Director of Financial Aid

Job Description

Job Description

Position Title : Director of Financial Aid

Report To : President

Job Type : Full-Time, Exempt

Location : NewSchool San Diego Location

Salary : $90,000 - $120,000

Position Overview

The Director of Financial Aid will oversee financial aid department. The Director is responsible for the overall administration of all financial aid programs, ensuring compliance with federal Title IV and state regulations and institutional policies and procedures, and providing oversight of third-party vendors. This person will serve as a strategic partner and collaborative leader for developing financial aid budgets and scholarship programs. The Director of Financial Aid will report directly to the President.

Responsibilities

• Managing, interpreting, and applying the administration of all Federal, State, and Institutional financial aid programs.
• Implementing new programs and regulatory changes as required.
• Documenting and maintaining internal policies and procedures to ensure compliance with all regulations.
• Developing, implementing, and ensuring correct action plans are followed.
• Managing all Federal Title IV, State, and Institutional funds, including budgets, allocations, and reconciliations of both Colleges.
• Overseeing all enrollment reporting in NSLDS, COD, NSC, and CampusVue to ensure accuracy of the data and compliance with all federal regulations.
• Ensuring awarding guidelines are compliant and all R2T4 calculations are completed.
• Responsible for all required returns and / or post-withdrawal disbursements are processed in compliance with Federal and State programs.
• Developing and maintaining disclosures, generating required reports for timely submission, and providing feedback, and guidance on current program standing.
• Partnering with the Offices of Enrollment Management and Finance for forecasting, planning, budgeting, and defining institutional expenditures to ensure optimal financial aid strategies that best meet the needs of students.
• Leading annual third-party SFS audits, compiling data, overseeing the on-site visit, and ensuring on-time and accurate submissions.
• Serves as the institution’s key holder for all financial aid internal and external reporting and responsible for ensuring all submissions are completed timely and accurately.
• Collaborating with the Dean of Admissions and Registrar on the strategic planning for the allocation of financial aid resources and retention goals are met annually.
• Perform other related tasks as required.

Qualifications

Supervisory Responsibility : Yes

Working Conditions

Salary : $90,000 - $120,000