Financial Aid Processor at Barry University in Miami, FL

Job description

Summary The Financial Aid Processor position handles all financial aid processing tasks, including but not limited to: ISIR import/export, loan origination, import/export and processing, file verification, reporting, document review and tracking, awarding, crediting Title IV funds, and other non-counseling financial aid tasks. Essential Functions Performs all functions related to student loan origination and disbursement management: • Identifies loans that are ready for origination, marks files, and exports loan data electronically to the Common Origination & Disbursement (COD) platform using Colleague • Imports loan responses from COD and corrects and resolves all rejected response records • Monitors the electronic import of required loan documents from COD, such as the Master Promissory Note and Loan Entrance Counseling • Processes loan cancellations and reductions, and works with CBO to ensure reversal of funds and that corrected information is exported to COD • Performs daily loan disbursement process, including creating disbursement saved list for CBO and then exporting disbursement information to COD • Works jointly with Quality Control Supervisor on resolving system issues, updating records, and creating loan reports. • Oversees process for Parent PLUS loans, including data entry and export, monitoring credit decisions, and sending communications to parents/students. Completes ISIR file verification in accordance with federal Title IV guidelines: •Compares parent/student federal tax data to ISIR income/asset data for accuracy, making corrections when necessary, and electronically exports information to the Department of Education • Ensures daily import/export files in Colleague and Student Financial Success Form •Generates verification status reports for review. • Maintains 100% verification file review compliance and has working knowledge of federal tax filing requirements, specifically IRS Publication 17 • Ensures compliance with laws and regulations regarding federal and state regulations and school policies and procedures. Performs routine daily processing and office tasks: • Requests additional information on the Student Financial Success Form to resolve conflicting information • Ensures that correct missing document requests are added to the student record • Oversees office mail collection (both internal and external), delivery to the mail room, and distribution • Maintains responsibility for student file creation and ongoing management • Oversees office supply orders and inventory. Crediting PELL Grant and SEOG • Credits PELL and SEOG in accordance with federal/state regulations • Ensures PELL/SEOG disbursements are reconciled with Colleague and COD • Assists with reconciliation and reporting to COD. • Adjusts PELL/SEOG amounts before crediting. • Exports corrections to COD when student changes registered credits and affects aid eligibility. Review and resolve ISIR critical comment codes • Perform data analysis to identify discrepancies in data and determine action for resolution • Ensure to identify different federal documents (e.g., domestic/foreign passports, forms I-551, I-94, status information letters) and know which documents are appropriate for clearance • Runs secondary verification process when eligible non-citizen status is undetermined. Checks the SAVE System DHS • Ensures clearing SAR C-Flags for verification, direct loan rejects, resolution of conflicting information, certifying PLUS/GRAD Direct Loan applications, award revisions, and rejected disbursements. Performs all functions related to reporting • Ensure reporting processes in accordance with federal regulations • Review and report results on a weekly basis to NSLDs for Transfer Monitoring • Ensure monthly reporting to FAA access to report V4/V5 results • Maintain detailed records of import/export files. Perform awarding processes • Review and identify students that are ready to be awarded • Award new students with a valid admissions status an