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Funding specialist vs specialist-small business

The differences between funding specialists and specialist-small businesses can be seen in a few details. Each job has different responsibilities and duties. Additionally, a specialist-small business has an average salary of $72,318, 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 specialist-small business are customer service, customer relationships, and business development.

Funding specialist vs specialist-small business overview

Funding SpecialistSpecialist-Small Business
Yearly salary$43,459$72,318
Hourly rate$20.89$34.77
Growth rate-3%10%
Number of jobs47,80674,941
Job satisfaction--
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 63%
Average age4444
Years of experience--

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 specialist-small business do?

A small business specialist develops new business programs to meet changing customer demands. They are responsible for ensuring integrity and consistency in the domain of business. They analyze causes of a business issue, obtain business data, and make enquiries. They are responsible for making purchase agreements, confidentiality arrangements, and joint venture arrangement.

Funding specialist vs specialist-small business salary

Funding specialists and specialist-small businesses have different pay scales, as shown below.

Funding SpecialistSpecialist-Small Business
Average salary$43,459$72,318
Salary rangeBetween $30,000 And $62,000Between $41,000 And $124,000
Highest paying CityUrban Honolulu, HI-
Highest paying stateHawaii-
Best paying companyNorthern Trust-
Best paying industryFinance-

Differences between funding specialist and specialist-small business education

There are a few differences between a funding specialist and a specialist-small business in terms of educational background:

Funding SpecialistSpecialist-Small Business
Most common degreeBachelor's Degree, 61%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Funding specialist vs specialist-small business demographics

Here are the differences between funding specialists' and specialist-small businesses' demographics:

Funding SpecialistSpecialist-Small Business
Average age4444
Gender ratioMale, 36.9% Female, 63.1%Male, 57.7% Female, 42.3%
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, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage11%11%

Differences between funding specialist and specialist-small business 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

Specialist-small business example responsibilities.

  • Lead the consumer sales and all service functions within a banking center.
  • Develop new business strategies, increase target market sales and manage it by using different prospecting, tracking and selling methods.
  • Manage a portfolio in various stages of workout including liquidation, refinancing, restructure, rehabilitation, bankruptcy and litigation.
  • Respond, adhere and remain compliant with all consumer and business customer request.
  • Automate risk management strategies and regulatory compliance requirements through the bank's loan origination system.
  • Develop revenue enhancing opportunities target to consumers, marketing weight loss products and relate education to multiple healthcare providers.
  • Show more

Funding specialist vs specialist-small business skills

Common funding specialist skills
  • Data Entry, 11%
  • Excellent Organizational, 9%
  • ACH, 7%
  • Quality Customer Service, 6%
  • Escrow, 5%
  • Loan Packages, 4%
Common specialist-small business skills
  • Customer Service, 13%
  • Customer Relationships, 10%
  • Business Development, 7%
  • Business Portfolio, 7%
  • Business Administration, 6%
  • Business Accounts, 4%

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