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Funding specialist vs service specialist

The differences between funding specialists and service specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a service specialist has an average salary of $44,150, which is higher than the $43,459 average annual salary of a funding specialist.

The top three skills for a funding specialist include data entry, excellent organizational and ACH. The most important skills for a service specialist are patients, social work, and criminal justice.

Funding specialist vs service specialist overview

Funding SpecialistService Specialist
Yearly salary$43,459$44,150
Hourly rate$20.89$21.23
Growth rate-3%-4%
Number of jobs47,806207,020
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 53%
Average age4440
Years of experience-12

What does a funding specialist do?

A Funding Specialist is in charge of facilitating the funding procedures of a company. They mainly function by identifying the funding needs of projects and programs, conducting extensive research and analyses, and developing plans and strategies to secure funding, all while adhering to the company's policies and regulations. Moreover, aside from planning, a funding specialist is also responsible for liaising with internal and external parties, establishing budget guidelines, preparing and processing documents, and resolving issues promptly and efficiently should any arise.

What does a service specialist do?

A service specialist is responsible for assisting customers with their inquiries and concerns about the services offered by the organization. Service specialists' duties include responding to customers' requests, updating customers of promotional offers and new services, escalating high-level concerns to the appropriate department, and keeping accurate records of clients' issues and resolutions. Service specialists are also in charge of preparing customer surveys to rate their satisfaction and identifying opportunities for service improvement. A service specialist must display excellent customer service and communication skills to address clients' concerns efficiently and accurately.

Funding specialist vs service specialist salary

Funding specialists and service specialists have different pay scales, as shown below.

Funding SpecialistService Specialist
Average salary$43,459$44,150
Salary rangeBetween $30,000 And $62,000Between $27,000 And $71,000
Highest paying CityUrban Honolulu, HIBoston, MA
Highest paying stateHawaiiMassachusetts
Best paying companyNorthern TrustRopes & Gray
Best paying industryFinanceTechnology

Differences between funding specialist and service specialist education

There are a few differences between a funding specialist and a service specialist in terms of educational background:

Funding SpecialistService Specialist
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 53%
Most common majorBusinessBusiness
Most common collegeWestern Carolina University-

Funding specialist vs service specialist demographics

Here are the differences between funding specialists' and service specialists' demographics:

Funding SpecialistService Specialist
Average age4440
Gender ratioMale, 36.9% Female, 63.1%Male, 40.1% Female, 59.9%
Race ratioBlack or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%Black or African American, 11.2% Unknown, 5.4% Hispanic or Latino, 20.9% Asian, 7.5% White, 54.2% American Indian and Alaska Native, 0.7%
LGBT Percentage11%7%

Differences between funding specialist and service specialist duties and responsibilities

Funding specialist example responsibilities.

  • Manage a variety of operational tasks for moderately complex securities transactions that require knowledge of vary systems and processes.
  • Assist the quantitative analyst in improving the work efficiency by optimizing VBA codes for the fund analysis.
  • Work daily with equities, fix income, futures, swaps, options, FX and other derivative instruments.
  • Facilitate month-end close processes, invoicing, journal entries and account reconciliations
  • Perform extensive market research in Bloomberg terminals and Capital-IQ to analyze companies.
  • Prepare PowerPoint presentations and updates of financial spreadsheets for internal and external distribution.
  • Show more

Service specialist example responsibilities.

  • Achieve personal sales and referral goals by identifying, marketing and cross-selling banking products and services beneficial to customer needs.
  • Educate veterans and the college community on veteran's benefits and academic requirements need to accomplish academic goals.
  • Provide notary service as requested.
  • Respond to medical emergencies, including first aid and CPR.
  • Organize the transition of file transfers of major TRS/NAS clients from FTP to MessageWay.
  • Follow all rules set by FDCPA and state agencies - pass all annual tests.
  • Show more

Funding specialist vs service specialist skills

Common funding specialist skills
  • Data Entry, 11%
  • Excellent Organizational, 9%
  • ACH, 7%
  • Quality Customer Service, 6%
  • Escrow, 5%
  • Loan Packages, 4%
Common service specialist skills
  • Patients, 12%
  • Social Work, 10%
  • Criminal Justice, 4%
  • Rehabilitation, 4%
  • Excellent Interpersonal, 4%
  • Product Knowledge, 3%

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