency to these operations

Enhanced Customer Service

Under the new Controllership hub, improving customer service will be a key priority

Team Structure

Organizational structure for controllership hub. Information replicated in HTML below.

The Controllership hub lead will have five direct reports, each responsible for specific process areas, with dedicated team members supporting them.

Managers

Controller (Hub Lead)  

Reporting to Hub Lead 

  • Internal Billing Lead 
  • Cost Analysis Lead 
  • Assistant Controller 
  • Director, Payroll 
  • Director, Tax 

 

 

Teams

Reporting to Internal Billing Lead 

  • Internal Billings Team 

Reporting to Cost Analysis Lead 

  • Cost Analysis Team 

Reporting Assistant Controller 

  • External Reporting Team 
  • Property Inventory Team 
  • General Accounting Team 

Reporting to Director, Payroll 

  • Payroll Team 

Reporting to Director, Tax 

  • Tax Team 

Controllership Hub Overview

During our May town hall, Lee Wagner, controller, shared the latest updates on the development and structure of the hub.

Leadership

 

Headshot of Lee Wagner

Lee Wagner

Controller
law254@PSU.edu

Share Your Thoughts

If you have a question about the Finance OST, we encourage you to reach out to us.