Financial Aid Processor - Return of Title IV Funds

Job Profile:

Student Finance Assistant 3

Job Family:

Student Finance

Time Type:

Full time

Apply before 11:59 PM Arizona time the day before the posted End Date.

Minimum Qualifications:

High School Diploma and three years (3) experience appropriate to the area of assignment/field; OR, Any equivalent combination of experience and/or training from which comparable knowledge, skills and abilities have been achieved.

Job Profile Summary:

Assists in the maintenance of student financial operations through routine to intermediate daily operations support.

Job Description:

Position Salary: $50,000 per year

Reporting to the Associate Director of Compliance/R2T4 in the office of Financial Aid and Scholarship Services, this position is responsible for processing adjustments to student financial aid for students who have withdrawn.  This process is called calculating the Return of Title IV Aid, which is defined by federal regulations and is time-sensitive with federal deadlines.  Requiring advanced attention to detail, accountant conducts calculation in accordance with federal financial aid regulations.

Essential Duties:

• Claim and process files in order of oldest file first in order to meet federal deadline.
• Research a student’s enrollment history in PeopleSoft to determine data needed to calculate the Return of Title IV aid.
• Calculate the amount of aid earned and unearned based on a student’s enrollment.
• Adjust the student’s financial aid based on the results of the calculation and return unearned funds to the Department of Education.
• Document transactions in the financial aid system.
• Notify students of changes to their financial aid, as a result of their withdrawal.

Desired Qualifications:

• Experience and knowledge of federal financial aid.
• Experience with federal financial aid processing.
• Experience processing Return of Title IV funds.
• Experience performing detailed numerical computations.
• Experience using automated financial aid systems (i.e., PeopleSoft).
• Experience with Microsoft Office applications (Word, PowerPoint, Excel, Outlook, Access).

Working Environment:

Activities are performed in an environmentally controlled office setting subject to extended periods of sitting, keyboarding, and manipulating a computer mouse, required to stand for varying lengths of time and walk moderate distances to perform work.  Occasional bending, reaching, lifting, pushing and pulling up to 25 pounds.  Regular activities require ability to quickly change priorities, which may include and/or are subject to resolution of conflict...

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