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Legal and Regulatory Affairs - Student Finance Analyst I

Naperville, IL, USA ● Virtual Req #1874
Monday, June 10, 2024
DeVry University strives to close our society’s opportunity gap and address emerging talent needs by preparing learners to thrive in careers shaped by continuous technological change. Through innovative programs, relevant partnerships, and exceptional care, we empower students to meaningfully improve their lives, communities, and workplaces.

Our colleague experience is an area of obsessive focus. At DeVry University, we care about you. Because, only through you can we deliver our unique Care Formula to our learners and partners.

Opportunity

 

Under the general direction, this position prepares a variety of reports to analyze student finance trends. Typical daily duties include data entry, identifying trends in reports and presentation of findings to management.

 

Responsibilities

 

  • Supports internal customers and external agencies with responsive and professional communication via email, phone, Salesforce, and video conferencing.
  • Works collaboratively with internal and external stakeholders by asking appropriate questions as needed to resolve student inquiries.
  • Applies knowledge to assist with team performance.
  • Demonstrates a basic understanding of compliance and regulations.
  • Assists in resolving escalated concerns and in a timely manner through the appropriate channels.
  • Provides exceptional customer care to students and colleagues by taking ownership of issues and questions.
  • Identifies areas of continuous improvement and opportunities for automation, system enhancements, and cost reductions in a constantly evolving organization.
  • Assists with User Acceptance Testing (UAT) by applying comprehensive knowledge of the requirements, performing testing, and providing appropriate documentation.
  • Open and responsive to constructive feedback from mentor/supervisor
  • Attend beginner trainings on student financial assistance programs.
  • Actively participates in team meetings and special projects.
  • Maintains procedural documents.
  • Maintains service level agreements as determined by leadership.
  • Maintains annual quality assurance accuracy rating of 95% and above.
  • Adaptable to new processes, assignments while maintaining positivity
  • Communicates effectively and proactively with colleagues and leadership.
  • Actively works on personal development.
  • Receive questions from the field and provide detailed responses with appropriate information and guidance to be shared with the student.
  • Completes other duties as assigned.
  • Values different perspectives and is open to culturally diverse ideas and points of view to achieve team goals

Disbursement Team Duties and Responsibilities

  • Runs and reviews reports to help ensure accurate and timely disbursement of federal, private, state aid, and institutional aid to eligible students.
  • Familiarity with the Federal Student Aid Handbook Volume 4-Processing Aid and Managing FSA Funds
  • Ensure timely reporting to COD by daily reviewing response files
  • Monitor student disbursements and take manual action, when necessary, within ProSAM or COD.
  • When necessary correct student disbursement records within COD
  • Monitor disbursement rejects for students across the University to take appropriate next steps for resolution
  • Stays current with federal and state regulations and ensure disbursement related processes meet requirements for compliance. Participates in creating standard operating procedures when there are new regulations, or reviewing for compliance.
  • Serves as a subject-matter expert on disbursement processing regulations and the application of said regulations to University policy, which may include staff training.

 

Qualifications

 

  • To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Below are the minimum requirements of the education, experience, knowledge, and skills required to competently perform in this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

 

Education

    • Advanced degree or equivalent experience.

Experience

    • Minimum 1-3 years of student financial assistance programs, customer service or related experience preferred.
    • Familiarity with Federal Student Aid web-based applications preferred.
    • Experience with Adobe, Microsoft Word and Microsoft Excel required.
    • Maintain access to federal systems, which includes no defaulted federal student loans.

 

Knowledge

    • Knowledge of higher education, military regulation, or accounts receivable experience preferred.
    • Knowledge of Banner and ProSAM student financial systems preferred.

 

Skills

    • High level of interpersonal, communication, time management, and analytical skills.
    • Must be a self-starter with the ability to prioritize effectively.
    • Ability to work independently and collaboratively in a flexible remote environment.

Compensation $24- 25 hour 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DeVry University offers competitive wages and benefit options, including:

 

  • 401(k) and Roth Plan w/match
  • Medical, Dental and Vision Coverage
  • Paid Parental Leave
  • Health Advocacy Service
  • Family and Domestic Partner Coverage
  • Tax Savings Account (FSA and HSA)
  • Short-Term/Long-Term Disability Coverage
  • Life, Accident, AD&D, Critical Illness Insurance
  • Fertility Coverage
  • Wellness Programs
  • Volunteer Time Off
  • Remote and Flex Work Options
  • Technology Stipend
  • Paid Tuition Program
  • Auto/Homeowners, Pet and Legal Insurance
  • Exclusive Discount Programs
  • Adoption Assistance 
  • Career Development Programs
  • Mental Health Care Programs
  • Family Care Services
  • 2nd.MD, a virtual expert medical consultation service
Benefits vary based on employment status. Part-time/Visiting Professors positions may not be eligible for all benefits. 
 
We believe diversity is essential to our educational mission and to the success of our community. We are committed to fostering a working environment where differences are respected, valued and embraced.



Other details

  • Job Family Legal and Regulatory Affairs: Student Finance Non Title IV
  • Job Function Legal and Regulatory Affairs
  • Pay Type Salary
  • Min Hiring Rate $50,000.00
  • Max Hiring Rate $55,000.00
  • Travel Required No
  • Required Education Bachelor’s Degree
Location on Google Maps
  • Naperville, IL, USA
  • Virtual