Loan Coordinator
About The Position
Under the supervision of the Associate Bursar for Cashiering, the Loan Coordinator is responsible for ensuring the timely and accurate receipt of student loan disbursements, both manual and electronic. This role includes posting loan proceeds to the appropriate student accounts and returning funds to lenders when students are deemed ineligible, over-awarded, or upon student request. The Loan Coordinator also adheres to established guidelines for loan disbursements and reconciles the return of non-negotiated or ineligible funds. Additionally, this position is responsible for reconciling, researching, and resolving the loan general ledger accounts. Duties include researching and resolving all loan reconciling items and preparing the necessary checks requests with Accounts Payable to clear those reconciling items. The role also performs other duties in accordance with departmental and University Guidelines. The Loan Coordinator serves as the point-of-contact with Student Financial Services for all student loan-related functions. Performs other duties as assigned.
Requirements
- Bachelor’s degree from an accredited college or university in accounting or related field
- At least two (2) years of experience in Loan Processing
- Experience reconciling, researching, and resolving the loan general ledger accounts
- Experience with Banner or similar ERP
- Strong verbal and written communication skills, along with the ability to effectively interact with diverse individuals
- Attention to detail and accuracy
- Ability to work independently and as part of a team
- Strong organizational and time management skills
- Proficiency in Microsoft Office (Excel, Word, Outlook)
- Customer Service and conflict resolution skills
- Ability to maintain professionalism under pressure
- Ability to work nights and/or weekends, if necessary
- An equivalent combination of education and experience may be considered.
Responsibilities
- Ensuring the timely and accurate receipt of student loan disbursements, both manual and electronic.
- Posting loan proceeds to the appropriate student accounts
- Returning funds to lenders when students are deemed ineligible, over-awarded, or upon student request.
- Adhering to established guidelines for loan disbursements
- Reconciling the return of non-negotiated or ineligible funds.
- Reconciling, researching, and resolving the loan general ledger accounts.
- Researching and resolving all loan reconciling items
- Preparing the necessary checks requests with Accounts Payable to clear those reconciling items.
- Serving as the point-of-contact with Student Financial Services for all student loan-related functions.
- Performing other duties in accordance with departmental and University Guidelines.
- Performing other duties as assigned.
Benefits
- A hybrid work schedule
- Full medical, dental, vision coverage
- Paid time off
- 9 Federally Observed Paid Holidays
- 3 Personal Days
- Tuition remission - eligible employees and their dependents can obtain a degree TUITION-FREE
- A generous retirement plan
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
1-10 employees
