Financial Services – Loan Coordinator

Position: LOAN COORDINATOR

GENERAL SUMMARY:

Coordinate and Process Federal and Private student loans for undergraduate and graduate students.

PRIMARY DUTIES AND RESPONSIBILITIES:

Essential functions of the job: Download and Import daily reports from ELM, OpenNet, COD, EdConnect. Notify students of loan documents still required to certify student loan and parents if further information is required for a Parent Plus Loan. If all of required information has been received, certify loans and schedule disbursements. Keep up to date on all federal loan regulations.

Periodic Responsibilities: Provide Entrance and/or Exit Counseling for students. As students withdraw, return any loan funds per Return to Title IV. Provide NSLDS loan information to each graduated, withdrawn and students who leave without proper notification. Attend training (state conferences, Federal Student Aid training, NASFAA training, etc.) related to loans.

Calendar of Functions:

• Daily
  • Download reports from ELM, COD, Mapping Your Future, CARS
  • Update CLAS and CGES Loan StatUS
  • Contact CLAS Students concerning incomplete paperwork.
  • Certify any complete loans in CARS for Stafford Loans and in ELM for outside loans.
  
  
• September – Pull non-returning students, provide NSLDS information and Exit Counseling to each.
• December – Contact Potential December Grads, provide NSLDS info and Exit Counseling.
• April – Contact Potential Spring and Summer Grads, provide NSLDA info and Exit Counseling.
• Summer – Contact all returning and new students and provide information on the FAFSA and obtaining loans.
• Other duties as assigned.

EDUCATION AND EXPERIENCE QUALIFICATIONS:

Required training/experience:

• Excellent customer service skills.
• Excellent oral and written communication and organizational skills.
• Must be able to perform in a fast-paced environment and be multi-task and detail oriented.
• Must be able to deal with difficult people.

Special instructions/processing/helpful hints: In binder next to the computer there are detailed Instructions for signing in to websites, processing of data, loan timeline, etc.

Stafford and Plus Loans are certified in CARS through the Loan Module.

PHYSICAL REQUIREMENTS:

• Must be able to sit for long periods of time, with detailed computer work.
• Must be able to speak in a clear voice

OTHER SKILLS AND ABILITIES:

Private Loans are certified in ElmNet and OpenNet (SallieMae Loans only). Disbursement Rosters are sent to the Business Office for comparison to ACH Deposit Reports.

Additional Stafford Loan processing info: After loans are certified and in Loan Tracking (b) COD) and (a) Export COD Batch, be sure to choose the “D”for the Financial Award Type. Transmit the COD Batch through EdConnect: 1) Go to your ‘pcfin’ directory, locate most recent export Batch crdl12in…something. Go to My Computer, Local Disk(c), IAM, Data, copy and paste from ‘pcfin’. 3) login to EdConnect and go to File and then transmission que, copy and paste export file ant then do the transmission. You will then Import the crdl12op… file after the DL batch shows it has been processed in COD in CMU’s Batch Report. Then complete the Import by reversing the process above. There might be some rejected records and you will need to investigate each for the reason they were rejected and correct accordingly. When Stafford Loans are accepted by COD, release (book) the Loan disbursements in Loan Tracking (b) COD. The loan disbursements which are accepted will be released for each session individually as long as student has enrolled hours in that session. Eg: Fall11. EX111, GRFA11. After these loan disbursements have been booked with COD, post loan disbursements by sessions in CARS through the loan module. Print report in Loan Tracking: (g) G/L Acct Trans for Excel. Compare daily posting in 1035 Account to COD to Balance.

OTHER INFORMATION AND ATTRIBUTES:

Review of applications will begin immediately and continue until the position is filled. Click below to apply and contact our Human Resource’s department if you have further questions or concerns HR@centralmethodist.edu or 660-248-6899.

Apply Today

CMU Employees provide collegial, collaborative contributions to their areas and the University as a whole. They should stimulate a harmonious, productive and inviting work environment that is customer service oriented. Each must maintain a commitment to the mission and purposes of CMU. Central Methodist University is an Equal Opportunity Employer.

The above statements are intended to describe the general nature and level of the work being performed by people assigned to this work. This is not an exhaustive list of all duties and responsibilities associated with it. CMU management reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.

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