What are the responsibilities and job description for the Director of Financial Aid position at Fortis College Norfolk?
Director of Financial Aid
Fortis College Norfolk is currently seeking a Visionary Director of Financial Aid to help Unlock Futures and Empower Dreams! Are you ready to lead a dynamic team in shaping the future of education, ensuring access to higher learning for all? Join our passionate institute as we embark on a journey to transform lives and build a brighter tomorrow for our students. If you have a passion for making education affordable, the ability to implement innovative strategies, combined with an unwavering commitment to student success, we want you to be our driving force in fostering a generation of empowered scholars. Come be the change-maker and help revolutionize the world of financial aid as our Direct of Financial Aid!
Position Summary:
- The Director of Financial Aid is primarily responsible for all aspects of the administration and compliant management of the federal and state student financial assistance programs and financial aid staff.
- Essential Duties and Responsibilities:
- Directly supervises the Financial Aid Officers, Packagers and Planners at his or her campus location.
- Organizes and manages the administrative processes and services needed to assist each student in making application for all forms of student financial assistance (Federal, State, Agency, Private Lenders, Veterans, Employer, etc.).
- Organizes and manages all required data entry and file maintenance in the Campus Vue, FAME, Direct Loan, Common Origination (COD) and Disbursement and NSLDS borrower data management systems.
- Organizes and manages all need analysis, loan application and financial aid packaging services.
- Organizes and manages the professional judgment and verification processes.
- Organizes and manages the maintenance and retention of all financial aid reports, records and student files.
- Organizes and manages all required data maintenance for out-of-school borrower services as required in both the Campus Vue and the NSLDS systems.
- Trains, develops and manages all subordinate officers, assistants and support staff.
- Ensures compliance with all state, accrediting and federal financial aid related regulations.
- Promptly and accurately reports any suspected instances of non-compliance, fraud or abuse to the Regional Director of Financial Aid or Vice President for Finance or Senior Vice President for Financial Aid and/or higher levels within the organization, as is needed to address and resolve any areas of non-compliance.
- Monitors all student financial aid recipients and activities to ensure accurate funding and full compliance with all applicable statutes, rules and regulations.
- Coordinates with all campus personnel and the Financial Aid Service Manager in White Marsh, Maryland to ensure accurate and timely disbursements and refunds of federal, state and agency funds are made to all students and that all instances of conflicting information are accurately and promptly resolved.
- Organizes, monitors and maintains accurate and timely electronic data entry & reconciliation as required by any funding agency.
- Organize and manages the accurate and timely performance of all Return to Title IV (R2T4) calculations, R2T4 refunds, credit balance refunds, grant recalculations and ineligible / inadvertent disbursement refunds.
- Performs other duties as assigned by the Campus Director, Regional Vice President, Vice President for Finance of Education Affiliates , and/or the President /CEO of Education Affiliates.
- Regular and reliable attendance.
Skills/Competencies/Qualifications:
- Bachelor's degree
- Ability to work in a face paced environment
- Previous financial aid experience
Classification: Exempt
Work Hours: Minimum of a five day workweek and some weekends as required
Job Type: Full-time
Pay: $68,000.00 - $72,000.00 per year
Education:
- Bachelor's (Preferred)
Experience:
- Financial Aid: 3 years (Required)
Ability to Commute:
- Norfolk, VA 23502 (Required)
Ability to Relocate:
- Norfolk, VA 23502: Relocate before starting work (Required)
Work Location: In person
Salary : $68,000 - $72,000