Financial Aid Director - Higher Ed. manages and administers all aspects of student financial aid program. Oversees the critical flow of all grant, loan, and scholarship dollars to proper entities as required. Being a Financial Aid Director - Higher Ed. instructs students and parents on the application for loans or scholarships. Has knowledge of available private, state, and federal financial aid programs. Additionally, Financial Aid Director - Higher Ed. requires a bachelor's degree. Typically reports to a senior institutional officer. The Financial Aid Director - Higher Ed. typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Financial Aid Director - Higher Ed. typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)
Job Description:
1) Provide quality customer service to prospective and continuing students regarding financial aid eligibility
2) Inform students and parents of available financial aid programs, including preparing informational brochures, holding financial aid awareness programs, and offering financial aid counseling
3) Manage the application, award, and disbursement process of federal, state, and institutional aid. Plan and coordinate the effective allocation of financial aid resources
4) Maintain all financial aid records and ensure compliance with all applicable recordkeeping and reporting requirements
5) Establish the procedures necessary for all new programs and maintain the policies and procedures for all current programs to ensure compliance with all regulations
6) Audit financial aid files for accuracy and completeness
7) Cooperate and assist audit personnel with the annual financial audit
8) Prepare FISAP Report submitted to the Department of Education annually
9) Prepare all reports needed on financial aid for other outside organizations/agencies and present information when needed
10) Actively participate in professional organizations and seek further professional development
11) Study legislation and instructional materials for all federal and state programs
12) Evaluate unusual/mitigating circumstance documentation or information provided by the student
13) Exercise judgment by making adjustments or revisions to costs, contribution, or dependency status as exceptions to the prescribed process
14) All other duties as assigned by the Associate Dean of Enrollment Services
Required Qualifications:
· Master’s degree from an accredited institution of higher education
· 4 years of financial aid experience
· Understand and adhere to the values, vision, and mission of Meridian Community College
· Strong communication skills
Preferred Qualifications:
· Previous experience with Banner (Ellucian)
· Experience directly supervising others
· 5 years of financial aid experience