Financial Aid Specialist
4.
3 Full-time 3 hours ago Full Job Description Work Details:
Hiring 3 Financial Aid Specialists Full-Time:
38.
75 hours per week Location will be at the Downtown Milwaukee Campus Under the supervision of the Financial Aid Director, advises current and prospective students with financial aid programs available and application procedures; supports students applying for financial aid and performs other duties needed to maintain and facilitate financial aid awarding.
Assists in developing and implementing proactive strategies to reduce the institution's cohort default rate.
Work is generally diversified requiring judgment, analysis and decision-making according to established practices and procedures.
Supervision received is general.
Daily responsibilities are completed independently using established policies and general objectives with interaction with supervisor limited to problems or unusual conditions.
Characteristic Duties and Responsibilities Advises students who apply for short-term institutional loans.
Advises students on educational related financial matters including budget planning, repayment of loans and grants, and related financial aid options.
Assists students in filing formal applications for all types of student aid including work-study, loans, grants and scholarships; explains related procedures, requirements and obligations.
May act as college liaison internally to local, state and federal agencies.
Performs verification as required by federal regulations.
Maintains records and prepares related reports as required and in accordance with established policies, procedures for governmental regulatory agencies.
Reads and interprets regulations relevant to Title IV student financial aid assistance programs.
Assists in development and implementation of a student financial education program.
Applies knowledge and understanding of cohort default rate management, student loan repayment options and current tax regulations in relation to financial aid.
Posts related student loan data into the student operating system to ensure timely enrollment reporting to the National Student Loan Database System.
Assists in the development and implementation of a robust training program for staff.
Provides exit counseling support services to students and campuses by presenting to an audience on student loan entrance and exit counseling including financial literacy.
Conducts and facilitates financial education activities including educational programs and outreach to current and former students.
Counsels student loan borrowers on available repayment, deferment and forbearance options and assist past due borrowers in making payments with loan services.
Regularly conducts analysis of data sets and provide trend reports and insight/recommendations for the improvement of borrower repayment behavior to management.
Requests and retrieves reports from NSLDS (National Student Loan Data System) to facilitate effective management of student cohort groups and repayment data.
Maintains current knowledge of federal Title IV regulations, state rules and institutional policies pertaining to financial aid to develop and present strategic training to internal and external staff members on default prevention, financial literacy, and delinquency management.
Maintains knowledge of Title IV awarding, satisfactory academic progress, and basic accounting principles for cash management.
Other related duties as assigned.
Qualifications Works a flexible schedule including late afternoons, evenings, or weekends.
Required Education:
Associate's degree in Business Administration; Public Administration; Psychology or related field.
Preferred Education:
Bachelor's degree in related field.
Required
Experience:
With Associate:
Four (4) years of experience.
With Bachelors:
Two (2) year of experience.
Related experience include Experience as a financial aid advisor; prior experience and knowledge of financial aid verification and award processes; or experience in a financial institution.
Knowledge, Skills, And Abilities:
Working knowledge of financial aid federal site (NSLDS, COD, and FAA ACCESS or CPS) Financial Aid software systems (DataTel and Image Now preferred) and all Microsoft Office Suite programs.
Knowledge and skilled in verification process.
Knowledge and ability to counsel students and parents on FAFSA application and utilization while effectively communicating financial aid award options e.
g.
(Pell Grant, Wisconsin Grant, Institutional grants and scholarships, Promise Scholarship, Work Student, and Federal Student loans.
) Skilled at organizing and presenting financial aid information to parent and student groups.
Ability to multi-task and to work in a fast pace environment delivering excellent student service support.
Ability to keep complex records; assemble and organize data and prepare reports from such records.
Ability to make arithmetic computations rapidly and accurately.
Demonstrated ability to communicate effectively and relate well with students, parents, faculty, staff, and others while maintaining appropriate confidentiality.
Ability to establish and maintain effective working relationships with other employees, students, and the public.
Demonstrated ability to work effectively with people of diverse backgrounds and promote a positive working environment.
Physical Demands:
Ability to lift up to 15 lbs.
, carry, and push up to 20 lbs.
and ability pull up to 50 lbs.
Ability to climb stairs and a ladder and maintain balance.
Ability to stoop, kneel, crouch, reach, hear and speak.
Sitting/Standing/Walking:
75% of time spent sitting, 20% of time standing, and 5% of time walking.
Excellence through diversity.
MATC is an Affirmative Action/Equal Opportunity Employer and complies with all requirements of the Americans with Disabilities Act.
MATC strongly encourages individuals of all backgrounds to apply.
Supervisory Responsibilities None.
Health Insurance MATC offers a choice between two medical insurance plans.
See below for plan types:
Low Deductible PPO High Deductible PPO Upon selection, the coverage begins the first of the month following start date.
MATC contributes a generous percentage towards medical insurance premium.
Both medical plans include prescription drug coverage at no additional cost to employees.
Employees are offered an option to enroll in a Health Care Flexible Spending Account (FSA) with the selection of the Low Deductible PPO plan.
Employees are offered an option to enroll in a Health Savings Account (HSA) with the selection of the High Deductible PPO plan with employer contributions.
Dental Insurance MATC offers a group dental plan through Delta Dental.
Upon selection, the dental insurance plan coverage begins the first of the month following start date.
Annual maximum per covered person is $2,500; plan covers preventive, routine, restoration, and has an orthodontic benefit for dependents up to age 19.
Vision Insurance MATC offers a group vision plan through Superior Vision.
.
Upon selection, the vision insurance plan coverage begins the first of the month following start date.
Plan covers eye exam, frames, lenses and contact lenses.
Group Life Insurance MATC offers group term life insurance benefits through Madison National Life Insurance Company effective the first of the month of start date and is fully paid for by the College.
The amount of insurance is based upon the employee's annual earnings rounded to the higher $1,000.
00.
The benefit is doubled in the event of accidental death.
Supplemental Life Insurance is also available at group rates for employees, spouses, and dependents to purchase.
Long-Term Disability MATC offers long-term disability insurance through Madison National Life Company after 30 days of employment and is fully paid for by the College.
Benefits provided are equal to 66 2/3% of base monthly earnings.
Flexible Spending Accounts MATC offers two types of Flexible Spending Accounts (FSA):
Health Care FSA Dependent Care FSA This type of benefit allows employees to set aside pre-tax dollars per calendar year for a variety of medical, dental, and vision expenses (for a Health Care FSA) and for day care expenses for children under 13 or family members that are dependent on you for more than half their support (for a Dependent Care FSA) up to a maximum amount.
Retirement Savings Regular full-time employees of MATC who are hired for greater than 12 months become members of the Wisconsin Retirement System (WRS)'s pension system as of day one of employment.
The College pays the full cost of the employer contribution, and the employee pays the full part of the employee contribution.
There is a five year vesting period requirement in order to qualify for any employer contributions made on the employee's behalf.
Contribution rates are subject to change annually as set by the State.
In addition to the WRS pension account, employees may enroll in other optional retirement savings plan such as a 403(b) account or a 457 account on a pre-tax or post-tax basis.
Sick Leave MATC offers employees a generous sick leave plan per year.
Each employee may accumulate up to 165 days of full sick leave with an unlimited accumulation of half pay sick leave.
Vacation MATC offers a vacation policy to employees for the purpose of rest and relaxation.
Vacation is earned at a generous rate each year of employment.
(Not available for Instructors)Paid & Flexible (Floating) Holidays MATC offers 12 paid holidays for non-Faculty positions and 7 paid holidays for Faculty positions.
MATC provides two flexible (floating) holidays per employee per year.
(Not available for Instructors).
Tuition
Benefits:
Employees are eligible for tuition reimbursement and waiver after completing probationary period.
Amount allowed per fiscal year is 18 credits at MATC or $1,400 at other accredited institutions.
.
Estimated Salary: $20 to $28 per hour based on qualifications.
3 Full-time 3 hours ago Full Job Description Work Details:
Hiring 3 Financial Aid Specialists Full-Time:
38.
75 hours per week Location will be at the Downtown Milwaukee Campus Under the supervision of the Financial Aid Director, advises current and prospective students with financial aid programs available and application procedures; supports students applying for financial aid and performs other duties needed to maintain and facilitate financial aid awarding.
Assists in developing and implementing proactive strategies to reduce the institution's cohort default rate.
Work is generally diversified requiring judgment, analysis and decision-making according to established practices and procedures.
Supervision received is general.
Daily responsibilities are completed independently using established policies and general objectives with interaction with supervisor limited to problems or unusual conditions.
Characteristic Duties and Responsibilities Advises students who apply for short-term institutional loans.
Advises students on educational related financial matters including budget planning, repayment of loans and grants, and related financial aid options.
Assists students in filing formal applications for all types of student aid including work-study, loans, grants and scholarships; explains related procedures, requirements and obligations.
May act as college liaison internally to local, state and federal agencies.
Performs verification as required by federal regulations.
Maintains records and prepares related reports as required and in accordance with established policies, procedures for governmental regulatory agencies.
Reads and interprets regulations relevant to Title IV student financial aid assistance programs.
Assists in development and implementation of a student financial education program.
Applies knowledge and understanding of cohort default rate management, student loan repayment options and current tax regulations in relation to financial aid.
Posts related student loan data into the student operating system to ensure timely enrollment reporting to the National Student Loan Database System.
Assists in the development and implementation of a robust training program for staff.
Provides exit counseling support services to students and campuses by presenting to an audience on student loan entrance and exit counseling including financial literacy.
Conducts and facilitates financial education activities including educational programs and outreach to current and former students.
Counsels student loan borrowers on available repayment, deferment and forbearance options and assist past due borrowers in making payments with loan services.
Regularly conducts analysis of data sets and provide trend reports and insight/recommendations for the improvement of borrower repayment behavior to management.
Requests and retrieves reports from NSLDS (National Student Loan Data System) to facilitate effective management of student cohort groups and repayment data.
Maintains current knowledge of federal Title IV regulations, state rules and institutional policies pertaining to financial aid to develop and present strategic training to internal and external staff members on default prevention, financial literacy, and delinquency management.
Maintains knowledge of Title IV awarding, satisfactory academic progress, and basic accounting principles for cash management.
Other related duties as assigned.
Qualifications Works a flexible schedule including late afternoons, evenings, or weekends.
Required Education:
Associate's degree in Business Administration; Public Administration; Psychology or related field.
Preferred Education:
Bachelor's degree in related field.
Required
Experience:
With Associate:
Four (4) years of experience.
With Bachelors:
Two (2) year of experience.
Related experience include Experience as a financial aid advisor; prior experience and knowledge of financial aid verification and award processes; or experience in a financial institution.
Knowledge, Skills, And Abilities:
Working knowledge of financial aid federal site (NSLDS, COD, and FAA ACCESS or CPS) Financial Aid software systems (DataTel and Image Now preferred) and all Microsoft Office Suite programs.
Knowledge and skilled in verification process.
Knowledge and ability to counsel students and parents on FAFSA application and utilization while effectively communicating financial aid award options e.
g.
(Pell Grant, Wisconsin Grant, Institutional grants and scholarships, Promise Scholarship, Work Student, and Federal Student loans.
) Skilled at organizing and presenting financial aid information to parent and student groups.
Ability to multi-task and to work in a fast pace environment delivering excellent student service support.
Ability to keep complex records; assemble and organize data and prepare reports from such records.
Ability to make arithmetic computations rapidly and accurately.
Demonstrated ability to communicate effectively and relate well with students, parents, faculty, staff, and others while maintaining appropriate confidentiality.
Ability to establish and maintain effective working relationships with other employees, students, and the public.
Demonstrated ability to work effectively with people of diverse backgrounds and promote a positive working environment.
Physical Demands:
Ability to lift up to 15 lbs.
, carry, and push up to 20 lbs.
and ability pull up to 50 lbs.
Ability to climb stairs and a ladder and maintain balance.
Ability to stoop, kneel, crouch, reach, hear and speak.
Sitting/Standing/Walking:
75% of time spent sitting, 20% of time standing, and 5% of time walking.
Excellence through diversity.
MATC is an Affirmative Action/Equal Opportunity Employer and complies with all requirements of the Americans with Disabilities Act.
MATC strongly encourages individuals of all backgrounds to apply.
Supervisory Responsibilities None.
Health Insurance MATC offers a choice between two medical insurance plans.
See below for plan types:
Low Deductible PPO High Deductible PPO Upon selection, the coverage begins the first of the month following start date.
MATC contributes a generous percentage towards medical insurance premium.
Both medical plans include prescription drug coverage at no additional cost to employees.
Employees are offered an option to enroll in a Health Care Flexible Spending Account (FSA) with the selection of the Low Deductible PPO plan.
Employees are offered an option to enroll in a Health Savings Account (HSA) with the selection of the High Deductible PPO plan with employer contributions.
Dental Insurance MATC offers a group dental plan through Delta Dental.
Upon selection, the dental insurance plan coverage begins the first of the month following start date.
Annual maximum per covered person is $2,500; plan covers preventive, routine, restoration, and has an orthodontic benefit for dependents up to age 19.
Vision Insurance MATC offers a group vision plan through Superior Vision.
.
Upon selection, the vision insurance plan coverage begins the first of the month following start date.
Plan covers eye exam, frames, lenses and contact lenses.
Group Life Insurance MATC offers group term life insurance benefits through Madison National Life Insurance Company effective the first of the month of start date and is fully paid for by the College.
The amount of insurance is based upon the employee's annual earnings rounded to the higher $1,000.
00.
The benefit is doubled in the event of accidental death.
Supplemental Life Insurance is also available at group rates for employees, spouses, and dependents to purchase.
Long-Term Disability MATC offers long-term disability insurance through Madison National Life Company after 30 days of employment and is fully paid for by the College.
Benefits provided are equal to 66 2/3% of base monthly earnings.
Flexible Spending Accounts MATC offers two types of Flexible Spending Accounts (FSA):
Health Care FSA Dependent Care FSA This type of benefit allows employees to set aside pre-tax dollars per calendar year for a variety of medical, dental, and vision expenses (for a Health Care FSA) and for day care expenses for children under 13 or family members that are dependent on you for more than half their support (for a Dependent Care FSA) up to a maximum amount.
Retirement Savings Regular full-time employees of MATC who are hired for greater than 12 months become members of the Wisconsin Retirement System (WRS)'s pension system as of day one of employment.
The College pays the full cost of the employer contribution, and the employee pays the full part of the employee contribution.
There is a five year vesting period requirement in order to qualify for any employer contributions made on the employee's behalf.
Contribution rates are subject to change annually as set by the State.
In addition to the WRS pension account, employees may enroll in other optional retirement savings plan such as a 403(b) account or a 457 account on a pre-tax or post-tax basis.
Sick Leave MATC offers employees a generous sick leave plan per year.
Each employee may accumulate up to 165 days of full sick leave with an unlimited accumulation of half pay sick leave.
Vacation MATC offers a vacation policy to employees for the purpose of rest and relaxation.
Vacation is earned at a generous rate each year of employment.
(Not available for Instructors)Paid & Flexible (Floating) Holidays MATC offers 12 paid holidays for non-Faculty positions and 7 paid holidays for Faculty positions.
MATC provides two flexible (floating) holidays per employee per year.
(Not available for Instructors).
Tuition
Benefits:
Employees are eligible for tuition reimbursement and waiver after completing probationary period.
Amount allowed per fiscal year is 18 credits at MATC or $1,400 at other accredited institutions.
.
Estimated Salary: $20 to $28 per hour based on qualifications.
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