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Accountant – Reconciliation & Reporting, SFA

Employer
Northern Kentucky University
Location
Highland Heights, Kentucky, United States
Salary
Salary Not Specified
Date posted
Apr 10, 2024
Posting Details

Position Information

Working Title
Accountant – Reconciliation & Reporting, SFA

Department
Student Financial Assistance

Compensation Title
Accountant, SFA Reconciliation/Reporting

Position Number
30000149

Position Status
Regular

Work Schedule

Monday through Friday 8:15am to 4:30pm. Some weekend and evenings are required throughout the year.

Hours per Week
37.5

Months per Year
12

Commitment to Inclusive Excellence

Northern Kentucky University is an Equal Opportunity/Equal Access/Affirmative Action institution. We embrace inclusiveness, equity, and global awareness in all dimensions of our work and seek excellence through diversity among our students, administrators, faculty, and staff. Application by members of diverse groups is encouraged.

Purpose of Position

This role, reporting directly to the Associate Director of Compliance and Processing, holds a central position in overseeing the preparation, processing, reconciliation, reporting, and maintenance of financial and accounting documentation for federal, state, and institutional financial aid programs.

The incumbent navigates the complexities of compliance, ensuring adherence to regulatory standards, and plays a crucial role in maintaining the accuracy and integrity of financial records associated with various aid programs.

With a meticulous approach, the individual actively engages in the reconciliation processes, addressing potential discrepancies, contributing to the generation of timely and accurate reports and effectively collaborating with the management team.

Primary Responsibilities

Fiscal Operations Management:
  • Work closely with the Associate Director to oversee fiscal operations of financial aid programs.
  • Manage budgeting, monitoring, reconciling, and reporting federal, state, and institutional financial aid funds, including work-study.
  • Prepare and submit financial aid state, federal, and institutional reports, including FISAP .
  • Coordinate oversight and drawdown of federal funds, reconciling ProSAM systems with Federal COD systems, including SAP .
  • Assist in the Direct Loan Program reconciliation process.
  • Collaborate with the management team and lead in responses to yearly audit findings. Serve as the department expert on matters related to account drawdown of federal and state funds.

Internal Fiscal Audits
:
  • Conduct internal fiscal audits.
  • Provide recommendations to the Office of Financial Assistance management team on detected fiscal issues related to federal, state, and institutional financial aid policies, rules and regulations.
  • Communicate effectively with internal and external stakeholders regarding financial aid matters.
  • Analyze financial aid data to identify trends, patterns, and areas for improvement.
  • Present findings to the management team and contribute to strategic decision-making.

Operational Support, Training and Reporting
:
  • Provide support to operations staff to resolve processing errors.
  • Determine the source of errors and make recommendations for corrections to sub-systems.
  • Train staff by explaining issues and resolutions.
  • Compile and submit other reports/analysis as requested.
  • Analyze financial aid data to identify trends, patterns, and areas for improvement.
  • Present findings to the management team and contribute to strategic decision-making.
Qualifications

Bachelor’s Degree in Accounting, Finance, or a related field and 4 years of related experience. A strong foundation in accounting principles and financial management is crucial for this role.

Strong Communication Skills
Proficient in both verbal and written communication.

Interpersonal Skills:
Ability to work effectively with individuals from diverse backgrounds.

Problem-Solving Ability:
Demonstrated capability to analyze and solve complex problems.

Attention to Detail:
Exceptional attention to detail in handling financial and accounting documentation.

Computer/Technical Skills:
Proficient in MS Office and relevant technical skills required for financial reconciliation and reporting.

Minimum Education
Acceptable Equivalency

Preferred Education
Bachelor's Degree

Minimum Experience
4 years

Salary
Minimum $42,549/ Annually

Pay Grade
S70

Posting Detail Information

Requisition Number
2024S2009

Job Open Date
04/10/2024

Job Close Date

Open Until Filled
No

Quick Link
https://jobs.nku.edu/postings/13797

Is this an internal only posting?

Supplemental Questions

Required fields are indicated with an asterisk (*).

  1. * Describe your experience with financial aid processes and procedures

    (Open Ended Question)

Documents Needed to Apply
Required Documents
  1. Resume
  2. Cover Letter/Letter of Application
Optional Documents
  1. References


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