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Financial Aid Compliance Officer

2 months ago

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

The College of DuPage is seeking a highly skilled Financial Aid Compliance Officer to join our team. As a key member of the Student Financial Assistance department, this role will be responsible for ensuring compliance with federal, state, and institutional policies and procedures related to financial aid.

Key Responsibilities
  • Regulatory Compliance: Coordinate and complete financial aid data analysis activities, assessments, and reporting requirements to ensure quality assurance and compliance with financial aid regulations governed by the U.S. Department of Education.
  • Policy Development: Collaborate with the leadership team to ensure all federal, state, and institutional policies and procedures are accurate and current.
  • Financial Aid Fraud Prevention: Serve as a lead researcher for suspected cases of financial aid fraud and ensure institutional policies and procedures regarding financial aid fraud are in compliance with federal and state guidelines and regulations.
  • Policy Maintenance: 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.
  • Collaboration and Communication: Partner with the Assistant Director of Student Financial Assistance and the Associate Director of Student Financial Assistance and Scholarships to draft and implement federal, state, and institutional compliance policies within the Student Financial Aid Office.
  • Investigation and Reporting: Lead investigator for students suspected of financial aid fraud; independently work to resolve problems that require in-depth investigation and/or research. Report cases of financial aid fraud and serve as a primary point of contact to the Office of Inspector General.
  • Audit and Assessment: 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. Regularly perform federal student aid assessments.
  • Training and Presentations: Train SFA team members on policies and procedures and present on new policies and regulatory changes on a regular basis at the department or divisional level.
Qualifications
  • Education: Bachelor's degree in accounting, finance, business administration, Higher Education Administration, or a related field required.
  • Experience: 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.
  • Skills and Abilities: 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.
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).