Director of Financial Aid and Compliance Job Paramus area,New Jersey USA,Finance & Banking

POSITION SUMMARY

Monitors regulatory and administrative requirements for Title IV federal student aid programs; identifies regulatory changes and systematic problems and briefs department administration of recently adopted regulations with respect to Title IV and state aid programs; proposes solutions to changes in regulations and systematic issues and develops plans, recommendations, and timetables for effectively implementing changes appropriately both for compliance and administrative effectiveness;

alerts staff of proposed changes.
Creates and coordinates an internal policies and procedures manual for each function within the Financial Aid Department. Updates and communicates changes to ensure compliance with regulatory requirements for federal and state aid programs.
Works with department administration to ensure the student information system is configured in a manner that is compliant with federal, state and institutional regulations. Conducts audits of data and systems to ensure the integrity of information. Serves as the central contact in trouble-shooting technology and operational issues that hinder the flow of applicants through the financial aid process.
Establishes monitoring and reviewing controls to ensure adherence by staff to the code of federal regulations with respect to Title IV federal student aid and state regulations regarding state financial aid programs.
Develops and ensures federal and state compliant content for our financial aid website and assists in the coordination of the relevancy, usefulness, and accuracy of information on College websites related to financial aid and ensures overall compliance with federal consumer protection and disclosure requirements.
Responsible for providing staff with professional development opportunities, in addition to providing staff training on state and federal financial aid regulations.
Resolves reporting discrepancies, analyzes data sets, and provides analytical/operational reports to improve efficiencies.
Assists with developing, implementing, and maintaining multiple levels of proactive internal quality control mechanisms to ensure compliance with all federal, state and institutional policies and/or regulations. Develops action plans to remedy any violations or deficiencies noted.
Ensures that the multitude of external and auxiliary systems used by financial aid in the administration of aid are set-up and used effectively in daily operations (COD, CPS, SAIG, NSLDS, as well as ELM online services).
Participates in professional organizations and collaborates with state affinity groups, regional and national organizations to stay abreast of all regulatory changes.
Ensures student concerns pertaining to the Financial Aid Office are promptly and fully addressed and documented.
Ensures staff adheres to proper use of technology when communicating with students and documenting student interaction.
Engages in continuous assessment and improvement of services provided by the Financial Aid Office.
Ensures the timely and accurate packaging and disbursement of student aid; the effective flow of information and documentation throughout the process; the full implementation of all institutional aid programs.
Counsels students and parents regarding college financial aid opportunities; participates in workshops, open houses, both on and off campus, promoting financial aid materials and information. Educates students on the information required for completing financial aid applications and assists them with accurate data input as required by Federal and State financial aid websites.
Performs federal need analysis, verification, and determines student award eligibility for Title IV, state, and/or institutional aid programs, in compliance with…