Central Research, Inc. logo
Central Research, Inc.

Leading provider of management, financial, and IT services for government and commercial clients.

Loan Analyst – Perkins

AnalystAnalystFull TimeRemoteMid LevelTeam 201-500Since 2002H1B No SponsorCompany SiteLinkedIn

Location

California + 5 moreAll locations: California | Hawaii | Illinois | New York | Oregon | Washington

Posted

4 days ago

Salary

$80K - $82K / year

Seniority

Mid Level

High School2 yrs expEnglish

Job Description

Loan Analyst – Perkins

Central Research, Inc.

• Review and analyze Perkins Loan borrower accounts to identify discrepancies involving principal, interest accrual, late fees, collection costs, and payment applications • Process complex account adjustments, including: Interest recalculations, Payment reversals and corrections, Deferment and forbearance updates, Loan cancellations (employment-based, military, etc.), Rehabilitation and write-off adjustments • Ensure all adjustments are fully documented and supported in accordance with the federal regulations and institutional audit standards • Coordinate resolution of account discrepancies with third-party servicer or collection agencies • Reconcile the Perkins Loan servicing system to the institution's general ledger and revolving fund on monthly and quarterly basis • Prepare and validate financial reports including: Outstanding principal and accrued interest, Delinquency and default aging reports, Cash receipts and collection activity, Cancellation and rehabilitation activity • Investigate and resolve variances between servicing reports and accounting systems • Support year-end close processes and assist in preparation of financial statements and required federal reporting • Provide documentation and schedules for internal and external audits, including Single Audit support • Ensure compliance with Federal Perkins Loan Program regulations and institutional policies • Monitor account activity to ensure proper billing, collection due diligence and regulatory timelines are met • Maintain audit-ready records for all financial transitions and account adjustments • Identify process weaknesses and recommend improvements to strengthen internal controls and reporting accuracy • Perform quality reviews of account transactions and portfolio data • Monitor trends in delinquency, deferment, forbearance, cancellation and default activity • Assist with data validation during systems upgrades or servicing transitions

Job Requirements

  • High school diploma or equivalent
  • Must be a US Citizen
  • Must be able to obtain and maintain a Department of Education 6C Security clearance
  • Must NOT be in default on any Federal Student Loans or defaulted loans that are guaranteed by the federal government (typically 270 days past due)
  • Felonies or misdemeanors within the last 7 years could cause an issue in obtaining a security clearance
  • Applicants who have monies in non-medical Collections exceeding $7,500 could also cause an issue in obtaining the required security clearance
  • 2+ years' experience responding to audits, reviews, detail the reconciliation of loan balances and payments
  • 1+ years' experience leading and coaching a team
  • Bachelor's degree in accounting, finance, or related fields and/or the equivalent through combination of education and/or experience (preferred)
  • 5+ years' experience in administrative support leadership role directing and managing teams on the student loan servicing contract or 5+ years' experience executing operational account tasks on the student loan servicing contract (preferred)
  • 5+ years of financial accounting/reporting and reconciliation experience (preferred)
  • Knowledge of systems and practices is commonly utilized in the occupation of a financial service organization (preferred)

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