Financial Aid Consultant @ Self Employed Independent Consultant
Director of Student Finance @ Corinthian Colleges
Bachelor of Science (BS), Economics/Math @
Experienced and knowledgeable Operations and Finance Aid Manager. Well versed operations and Financial Aid Advisor with comprehensive working knowledge of the Finance and Accounting Industry. Multifaceted budget expert concentrating on analysis and disbursement operations with a proven track record of increasing efficiency and decreasing unnecessary spending. Proficient in working with senior level officials to effectively define and
Experienced and knowledgeable Operations and Finance Aid Manager. Well versed operations and Financial Aid Advisor with comprehensive working knowledge of the Finance and Accounting Industry. Multifaceted budget expert concentrating on analysis and disbursement operations with a proven track record of increasing efficiency and decreasing unnecessary spending. Proficient in working with senior level officials to effectively define and disseminate policy to all echelons. Extensive experience with various organizations in state and federal government. Effective communicator with exceptional interpersonal and public relations capabilities.
Assistant Director of Operations, Financial Aid @ Administer and conduct ongoing statistical reviews on all financial aid programs; Assist IT Department with the implementation, modification, and/or refinement of a computerized data processing system (Banner). Maintain day-to-day responsibility for the Banner Financial Aid module, overseeing all systems processing. Write and update rules, population selections, and other functional/technical aspects of the system. Troubleshoot problems as they arise and recommend and carry over appropriate resolutions. Extract data from Banner; merge with external data, create reports, and conduct data analysis to support decision making for Enrollment Management and Student Success. Interface with other departments to coordinate programs, services and policies. Counsel students and parents regarding financial aid programs. Forecast spending trends to facilitate data-based decision making on modifying spending rates according to budget allocations. Assist in preparation of statistical reports and evaluations, and complex funding applications. Participate in program and statistical reviews/audits; provide for the implementation of resulting recommendations. Maintain expertise in all areas of financial aid so that the department can plan and react positively to constantly changing Federal, State and institutional postures concerning student assistance. Evaluate assessment findings and make recommendations for action plans as appropriate within the WEAVE online assessment system. Compile state, federal, and external reports. Select, supervise, train and evaluate department staff. Train Financial Aid staff to understand and use the Banner system; prepare and process program requests for timely and accurate record keeping. From November 2013 to Present (2 years 2 months) Financial Aid Consultant @ Reviewed Financial Aid system and processes to make recommendations to increase efficiency. Helped with correcting R2T4 calculator and Pell Adjustment processes. Reviewed students Pell and Loan eligibility for accuracy and made adjustments to follow Federal, State, and Institution requirements. From June 2013 to November 2013 (6 months) Director of Student Finance @ Implemented and managed processes to decrease bad debt by 6% in 1.5 years. Followed Federal guidelines for monthly disbursement of 12 million dollars in annual Federal Financial Aid. Decreased late refunds by 5% in 1.5 years 4.5% below federal Guidelines. Processed re-entries, repacks, drop calculations, and followed Federal, State and Accreditation guidelines. Managed 7 direct reports, and over 300 students. Cleared C-Codes, Professional Judgments, and Verification. Managed Financial Literacy and Exit Counseling. From January 2012 to June 2013 (1 year 6 months) Campus President @ Created, monitored, and managed a $12 million campus budget through profit and loss statements to increase profit by 40% and over 30% Earnings Before Interest and Taxes (2nd out of 24 campuses). Served as the primary coordinator of the renovation and expansion of the campus while simultaneously maintaining operation above standards. Advisor to the Department of Education, State Council of Higher Education for Virginia, and regional accreditation counsels. Maintained oversight of financial and operational requirements provided by Senior Leadership. Responsible for daily research and problem solving of budget inconsistencies. Effectively communicated with lower tier support officers to define operational support needs and process requests in a timely manner. Successfully led over 70 employees, 7 direct reports, and an average of 600 students. From October 2009 to June 2011 (1 year 9 months) Director of Finance @ Implemented and managed processes to decrease bad debt by 12% in one fiscal year. Followed Federal guidelines for monthly disbursement of 12 million dollars in annual Federal Financial Aid. Rated best point of contact for customer service by student surveys 2 years in a row. Decreased late refunds by 5% in a two year period which was 4% below federal Guidelines. Lowest Bad Debt, Lowest AR Days, Lowest Late Refunds, and Best Accuracy and Timeliness for file processing in Division of 24 campuses for 6 quarters in a row. Processed re-entries, repacks, drop calculations, and Return to Title IV following Federal, State and Accreditation guidelines. Managed a range of 2 to 7 direct reports, and over 300 students. From October 2007 to October 2009 (2 years 1 month) Director of Finance @ From March 2007 to October 2007 (8 months)
Bachelor's degree, Economics with Mathematics @ Hampden-Sydney College From 1996 to 2001 Bachelor of Science (BS), Economics/Math @ Hampden-Sydney College From 1996 to 2001 Jacob Witt is skilled in: Higher Education, Staff Development, CampusVue, Student Financial Aid, Enrollment Management, Leadership Development, Educational Leadership, Student Development, Campus, Student Affairs, Admissions, Leadership, Academic Administration, Accreditation, Student Recruiting, Adult Education, Public Speaking