Loan Analyst – Perkins

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🏄 California, Hawaii, +4 more states – Remote

🏄 California – Remote 🌺 Hawaii – Remote 🌽 Illinois – Remote 🗽 New York – Remote 🌲 Oregon – Remote ☕ Washington – Remote

💵 $80k - $82k / year

⏰ Full Time

🟢 Junior

🟡 Mid-level

🧐 Analyst

🚫👨‍🎓 No degree required

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Central Research, Inc.

WebsiteLinkedInAll Job Openings

201 - 500 employees

Founded 2002

🏛️ Government

💸 Finance

IT Services • Government • Finance

Central Research, Inc. (CRI) is a trusted government contractor specializing in IT services, contact center operations, financial recovery solutions, and program support for both government agencies and commercial organizations. With over 20 years of experience, CRI offers a range of services including IT infrastructure management, help desk support, IT security, software development, and records management, all while maintaining high service and security standards. The company is dedicated to optimizing performance, managing costs, and providing qualified personnel to meet the specific needs of its clients.

📋 Description

• 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

🎯 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)