Financial Administrative Specialist, Financial Aid; Hybrid

Job Summary The Financial Administrative Specialist performs a variety of financial activities, which include reconciliation, planning, auditing, and reporting for the Office of Student Financial Aid.

• Monitor, reconcile, and analyze federal, state, institutional, endowed, scholarship, grant, loan, and Federal Work-Study financial aid funds.
• Perform monthly, quarterly, annual, and ad hoc reconciliations of financial aid activity across university financial systems, the General Ledger, applicable federal systems including Common Origination and Disbursement (COD), state grant agencies, and other external or internal systems.
• Review financial detail, transaction activity, balances, expenditures, disbursements, receipts, and adjustments to identify discrepancies, unusual activity, errors, or potential compliance concerns.
• Research and resolve reconciliation variances in collaboration with Financial Aid, Financial Services, Budget, Business and Finance, Enrollment Management, and other campus partners.
• Review and verify journal entries, accounting classifications, chart fields, and other financial transactions for accuracy and appropriate financial aid fund accounting.
• Maintain supporting documentation and an appropriate audit trail for reconciliations and financial transactions.
• Develop and maintain reconciliation schedules, working papers, and standardized procedures to improve accuracy, consistency, and efficiency.
• Incorporate customized reports and data extracts into reconciliation and financial analysis processes.

• Support financial aid activities and coordinate with appropriate University offices to ensure timely and accurate fund draws and financial activity.
• Provide financial information and analysis to leadership for strategic decisions regarding financial aid packaging, institutional aid, and program administration.

• Monitor financial aid accounting activities for compliance with federal, state, and institutional requirements and University policies and procedures.
• Maintain awareness of regulatory and policy changes that may affect financial aid fund management, reconciliation, reporting, and accounting practices.
• Evaluate the potential financial and operational impact of changes and communicate recommended process or procedural adjustments to appropriate leadership.
• Assist with annual and periodic federal, state, institutional, and other required financial reports.
• Prepare documentation and supporting schedules for internal and external audits and respond to requests for financial aid accounting information.
• Coordinate with auditors and University departments to research questions, provide supporting documentation, and resolve identified discrepancies.
• Maintain organized and accessible documentation supporting financial transactions, reconciliations, reporting, and compliance activities.

• Use University financial aid, accounting, payroll, reporting, and related systems to analyze and validate financial information.
• Develop, maintain, and improve financial reports, spreadsheets, dashboards, data extracts, and other analytical tools used to monitor financial aid funds.
• Identify opportunities to streamline manual processes, reduce duplicate work, improve data quality, and increase the efficiency of financial operations.
• Collaborate with functional and technical staff to improve system processes, reporting functionality, data validation, and financial information flow.
• Document financial processes, procedures, internal controls, and reconciliation methodologies to promote consistency and continuity.
• Support implementation and testing of new financial systems, system enhancements, reports, and process changes.
• Identify recurring reconciliation or data issues and recommend sustainable process improvements rather than relying solely on transactional corrections.

• Monitor financial aid program and fund activity to ensure deadlines, balances, transactions, and required documentation are appropriately maintained.
• Coordinate the establishment and maintenance of new financial aid programs, scholarships, grants, and other funding sources.
• Verify fund descriptions, chart fields, accounting entries, system setup, and supporting documentation.
• Coordinate with University offices to establish, modify, and maintain financial aid funds and associated financial…