Spec. Funding Reconciliation Agent-Remote position

We offer an extensive benefits package to our full-time employees after 30 days of employment, a matched 401(k) after 60 days, and Paid Time Off after 90 days.

Job Summary

The purpose of this position is to provide reconciliation support for The Office of Financial Aid. The
specialist is responsible for a variety of financial aid program reconciliations, monthly and year-end
program reconciliations. The specialist is also responsible for verifying that related transactions are
properly reported to the COD and NSLDS Systems within the prescribed regulatory timeframes. This
position reports to the Financial Services Manager and assists with administering financial aid programs
in accordance with all federal, state, and institutional regulations and policies.

Key Responsibilities

I. Supports Reconciliation Process for the Office of Financial Services
 Administers monthly reconciliation of all Title IV programs
 Works with applicable USDE (COD, NSLDS, G5, etc.) and CampusVue systems to perform
reconciliation
 Works closely with CRC Accounting and the Financial Services Disbursements team to ensure
accuracy in record keeping and timely processing of student loan disbursements
 Daily Balancing of the Federal Financial Aid Ledger
 Daily and Weekly Reconciles Education Payment Statement to cash flow
 Weekly verification that all accounts are in balance with Funds Management Report, Cash Flow,
and COD
 Verify General Ledger cash accounts tied to bank statements

II. Ensures compliance with company policies and procedures and federal regulations
 Thoroughly document reconciliation results for audit purposes
 Ensure timely and accurate transmittal of data to the Department of Education including but not
limited to: disbursing aid to student accounts, clearing rejects and errors, and originating loans
 Coordinate and complete semi-annual internal and required external financial aid audits
 Supports the Director in the execution of all audits and program reviews

III. Manages Accounting Activities for the Federal Work-Study process
 Responsible for the drawing of federal funds
 Management of the Federal Work-Study process as applies to the accounting department

IV. Supports the Office of Financial Services
 Seek opportunities to gain knowledge and implement more effective and efficient processes
 Other duties as assigned by the Financial Services Manager and Director of Financial Services

Experience Required:
 Minimum:
· HS Diploma or equivalent, or a Degree in Finance, Accounting, or a similar field from an accredited institution
   or equivalent work experience
· Demonstrated experience with billing systems, specifically student accounts

 Preferred:
· Bachelor’s Degree in Finance, Accounting, or a similar field from an accredited institution
· Working knowledge of federal/state government education regulations
· 1 to 3 years of related experience working in a higher education environment

Applicants must be authorized to work for any employer in the U.S. This job posting does not qualify to sponsor or take over sponsorship of an employment Visa for those who do not meet the work authorization requirements for employment in the U.S.

Ancora Education is committed to creating a diverse and inclusive work environment. We are an equal opportunity employer that maintains a policy of nondiscrimination with respect to all employees and applicants for employment. All employment decisions are made without regard to an individual's age, race, color, religion or creed, national origin or ancestry, sex (including pregnancy), sexual orientation, gender, gender identity, physical or mental disability, veteran status, genetic information, ethnicity, citizenship, or any other characteristic protected by law.