SS Finance Professional 1

University of Minnesota
life insurance, paid holidays
United States, Minnesota, Saint Paul
Feb 11, 2025
Apply for Job Job ID 366764 Location Twin Cities Job Family Student Services Full/Part Time Full-Time Regular/Temporary Regular Job Code 8461SF Employee Class Civil Service Add to Favorite Jobs Email this Job About the Job The Finance Professional 1 - Student Financial Services is responsible for analyzing and recalculating financial aid funds for students who completely withdraw from the institution or reduce credit loads throughout the term (Return of Funds) per federal, state, and/or University of Minnesota regulation/policy. This position is also responsible for creating rosters for outside scholarships, private loans, and 3rd party payment checks, and routing NSF items for the Office of Student Finance at the University of Minnesota-Twin Cities in a timely manner. This position assists One Stop and system campus staff with related questions and issues. The Finance Professional 1 - Student Financial Services is required to stay current with federal and state financial aid regulations and work to ensure changes are correctly implemented within the University's system. 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. Essential Job Functions 45% Monitor State of MN financial aid awards Monitor State of Minnesota financial aid awards for students who change enrollment levels at the University (Run weekly queries to identify students with enrollment changes) Calculate new eligibility and manually adjust financial aid awards in PeopleSoft-Campus Solutions Populate Minnesota State Grant worksheet as necessary Assist with annual review of any changes/revisions to state regulations & apply updates to systems Create reports and coordinate with Office of Student Finance staff in returning financial aid funds to the State of Minnesota for past year adjustments or issues with calculations Identify special types of financial aid requiring further review 30% Outside Scholarships/Loans checks processing Create and route rosters and/or document texts for check and EFT receipts Create EFS Departmental Deposit documents and desktop deposit for checks Identify payment type, correct errors, complete information needed, and return checks to donors/lenders/senders as necessary Issue PeopleSoft e-mail communications when checks require student endorsement Respond to check inquiries by University staff, students, and donors/lenders/senders Create journal entries as needed to move funds deposited with wrong accounting string Identify student/parent payments for Student Account Assistance and route as necessary Identify and correct errors with Fiscal/Scholarship/Loan Unit staff, donors and/or lenders Assist with account reconciliation 10% Monitor Federal financial aid awards Serve as backup in monitoring Federal and University financial aid awards for students who completely withdraw from the University or who become ineligible for funds Calculate the prorated percentage/new eligibility of earned aid and adjust financial aid awards in PeopleSoft-Campus Solutions Assist with annual review of any changes/revisions to federal regulations & apply updates to systems Communicate changes to students and staff Maintain files and documents related to adjustments/issues including manual computations and correspondence 10% Monitor Returned Checks and Holds Run returned check report from Wells Fargo CEO daily to identify the items that are related to financial aid and student accounts receivable Inform Scholarship/Loan Unit of returned check related to financial aid or SAA of returned check related to payments Process returned check charge onto student's account, place BC and comment, and send communication to student Process negative Department Deposit in EFS Maintain a returned check spreadsheet recording all entries of both the returned check information and the corresponding negative deposit documents. Forward a copy of the spreadsheet monthly to Accounting Services for their reconciling purposes. Remove BC holds on student account that is fully paid 5% Other Duties as Assigned Provide backup to other Office of Student Finance-Fiscal positions Participate in meetings, training sessions, and special projects as needed to contribute to the development, maintenance, and improvement of office procedures and function Monitor the Salesforce Fiscal Unit queue and process cases that pertain to my workflow as well as reassign cases to the appropriate party with updated information The employer reserves the right to change or add duties to this position as long as the changes and/or additions are consistent with the job classification. Qualifications Required Qualifications BA/BS or a combination of related education and work experience to equal four years Experience using Excel and Word Ability to effectively prioritize multiple tasks and navigate complex systems Preferred Qualifications Experience reconciling Return of Title IV/State of Minnesota/University of MN financial aid funds Experience working in financial aid Experience using PeopleSoft-Student, PeopleSoft-Financials, PeopleSoft query, and SalesForce. Experience with presenting and effectively communicating complex policy matters to a variety of audience Ability to accurately complete mathematical computations with high accuracy 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. Pay and Benefits Pay Range: $44,000.00 - $49,000.00; depending on education/qualifications/experience Time Appointment: 75%-100% Appointment Position Type: Civil-Service & Non-Faculty Labor Represented Staff Please visit the Office of Human Resources website for more information regarding benefit eligibility. The University 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 Employee Transit Pass with free or reduced rates in the Twin Cities metro area 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. A resume is required for a complete application. This position will remain open until filled. 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).