Summary

Barry University, Financial Aid department is currently seeking a full time Financial Aid Processor.

The position is responsible for all financial aid processing tasks including but not limited to: ISIR acquisition, loan origination, file verification, document tracking and organization, and any and all other non-counseling financial aid tasks.

This is a Hybrid Position (In-Person/Remote)

Essential Functions

1. 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 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.

2. 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 Dept of Education
• Ensure daily import/export files in Colleague and CampusLogic
• 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
• Ensure compliance with laws and regulation regarding federal, state regulations and school policies and procedures.

3. Performs routine daily processing and office tasks:

• Request additional information on CampusLogic 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 mail room, and distribution
• Maintains responsibility for student file creation and ongoing management
• Oversees office supply orders and inventory.

4. Crediting PELL Grant and SEOG

• Credits PELL and SEOG in accordance with federal/state regulations
• Ensure PELL/SEOG disbursements are reconciled with Colleague and COD
• Assists with reconciliation and reporting to COD.
• Adjusting PELL/SEOG amounts before crediting.
• Exporting corrections to COD when student changes registered credits and affect aid eligibility

5. Review and resolves ISIR critical comments code

• Perform data analysis to identify discrepancies in data and determines action for resolution
• Ensure to identify various different federal documents (e.g. domestic/foreign passports, forms I-551, I-94, status information letters) and knows which documents are appropriate for clearance
• Runs secondary verification process when eligible non-citizen status is undetermined. Checks the SAVE System DHS
• Ensure clearing SAR C-Flags for verification, direct loan rejects, resolution of conflicting information, certifying PLUS/GRAD Direct Loan applications, award revisions and rejected disbursements

6. Performs all functions related to reporting

• Ensure reporting processes in accordance with federal regulations
• Review and reports results on a weekly basis to NSLDs for Transfer Monitoring
• Ensure monthly reporting to FAA access to report V4/V5 results
• Maintains detailed records import/export files.

7. Perform awarding processes

• Review and identify students that are ready to be awarded
• Award new students with a valid admissions status and ISIR with no C-codes
• Award returning students with valid ISIR, no C-codes
• Ensure all C-flags and rejects have been resolved before awarding student
• Verify completion of Master Promissory Note and Loan Entrance Counseling

8. Perform other miscellaneous duties as assigned

• Maintain a current knowledge of financial aid federal, state, and school regulations
• Read, understand, and comply with federal, state, and school policies and procedures
• Respond to communication (email/voicemail) on a daily basis
• Liaison to and provide support to the Financial Aid Counselors, internal departments, and external organizations, answer questions, inquiries, or requests regarding processing and disbursing loans and crediting PELL/SEOG

9. Perform processing tatasksn various platforms

• Daily use Colleague to perform all processing duties
• Daily use CampusLogic to maintain and process student documents
• Run daily/weekly reports using Entrinsik Informer Report
• Utilize federal websites, such as COD, FAA Access, NSLDS, etc. to keep current on federal/state regulations and processing

Qualifications/Requirements

• High school diploma or GED required. An Associate's degree is preferred.
• 1-3 years of relevant experience.
• Must be comfortable working with institutional CRM’s and the required federal and state financial aid systems
• Must have effective written/oral communication skills and communicate clearly and professionally with internal and external customers
• Must be able to work independently and apply financial aid concepts to a variety of situations
• Must be able to complete assigned tasks accurately and in a timely manner.
• Must have strong written/oral communication skills to communicate clearly and professionally with internal and external customers.

Benefits: Barry University offers a comprehensive benefits package to full-time employees that includes health, dental, vision, life insurance, retirement, tuition assistance, paid time off and work/life balance initiatives such as wellness programs, spirituality in the workplace, and training and development.

Barry University is an Equal Opportunity Employer, committed to a diverse and inclusive work environment.