Director, Financial Aid Compliance

Otis College of Art and Design

Director, Financial Aid Compliance

Salary Range: 91,731.00 - 112,794.00

Open Until Filled

Los Angeles, CA (Westchester)

We are searching for an experienced Director, Financial Aid Compliance at our Goldsmith Campus - Westchester campus.

Primary Duties and Responsibilities:

1. Ensure Regulatory Compliance: Monitor and enforce adherence to federal, state, and institutional financial aid regulations and policies.
2. Oversee Financial Aid Programs: Manage the administration of financial aid programs, including grants, loans, and scholarships, to ensure they meet compliance standards.
3. Conduct Audits and Reviews: Perform regular audits and reviews of financial aid practices and processes to identify and address potential compliance issues.
4. Develop and Implement Policies: Create and update internal policies and procedures related to financial aid compliance and ensure they are effectively communicated to staff.
5. Provide Training and Support: Train financial aid staff on compliance requirements, best practices, and changes in regulations.
6. Prepare and Submit Reports: Compile and submit required reports to federal, state, and institutional authorities, including annual compliance reports and financial aid statistics. Analyze the financial aid scholarship matrix and scholarship appeal spending; prepare reports on a weekly, monthly, or semester basis to track spending.
7. Respond to Compliance Inquiries: Address inquiries and concerns from regulatory agencies, auditors, and internal stakeholders related to financial aid compliance.
8. Monitor Regulatory Changes: Stay informed about changes in financial aid regulations and adjust policies and procedures as necessary to maintain compliance.
9. Collaborate with Other Departments: Work closely with other departments, such as admissions and academic advising, to ensure coordinated compliance efforts and support student success.
10. Manage Compliance-Related Documentation: Maintain accurate and up-to-date records of compliance-related documentation and correspondence.

Required Qualifications:

• Bachelor’s degree is required.
• FAAC or similar designation required.
• A minimum of 10 years of experience in financial aid administration or compliance is preferred, with at least 2 years in a supervisory or managerial role.
• In-depth understanding of federal, state, and institutional financial aid regulations and guidelines, including Title IV compliance.
• Strong analytical skills with the ability to conduct audits, interpret complex regulations, and implement compliance strategies effectively.
• Computer proficiency is required.
• Experience with student information and imaging systems, COD, NSLDS, and familiarity with EdConnect is required.
• Must be available to work extended evening and weekend hours when needed.
• Must be responsive to work-related phone calls and emails during non-business hours on occasion.

PREFERRED SKILLS and EXPERIENCE:

• Master’s degree preferred.
• Knowledge of Banner student information system.
• Knowledge of Dynamic Forms is preferred.

FLSA Status: Exempt

Compensation Type: Annual Salary

Our company provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.

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