Job Description

We are searching for an experienced Director, Financial Aid Compliance at our Goldsmith Campus - Westchester campus.

Primary Duties and Responsibilities:

 

The role of the Director, Financial Aid Compliance is to ensure the institution's adherence to federal, state, and institutional financial aid regulations and policies. This position involves overseeing the accurate administration of financial aid programs, implementing compliance strategies, conducting audits, and providing guidance and training to staff to safeguard the institution's financial aid integrity and support students' access to educational funding. This role will work closely with the Financial Aid Counselor(s) and Financial Aid Technician.

 

 

CORE DUTIES and RESPONSIBILITIES:

• Ensure Regulatory Compliance: Monitor and enforce adherence to federal, state, and institutional financial aid regulations and policies.
• Oversee Financial Aid Programs: Manage the administration of financial aid programs, including grants, loans, and scholarships, to ensure they meet compliance standards.
• Conduct Audits and Reviews: Perform regular audits and reviews of financial aid practices and processes to identify and address potential compliance issues.
• Develop and Implement Policies: Create and update internal policies and procedures related to financial aid compliance and ensure they are effectively communicated to staff
• Provide Training and Support: Train financial aid staff on compliance requirements, best practices, and changes in regulations.
• Prepare and Submit Reports: Compile and submit required reports to federal, state, and institutional authorities, including annual compliance reports and financial aid statistics. Analyze the financial aid scholarship matrix and scholarship appeal spending; prepare reports on a weekly, monthly or semester basis to track spending.
• Respond to Compliance Inquiries: Address inquiries and concerns from regulatory agencies, auditors, and internal stakeholders related to financial aid compliance.
• Monitor Regulatory Changes: Stay informed about changes in financial aid regulations and adjust policies and procedures as necessary to maintain compliance.
• Collaborate with Other Departments: Work closely with other departments, such as admissions and academic advising, to ensure coordinated compliance efforts and support student success
• Manage Compliance-Related Documentation: Maintain accurate and up-to-date records of compliance-related documentation and correspondence.

 

Required Qualifications:

• Bachelor’s degree is required
• FAAC© or similar designation required
• A minimum of 10 years of experience in financial aid administration or compliance is preferred, with at least 2 years in a supervisory or managerial role.
• In-depth understanding of federal, state, and institutional financial aid regulations and guidelines, including Title IV compliance.
• Strong analytical skills with the ability to conduct audits, interpret complex regulations, and implement compliance strategies effectively.
• Computer proficiency is required
• Experience with student information and imaging systems, COD, NSLDS, and familiarity with EdConnect is required
• Must be available to work extended evening and weekend hours when needed
• Must be responsive to work-related phone calls and emails during non-business hours on occasion

 

PREFERRED SKILLS and EXPERIENCE:

• Master’s degree preferred
• Knowledge of Banner student information system
• Knowledge of Dynamic Forms is preferred

 

FLSA Status: Exempt

 

Compensation Type: Annual Salary

Salary Range: 91,731.00 - 112,794.00

Our company provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.

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