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Job · Minneapolis, MN · Full time

Operations Specialist Lead

Educational Credit Management · Public & Societal Benefit · $265M budget · 340 staff · Since 1994

Why Educational Credit Management

FY2024 · Form 990Its mission and biggest programs, as filed

Provides financial counseling, loan guarantees, and default prevention resources to help student loan borrowers and postsecondary institutions manage educational debt.

  • Bankruptcy servicing:ecmc services and monitors the bankruptcy cases on ffelp student loans currently under chapter 7 or 13 of the bankruptcy code. The bankruptcy loans are transferred from the u.s. Department of education (ed) and other guaranty agencies for processing…$50.5M spent in FY2024
  • Default aversion, claims and collection program:in ecmc's role as a federal student loan guarantor, we perform default prevention activities, reimburse lenders for default and other types of claims, and recover defaulted student loans. Default prevention program: ecmc has a robust…$17.2M spent in FY2024
  • Loan guarantee program:ecmc is the designated guaranty agency for california, connecticut, illinois, louisiana, maine, missouri, north carolina, oregon, rhode island, south carolina, tennessee, utah and virginia under the federal family education loan program (ffelp). A guaranty agency under ffelp provides…$12.8M spent in FY2024

Before you apply

FY2024 · Form 990Independent: from IRS data, not the org
Pays its leaders
$187K–$599K
8 officers reported
Fine: from the org's Form 990.
Pt VII · Sec A
Budget
$261.6M
spent in FY2024
Fine: from the org's Form 990.
Pt I · Ln 18
Staff
340
employees
Fine: from the org's Form 990.
Pt I · Ln 5–6
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Surplus or deficit
+1%
of revenue, FY2024
Looks good: revenue was at least expenses in the latest filing.
Pt I · Ln 19
Cash reserves
2 mo
of spending, in cash and securities
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file
IRS status
501(c)(3)
tax-exempt since 1995
Looks good: listed by the IRS.
IRS BMF
Looks goodFineWorth a lookConcernTap a box for the reason.

About the role

The org's own posting, as written

ECMC Group is a nonprofit corporation focused on helping students succeed. Headquartered in Minneapolis, ECMC Group and its family of companies provide financial tools and services, as well as funding for innovative programs to help students achieve their academic and professional goals.

Job Summary

Under limited supervision, assists with the coordination of daily workflow in the Claims department. Researches and answers escalated questions or higher-level processes from other team members. Conducts department training and provides quality assurance measures to ensure compliance and regulatory requirements are met successfully. This position is classified as hybrid and requires attendance in office, Monday - Wednesday in Minneapolis, MN. Essential Duties and Responsibilities Monitors, evaluates and provides feedback on the quality of work performed by team members to ensure accuracy and compliance.

Acts as a liaison between ECMC and service providers who have a vested interest in claims processing. Acts as point of contact for information requests. Analyzes data and trends related to department performance metrics to make recommendations for improving results to leadership. Resolves data inconsistencies or inaccuracies through contact and collaboration with internal customers. Updates department procedures, ensuring that all team members fully understand them.

Works on departmental projects and work requests, tracking and reporting on progress to ensure timely implementation Stays current with regulations to ensure departmental practices comply with applicable regulations, laws and statutes. Maintains confidentiality of information regarding team member performance. Ensures team members manage their workload and fulfill assigned tasks on a daily and weekly basis. Acts as the main point of contact for team member questions on daily work assignments; escalates issues as needed to manager. Creates work requests and conducts system testing as needed. Assists with the facilitation of staff meetings and team-building activities.

Performs other duties and responsibilities as assigned. Required Qualifications High school diploma or GED 5+ years of relevant work experience 3+ years of experience in a claims environment or similar business function Intermediate proficiency with mathematical skills and concepts Intermediate proficiency in Microsoft Office suite or Mac Office, specifically with Word and Excel applications Preferred Qualifications Working knowledge of the student loan industry/regulations The hourly range for this position is $26.50-$33.00 per hour.

Actual hourly pay may vary based upon, but not limited to relevant experience, time in role, peer and market data, prior performance, business sector and geographic location. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed above are representative of the knowledge, skill, and/or ability required. Reasonable…

Read the full posting

About Educational Credit Management

From its Form 990

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