Bursar manages and oversees operations of student, faculty, and staff accounts. Provides leadership and direction for tuition and fee structure, financial aid resources, billing and receivables, petty cash, and payments. Being a Bursar is the custodian of institutional funds. Ensures compliance with university, state, and federal regulations and standard accounting procedures. Additionally, Bursar requires a bachelor's degree. Typically reports to a top executive officer. The Bursar typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Bursar typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)
POSITION PURPOSE
This position is responsible for ensuring all funds, including Title IV funds and alternative funds, are posted to the student accounts properly and timely. Ensure all refunds due are processed within guidelines of accrediting agencies, the state, and the Department of Education. A Bursar is also required to ensure all drop and cancel students have the required Return to the Title IV calculations performed in a timely manner, and that such students have a letter with the summary of their student account.
JOB FUNCTIONS, DUTIES AND RESPONSIBILITIES
Education
Experience/Skills