Job description
Position Details
- Responsible for payment processing reconciliation, including but not limited to investigation and reprocessing of all rejected and returned site payments and payment chargebacks
- Ensures all tracking is completed appropriately and within standard processing & control guidelines.
- Assists the Manager, SAR Operations – in the creation of Financial Operations metrics and other productivity reports as needed. Review and response for Student Payment Chargebacks.
- Helps promote financial literacy and a climate of financially responsible borrower behavior.
- Provides accurate and comprehensive financial information.
- Maintains the confidentiality and sensitivity of borrower accounts and financial circumstances.
- Remains even tempered when servicing customers by providing courteous service to all University staff, students, and third-party service providers.
- Interacts on a daily basis with other Rutgers University departments including Financial Aid, Accounts Payable, OIT and the other areas of Student Accounting Billing and Cashier Services.
- Collaborates with the university’s payment and refund partners, students, parents, scholarship sponsors, and one-stop student services.
- Uses strong analytical and accounting skills to analyze Student Payment records and process payments for student, sponsors, vendors and authorized users.
- Audits and reconciles daily payment reports to in accordance with generally accepted accounting principles (GAAP). Acts as liaison between the Office of Financial Aid for scholarship processing.
- Reconciles, investigates, provides problem resolution via business units (Accounts Payable, Procurement, Treasury) and updates student financial records.
Rutgers also offers a benefit program to eligible full-time postdoctoral fellow students. For details, please go to https://finance.rutgers.edu/healthcare-risk/insurance/postdoctoral-health-insurance.
- Bachelor’s degree or equivalent combination of education and/or experience.
- Two years of relevant experience.
- Knowledge and understanding of Federal, State and IRS regulations governing Title IV student loan programs, payment reporting and consumer credit.
- Accounting and finance experience.
- Knowledge of mainframe and PC data processing.
- Ability to communicate effectively in written formats.
- Verbal communication – the ability to speak clearly and effectively communicate information and ideas.
- Excellent customer services skills.
- Team player.
- Demonstrated ability to clearly express ideas, thoughts, and concepts verbally and/or in writing, as appropriate to the position and task at hand.
- Willingly cooperates and works collaboratively toward solutions which generally benefit all involved parties; and work cooperatively with others to accomplish departmental and university objectives.
- Able to focus efforts on identifying and meeting internal and external customer’s needs in a manner that provides satisfaction for the customer, within the parameters of the position and the available resources, cognizant of departmental and/or university policy and authorized practices.
- Must be able to multi-task to manage and complete several projects at the same time and successfully prioritize work.
- Ability to provide hands-on development of risk models involving legal, policy, and operational risk, assuring controls are operating effectively, and provide research and analytical support.
- Excellent quantitative and analytical skills, along with the ability to apply those skills across a variety of business processes.
- Excellent communication skills, integrity and professional ethics, business acumen, teamwork skills and attention to detail.
- Familiarity with the Federal Education Rights and Privacy Act (FERPA), GLBA, UDAAP, RedFlag, GAAP, NJ State Escheatment, TITLE IV and Title VII Financial Aid, Cash Handling Rules.
- Ability to conduct oneself at all times in an ambassadorial, committed, and personable manner demonstrating respect for the position, students/customers, fellow colleagues, departmental integrity, and the university’s best interest.
- Rutgers RUTAMIN IMS/SAR, FAMS, Banner, Banner Report Creation, Various Collection Third Party Payment/Refund Gateways, Oracle/PeopleSoft, Nelnet Cash register, Check scanner, ImageNow, Oracle Cloud GL, Sciquest, Microsoft Office Suite
- Experience working in a fast pace high-pressure environment with a demonstrated ability to remain even tempered when servicing all customers.