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Operations servicing specialist vs funding specialist

The differences between operations servicing specialists and funding specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, an operations servicing specialist has an average salary of $45,716, which is higher than the $43,459 average annual salary of a funding specialist.

The top three skills for an operations servicing specialist include data entry, securities and powerpoint. The most important skills for a funding specialist are data entry, excellent organizational, and ACH.

Operations servicing specialist vs funding specialist overview

Operations Servicing SpecialistFunding Specialist
Yearly salary$45,716$43,459
Hourly rate$21.98$20.89
Growth rate10%-3%
Number of jobs99,47547,806
Job satisfaction--
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 61%
Average age4444
Years of experience--

What does an operations servicing specialist do?

An operations servicing specialist is in charge of developing strategies to optimize the daily operations in an organization. Among their responsibilities include gathering and analyzing reports, identifying the strengths and weaknesses of currents procedures, researching solutions against problem areas, generating leads, reviewing client feedback, and establishing policies and guidelines. They may address issues and concerns, resolving them promptly and efficiently to ensure client satisfaction and optimal services. Moreover, an operations servicing specialist may create projects and coordinate activities while adhering to the company's policies and regulations.

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.

Operations servicing specialist vs funding specialist salary

Operations servicing specialists and funding specialists have different pay scales, as shown below.

Operations Servicing SpecialistFunding Specialist
Average salary$45,716$43,459
Salary rangeBetween $31,000 And $66,000Between $30,000 And $62,000
Highest paying CityNewark, NJUrban Honolulu, HI
Highest paying stateNew JerseyHawaii
Best paying companyMicrosoftNorthern Trust
Best paying industryTechnologyFinance

Differences between operations servicing specialist and funding specialist education

There are a few differences between an operations servicing specialist and a funding specialist in terms of educational background:

Operations Servicing SpecialistFunding Specialist
Most common degreeBachelor's Degree, 63%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Operations servicing specialist vs funding specialist demographics

Here are the differences between operations servicing specialists' and funding specialists' demographics:

Operations Servicing SpecialistFunding Specialist
Average age4444
Gender ratioMale, 43.9% Female, 56.1%Male, 36.9% Female, 63.1%
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 operations servicing specialist and funding specialist duties and responsibilities

Operations servicing specialist example responsibilities.

  • Manage a variety of operational tasks for moderately complex securities transactions that require knowledge of vary systems and processes.
  • Maintain current knowledge of ACH rules, proper procedures, and regulations.
  • Change ACH options on SACH to auto or manual for cash deposits or withdrawals on investment brokerage accounts.
  • Oversee direct deposit enrollment and benefits enrollment organizing and faxing forms to corporate payroll and outsourcing company to ensure employee enrollment.
  • Experience in training associates in nightly and monthly processes such as NAV and dividend processing.
  • Document and confirm overnight cash levels of funds and NAV calculations with the custodian bank.
  • Show more

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

Operations servicing specialist vs funding specialist skills

Common operations servicing specialist skills
  • Data Entry, 11%
  • Securities, 6%
  • PowerPoint, 6%
  • Strong Customer Service, 6%
  • Booking, 5%
  • CRM, 5%
Common funding specialist skills
  • Data Entry, 11%
  • Excellent Organizational, 9%
  • ACH, 7%
  • Quality Customer Service, 6%
  • Escrow, 5%
  • Loan Packages, 4%

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