Compliance Specialist, Finance & Banking

Responsible for understanding and effectively carrying out assigned duties and university student financial aid packaging policies and procedures, associated Federal and State financial aid regulations, and the intricacies of the relationship between the various entities. Emphasis is focused on providing an accurate and effective service to university campuses, departments, employees, and students, in multiple states, and for multiple academic programs.

Requires strong problem-solving skills as well as multi-tasking skills and abilities. Communicates regularly with others by phone, e-mail, and in person under limited supervision.

Essential Functions:

Email students from JFA system processing documents missing to support the Student Financial Services Advisor. Review student application information for completeness and accuracy. Reconcile any discrepancies and ensure compliance with Federal and State Regulations.

Implement Federal and State regulations through a thorough knowledge and understanding of how they affect student Financial Aid. Identify potential problem areas and know what needs to be done to resolve them so the institution remains compliant.

Participate in webinars and workshops to remain current with Federal and State regulations. Suggest modification to policies and procedures to facilitate changes in regulation.

Monitor and enforce Federal and State regulations governing the various Federal, State, Institutional and Campus Based aid programs as they pertain to the institution’s constituencies across multiple sites and academic programs.

Conduct need analysis for each student, based on federal and institutional policies, and develop award packages. Determine the amount and timing of student aid disbursements and take the necessary steps to apply funds to the student’s account.

Work with student advisors, students and families throughout the process to ensure timely processing of applications and to help ensure that sufficient funding is available when needed.

Review, verify, maintain information, and remain current with the status of each student’s pending loan and grant disbursements. Work through any information errors, incomplete documents, or additional hold ups where additional information needs to be applied before disbursement can be released.

Work effectively with student financial services advisor; coordinate office responsibilities assuring all required duties are complete and be a team player supporting the workload of those with whom you work as able and needed. Communicate effectively and collaborate with others, share resources.

Other duties as assigned

Required

Education:

Bachelor’s Degree or equivalent experience required

Required Experience:

Prior Title IV Financial Aid experience and a 2-5 years general work experience required.

Additional Eligibility Requirements:

Must be experienced with financial aid technologies and relevant financial aid software applications, including but not limited to oversight of these technologies and applications and the ability to train others.

Must be well versed in the operation of standard office equipment.

Excellent verbal, written, and mathematics skills.

Accuracy, organization, and attention to detail.

Self-starter able to work both independently as well as cooperatively.

Knowledge of and experience with current personal computer technologies and applications, including standard office functions, spreadsheet programs, word processing programs, relevant web-based applications.

Systems- and process-minded (can see the bigger picture).

Working Conditions:

(Physical attributes required to perform job duties with or without reasonable accommodation - examples: sitting, lifting, bending, driving, environmental factors or elements, noise level,…