Title IV Compliance Auditor

MBE CPAsGoodyear, AZ
3dRemote

About The Position

Title IV Compliance Auditors are responsible for ensuring both students and institutions comply with federal financial aid regulations. This includes: Determining students' eligibility to receive Title IV funds, including Federal Pell Grants, FSEOG, FWS, and Direct Loans (Subsidized, Unsubsidized, PLUS). Determining institutions' eligibility to receive and administer Title IV funds, including program eligibility, accreditation, and state authorization. Reviewing and reconciling financial aid processes to ensure compliance with federal guidelines. Monitoring disbursements, cash management, reconciliation, and timely returns of Title IV funds. Identifying compliance issues and providing recommendations for corrective action.

Requirements

  • Two-year Accounting associate degree, Bachelor's degree preferred.
  • At least 4 years of experience working in a college financial aid office administering Title IV funds.
  • Strong knowledge of current federal financial aid regulations, including: Eligibility determination, packaging (budget/COA), and disbursements. Verification and resolution of conflicting information. Satisfactory Academic Progress (SAP) monitoring and term progression. Cash management (G5/G6), reconciliation (Direct Loan Statement of Accounts). Return of Title IV Funds, including timeliness of refunds. NSLDS (campus and program-level statuses). COD (accuracy and timeliness of disbursements).
  • Additional knowledge in accounting and tax preparation.
  • Excellent attention to detail and ability to interpret complex regulations.

Nice To Haves

  • Bachelor's degree

Responsibilities

  • Determining students' eligibility to receive Title IV funds, including Federal Pell Grants, FSEOG, FWS, and Direct Loans (Subsidized, Unsubsidized, PLUS).
  • Determining institutions' eligibility to receive and administer Title IV funds, including program eligibility, accreditation, and state authorization.
  • Reviewing and reconciling financial aid processes to ensure compliance with federal guidelines.
  • Monitoring disbursements, cash management, reconciliation, and timely returns of Title IV funds.
  • Identifying compliance issues and providing recommendations for corrective action.

Benefits

  • Some major perks this firm can offer are long-term job stability, work-life balance to support raising a family, and significant opportunities to grow your career within the firm.
  • Relocation packages include the ability to work remotely during the transition to the area.
  • Competitive medical, dental, and vision insurance plans.
  • FSA/HSA account options.
  • Paid Time Off (PTO).
  • 401 (k) employer matching program to save for retirement.
  • Tuition reimbursement, CPA assistance, and professional growth opportunities through continuing education.
  • Supplemental insurance options for life, AD&D, STD, LTD, and critical illness.
  • Bonuses for helping with business development leads.
  • Incredible potential for upward mobility and career growth.
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service