What are the responsibilities and job description for the Student Financials Coordinator position at usm?
Job Summary:
Ensures department procedures related to student
accounts receivables including invoicing, deposits, reconciliation, refunding, and
past due accounts are carried out accurately and timely. Provides support to students and parents in
understanding their student account balances and financial obligations to the
University.
Primary Job Duties and Responsibilities:
- Maintains front-line operations for student financial transactions. Exhibits a strong understanding of office policies and procedures and has the ability to independently answer questions and solve problems. Provides student account research and analysis as needed.
- Responsible for billing and collection for specific third party and/or prepaid tuition plans (MPACT, etc.). This includes verifying eligibility, completing paperwork and communicating with students and agency personnel. Receives scholarship authorizations and inputs Financial Aid (restricted aid) in PeopleSoft. Processes withdrawals and returns of Title IV funds for all University students.
- Assists in preparing student accounts for collection with an outside collection agency. Also, makes collection calls on accounts under $100.00 that are due to be turned over to outside collection agencies. Process and verify collections payment activity report and updates student accounts in collections by maintaining collections checklists in PeopleSoft.
- Assists with maintaining student accounts in write off, posting charge and credit files, processing refunds, and producing student account statements in Microsoft Word.
- Assists with distribution and explanation of student account statements and IRS Form 1098T. Exhibits thorough understanding of federal regulations and University policies and procedures.
- Works with Assistant Director to record VA Chapter 33 payments received through ACH from the University’s bank. Create spreadsheets for Financial Aid and Controllers office after deposit is recorded for VA33 ACH payment. Assists with posting of student account payments when needed and performs other duties as assigned.
Salary : $100
