Financial Aid Compliance Analyst

Wayne State University is searching for an experienced Financial Aid Compliance Analyst at its Detroit campus location.

Wayne State is a premier, public, urban research university located in the heart of Detroit, Michigan where students from all backgrounds are offered a rich, high-quality education. Our deep-rooted commitment to excellence, collaboration, integrity, diversity and inclusion creates exceptional educational opportunities which prepare students for success in a global society.

Essential functions (job duties):

Oversees and performs varied and complex federal and statefinancial aid compliance activities in support of the Office of StudentFinancial Aid to ensure University compliance responsibilities are met. Appliesknowledge of financial aid compliance to develop and monitor systems processesto ensure the Office of Student Financial Aid’s compliance responsibilities aremet, including electronic federal financial aid processes; other federal andstate compliance processes; institutional, endowed/annual and externalscholarship processes; NCAA regulations; and the Board of Governors policy.

ESSENTIAL FUNCTIONS

Run necessary system configuration, term-related processes and daily federal financial aid extract and import processes, to ensure accurate disbursements and proper implementation of various financial aid programs. Periodically run reports that will proactively ensure compliance with federal regulations and identify issues that are a potential risk to reconciliation of federal funds. Review output and guide OSFA staff to correct student records and maintain accurate documentation of corrections.

Testsystems processes, including workflows, Approx. Chains, Banner processes,including all aspects of the Banner system that touch on student financial aideligibility, financial aid disclosures, and reconciliation to ensure universityremains in compliance with required data used in the awarding, disbursement andreconciliation of financial aid. Recommendupdates to processes to ensure compliance with Title IV regulations.

Monitor scholarship awarding process to ensuredata integrity for awarding and renewal of need-based and merit institutionalaid annually. Provide technical and analytical support for external softwareused for awarding endowed and annual funds. Includes maintaining documentationof award requirements from year to year to ensure federal, state and NCAA requirementsare met.

Perform necessary system configuration androllover tasks to support multiple financial aid business processes in BANNER.

Investigate audit or questions in periodic audits (federal, state and institutional). Assist in the development of annual audit responses and implementation of corrective action plans as needed.

Monitor federal and industry changes and workwith management to ensure the university remains in compliance with newregulations.

Interface with other staff in the university, including technical and operational, to ensure Office of the Student Financial Aid systems and process interface effectively with other areas of the university.

Perform other related duties as assigned.

Unique duties:

Qualifications:

Education Bachelor's degree
Requires a Bachelor’s degree in Business, Public Administration ora related field. Candidates with anequivalent combination of education and experience may be considered.
Experience Intermediate (3 to 4 years job-related experience)
Requires 3or more years of related experience. Must meet eligibility requirements foraccess to Federal Student Aid systems.

Knowledge, Skills and Abilities
Knowledge of and experience with Federal Title IV regulations and University policies that could impact compliance with regulations at all levels.

Proficient in Banner financial aid or similar software, Microsoft Excel, Microsoft Access, and familiarity with SQL.
Experience with verifying and auditing data; problem solving/solution development; and implementing process improvement.

Demonstrated organizational skills and strong attention to detail.

Self-motivated and able to work effectively in critical and time sensitive situations both independently and as part of a team.

Preferred qualifications:

School/College/Division:

H92 - Student Affairs

Primary department:

H 9247 Student Financial Aid

Employment type:

• Regular Employee
• Job type: Full Time
• Job category: Staff/Administrative

Funding/salary information:

• Compensation type: Annual Salary
• Hourly rate:
• Salary minimum: 57,791
• Salary hire maximum: 69,352

Working conditions:

normal office environment

Job openings:

• Number of openings: 1
• Reposted position: No
• Reposted reason: None (New Requisition)
• Prior posting/requisition number:

Background check requirements:

University policy requires certain persons who are offered employment to undergo a background check, including a criminal history check, before starting work. If you are offered employment, the university will inform you if a background check is required.

Equal employment opportunity statement:

Wayne State University provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics. The university encourages applications from women, people of color and other underrepresented people. Wayne State is an affirmative action/equal opportunity employer.