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Job Standard for Financial Aid Compliance Specialist

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  2. Click ‘View in Google Docs/Download’ and download to Word.
  3. Under Essential Functions you may add an additional 35%, specific to your department needs.
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Financial Aid Compliance Specialist Overview

  • Person Group: Professional
  • Job Code: 75664
  • Pay Grade: P6
  • FLSA Status: Exempt
  • Career Level: Intermediate
  • Family: Student Services
  • Function: Financial Aid

Purpose

Perform complex analytical management studies of the financial aid program related to organizational structures, financial aid compliance with Federal, State, and Boise State University’s rules and regulations and provide consultation on administrative issues and program planning.

Level Scope

Fully competent and productive professional contributor who applies acquired job skills, policies, and procedures to complete substantive assignments/projects/tasks of moderate scope and complexity.  Works independently with general supervision; exercises judgment within defined guidelines and practices to determine appropriate action. May provide guidance and assistance to entry level professionals and/or support employees.

Minimum Qualifications

Bachelor’s degree or equivalent plus 2 years professional experience

Knowledge, Skills, and Abilities

  • Strong written and verbal communication skills.
  • Knowledge of federal student aid programs
  • Ability to read, interpret and apply US Department of Education regulations and sub-regulatory authority
  • Demonstrated organizational, analytical and problem-solving skills
  • Ability to work in a collaborative, team environment
  • Ability to make public presentations
  • Strong customer service orientation
  • Excellent communication, problem-solving skills, ability to exercise independent judgment and discretion

Essential Functions

Key Responsibilities

60% of Time the Financial Aid Compliance Specialist must:

  • Conduct audits to ensure internal quality control for financial aid transactions
  • Ensures the Financial Aid office procedures both comply with University, State, and Federal policy and regulations, and adhere to effective, efficient processing that complies with the Department of Education’s standards while providing support for decision making, policy recommendations, and administrative improvements.
  • Responsible for monitoring individual and institutional (team) financial aid award limits
  • Partners with Registrar’s Office to provide FERPA training to staff as required
  • Maintain up-to-date knowledge of all Federal Title IV and state regulatory laws
  • Ability to support FA management in compliance, development, and implementation of complex federal, state and institutional regulations and policies relating to financial aid.

35% of Time the Financial Aid Compliance Specialist

  • Determined by department needs

5% of Time the Financial Aid Compliance Specialist

  • Perform other duties as assigned

Work Environment and Physical Demands

Some positions may involve frequent bending, moving, lifting, and carrying material weighing up to 50 pounds; some positions may involve moving, lifting, and carrying material weighing up to 70 pounds; standing up to eight hours each day; working in all weather conditions; exposure to high noise levels and require wearing hearing protection.

Travel Requirement

Not applicable for Financial Aid Compliance Specialist

Career Path

Additional training/education or equivalent experience, as well as business need, are required for movement into higher level jobs.

Disclaimer

Incumbent must perform the essential duties and responsibilities with or without reasonable accommodation. The above statements are intended to describe the general nature and level of work.  Final employment offers are contingent upon a Final Candidate’s successful completion of a Background Verification, and a determination by the University that the information derived from the Background Verification does not disqualify the individual.  In addition, a Financial History Check and Motor Vehicle Record (MVR) Check may be required.