Financial Aid Processor

Barry University•Miami Shores, FL

5d•Onsite

About The Position

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.

Requirements

A high school diploma is required.
1-3 years of relevant experience.
Intermediate experience with CRM is required.
Must be able to work independently and apply financial aid concepts to a variety of situations.
Must have strong written/oral communication skills to communicate clearly and professionally with internal and external stakeholders.

Nice To Haves

An Associate's degree is preferred.

Responsibilities

Performs all functions related to student loan origination and disbursement management, including identifying loans for origination, exporting loan data to COD, importing and resolving loan responses, monitoring required loan documents, processing loan cancellations and reductions, performing daily loan disbursement, and overseeing the process for Parent PLUS loans.
Completes ISIR file verification in accordance with federal Title IV guidelines, comparing tax data to ISIR data, making corrections, electronically exporting information, ensuring daily import/export files, generating verification status reports, maintaining compliance, and ensuring knowledge of federal tax filing requirements.
Performs routine daily processing and office tasks, including requesting additional information, ensuring correct missing document requests, overseeing mail collection and distribution, maintaining student file creation and management, and overseeing office supply orders and inventory.
Credits PELL Grant and SEOG in accordance with federal/state regulations, ensures reconciliation with Colleague and COD, assists with reconciliation and reporting to COD, adjusts amounts before crediting, and exports corrections to COD when student changes affect aid eligibility.
Reviews and resolves ISIR critical comment codes, performs data analysis to identify discrepancies, determines resolution actions, identifies appropriate federal documents for clearance, runs secondary verification, and ensures clearing of SAR C-Flags.
Performs all functions related to reporting, ensuring processes are in accordance with federal regulations, reviewing and reporting weekly to NSLDs for Transfer Monitoring, ensuring monthly reporting to FAA access, and maintaining detailed records of import/export files.
Performs awarding processes, including reviewing and identifying students ready to be awarded, awarding new and returning students with valid ISIRs and no C-codes, ensuring C-flags and rejects are resolved, and verifying completion of Master Promissory Note and Loan Entrance Counseling.
Performs other miscellaneous duties as assigned, including maintaining current knowledge of financial aid regulations, complying with policies and procedures, responding to communication daily, and serving as a liaison to provide support and answer inquiries.
Performs processing tasks on various platforms, including daily use of Colleague, Student Financial Success Form, Entrinsik Informer Report, and federal websites like COD, FPS Access, and NSLDS.