Direct Loan Specialist

## Direct Loan Specialist Apply locations:
Mordecai Wyatt Johnson Building time type:
Full time posted on:
Posted Yesterday job requisition :
JR108212

The Talent Acquisition department hires qualified candidates to fill positions which contribute to the overall strategic success of Howard University. Hiring staff “for fit” makes significant contributions to Howard University’s overall mission.

At Howard University, we prioritize well-being and professional growth.

Here is what we offer:
* *** Health & Wellness:
*** Comprehensive medical, dental, and vision insurance, plus mental health support
* *** Work-Life Balance:
*** PTO, paid holidays, flexible work arrangements
* *** Financial Wellness:
*** Competitive salary, 403(b) with company match
* *** Professional Development:
*** Ongoing training, tuition reimbursement, and career advancement paths
* *** Additional Perks:
*** Wellness programs, commuter benefits, and a vibrant company culture
** Join Howard University and thrive with us!
** (Use the "Apply for this Job" box below).-wellness
** PRINCIPAL

ACCOUNTABILITIES :
*** The Direct Loan Specialist is responsible for processing Federal and private loans for the graduate, professional, and undergraduate populations at Howard University according to Federal regulations and Financial Aid Office procedures.
* The Direct Loan Specialist is responsible for the day-to-day production of a high volume of student and parent loan.
* This position coordinates with Financial Aid staff to determine loan eligibility and communicates with other campus departments; lenders; guarantee agencies and loan servicers.
* The Direct Loan Specialist works as a member of the loan team.
* Perform automatic and manual loan processing functions for Federal and private educational loan programs accurately and in a timely manner according to Federal Regulations and University policy and procedure.
* Perform weekly, monthly, and annual reconciliation of loan awards and disbursements according to Federal Regulations and University policy and procedure.
* This includes but is not limited to: reviewing and correcting lists of rejected loans, loans pending certification, credit denial reports, disbursement discrepancies between Workday and COD, award discrepancies between Workday and COD, students missing necessary loan paperwork, and loans pending disbursements; reviewing and completing reports generated by the Department of Education, Howard University, the Financial Aid office, lenders, servicers, or disbursing agents.
* Communicate efficiently, accurately, and expeditiously with all necessary parties regarding loan processing according to Federal Regulations and University policy and procedure.
* Perform other duties as assigned or as needed based on regulatory or procedural changes.
* This includes but is not limited to training new staff members; assisting with loan presentations; and working with other departments within Enrollment Management to ensure student loans are processed in a timely manner.
* This position coordinates with Financial Aid staff, communicates with other on campus departments, as well as off campus organizations to ensure the efficient, accurate, and effective processing of loans.
* Understanding of how to use a wide variety of computer systems and databases.
* Detail oriented, be able to work quickly and accurately, have effective communication skills and be able to handle a high-volume work environment.
* Knowledge of Federal regulations, ELM, and COD.
* Exercise great attention to detail utilizing analytical and problem-solving skills.
* Demonstrate the ability to adapt in a high pace environment.
* May be required to work evenings and weekends.
** Compliance Salary Range Disclosure
***
* CORE COMPETENCIES:

** Human Resources Management and Training:

In the absence of the Associate Director of Loans, this position will report to the Deputy Director of Financial Aid. Will keep abreast of Title IV regulations and institutional policies and procedures and ensure that staff is properly trained and provided direction.

Percentage of Time: 25%
Data Management:

This position will support the Compliance unit within the Office of Financial Aid for reconciling…