Financial Aid Analysis and Optimization
- Analyze Financial Aid data to assess its effectiveness, efficiency, and equity in award distribution.Collaborate with the Financial Aid team to optimize aid packaging strategies.Identify trends and patterns in Financial Aid allocation and recommend adjustments when necessary.Identify opportunities for process improvement.
- Develop, manage, and maintain predictive enrollment models to improve the accuracy of targets for undergraduate applications, contracts, and Enrollments.Use predictive modeling techniques to forecast enrollment trends and assess the impact of potential changes in admissions and Financial Aid practices and policies.
- Be an integral part of the Enrollment participating in data analysis and strategy development.Work closely with campus partners outside of DEM. Examples include Office of Institutional Research, Office of Technology Services, and Administration and Finance. Provide data-driven insights to support decision-making related to admissions, Financial Aid, and Enrollment.Support various university committees with research projects related enrollment funnel conversion rates (yield, retention, graduation, etc.).
- Utilize complex data sets and statistical methods to analyze admissions, enrollment, retention, and Financial Aid trends.Collect, organize, and analyze admissions and Enrollment data to monitor progress towards enrollment targets.Develop and maintain admissions and Financial Aid dashboards and reports for senior leadership.Ensure the accuracy and integrity of admissions and Financial Aid data.Stay informed about regulatory changes and compliance requirements related to Financial Aid.
- Prepare mandated state and federal Financial Aid and admissions data collections. Examples include: IPEDS Student Financial Aid Collection, MHEC Application Information System (AIS), IPEDS Admissions collection, and MHEC Financial Aid Information System (FAIS), and Common Data Set (CDS).Remain up to date on relevant standards and ensure that TU’s submissions are compliant and accurate.Resolve any feedback from consistency and error checks.
- Prepare and deliver reports and presentations on admissions and Financial Aid trends for senior leadership and stakeholders.Communicate data-driven recommendations clearly and effectively.
- Stay current with industry best practices, benchmarks, and trends in Financial Aidand Enrollment management.Collaborate with various departments including admissions, finance, and academic departments to align admissions, enrollment, and Financial Aid strategies.Participate in special projects and initiatives related to Financial Aid, admissions, and Enrollment planning as assigned.
Qualifications and Skills
Required:
- Bachelor's degree in a related field (e.g., Statistics, Economics, Education, Business).Five years of relevant experience in Financial Aid analysis, enrollment planning, or a related area in higher education.Proficiency with software to extract data from enterprise systems and join data sets for analysis. Examples include SQL, SAS, and JMP.Proficiency in data analysis and reporting tools, such as Excel, Tableau, or similar software.Experience with predictive modeling and statistical analysis.Strong analytical and critical thinking skills.Excellent communication and presentation abilities.Familiarity with student information systems and Enrollment management software.Demonstrated ability to assess, strategize and operationalize with a data-driven/ data-informed approach.Demonstrated success in supporting and nurturing a diverse student body.Experience with promoting and/or supporting Diversity, Equity, and Inclusion (DEI) initiatives in Higher Education.Understanding of emerging best practices in strategic enrollment management.Ability to maintain sensitive and confidential records and information.
- Graduate degree in a related field (e.g., Statistics, Economics, Education, Business).Proficiency in coding or writing computer scripts (e.g., SAS, SQL, Python, R, etc.).Experience with Base SAS.Experience with PeopleSoft Campus Solutions.Knowledge of Financial Aid policies, regulations, and compliance in higher education.Experience preparing and submitting data collections to state and federal agencies.Ability to work in a fast-paced environment.Innovative and entrepreneurial mindset.Demonstrated dynamic leadership. Ability to think strategically and multi-dimensionally.Commitment to quality.Strong writing, editing, presentation, and communication skills.Ability to create and manage change.
Organization: Academic Affairs Division
Primary Location: Main Campus
Job Posting: Feb 7, 2024