SS Pro 2-Student Fin Services

Hiring Salary Range: $50,000-$55,000 DOQ

The Student Services Professional 2 - Student Financial Services is responsible for managing and reconciling Federal and University financial aid loan funds and reconciling balance sheet accounts for the Office of Student Finance (OSF). The position is also responsible for quarterly and year end reporting.

Academic Support Resources supports hybrid and flexible working arrangements . Work arrangements are determined in coordination with supervisors depending on the nature of the unit and position. The arrangement for this position will be determined upon hire between employee and supervisor.

40% Collectible Loans Reconciliation

• Reconcile SAL (Stand A Loan) management system from vendor ECSI to the University's Oracle/Peoplesoft system accurately and timely on a monthly basis for Federal Perkins Loan, Federal Health Profession Loans and University of Minnesota Trust Fund Loans.
• Ensure that receipts, refunds, or NSF posted in SAL are booked to the Cash clearing account in the University's Oracle/Peoplesoft financial system (EFS) and vice versa.
• Ensure accuracy of loan disbursements, principal and interest payments, account write-offs, and general collection activity in both SAL and University's Oracle/PeopleSoft system.
• Work with Student Account Assistance (SAA) staff to resolve and/or correct variances.
• Work with ECSI to resolve problems with accounting feed.
• Update procedures as necessary.

15% Budgeting and Annual HRSA reporting 15% Budgeting and Annual HRSA Reporting

• Project budgets, create account set-ups and monitor account activity for Federal Health Profession Loans, Private/Outside Loans and University of Minnesota Trust Fund Loans.
• Work with Accounting Services or Sponsored Financial Reporting staff to ensure proper funding draws/returns are made and cash flows are accurate.
• Assist OSF staff determine and award available funds.
• Process quarterly and fiscal year end management reports for Health Profession Student Loans (including Nurse Faculty loans) and Annual Performance Report (APR) formerly AOR.
• Update procedures as necessary.

15% Federal Direct Loan Maintenance

• Create account set-ups, monitor account activity, and reconcile Federal Direct Loans (Subsidized, Unsubsidized, Parent and Grad Plus) utilizing data in Oracle/Peoplesoft Campus Solutions, Data Warehouse via Oracle SQL Developer, and Oracle/Peoplesoft EFS (General Ledger).
• Work with Accounting Services staff to ensure proper funding draws/returns are made and cash flows are accurate.
• Identify errors and work with departmental staff to resolve/correct.
• Process periodic management reports.
• Update procedures as necessary.

15% Outside/Private Loan Maintenance

• Create account set-ups, monitor account activity and reconcile Outside/Private Loans utilizing data in Oracle/Peoplesoft Campus Solutions, Data Warehouse via Oracle SQL Developer, and Oracle/Peoplesoft EFS (General Ledger).
• Return funds to donors as necessary.
• Identify errors and work with departmental staff to resolve/correct.
• Update procedures as necessary.

10% Miscellaneous Loan Funds Receipt Accounting

• Ensure revenue recapture and loan consolidation collection EFTs for student loans/accounts receivable are properly identified and booked to the appropriate chart strings in the General Ledger.
• Create bills to transfer student loan funds from the University of Minnesota Foundation (UMF) office.
• Prepare/update budget chartstring for uploading to the General Ledger.
• Review Memorandum of Agreement (MOA) to set up new loan funds as needed from the UMF office.

5% Other Duties as Assigned

• Participate in meetings, training sessions, and special projects as needed to contribute to the development, maintenance, and improvement of office procedures and function.

Qualifications

REQUIRED QUALIFICATIONS:

• BA/BS degree in a related field plus two years of relevant full-time work experience, or a combination of education and relevant experience to total at least six years.
• Experience reconciling data in multiple systems.
• Experience and proficiency using Microsoft Excel, specifically pivot table, match and lookup functions.

PREFERRED QUALIFICATIONS:

• Bachelor's degree in Accounting.
• Experience reconciling financial aid loan funds.
• Experience using Oracle/Peoplesoft Campus Solutions, Oracle/PeopleSoft EFS/Finance, Oracle SQL Developer and SAL management system.
• Experience with running web-base queries in Oracle/PeopleSoft systems.
• Ability to analyze data, problem-solve, and work independently.

About the Department

The mission of Academic Support Resources (ASR) is to make a positive difference in students' lives. ASR is committed to cultivating and sustaining an environment that is diverse, equitable, and inclusive. We are better equipped to serve and represent our University community by ensuring our culture values differences and individuality.

The knowledge, skills, and abilities of all ASR employees include job knowledge, communication, problem-solving/analysis, development, leadership, teamwork, and customer service.

The Office of Student Finance (OSF) manages the entire lifecycle of student finances for all University of Minnesota students. OSF calculates financial aid eligibility and manages the awarding, origination, and disbursement of financial aid as well as billing, accounts receivable, student loan entrance and exit interviews, and loan and account collections.

Benefits

Working at the University

At the University of Minnesota, you'll find a flexible work environment and supportive colleagues who are interested in lifelong learning. We prioritize work-life balance, allowing you to invest in the future of your career and in your life outside of work.

The University also offers a comprehensive benefits package that includes:

• Competitive wages, paid holidays, and generous time off
• Continuous learning opportunities through professional training and degree-seeking programs supported by the Regents Tuition Benefit Program
• Low-cost medical, dental, and pharmacy plans
• Healthcare and dependent care flexible spending accounts
• University HSA contributions
• Disability and employer-paid life insurance
• Employee wellbeing program
• Excellent retirement plans with employer contribution
• Public Service Loan Forgiveness (PSLF) opportunity
• Financial counseling services
• Employee Assistance Program with eight sessions of counseling at no cost

Please visit the Office of Human Resources website for more information regarding benefits.

How To Apply

Applications must be submitted online. To be considered for this position, please click the Apply button and follow the instructions. You will be given the opportunity to complete an online application for the position and attach a cover letter and resume.

Additional documents may be attached after application by accessing your "My Job Applications" page and uploading documents in the "My Cover Letters and Attachments" section.

To request an accommodation during the application process, please e-mail employ@umn.edu or call (612) 624-8647.

Diversity

The University recognizes and values the importance of diversity and inclusion in enriching the employment experience of its employees and in supporting the academic mission. The University is committed to attracting and retaining employees with varying identities and backgrounds.

The University of Minnesota provides equal access to and opportunity in its programs, facilities, and employment without regard to race, color, creed, religion, national origin, gender, age, marital status, disability, public assistance status, veteran status, sexual orientation, gender identity, or gender expression. To learn more about diversity at the U: http://diversity.umn.edu

Employment Requirements

Any offer of employment is contingent upon the successful completion of a background check. Our presumption is that prospective employees are eligible to work here. Criminal convictions do not automatically disqualify finalists from employment.

About the U of M

The University of Minnesota, Twin Cities (UMTC)

The University of Minnesota, Twin Cities (UMTC), is among the largest public research universities in the country, offering undergraduate, graduate, and professional students a multitude of opportunities for study and research. Located at the heart of one of the nation's most vibrant, diverse metropolitan communities, students on the campuses in Minneapolis and St. Paul benefit from extensive partnerships with world-renowned health centers, international corporations, government agencies, and arts, nonprofit, and public service organizations.

At the University of Minnesota, we are proud to be recognized by the Star Tribune as a Top Workplace for 2021, as well as by Forbes as Best Employers for Women and one of America’s Best Employers (2015, 2018, 2019, 2023), Best Employer for Diversity (2019, 2020), Best Employer for New Grads (2018, 2019), and Best Employer by State (2019, 2022).