Director of Student Financial Services

Are you a financial aid leader looking for your next opportunity?  Are you interested in a career with stability and where you can make a difference in the lives of others?  Rasmussen College is looking for the right people to join our team and develop a career with substantial opportunity for advancement!  We are a fast growing company with expanding opportunities and we’re looking for individuals with sales experience, confidence, a strong work ethic, and a belief in the power of education.  

We are currently seeking a Director of Student Financial Services to join our Romeoville/Joliet, IL campus.

Overview

The Director of Student Financial Services is accountable for the leadership of the Financial Aid and Student Accounts departments.  The director is a member of the campus management team and is responsible for the operations and administration of all student financial programs and ensuring that policies and procedures comply with state, federal and Rasmussen’s regulations.  The position requires strong managerial leadership background and financial aid leadership in order to administer the overall financial aid process, student services and cash flow of the campus.

Reporting Structure

The Director of Student Financial Services is accountable to the Campus Director with dotted-line reporting to the National Director of Student Financial Services.  The financial aid officers, financial aid planners and student accounts managers on a campus report to this position.

Primary Job Responsibilities and Expectations

Manage Financial Aid Team

• Hire, train and supervise financial aid officers and financial aid planners.  This includes planning, assigning, and directing work; and resolves employee complaints and problems.  Conducts performance evaluations to effectively manage and develop the staff.

·           Administer of all of the financial aid programs that the campus participates in including loans, Pell, work-study and grants.

• Determine student eligibility and awarding of financial aid.  Monitors student academic progress to ensure students on probation are not awarded financial aid.
• Ensure students are packaged timely in order be able to start classes knowing how they are going to pay for school.
• Reconcile and prepare all requested financial aid tracking and metric reports accurately and on time.
• Process refunds accurately and in a timely manner as required by the Department of Education and the state.

Manage Student Accounts / Accounts Receivable

• Hire, train and supervise student accounts managers. This includes planning, assigning, and directing work; and resolves employee complaints and problems.  Conducts performance evaluations to effectively manage and develop the staff.
• Ensure financial aid packaging is resulting in timely drawing of financial aid funds.  This includes achieving the objectives set in terms of amount of cash received during the quarter
• Direct SAM to help make the bookstore process simple for students and minimal cost to the College.
• Responsible for the accounts receivable balances on the campus, both in school and out of school collections

Identify additional funding sources

• Work with established lenders to ensure continued access to FFELP and alternative lending.
• Identify additional lending resources, especially for alternative lending.
• Identify community resources available to help students pay for college such as community foundations, scholarship funds, etc.
• Prepare analysis of student funding environment, sources and uses.

Internally Audit department to ensure compliance

• Monitor and respond to changes in the regulatory environment from Congress, to the DOE to the States.
• Internally audit financial aid files to ensure clean audits and regulatory compliance.
• Assist in preparing for audits, both internal and external, to create a smooth process.

Benefits:

Rasmussen College, Inc. is a fast growing company. We work in a highly energized and entrepreneurial environment. Our competitive salary and benefits package includes health, dental, vision and life insurance, paid vacation/holidays, short and long term disability policies, and 401K. We also offer generous tuition scholarships for employees and immediate family looking to pursue their undergraduate and/or graduate degrees.

About Us: 

Rasmussen College, Inc. is a premier provider of online educational experiences delivering Bachelor’s, Master’s, Doctoral, and Associate’s degree programs through its network of 16 campuses and partnerships with leading universities. With more than 900 employees, Rasmussen is a fast growing company with a highly energized and entrepreneurial environment. The competitive salary and benefits package includes health, dental, vision and life insurance, paid vacation/holidays, short and long term disability policies, and 401K. Rasmussen also offers generous tuition scholarships for employees and immediate family looking to pursue their undergraduate and/or graduate degrees. For more information on Rasmussen College, Inc., please visit our website at http://corporate.rasmussen.edu/.  

Rasmussen has offices in Chicago, Orlando and the Twin Cities, and campuses in 5 Midwest and Southeast states. 

TO APPLY:  Please send word attached resume and cover letter to [Click Here to Email Your Resumé]. 

• Bachelor’s Degree in Business, Finance, Accounting or related discipline.  
• Minimum of three to five years of relevant, hands-on experience in leading a college financial aid department, preferably in a competitive college environment.
• Minimum of three years experience managing a diverse workforce in a fast-paced environment.
• Proficiency in MS Office Suite, with an emphasis on Outlook, Word, Excel and PowerPoint. Must have good command of the English language, in both oral and written form.
• A professional appearance and phone manner is essential
• Proven track record of increasing responsibility and success. 
• Demonstrated ability to work effectively without direct supervision.
• Comfortable working in an entrepreneurial environment, blazing new trails.
• Able to build relationships with external lending partners and the community to find additional funding sources for students.
• Analytical skills with the ability to solve problems develop creative solutions and report trends and forecasts. 
• Experience in managing and collaborating with internal and external resources in a matrixed organization
• Strong leadership, team management and negotiation skills.
• Strong organizational, problem solving and presentation skills. 
• Excellent communication and interpersonal skills.
• Willing to travel approximately 10%.