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Head of Financial Services
2 months ago
The Compass Rose Foundation is a distinguished non-profit organization dedicated to overseeing trade and technical educational institutions. We are currently seeking a Senior Director of Student Financial Operations to lead our financial services department.
This pivotal role requires a candidate with a robust background in collections, financial planning, and the administration of financial aid. The ideal individual will have experience in cultivating and managing a high-performing team.
Key Responsibilities:
- Oversee a dedicated team of financial service professionals, ensuring collaboration and excellence in performance.
- Continuously seek out and recruit talented individuals to maintain a strong workforce.
- Develop and maintain a comprehensive Collections Report to monitor student accounts each term.
- Regularly update the Student Finance Manual to reflect current practices and policies.
- Enhance the skills and capabilities of the Student Finance team through ongoing training and constructive feedback.
- Provide precise cash flow and collections forecasts to senior management and the accounting department.
- Evaluate and manage relationships with financial aid service providers and other vendors.
- Generate a timely Revenue Recognition report at the beginning of each month.
- Ensure the accurate and prompt processing of Federal Financial Aid, aiming for a 95% collection rate within 30 days of the semester start.
- Facilitate a welcoming environment to maximize student engagement and conversion rates.
- Coordinate internal audits and serve as the primary contact for external audit teams.
Qualifications:
- Associate degree or higher.
- Proven experience with state and federal financial aid processes.
- Meticulous attention to detail.
- Exceptional organizational abilities.
- Self-motivated with the ability to work independently and collaboratively.
- Strong time management skills to meet deadlines effectively.
- Proficient in Microsoft Office, particularly Excel and Word.