Accounts Receivable Lead - Student Billing & Partnerships

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The salary range for this role is $60,000-$65,000 and is commensurate with experience.

GENERAL DESCRIPTION

Illinois Tech Student Financial Services strives to educate, empower, and support students with an understanding of financial options and resources in an approachable environment. Reporting to the Director of Student Accounting, the Assistant Director for Accounts Receivable is a key leader in the Student Accounting Office and a member of the enrollment management team, providing leadership on all aspects of the student account receivable lifecycle including accounts receivable setup and account resolution.

This role will support the Director in execution of new partnerships, student billing, third-party receivables, and 1098T generation within the Office of Student Accounting and will provide support for reporting and audit requirements. This role will supervise the student account analyst and ensure a high-quality experience across all key operations and services.

COMMUNICATIONS

Excellent communication skills required when working with university staff, outside vendors and current and prospective students. Broad knowledge of university functions and depth of student accounting function necessary to cultivate relationships with students and across campus.

CUSTOMER SERVICE

Excellent customer service required when working with university staff, outside vendors and current and prospective students. Broad knowledge of university functions and depth of financial aid requirements necessary to cultivate relationships with students and across campus. The ability to maintain student confidentiality is essential in this position.

KEY RESPONSIBILITIES

Services

Responsible for generating all student billing statements each enrollment period to support student payment and university cash operations. This includes fee assessments within the Banner and Star Rez systems along with providing support to the Director in the setup and maintenance of the rate tables, new charges, and ad hoc fees.

Coordinate bill distribution with Student Accounting leadership to support service demands and enrollment timelines each enrollment cycle.

Assess late penalty charges for delinquent accounts and oversee support for student needs outside of the standard billing timelines.

Apply past due holds in the system in alignment with the enrollment periods to ensure university policy on enrollment with a past due balance is tightly monitored.

Oversee process to ensure students using third-party support are processed in a timely manner each term.
Operations
Provide support for all university partnership billing setup and reporting. Liaise with key enrollment partners to ensure billing structure supports enrollment goals including but not limited to Residence Life, Student Health and Wellness, and all admission units.

Create and manage the university billing calendar in conjunction with key stakeholders across the university to ensure billing timelines meet the enrollment and cash flow needs of the university.

Oversee collections with third-party partner, Recovery Select, for all outstanding balances each term. Ensure support provided to partner to meet university enrollment goals for future terms. Prove reporting for all activities and outcomes.

Monitor daily reports to ensure data needs align with desired billing generation and reporting.
Work closely with the Student Accounting and Financial Aid leadership to ensure all processes and systems are working to meet the operational needs.

Compliance

Oversee the generation and distribution of 1098

Ts as required annually.

Provide support to the director and any partner offices for annual financial audits.

Support enrollment leadership in reporting requirements and needs to ensure accounts receivable operations meet all…