Financial Aid Compliance Officer

5 days ago

Glen Ellyn, Illinois, United States InsideHigherEd Full time
Job Summary

We are seeking a highly skilled and experienced Financial Aid Compliance Officer to join our team at InsideHigherEd. The successful candidate will be responsible for 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 in the Office of Student Financial Assistance 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.
  • 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 polices within the Student Financial Aid Office.
  • Analyze college guidelines and practices provided by individual departments to mitigate the risk of financial aid fraud.
  • Manage the Financial Aid fraud prevention activities and convene the fraud task force.
  • Lead investigator for students suspected of financial aid fraud.
  • 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.
  • 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 new policies and regulatory changes.
Requirements
  • Bachelor's degree in accounting, finance, business administration, Higher Education Administration or a related field.
  • Minimum of five (5) years of progressively responsible experience in a Financial Aid Department.
  • Demonstrated experience effectively making decisions that have major implications on the management and operations within a department.
  • Demonstrated experience in a role requiring diverse problem-solving methods in a variety of situations.
  • Comprehensive knowledge of U.S. Department of Education financial aid theories, concepts and practices.
  • Excellent organizational and prioritization skills with demonstrated attention to detail, time-management skills.
  • Ability to be creative and exercise initiative.
  • 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.
  • Intermediate-level proficiency with Microsoft: Outlook, Word, Excel, and PowerPoint.
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.

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