Job Opening: Loan Coordinator - Student Financial Assistance

This job was posted by https://www.kansasworks.com : For more information, please see: https://www.kansasworks.com/jobs/12890510

Pittsburg State University invites applications for the position of Loan Coordinator in Student Financial Assistance. The primary function of the Loan Coordinator is to oversee the federal and private loan processes, ensuring their accuracy and efficiency. This role involves promptly identifying and correcting any discrepancies or issues that may arise.

Duties and Responsibilities

55% - Federal Loan Management

• Analyzeandrevisefederal loandata,identifyingandresolvingpending irregularitiespromptly.
• Staya breast ofindustrydevelopmentsandchangesinloanprocessingsoftwareandproactivelyimplement necessary changes to optimize efficiency and accuracy in loan coordination processes.
• Maintaincurrent knowledgeoffederal regulationsandfinancial aidprocessesandutilizethisexpertisetodrive process improvement and maintain compliance.
• Identifypotentialover-awardsituationsandmakenecessary adjustmentstomaintain compliancewithfederal guidelines.
• Generatedailyreportstoidentifyandcorrectloandiscrepanciestoensuremonthendreconciliation.
• Monitorsession-basedloansandfacilitateclearcommunicationwithfacultyandstudentsthroughoutallstages of the loan life cycle.
• Executeyear-end federalloancloseout procedurestoguaranteeaccuratereconciliationofloanaccounts, compliance with federal regulation and timely submission of reports to relevant authorities.
• Provideloancounselingtostudentsandparentsregarding thefederalloanprocess.

30% - Private/Alternative Loan Processing

• Overseeandassigntasks toappropriatestaffmember(s)during peakperiodstofacilitatetimelyprocessing.
• Managethecertification,disbursementandrevisionofprivate/alternativeloans.
• Analyzeandmonitorloandatatoidentifyissuesandresolve theminatimelymanner.
• Produceandanalyzedaily reportstoidentify andcorrectloandiscrepanciestoensuremonth endreconciliation.
• Conductpersonalizedcounselingtostudents andparentsonthirdparty private loans.
• Exploreandimplementimprovementopportunitiesforongoing processesthroughthirdpartysystem.

10% - Team Collaboration and Process Improvement

• ParticipateinthePSUStudentFinancial Planningimplementationteamtoidentify andimplementbestpractices aimed at enhancing functions for optimal efficiency.
• CoordinatewithCashiers,Registrar,Admission,andAcademic Advisingofficesonstudentloanmatters.Educate and update as needed.
• VerifytheaccuracyofloandataontheCommonOrigination&Disbursementwebsite,applycorrectionsas required.
• Createreports usingOracleAnalytics.
• Leadefforts tostreamlineandenhancetheefficiencyofstudentloanprocessingandfinancialaiddelivery.
• Attendannua lfederalandstatetrainingopportunitiestostayup-to-dateoncurrentregulatoryissuesand changes.

5% - Default Management

• Overseethemonitoringofstudentloandefaultmanagementprocessestomaintain compliancetofederal regulations and university policies.
• Developandenforcepolicies andproceduresaimedatassessingandmitigatingdefault risksandpromoting responsible borrowing practices among students.