Financial Aid Analyst-Mid Michigan College

Job Description

Job Title: Financial Aid Analyst

Company: Mid Michigan College

Location: Mount Pleasant, MI

Pay:

AI Pay Analysis: To accurately assess the competitiveness of the hourly rate for a Financial Aid Analyst in Mount Pleasant, MI, it’s important to consider industry standards and regional economic factors. As of my last update, the average hourly wage for a Financial Aid Analyst typically ranges from $20 to $30 per hour nationally, depending on experience and education. In Michigan, this figure may be slightly lower due to varying cost of living and demand in the region. Comparatively, if the offered hourly rate falls within or above this range, it may be deemed competitive, while rates below this range could suggest lower competitiveness. Local job market trends, specific employer compensation packages, and additional benefits should also be taken into account for a more comprehensive evaluation.

Job description:
Mid Michigan College is seeking dedicated individuals who embody values of collegiality and mutual respect, leverage data-driven decision making, exhibit innovative thinking, prioritize customer service, and are goal-oriented. We welcome candidates who are committed to ongoing personal and professional development, collaboration, and adding value in every interaction.

This position is responsible for managing financial aid processes, which include awarding financial assistance to students in compliance with federal, state, and institutional guidelines, while also providing support to Financial Aid Administrators. The role will involve offering backup support at the front desk for both the Harrison and Mt. Pleasant locations, ensuring high-quality customer service through guidance and advisement to students seeking financial aid resources.

Key Responsibilities:

1. Process and award financial aid for applicants, including but not limited to:
– Downloading FAFSA data
– Managing state aid processes
– Overseeing institutional, foundation, and private aid processes
– Conducting file reviews
– Evaluating satisfactory academic progress
– Exercising professional judgment
– Packaging aid
– Facilitating student communications

2. Execute initial processing, awarding, and pre-transmittal of financial aid, encompassing:
– Student loan processing steps
– COD import and export processes
– Resolving awarding errors and rejects
– Updating cost of attendance budgets
– Reconciling federal, state, and institutional programs
– Monitoring and addressing issues related to overpayments, defaults, unusual enrollments, and Pell limits
– Staying updated on software developments and issues

3. Perform data entry on various Federal and State agency websites, including but not limited to VA Once, FAA Access to CPS online, Common Origination and Disbursement, and the National Student Loan Database System.

4. Carry out Title IV Return of Funds calculations, including post-withdrawal disbursements, and prepare and send notifications to students.

5. Assist in filing federal and state reporting obligations.

6. Gather data for internal and external stakeholders by running queries/reports and developing spreadsheets.

7. Manage pre-transmittal of financial aid funds and reconciliation with appropriate internal and external departments and agencies.

8. Contribute to the maintenance of the Financial Aid Policy and Procedure Manual and related web pages.

9. Initiate and manage automated processes in the Colleague system, with annual updates as needed.

10. Oversee processing of institutional, foundation, and private scholarships.

11. Coordinate financial aid office communication processes.

12. Attend, facilitate, and/or lead staff meetings and in-service programs for the department and across the college.

13. Support and contribute to formal presentations to various groups, both on and off campus.

14. Serve as a role model for our mission, vision, values, and customer service principles, adhering to the organization’s policies and all relevant federal, state, and accreditation regulations.

15. In compliance with the Jeanne Clery Disclosure of Campus Security Policy and Campus Crime Statistics Act (Clery Act), this position includes duties that designate it as a Campus Security Authority (CSA). CSAs must report any crime to the College’s Clery Compliance Officer and complete annual training provided by the College regarding their roles and responsibilities.

16. Perform additional duties as assigned.

Qualifications:

Knowledge, Skills, and Abilities:
– Ability to work effectively as part of a multi-disciplinary team and engage with diverse constituencies.
– Proficient written communication and computer skills necessary for preparing reports, analyses, and documentation of outcomes.
– Strong organizational skills with the ability to prioritize tasks effectively.
– Attention to detail despite frequent interruptions and the ability to manage large volumes of data.
– Capacity to exercise professional judgment.
– Exceptional interpersonal skills for effective communication and influencing others.
– Ability to demonstrate patience, diplomacy, and excellent public relations skills while projecting a professional image.
– Commitment to maintaining the highest level of confidentiality.
– Analytical skills to identify and resolve a variety of issues efficiently.
– Flexibility to manage multiple priorities and address concerns from faculty, administrators, and students.
– Willingness to adapt schedule during busy periods throughout the academic year.
– Physical capacity to sit, stand, and travel for both short and extended durations.
– Extensive knowledge of the Colleague system and/or other administrative software.

Education, Certification, and Licensure:
– Bachelor’s degree in a relevant field is required.

Experience:
– One to two years of progressively responsible experience in student financial aid is preferred.
– Experience in a community college or university setting is preferred.

Working Environment:
– Job responsibilities are primarily conducted in an office building environment.
– Occasional travel may be required for meetings, conferences, trainings, or financial aid presentations at other college locations.
– Duties will involve both independent tasks and collaboration in a team atmosphere.
– Minimal physical exertion is involved, with some requirement for walking, standing, stooping, bending, climbing, and occasionally lifting materials or equipment (5-25 pounds).
– The job may entail exposure to minimal discomfort due to factors such as heat, dust, and noise.
– The typical work schedule is 1st Shift, 8:00 AM – 4:30 PM, with flexibility for extended hours as authorized by the Director of Financial Aid.

Please note: This job description is intended to provide a general overview of the duties and responsibilities associated with this position and is not exhaustive. Additional duties may be assigned by the supervisor as needed.

Mid Michigan College is an equal opportunity employer and complies with all applicable federal and state laws prohibiting discrimination in employment and the provision of services.

Job Posting Date: Wed, 20 Nov 2024 05:07:23 GMT

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