Director of Financial Aid

Job Title: Director of Financial Aid NATURE AND SCOPE OF WORK The Financial Aid Director is responsible for the functions of the financial aid department, such as hiring staff, processing students’ financial aid, calculating refunds and repayments for students, preparing financial aid budget reports, and more. The Financial Aid Director is responsible for developing, implementing, and maintaining comprehensive financial aid services for students on the federal, state, institutional, and private levels. The Financial Aid Director also provides guidance throughout the student’s enrollment in the university. The position reports to the Vice President of Institutional Effectiveness and Compliance. FINANCIAL AID DIRECTOR DUTIES AND RESPONSIBILITIES Ensures that the University has exception-free audits and program reviews by remaining current on all federal and state laws and regulations that pertain to the programs administered by the office, implementing and/or modifying office procedures to comply with those laws and regulations, making certain that all required reports are prepared accurately and in a timely manner. Contributes to student satisfaction through delivery of quality customer service in all aspects of the administration of financial aid. Ensures that students are informed about their eligibility for financial aid by directing a system for collecting and evaluating applications, and for the timely and effective awarding of all types of financial aid. Administers satisfactory academic appeal (SAP) evaluation and oversees appeal process for students seeking reinstatement of financial aid eligibility. Conducts verification of student and parent application data in compliance with federal criteria. Award federal and state financial aid in compliance with established federal, state and local regulations and procedures. Prepare award packages for eligible applicants. Certify loan applications for eligible students. Checking the loan agreements to ensure they are accurate and complete as per the policies. Maintaining and reviewing the account record, updating and re-categorizing them as per the status changes. Analyzing the credit, financial status, and property evaluations for determining the feasibility of granting loans. Helping in the selection of the financial award candidates by using electronic databases for certifying loan eligibility. Approving loans within the specified limits. Submitting loan applications before credit analysts for due verification and recommendation. Calculating the amount of funds and debt available for planning the methods of payoff and for estimating the debt liquidation. Maintaining the current knowledge of all credit regulations. Establishing goals and work standards and evaluating the program results. Developing effective and creative techniques for informing the prospective students regarding availability of financial aid. Planning, assigning, and supervising the work of the assigned staff. Preparing comprehensive, clear, and accurate presentations and reports. Developing and maintaining the budget for the assigned office. Communicating effectively with individuals from a cross-section of backgrounds. Establishing and maintaining effective relationships with staff, students and faculty, administrators, and representatives from other jurisdictions. Work with discretion and confidentiality. Providing training in various financial aid procedures. Other duties as assigned. MINIMUM QUALIFICATIONS A Bachelor’s degree or experience performing the duties of this job may substitute for the degree requirement. Demonstrated experience in student financial aid directly related to financial aid counseling, eligibility determination, need analysis, verification, and packaging required. Experience with computers and online data systems is required. KNOWLEDGE, SKILLS, AND ABILITIES Considerable knowledge of federal financial aid programs and supporting regulations. Considerable knowledge of Title IV program fund regulations. Knowledge of U.S. Department of Education rules and regulations. Knowledge of current tax regulations and the implications of such regulations on financial aid. Knowledge of Microsoft Office Suites. Knowledge of effective supervisory methods and techniques. Skill in researching regulatory information and resolving complex financial questions. Ability to prioritize and manage a significant caseload. Ability to interpret and explain complex regulations and policies to a diverse audience, both in one-on-one sessions and in group presentations. Ability to work independently. Ability to effectively communicate in oral and written form. Job Type:

Full-time Salary:

$60,000.00 – $70,000.00 per year Submit applications to humanresources@uftl.edu

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