Accounts Receivable and Loan Analyst

Employer
Colorado School of Mines
Location
Colorado, United States
Salary
Salary Not Specified
Posted Date
Jul 11, 2022

View more

Position Type
Administrative, Academic Affairs, Librarians & Library Administration, Business & Administrative Affairs, Financial Affairs, Student Affairs, Financial Aid
Employment Level
Administrative
Employment Type
Full Time


Position Title Accounts Receivable and Loan Analyst The Opportunity

Under the direction of the Assistant Bursar, the Collections and AR Loan Analyst is responsible for ongoing analysis of the University's accounts receivable, collections, and loans to ensure proper collection efforts, balances, and communication to students and other campus constituents. A vital portion of these responsibilities is done through maintaining reconciliations between external systems and the University's ERP system, in both the finance and student modules. This position acts as the University liaison with third party collection agencies and the loan servicer so they are required to possess strong analytical and critical thinking skills. This position will also provide regular support to other positions within the Office of the Bursar.

Responsibilities

Loan Portfolio Management
  • Tracks University-funded loan disbursements and reports them to loan servicer.
  • Completes electronic loan exit paperwork for student borrowers who are graduating or below part-time status.
  • Posts loan payments to the Banner Finance system and reconciles multiple loan funds.
  • Approves uncollectable loans for assignment to third party collection agencies.
  • Works with borrowers on deferment, forbearance and cancellation paperwork in accordance with Department of Education guidelines.
  • Processes defaulted Perkins Loans back to the Department of Education.
Reconciliation and Analysis
  • Completes monthly reconciliations for past due student accounts and loan funds within the Banner Finance system.
  • Completes reconciliation of account balances between the University and collection agencies and between the University and the loan servicer.
  • Completes a strategic analysis of all collection accounts and recommends collection strategies to the Assistant Bursar.
Customer Service
  • Advise students, sponsors, and parents about tuition and fees and other related charges. Responsible for heavy volume of oral and written correspondence with students, collection agencies, and parents.
  • Coordinates with Financial Aid, Admissions, the Registrar's Office, and other departments to resolve student issues related to tuition and fees.
  • Answers email and telephone calls with professionalism and clarity. A general knowledge of campus activities is required to be able to direct questions to the appropriate department/individual
Collection of Delinquent Receivables
  • Proactively initiates outbound calls to contact delinquent debtors to secure payment and/or negotiate repayment arrangements. Arrangements must be documented via electronic agreement/signature and plans are be monitored for compliance.
  • Resolves student complaints by researching accounts and correcting discrepancies. Knowledge of registration, payment deadlines, drop dates, tuition and fees structure, financial aid, College Opportunity Fund (COF), the Student Financial Responsibility Agreement, University policy, etc. is required to effectively resolve issues.
  • Determines when accounts are uncollectible and assigns them to a third party collection agency.
  • Reports collection accounts to the Department of Revenue for tax offsets.
  • At times, position will work with University departments to assign non-student accounts to collections.
  • Posts/reports payments on collection accounts and reconciles balances between systems.
  • Researches bankruptcy filings on the PACER system.
Minimum Qualifications
  • A bachelor's degree from an accredited institution in accounting or related field.
  • A bachelor's degree that includes 27 semester hours in accounting or auditing coursework will substitute for the degree requirement.
  • Experience with Collections with knowledge and understanding of state and federal collection regulations, including the Fair Debt Collection Protection Act.
  • Experience in an AR module within Banner or a similar system.
Preferred Qualifications
  • Experience working in a higher education institution.
  • Aptitude for understanding and applying complex State and Federal Regulations.
  • Ability to meet multiple deadlines and deliver a quality, error free product.
  • Analyzation and problem solving skills including the ability to use independent judgment.

About Mines & Golden, CO
Mines is consistently ranked among the top engineering colleges in the United States and ranks number one as the best public school in the state for best value colleges. Mines is located in the heart of Golden, Colorado, a western suburb of Denver. The campus location offers a small-town ambiance with close proximity to all that the Denver metropolitan area has to offer with an abundance of cultural events, museums, theaters and sporting venues. An arid climate and an average 300 days of sunshine per year make the area an ideal place to live, work and play. We seek individuals who value a diverse and inclusive community – offering different perspectives, experiences, and cultures that enrich the educational and work experience. Equal Opportunity

Colorado School of Mines is committed to equal opportunity for all persons. Mines does not discriminate on the basis of age, sex, gender (including gender identity and gender expression), ancestry, creed, marital status, race, ethnicity, religion, national origin, disability, sexual orientation, genetic information, veteran status or current military service. Further, Mines does not retaliate against community members for filing complaints regarding or implicating any of these protected statuses.

Mines’ commitment to nondiscrimination, affirmative action, equal opportunity and equal access is reflected in the administration of its policies, procedures, programs and activities and in its efforts to achieve a diverse student body and workforce.

Through its policies, procedures and resources, Mines complies with federal law, Colorado state law, administrative regulations, executive orders and other legal requirements to prevent discrimination (including harassment or retaliation) within the Mines campus community and to address potential allegations of inequity or concerns for safety.

Pay Range

$ 60,500 - $62,000

Mines takes into consideration a combination of candidate’s education, training and experience as well as the position’s scope and complexity, the discretion and latitude required in the role, work location, and external market and internal value when determining a salary level for potential new employees.

Total Rewards Mines is proud to provide exceptional benefits that include pay, health & wellness and work/life balance offerings. Our portfolio of benefits includes medical, dental, vision, disability insurance, flexible spending accounts, life insurance, and retirement savings plans. Additionally, Mines employees are eligible for tuition benefits (for employees and dependents), generous paid holidays and leaves and discount programs. For more information, visit Mines benefits . How to Apply Applicants will be asked to complete an online application (personal information, demographic information, references, veterans status) and upload a resume and cover letter (required). References will not be contacted until later in the selection process and you will be informed before that contact is made. Background Investigation Required Yes COVID-19 Vaccine Requirement This position will require documented proof of full COVID-19 vaccination or exemption because of a medical or religious exclusion. New employees will be required to provide attestation to their status with proof of vaccination upon hire. Religious and medical exemptions and reasonable accommodation shall be addressed as required by law pursuant to the Equal Employment Opportunity Commission’s vaccination guidance.


Advertised: Sep 20, 2022 Mountain Daylight Time
Applications close:

Get job alerts

Create a job alert and receive personalized job recommendations straight to your inbox.

Create alert

Similar jobs