What are the responsibilities and job description for the Bursar position at Schiller International University?
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The Bursar is a key financial administrator within the university, tasked with managing student billing, collections, and maintaining accurate financial records. This role requires close interaction with students to manage payment processes, provide guidance on financial matters, and ensure compliance with various financial aid regulations. The Bursar also supports administrative functions and collaborates closely with other departments to maintain the university's financial health and integrity.
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Student Billing & Collections
For over 50 years, we have firmly believed in experiential learning, an educational model that combines knowledge and skills acquisitions with solid humanist values. A combined learning process that guaranteed to all our students not only proficient professional capacities but also an international mindset to build inclusive and realistic scenarios that unify people, nations and cultures.
At SIU we are aware that our students will be part of a global, borderless and hyper-connected world. Thus, our 4 International Campuses provide undergraduate and graduate students with a high-quality variety of degrees valid both in the USA and Europe. All our programs are instructed in English and designed to be customized to each personal scenario. Additionally all our students are encouraged to study abroad at any time during their education to complete their professional expertise with truly life experiences that turn them in truly holistic profiles.
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https://schiller-international-university.jobs.personio.com
The Bursar is a key financial administrator within the university, tasked with managing student billing, collections, and maintaining accurate financial records. This role requires close interaction with students to manage payment processes, provide guidance on financial matters, and ensure compliance with various financial aid regulations. The Bursar also supports administrative functions and collaborates closely with other departments to maintain the university's financial health and integrity.
Your profile
Student Billing & Collections
- Generate and issue invoices to students per term on a monthly basis.
- Collect tuition fees and follow up on outstanding balances monthly.
- Set up and manage payment plans, assisting students with late payment issues.
- Issue and send payment receipts to students.
- Collect payments using the POS system at the reception desk.
- Post charges, payments, and adjustments (for class changes, scholarships, etc.) on students' ledger cards monthly and review the previous three months for accuracy.
- Reconcile all bank transactions, including downloading bank statements and verifying payments received via bank transfer, credit card, or payment platforms.
- Reconcile petty cash monthly.
- Perform monthly reconciliation of financial records using Anthology ERP, UNIT4 Accounting Software, and Zoho CRM.
- Manage accounts receivable for the campus, ensuring accurate accounting for invoices issued to KIP SIU LLC Sucursal en España.
- Support the monthly and annual financial close for the campus, preparing for audits and reconciling all required accounts.
- Provide the Campus Director with monthly financial reports to compare actual results with budget projections.
- Actively participate in the Scholarship Committee, attending bi-weekly meetings to discuss scholarship-related matters.
- Post scholarship awards, financial aid, and adjustments on students' ledger cards and issue stipends or refunds as needed.
- Track students’ academic performance to ensure they meet scholarship requirements and notify students of scholarship status changes.
- Adhere to U.S. government loan regulations, sending students the 1098-T form by January 31 each year.
- Monitor and apply Title IV fund regulations and other financial assistance programs.
- Perform currency translations for financial aid transactions on campus students' ledger cards in Anthology.
- Maintain open communication with students, staff, faculty, and external stakeholders regarding financial matters.
- Resolve student queries via email and in person during designated office hours (1 hour, Monday through Thursday).
- Inform students and prospective students of new financial processes or departmental methodologies.
- Notify to the pertinent responsible of payments received for new students.
- Provide administrative support to the Campus Directors, admissions, and recruiting teams.
- Coordinate with other departments to maintain accurate student financial records and ensure compliance with university policies.
- Bachelor’s degree in finance, accounting, business administration, or related field.
- Proficiency in ERPs.
- A minimum of 2 Years experience in accounting, desirable CPA, ACCA or CMA.
- Knowledge of local and federal taxes
- Experience with Higher Education and USDOE
- Knowledge of Title IV fund management
- Strong analytical, communication, and customer service skills.
- Either native English speaker or proficiency level of English competency.
- Other language will be desirable.
For over 50 years, we have firmly believed in experiential learning, an educational model that combines knowledge and skills acquisitions with solid humanist values. A combined learning process that guaranteed to all our students not only proficient professional capacities but also an international mindset to build inclusive and realistic scenarios that unify people, nations and cultures.
At SIU we are aware that our students will be part of a global, borderless and hyper-connected world. Thus, our 4 International Campuses provide undergraduate and graduate students with a high-quality variety of degrees valid both in the USA and Europe. All our programs are instructed in English and designed to be customized to each personal scenario. Additionally all our students are encouraged to study abroad at any time during their education to complete their professional expertise with truly life experiences that turn them in truly holistic profiles.
We Connect
https://schiller-international-university.jobs.personio.com