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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.