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Financial Aid Compliance Officer

2 months ago

Glen Ellyn, Illinois, United States College of DuPage Full time
Job Summary

We are seeking a highly skilled Financial Aid Compliance Officer to join our team at the College of DuPage. As a key member of our Student Financial Assistance department, you will play a critical role in ensuring compliance with federal, state, and institutional regulations governing financial aid.

Key Responsibilities
  • Coordinate and complete financial aid data analysis activities, assessments, and reporting requirements for quality assurance and compliance.
  • Collaborate with the leadership team to ensure all federal, state, and institutional policies and procedures are accurate and current.
  • Serve as a lead researcher for suspected cases of financial aid fraud and ensure institutional policies & procedures regarding financial aid fraud are in compliance with federal and state guidelines & regulations.
  • Review regulations associated with federal and state aid to determine potential and/or required changes to current administrative processes.
  • Maintain the policy and procedures manual for the department and ensure implementations or changes are appropriately monitored each academic year.
  • Partner with the Assistant Director of Student Financial Assistance & the Associate Director of Student Financial Assistance & Scholarships with drafting and implementing the federal, state, and institutional compliance policies within the Student Financial Aid Office.
  • Analyze college guidelines and practices provided by individual departments to mitigate the risk of financial aid fraud; Assure new or proposed changes to such guidelines or practices do not have a negative impact on the college's ability to administer and process federal and state aid programs.
  • Manage the Financial Aid fraud prevention activities and convene the fraud task force; Assumes ownership and responsibility for communications, data tracking and SharePoint site management for the Task Force.
  • Lead investigator for students suspected of financial aid fraud; Independently work to resolve problems that require in-depth investigation and/or research.
  • Responsible for reporting cases of financial aid fraud and serve as a primary point of contact to the Office of Inspector General.
  • Audit student eligibility for federal and state aid programs including information provided on federal and state aid applications, academic progress and standing, and adherence to institutional standards and policies and regularly perform federal student aid assessments.
  • Serve as a member of the Student Financial Assistance Leadership Team and Student Affairs Council meetings.
  • Train SFA team on policies and procedures and present on a regular basis at the department or divisional level on new policies and regulatory changes.
Requirements
  • Bachelor's degree in accounting, finance, business administration, Higher Education Administration or a related field required.
  • Minimum of five (5) years of progressively responsible experience in a Financial Aid Department required.
  • Demonstrated experience effectively making decisions that have major implications on the management and operations within a department required.
  • Demonstrated experience in a role requiring diverse problem-solving methods in a variety of situations required.
  • Comprehensive knowledge of U.S. Department of Education financial aid theories, concepts and practices with the ability to use in complex, difficult and/or unprecedented situations as it pertains to the departmental focus required.
  • Excellent organizational and prioritization skills with demonstrated attention to detail, time-management skills required.
  • Ability to be creative and exercise initiative. Ability to adjust to changing priorities and respond appropriately to deadlines.
  • Possess excellent written, verbal and interpersonal communication skills.
  • Ability to promote collaboration, teamwork, and involve all stakeholders in decision-making processes.
  • Demonstrated basic Project Management skills required.
  • Intermediate-level proficiency with Microsoft: Outlook, Word, Excel, and PowerPoint required.
  • Ability to confidentially and discreetly handle subject matters requiring privacy and sensitivity.
  • Ability to develop and maintain relationships with key contacts to enhance workflow and quality.
Working Conditions

This position requires background check and drug screening at the College's expense. Must not be in default on federal student loans to have authorization to access Federal Student Aid databases (NSLDS, COD, FAAaccess). Hybrid Remote Eligible: Hiring Range: Managerial 6 Salary/66,000.00 Competitive starting pay is dependent on education and experience. College of DuPage also offers a generous benefits plan which includes paid time off, tuition discounts for employees and dependents, medical, dental, vision effective the first day of employment, and retirement benefits in a collaborative and friendly environment. College of DuPage is an equal opportunity employer. We are committed to diversity and creating an inclusive environment for all employees. College of DuPage does not discriminate against individuals in employment opportunities, programs and/or activities on the basis of race, color, religion, gender, sexual orientation, age, national origin, ancestry, veterans' status, marital status, disability, military status, unfavorable discharge from military service, or on any other basis protected by law. To apply, visit #J-18808-Ljbffr