Loan Administrator

Michigan Technological University

United States, Michigan, Houghton

1400 Townsend Drive (Show on map)

Apr 11, 2025

Department: Financial Aid Administration

Summary	The Financial Aid Loan Administrator position requires an individual who is dynamic, student-oriented, and a critical thinker. This position is responsible for the overall administration of Federal Direct Loans and various private education loans. This position will perform a variety of duties associated with the Title IV financial aid eligibility evaluation process, including reviewing student and family financial aid information and determining the type and amount of financial assistance to be awarded. This position will require applicants to have a genuine interest in promoting student success.
Responsibilities and Essential Duties	* Administer and monitor all loans (Federal, private, and institutional) totaling $43 million annually which includes: o Over $25 million in the Federal Direct Loan Program (including subsidized, unsubsidized, Parent PLUS, and Graduate PLUS); and monitor the institutional obligations that accompany the program. o Over $17 million in private/alternative loans. o Over $100,000 in institutional TechAid loans. * Meet with and take phone calls from current and prospective students and families and assist them with understanding the financial aid process. * Provide excellent customer service and demonstrate empathy, understanding, and care in all student and family interactions. * Ensure the security and integrity of confidential student data. * Develop and maintain policies, procedures, forms and communications related to loan processing and Federal Direct Loan administration through interpretation and implementation of federal legislation. * Transmit electronic origination and disbursement data to and from the US Dept. of Education within the required timeframe, coordinate federal fund draw downs, and resolve conflicts and potential over awards. * Receive and process all alternative/private education loan certifications and monitor the institutional obligations that accompany the programs. * Present and provide coverage as needed for local financial aid information sessions, counselor sessions, financial literacy presentations, and Free Application for Federal Student Aid (FAFSA) nights. * Perform various need analysis functions using financial aid information submitted by applicants utilizing established federal, state and University standards and guidelines to determine financial need. * Assist with monitoring all federal, state, and University compliance and regulatory issues. * Prepare detailed reports and compile information concerning undergraduate financial aid and assigned programs as requested by the US Department of Education and University officials. * Other duties as assigned. SUPERVIORY RESPONSIBILITIES: Functional supervision may be exercised over student assistants.
Required Education, Certifications, Licensures	* Bachelors Degree
Required Experience	* Experience using complex databases with the ability to define specifications for database programming. * Skill and experience in project management and organizational effectiveness while maintaining strict attention to detail. * Experience using advanced features of Microsoft Office including Excel.
Desirable Education and/or Experience	* Experience working in a college or university financial aid office. * Experience with the Federal Direct Loan Program * Experience using Banner and/or Perceptive Content. * Public administration, accounting, banking, finance, or other business experience.
Required Knowledge, Skills, and/or Abilities	* Excellent interpersonal, customer service, and written/oral communication skills. * Demonstrated knowledge of proper grammar, spelling, and punctuation. * Demonstrated ability to explain and convey complex information. * Demonstrated ability to work independently and take initiative to solve problems. * Demonstrated ability to organize and prioritize work assignments independently in a complex work environment. * Demonstrated ability to work with accuracy and attention to detail. * Demonstrated ability to use appropriate judgement when dealing with highly confidential information. * Demonstrated ability to work well with others in a team environment. * Demonstrated ability to learn new computer skills and features.
Desirable Knowledge, Skills, and/or Abilities	* Advanced communication skills with the ability to communicate to a variety of audiences ranging from students, to parents, to faculty. * Demonstrated ability to independently organize, prioritize, and complete multiple work assignments in a complex work environment. * Ability to collect, analyze, interpret, and report data in a timely manner. * Demonstrated ability to explain and convey complex information. * Demonstrated ability to learn new computer skills.
Language, Mathematics and/or Reasoning Skills
Work Environment and/or Physical Demands	* Evening and weekend work will be required. * The employee is occasionally required to lift and/or move up to 25 pounds. * The noise level in the work environment is usually low to moderate. * The work environment is that of a typical office setting.
Required Training and Other Conditions of Employment
Full-Time Equivalent (FTE) % (1=100%)	1.00
FLSA Status	Exempt
Appointment Term
Shift
Pay Rate/Salary	Negotiable, No less than $45,000
Title of Position Supervisor	Associate Director of Financial Aid
Posting Type	Internal and External
Dependent on Funding	No
Special Instructions to Applicants (if applicable)	Please upload a cover letter, resume, and professional references.
Additional Information

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Other Conditions of Employment:
Please note that successful applicants are responsible for ensuring their eligibility to work in the United States (i.e. a citizen or national of the United States, a lawful permanent resident, a foreign national authorized to work in the United States without the need of an employer sponsorship) on or before the effective date of your appointment, and maintain eligibility without sponsorship throughout your appointment.

Michigan Technological University is an Equal Opportunity Educational Institution/Equal Opportunity Employer that provides equal opportunity for all, including protected veterans and individuals with disabilities.

If you require any auxiliary aids, services, or accommodations during Michigan Tech's hiring process please notify the Human Resources office at 906-487-2280 or hr-help@mtu.edu.