Federal Student Aid Compliance Auditor

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Summary

Internal audits are a key part of higher education institutions, helping to ensure compliance, manage risk, and improve operations. The Higher Education Act (HEA) requires participating schools to meet certain standards and expectations to be eligible to receive Title IV. The Federal Student Aid Compliance Auditor is responsible for internal quality assurance through the implementation and handling of on-site compliance audits at multi-locations of American Career College and West Coast University.

The audit functions are designed to provide the organization with objective, independent appraisals of control processes within the regulatory requirements set forth by FSA Guidelines. In this role, the Federal Student Aid Compliance Auditor will plan and execute a comprehensive audit plan each year that is focused on FSA and Title IV compliance.

Essential Functions & Responsibilities

• As directed, perform regulatory compliance audits of schools, to include written reports of audit results, including recommendations for corrective action and compliance with federal laws and regulations focused on Title IV and institutional aid programs.
• Audit plan will focus on identifying high-risk areas including: Return of Title IV; Satisfactory Academic Progress, Verification; Professional Judgment; Packaging and over-awards, Disbursement Controls; and Cash Management.
• Perform follow-up audits within a specified time-period to ensure regulatory compliance.
• Communicate results of audits to school and corporate management in verbal and written formats in a timely manner.
• Keep internal compliance management informed of audit progress, schedules changes, regulatory issues requiring immediate and/or detailed attention, and other issues that arise, as applicable.
• Ensure effective closure to audit findings by working with applicable campus staff/department to ensure comprehension, development, and execution of corrective/preventive action with regards to any nonconformity cited during audit.
• Track qualitative and quantitative functional areas of compliance through creation of reports; analysis of data; and recommendations for corrections/preventative steps/measures to be incorporated into policy and procedures.
• Develops/modifies audit checklists as regulatory requirements change.
• Maintains knowledge and understanding of regulatory and accreditation standards and requirements.
• Participates in professional development and organizations in order to maintain an understanding of current regulatory environment.

Minimum and Preferred Qualifications

• Bachelor's degree or higher. Degree in Accounting, Finance, or Public Administration highly preferred.
• 3-5 years experience in Title IV administration or public accounting with single auditor experience.
• Strong knowledge of Title IV regulations and DOE audit standards.

Experience & Skills

• Knowledge of state, federal and local laws/regulations relating to programs, governmental compliance and other regulatory standards related to Title IV.
• Demonstrated ability to comprehend and apply multiple sets of regulations to an individual situation.
• Ability to meet timely responses to requests for approvals, audits or surveys.
• Ability to promote/maintain a cooperative work environment.
• Ability to understand compliance and regulatory issues in a highly ethnic and culturally diverse student and associate community.
• Ability to use effective communication skills, both oral and written, including complex proposals and presentations, and effective listening skills.
• Ability to effectively use interpersonal skills, follow through with duties, and provide attention to detail.
• Ability to use creative facilitation and conflict resolution skills to resolve difficult and sensitive issues.
• Excellent analytical and organizational skills.
• Ability to analyze data, prepare necessary reports, evaluate and analyze program effectiveness and resource utilization.
• Ability to self-direct, self-pace, multi-task and function well under pressure of deadlines and conflicting priorities.
• Ability to work with individuals at all levels of the organization.
• Ability to exercise good judgment.
• Willingness to work a flexible schedule
• Ability to travel/drive locally on a weekly, daily and/or on an as needed basis.

CA Salary Range

USD $78,458.19 - USD $113,753.20 /Yr.

Bonus Eligible

No

WCU Company Overview

Do you want a career that allows you to make a difference in other people’s lives? Discover what it means to truly believe in the work that you do at West Coast University.

At West Coast University, we have the privilege of educating students seeking careers in healthcare and guide them through their transformational journey from student to caregiver. Our associates are united behind that purpose and share a deep commitment to our values of teamwork, collegiality, transparency, and a student-centric approach to all we do. This focus creates an aligned, nimble, and consensus-driven culture that is solution-oriented and supports our associates’ professional growth.

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