Loan Specialist, Financial Aid Office

Advertised Position Title: Loan Specialist, Financial Aid Office Job Description: This position is responsible for loan processing through Workday, state and federal entities to ensure the efficient delivery of financial aid. Essential Functions: Analyzes and interprets applicable federal regulations to determine eligibility, award, and originate Federal Direct Loans within timeframes that meet regulatory requirements and service expectations. Posts information to the Workday system and makes necessary adjustments Returns loan funds and makes appropriate adjustments to loans, within regulatory timeframes, due to withdrawals, overawards, ineligibility, student requirements, etc. Reviews overawards, determines appropriate corrective action, and makes adjustments to awards as needed. Awards and certifies state and alternative loans. Includes posting information to the Workday system and online student loan systems, communicating with the state and alternative loan lenders and guarantors, and making necessary adjustments. Reviews and processes documentation regarding loan-related eligibility issues, including defaulted loans and borrowing limits. Complete daily reports as assigned. Monitors loan-related processes and resolves issues regarding loans. Includes responding to inquiries from staff in person, by instant message, by phone, or via email. Inputs documents related to student loans into Workday. Assists Student Financial Services regarding student loan inquiries. Provides input regarding policies and procedures related to loan processing. Assists, as necessary, with students applying for financial aid and other areas of customer service. Enters data from exit counseling and reports the results to NSLDS. Processes and responds to requests and reports from servicers and guarantee agencies. Corresponds with students regarding loan-related issues. Keeps informed of current federal regulations regarding Federal Direct Loans in order to maintain compliance with regulations Determines, reviews, returns, and certifies alternative and federal loans. Other duties as assigned. Knowledge, Skills, and Abilities: Knowledge of federal and state financial aid regulations. Knowledge of Workday, Microsoft Office suite, email, and math. Knowledge of office procedures Accuracy in dealing with numbers and data entry. Computer skills (such as using a database to enter, view, and interpret data; MS Office, especially Word and Excel). Good communication skills. Ability to manage multiple responsibilities and prioritize tasks. Ability to analyze situations and determine an appropriate course of action. Professional Attention to detail Work well with others Work independently and meet deadlines In order to perform job duties, this position requires access to U.S. Department of Education systems. Thus, successful candidate may not be in default on Title IV aid or barred from access to any systems by the U.S. Department of Education. Minimum Requirements: High School Diploma or equivalent (G.E.D.) Job Classification: Staff Duty Days: 260 Days Work Schedule: Monday – Friday 8am-4:30pm Grant Funded Position: No - Not Grant Funded FLSA Status: United States of America (Non-Exempt) Pay Basis: Hourly Hiring Range $18.56-$20.87 Retirement System: SERS - SERS (Retirement System Classification) More than 1,380 full- and part-time employees contribute to Owens' success. A competitive benefit package and challenging work environment allows Owens to attract the most qualified individuals to support the College's mission. Founded in 1965, Owens continues to offer an affordable, quality education to those who are seeking an associate degree, continuing education courses and professional development. The Owens Community College Toledo-area Campus covers more than 280 acres and is located just five minutes from downtown Toledo. The Findlay-area Campus is located at 3200 Bright Road in one of Ohio's most progressive cities. There are many job opportunities available on both of our campuses. Apply today and become part of our inclusive culture that embraces and celebrates diversity. Owens Community College is an Affirmative Action/Equal Opportunity Educator and Employer. We are committed to a multicultural environment and strongly encourage applications from women, minorities, veterans and persons with disabilities. In compliance with the ADA Amendments Act (ADAAA), if you have a disability and would like to request an accommodation in order to apply for a position with Owens Community College, please call (567) 661-7527 or email [email protected]