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University of Michigan

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500 S State St, Ann Arbor, MI 48109, USA

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"Business Analyst, Financial Aid Systems & Compliance"

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Business Analyst, Financial Aid Systems & Compliance

As a member of the Office of Financial Aid & Scholarships leadership team, the Business Analyst for Financial Aid Systems & Compliance serves as a functional and technical liaison between Financial Aid, Enrollment Management, and Information Technology. This role is responsible for optimizing financial aid systems, ensuring data integrity, maintaining regulatory compliance, and developing data-driven insights that support strategic decision-making. The Analyst will manage business processes, reporting, and automation within Ellucian Banner and other technical tools, while providing analytical support. The position plays a critical role in advancing operational efficiency, compliance, and the student experience through the use of technology and data solutions.

Systems & Data Management (60%)

  • Serve as an administrator and subject-matter expert for financial aid systems (e.g., Banner, ImageNow, Salesforce, Campus Logic suite).
  • Maintain and enhance Banner forms, rules, population selections, tables, and automated batch processes.
  • Manage annual setup (e.g., New Year rollovers, gift aid parameters, and packaging rules).
  • Test and implement system upgrades, regulatory updates, and new functionalities.
  • Coordinate business systems security, troubleshooting, and system access controls.
  • Ensure integrity of financial aid data through quality assurance, batch monitoring, and data reconciliation.

Compliance & Quality Assurance (20%)

  • In partnership with the Associate Director of Compliance & Customer Service, support internal audits and quality assurance reviews to ensure compliance with Title IV regulations and institutional policies.
  • Recommend process improvements that enhance compliance, efficiency, and service delivery.

Reporting & Data Analysis (10%)

  • Develop and maintain ad hoc queries and reports to support operational and compliance needs.
  • Use reporting tools (e.g., WebFocus, SQL, Argos) to analyze trends and produce actionable insights.

Training & Communication (10%)

  • Provide training to financial aid staff on system functionality, updates, and best practices.
  • Maintain detailed documentation of business processes, data definitions, and technical standards.
  • Represent the Office of Financial Aid in meetings related to systems, data governance, and compliance.
  • Foster strong partnerships with campus offices and external agencies to support operational alignment.

Required Qualifications

  • Bachelor's degree in Information Systems, Business, Computer Science, Finance, or related field.
  • Minimum of 3-5 years of experience in financial aid, systems administration, or higher education technology.
  • Knowledge of Title IV regulations and financial aid processes.
  • Experience with Ellucian Banner and integrated data systems.
  • Base knowledge of SQL and reporting tools.
  • Strong analytical, problem-solving, and documentation skills.
  • Excellent communication and collaboration skills across technical and non-technical teams.
  • Ability to manage multiple projects with attention to detail and deadlines.

Preferred Qualifications

  • Experience with document imaging systems (ImageNow), automation tools (UC4/Atomic), and CRM platforms (Salesforce).
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