JOB DESCRIPTION

Job Title: Financial Aid Processor

FLSA: Non-Exempt, Full Time

DISTINGUISHING CHARACTERISTICS:

The Financial Aid Processor performs a thorough review of all required Financial Aid documents to ensure requirements for Title IV eligibility have been met. The Financial Aid Processor also processes student Financial Aid Awards.

SAMPLES OF DUTIES:

This list is neither inclusive nor exclusive, but indicative of several types of duties performed. Consequently, this information does not reflect Essential Functions for any given position in this classification.

• Run reports to identify files ready for review and payment

• Review packaging documentation utilizing the Financial Aid File checklist to verify all required documents are present and meet Department of Education Standards. This includes, but is not limited to:

• Verification documentation

• Valid ISIRs

• “C” code resolution

• Loan documents (MPN, Entrance Counseling, etc.)

• Coordinate with Campus FA Staff to obtain additional documentation, when necessary, prior to approval of awards.

• Review and approve Professional Judgements

• Originate and modify Pell Grant and Stafford Loans in the Ed Express system

• Review pushed ISIRs, Multiple Reporting Records, Pell Overpayment (POP) notifications

• Participates in regular audits to ensure regulatory compliance with all internal, state and federal regulations governing the administration of Title IV Aid

• Other duties as assigned by the Director of Title IV Administration & Compliance.

KNOWLEDGE, SKILLS, AND ABILITIES

Knowledge of:

• The administration of Title IV Student Aid programs including FSEOG, Pell Grant, and Stafford Loans

• Microsoft Office Program (Word and Excel)

• Basic business and/or finance principles

Skills and Abilities:

• Ability to apply Federal, State, and Internal regulations to the review of student Financial Aid Files

• Work independently at a pace that ensures department goals and objectives are met

• Ability to perform basic math calculations

• Maintain strict confidentiality of student information

• Effectively communicate with campus staff

• Strong attention to detail

MINIMUM QUALIFICATIONS

Education

High School Diploma or Equivalent

Experience

Minimum of one (1) year of experience in any of the following disciplines: business and finance and/or the administration of student financial aid.

OR:

Any relevant combination of education and experience as determined by the Chief Executive Officer, Chief Financial Officer, or Chief Operating Officer.

WORKING CONDITIONS

While performing the duties of this job, the employee is regularly required to sit. The employee frequently is required to use hands, talk, see, and hear. The employee must occasionally lift and/or move up to 25 pounds

High school diploma or equivalent; minimum one year experience in business/finance or student financial aid administration; knowledge of Title IV programs, Microsoft Office; ability to sit, use hands, talk, see, hear, and lift up to 25 pounds.

Key Responsibilities

• reviewing financial aid documents
• processing student awards
• running reports

Skills & Tools

Microsoft Word, Microsoft Excel, Ed Express

Job Details

• Category: Administrative & Clerical Support
• Seniority: Entry Level
• Commitment: Full Time
• Workplace: Remote — United States
• Salary: USD 41,600 – 49,920 / year
• Languages: English

About Institute of Technology

An educational institution offering financial aid processing and student support services. — Industry: Education