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.

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Funding Specialist Responsibilities

Here are examples of responsibilities from real funding specialist resumes representing typical tasks they are likely to perform in their roles.

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.
Compile complex data from each department into presentation using PowerPoint for conference meetings.
Execute detailed operational procedures, such as management fee calculations and brokerage reconciliations.
Used Bloomberg terminal to collect information including industry activities and particularly corporate actions.
Analyze shipping documents, follow up on documentation discrepancies, troubleshoot and communicate effectively to correct any issues.
Collaborate with various operational units to ensure accurate processing and recording of original and adjust cost basis on securities.
Operate and troubleshoot complex tactical computer systems and networks, incorporating satellite communications, global position navigation and electronic charting systems.
Determine program eligibility for Medicaid, food stamp and cash benefits in accordance with current regulations using the computer-based eligibility system.
Review of HUD and Til sections of loan package to check accuracy and fair disclosure of credits and fees.
Assist the department in preparing for HUD audits that include gathering documentation to ensure adequate assessment of records and procedures.

Funding Specialist Job Description

Perhaps the hardest question to answer when deciding on a career as a funding specialist is "should I become a funding specialist?" You might find this info to be helpful. When compared to other jobs, funding specialist careers are projected to have a growth rate described as "as fast as average" at 5% from 2018 through 2028. This is in accordance with the Bureau of Labor Statistics. What's more, is that the projected number of opportunities that are predicted to become available for a funding specialist by 2028 is 72,100.

A funding specialist annual salary averages $43,459, which breaks down to $20.89 an hour. However, funding specialists can earn anywhere from upwards of $30,000 to $62,000 a year. This means that the top-earning funding specialists make $17,000 more than the lowest-earning ones.

It's hard work to become a funding specialist, but even the most dedicated employees consider switching careers from time to time. Whether you're interested in a more challenging position or just looking for a fresh start, we've compiled extensive information on becoming an operations coordinator, business developer, specialist-small business, and operations, senior specialist.

Learn More About Funding Specialist Job Descriptions

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5 Funding Specialist Resume Examples

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Eric Riley Funding Specialist Contact Information Miami, FL (650) 555-7637 eriley@example.com Skills Interview Process Human Resources Unemployment Claims Oversight EEO Procedures Personnel Files Special Projects Title Companies ADP Employment History Funding Specialist 2020 - Present SunTrust Banks Miami, FL Verify and examine information and accuracy of closed loan applications and closing documents. Educated borrowers about Fannie Mae, Freddie Mac, Private, VA and FHA lenders. Develop restructuring plans to assist clients in resolving delinquency and avoiding foreclosure. Funding Specialist 2019 - 2020 Science Applications International ... San Diego, CA Analyze and prepare income and expense accruals. Manage pipeline of residential mortgage loan applications. Helped monitor, distribute as well as process all loan applications among both east and west sites. Manage assigned calls to facilities/trucks using a variety of communication channels (i.e. Human Resources Associate 2018 - 2019 Science Applications International ... San Diego, CA Led manager training programs, ensuring knowledge of employee relations, performance management, talent development and other strategic HR areas. Implemented Performance Management system using Taleo. Synthesized information from interviews and formalized previously undocumented job descriptions for the Organization's National Staff Conference's positions. Education Bachelor's Degree Business 2015 - 2018 Ashford University San Diego, CA


Scott Martin Funding Specialist Contact Info Plano, TX (210) 555-9889 smartin@example.com Skills Loan ApplicationsHigh NETOversightLBOCorporate Financial StatementsPortfolioEnsure AccuracyIPOFinancial ModelsNew Customers Employment History Funding Specialist 2016 - Present Nationstar Mortgage Plano, TX Maintain compliance with FDCPA and state regulations. Maintain a current understanding of established policies, procedures and regulations relating to escrow. Evaluate loan applications and documentation by confirming credit worthiness. Loan Specialist 2012 - 2016 Countrywide Home Loans Plano, TX Point of contact for the customer during the loan process to answer questions, provide loan status updates. Process new loan applications using AdvantEdge and Edge systems assigning such loans to loan processors. Maintained a close relationship with loan officers to review loan status prior to loans being closed and funded. Investment Analyst 2010 - 2011 Converse Marion, IN Established an integrated risk management framework and implemented risk exposure reports. Executed domestic and international securities purchases and sales authorized by Portfolio Managers for all Scout Investment Clients. Facilitated Real Estate Committee decision making by creating informative, persuasive PowerPoint presentations. Served as Investor Relations contact person for client inquiries regarding our new online client portal. Education Master's Degree Finance 2011 - 2012 Indiana Wesleyan University Marion, IN Bachelor's Degree Business 2007 - 2010 Indiana Wesleyan University Marion, IN


Scott Martin Funding Specialist Plano, TX (210) 555-9889 smartin@example.com Experience Funding Specialist2016 - Present Nationstar Mortgage•Plano, TX Maintain compliance with FDCPA and state regulations. Maintain a current understanding of established policies, procedures and regulations relating to escrow. Evaluate loan applications and documentation by confirming credit worthiness. Loan Specialist2012 - 2016 Countrywide Home Loans•Plano, TX Point of contact for the customer during the loan process to answer questions, provide loan status updates. Process new loan applications using AdvantEdge and Edge systems assigning such loans to loan processors. Maintained a close relationship with loan officers to review loan status prior to loans being closed and funded. Investment Analyst2010 - 2011 Converse•Marion, IN Established an integrated risk management framework and implemented risk exposure reports. Executed domestic and international securities purchases and sales authorized by Portfolio Managers for all Scout Investment Clients. Facilitated Real Estate Committee decision making by creating informative, persuasive PowerPoint presentations. Served as Investor Relations contact person for client inquiries regarding our new online client portal. Skills Loan ApplicationsHigh NETOversightLBOCorporate Financial StatementsPortfolioEnsure AccuracyIPOFinancial ModelsNew Customers Education Master's Degree Finance2011 - 2012 Indiana Wesleyan University•Marion, IN Bachelor's Degree Business2007 - 2010 Indiana Wesleyan University•Marion, IN

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Funding Specialist Skills and Personality Traits

We calculated that 11% of Funding Specialists are proficient in Data Entry, Excellent Organizational, and ACH. They’re also known for soft skills such as Organizational skills, Communication skills, and Math skills.

We break down the percentage of Funding Specialists that have these skills listed on their resume here:

Data Entry, 11%
Completed data entry and filing of confidential records and documents according to customary standards.
Excellent Organizational, 9%
Exhibited excellent organizational, interpersonal, and customer relation skills.
ACH, 7%
Performed research of all bad debt accounts, outstanding checks, statements, bank information and all wire transfers including ACH.
Quality Customer Service, 6%
Traveled to different in house Mutual Fund Company's to assist in customer calls as well as quality customer service trading.
Escrow, 5%
Confirm updated escrow information, and final disbursements to creditors.
Loan Packages, 4%
Review mailed and electronic auto loan packages from dealership finance department associate for applicants approval for vehicle financing.

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"data entry," "excellent organizational," and "ach" aren't the only skills we found funding specialists list on their resumes. In fact, there's a whole list of funding specialist responsibilities that we found, including:

Organizational skills can be considered to be the most important personality trait for a funding specialist to have. According to a funding specialist resume, "financial clerks must be able to arrange files so they can find them quickly and efficiently." Funding specialists are able to use organizational skills in the following example we gathered from a resume: "saved over $3,000 monthly on dealer contracts through superior organizational and data entry skills. "

While it may not be the most important skill, we found that many funding specialist duties rely on communication skills. This example from a funding specialist explains why: "financial clerks should be able to explain policies and procedures to colleagues and customers." This resume example is just one of many ways funding specialists are able to utilize communication skills: "work with dealers to complete loan packages by the use of verbal and written communication. "

Funding specialists are also known for math skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a funding specialist resume: "the job duties of financial clerks includes calculating charges and updating financial records." We also found this resume example that details how this skill is put to the test: "assisted in the reconciliation to the general ledger by providing statistics and backup. "

See the full list of funding specialist skills.

After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a funding specialist. We found that 60.6% of funding specialists have graduated with a bachelor's degree and 6.5% of people in this position have earned their master's degrees. While most funding specialists have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every seven funding specialists were not college graduates.

Those funding specialists who do attend college, typically earn either a business degree or a finance degree. Less commonly earned degrees for funding specialists include a accounting degree or a communication degree.

Once you're ready to become a funding specialist, you should explore the companies that typically hire funding specialists. According to funding specialist resumes that we searched through, funding specialists are hired the most by BNY Mellon, U.S. Bank, and Sevita. Currently, BNY Mellon has 13 funding specialist job openings, while there are 13 at U.S. Bank and 6 at Sevita.

If you're interested in companies where funding specialists make the most money, you'll want to apply for positions at Northern Trust, University of California, Berkeley, and Baxter & Woodman. We found that at Northern Trust, the average funding specialist salary is $85,497. Whereas at University of California, Berkeley, funding specialists earn roughly $65,752. And at Baxter & Woodman, they make an average salary of $63,451.

View more details on funding specialist salaries across the United States.

We also looked into companies who hire funding specialists from the top 100 educational institutions in the U.S. The top three companies that hire the most from these institutions include Apple, United States Army Corps of Engineers, and Wells Fargo.

The three companies that hire the most prestigious funding specialists are:

BNY Mellon13 Funding Specialists Jobs
U.S. Bank13 Funding Specialists Jobs
UnityPoint Health6 Funding Specialists Jobs

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What Operations Coordinators Do

An operations coordinator's role is to oversee the progress of various departments in a company or organization, ensuring that all operations meet the set goals and adhere to the company's policies and regulations. An operations coordinator may also be responsible for supervising the procurement of supplies, contract negotiations, sales monitoring, and even maintenance operations within the company. Furthermore, they can also perform administrative duties such as communicating with clients through telephone and email, arranging schedules and appointments, producing reports and evaluations, training new employees, and serving as the bridge of information between different departments.

We looked at the average funding specialist annual salary and compared it with the average of an operations coordinator. Generally speaking, operations coordinators receive $1,525 lower pay than funding specialists per year.

While their salaries may differ, one common ground between funding specialists and operations coordinators are a few of the skills required in each craft. In both careers, employees bring forth skills like data entry, excellent organizational, and customer inquiries.

There are some key differences in responsibilities as well. For example, a funding specialist responsibilities require skills like "ach," "quality customer service," "escrow," and "loan packages." Meanwhile a typical operations coordinator has skills in areas such as "customer service," "logistics," "powerpoint," and "patients." This difference in skills reveals how truly different these two careers really are.

Operations coordinators really shine in the government industry with an average salary of $43,723. Whereas funding specialists tend to make the most money in the finance industry with an average salary of $45,803.

On average, operations coordinators reach similar levels of education than funding specialists. Operations coordinators are 1.2% more likely to earn a Master's Degree and 0.2% less likely to graduate with a Doctoral Degree.

What Are The Duties Of a Business Developer?

A business developer specializes in conducting in-depth business analysis and crafting various strategies that would not just help a business grow, but also strengthen client base and brand awareness. One of their primary responsibilities revolves around identifying areas in need of improvement. They come up with new services that will boost customer satisfaction, examining the potential for revenue and figuring out new opportunities from trends or other pre-existing programs within the company. All of this is conducted according to the vision, mission, and policies of the organization.

Now we're going to look at the business developer profession. On average, business developers earn a $58,176 higher salary than funding specialists a year.

But both careers also use different skills, according to real funding specialist resumes. While funding specialist responsibilities can utilize skills like "data entry," "excellent organizational," "ach," and "quality customer service," some business developers use skills like "healthcare," "crm," "customer service," and "work ethic."

Business developers may earn a higher salary than funding specialists, but business developers earn the most pay in the manufacturing industry with an average salary of $118,082. On the other side of things, funding specialists receive higher paychecks in the finance industry where they earn an average of $45,803.

In general, business developers study at higher levels of education than funding specialists. They're 6.1% more likely to obtain a Master's Degree while being 0.2% more likely to earn a Doctoral Degree.

How a Specialist-Small Business Compares

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.

Let's now take a look at the specialist-small business profession. On average, these workers make higher salaries than funding specialists with a $28,859 difference per year.

Using funding specialists and specialist-small businesses resumes, we found that both professions have similar skills such as "loan applications," "account maintenance," and "financial statements," but the other skills required are very different.

As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from funding specialists resumes, they are more likely to have skills like "data entry," "excellent organizational," "ach," and "quality customer service." But a specialist-small business might have skills like "customer service," "customer relationships," "business development," and "business portfolio."

Specialist-small businesses typically study at similar levels compared with funding specialists. For example, they're 1.4% more likely to graduate with a Master's Degree, and 0.1% more likely to earn a Doctoral Degree.

Description Of an Operations, Senior Specialist

A senior operations specialist is responsible for monitoring the company's operational processes and procedures and ensuring that the staff meets productivity goals according to business requirements and specifications. Senior operations specialists perform quality assessments to the methodologies, modify business plans as needed, and identify opportunities to increase efficiency. They also maintain the timely delivery of outputs and services to the clients and build the highest customer satisfaction. A senior operations specialist must have excellent communication and critical-thinking skills, especially in resolving process gaps and implementing quality standards.

The fourth career we look at typically earns higher pay than funding specialists. On average, operationss, senior specialist earn a difference of $40,355 higher per year.

According to resumes from both funding specialists and operationss, senior specialist, some of the skills necessary to complete the responsibilities of each role are similar. These skills include "data entry," "excellent organizational," and "ach. "

Even though a few skill sets overlap, there are some differences that are important to note. For one, a funding specialist might have more use for skills like "quality customer service," "escrow," "loan packages," and "loan applications." Meanwhile, some operationss, senior specialist might include skills like "customer service," "powerpoint," "project management," and "data analysis" on their resume.

Now, let's take a closer look at the financials in each career. The technology industry tends to pay more for operationss, senior specialist with an average of $88,210. While the highest funding specialist annual salary comes from the finance industry.

The average resume of operationss, senior specialist showed that they earn similar levels of education to funding specialists. So much so that the likelihood of them earning a Master's Degree is 0.9% more. Additionally, they're less likely to earn a Doctoral Degree by 0.1%.

Updated October 2, 2020