University of Miami · 19 hours ago
Financial Aid Analyst - Primarily Remote
United States
Full-time
Remote
Mid Level
$23.97/hr - $27.50/hr
3+ years exp
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Responsibilities
Conduct meticulous daily reviews of financial aid disbursements to ensure accuracy, completeness, and compliance with institutional policies and federal regulations.
Verify disbursement amounts against student accounts and financial aid awards to prevent discrepancies and errors.
Analyze daily reports identifying rejected Federal Direct Loan applications and transactions.
Investigate and resolve issues promptly to facilitate timely processing and disbursement of loans to eligible students.
Evaluate and address discrepancies and errors identified in daily Federal Direct Loan origination reject reports.
Collaborate with appropriate departments to correct data and ensure accurate loan origination and processing.
Perform weekly reconciliation of Federal Direct Loans to reconcile disbursements with financial records and ensure compliance with Department of Education requirements.
Identify and resolve any discrepancies or variances in a timely manner.
Monitor and assess instances of overawarding of financial aid funds to students.
Take corrective actions to adjust awards and maintain compliance with federal financial aid regulations.
Track and manage student borrowing against National Student Loan Data System (NSLDS) aggregate limits to prevent students from exceeding borrowing thresholds.
Provide guidance and support to students to ensure responsible borrowing practices.
Prepare and submit accurate and timely reports to the Common Origination and Disbursement (COD) system.
Ensure compliance with COD reporting requirements and maintain records of submissions and approvals.
Offer comprehensive support throughout the loan processing cycle, including troubleshooting and resolving issues related to loan applications, disbursements, and repayment.
Oversee and manage quality control processes within the PowerFAIDS system to uphold data integrity and operational efficiency.
Implement improvements and best practices to enhance loan processing workflows and compliance measures.
Strictly adhere to University and unit-level policies and procedures governing financial aid operations.
Safeguard University assets, including sensitive student financial information and institutional resources.
Prepare accurate and timely reports detailing financial aid activities, disbursements, and student outcomes for regulatory agencies and internal stakeholders.
Analyze data trends and outcomes to inform decision-making and improve financial aid program effectiveness.
Develop and conduct training sessions for staff and stakeholders on financial aid policies, procedures, and regulatory updates.
Foster a culture of compliance and continuous improvement through ongoing training and professional development initiatives.
Serve as a primary point of contact for inquiries related to financial aid eligibility, disbursement, and reconciliation.
Resolve complex issues and disputes promptly and professionally, ensuring a positive experience for students, families, and other constituents.
Qualification
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Required
Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field required.
Minimum of 3 years of progressive experience in financial analysis, accounting, or related roles, preferably in a higher education or financial services setting.
Proficient understanding of basic accounting principles and procedures.
Familiarity with Federal Financial Aid reporting standards and regulatory requirements.
Demonstrated ability to prepare accurate financial and accounting records with attention to detail and adherence to deadlines.
Strong analytical skills with the ability to analyze, consolidate, and interpret financial data to inform decision-making.
Proficiency in using financial software and tools to compile, organize, and interpret data effectively.
Commitment to maintaining high standards of integrity, accuracy, and confidentiality in financial reporting and data management.
Excellent communication skills, both written and verbal, with the ability to convey complex financial information concisely and effectively.
Proactive attitude towards problem-solving and continuous improvement in financial processes and reporting practices.
Benefits
Travel/accommodations for in-person are covered by the employee.
Travel to conferences/events are covered by the university.
Company
University of Miami
At UM you'll join a diverse and energized academic community.
5001-10000 employees
H1B Sponsorship
University of Miami has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2023 (108)
2022 (150)
2021 (104)
2020 (108)
Funding
Current Stage
Late StageLeadership Team
Albertie Regalado
'Canes Science Bowl — Co-Founder and Co-President
Mark McPheron, FALU, CLU, FLMI
Co-Founder and Past President, and current member, University of Miami Cincinnati 'Canes Community
Recent News
Seattle TechFlash
2023-11-22
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