Funding Coordinator

Channel | Your Partner in Funding; Minnetonka (MN); On-site; USD 40,000 - 60,000; Full time

Benefits offered by this job

Medical, dental, and vision plans

Life insurance and disability plans

Generous PTO policy

Employer-match company 401K plan

Job summary

A leading provider of funding solutions is seeking a Funding Coordinator in Minnetonka, MN. This entry-level role involves preparing loan documents, verifying requirements, and maintaining customer accounts. Ideal candidates are detail-oriented, adaptable, and have strong communication skills. The company offers a flexible work environment and comprehensive benefits including medical, dental, and a 401K plan.

Qualifications

• Must multitask and adapt to change.
• Detail-oriented with strong organizational skills.
• Good interpersonal skills and motivation for personal growth.
• Previous experience in a similar role is preferred.

Responsibilities

• Prepare loan and business advance documents.
• Verify requirements and fraud checks before funding.
• Ensure compliance with company standards.
• Foster relationships with internal staff and partners.
• Maintain customer accounts.

Skills

Multitasking

Detail-oriented

Excellent organizational skills

Time management skills

Interpersonal relationship skills

Proficiency in Microsoft Office

Strong math skills

Strong verbal communication skills

Strong written communication skills

Education

2-4 years degree preferred

Previous experience as a Funding Coordinator

Tools

Microsoft Excel

Microsoft Word

Job description

1 day ago Be among the first 25 applicants

Direct message the job poster from Channel | Your Partner in Funding

Funding Coordinators are accountable for supporting all documentation workflow and boarding of working capital transactions to the system, including critical review of fraud checks. Responsible for building relationships with the referral network and internal team and providing phone/e-mail coverage for the team. Accountable for following documentation procedures to process loan/advance documents, image documents received, and handle funding requests from referral sources. The best candidates will be detail-oriented, comfortable reviewing key provisions of the document with clients prior to funding, team-oriented, and eager to be a part of a rapidly growing business.

Key Responsibilities

• Prepare loan and business advance documents
• Verify all requirements are met and fraud checks are complete prior to funding
• Ensure compliance with company standards and procedures
• Foster good working relationships with internal staff and partners
• Maintain customers and accounts within system of record
• Generate funding and audit worksheets for Accounting
• Verbally confirm contract terms with the customer
• Projects and other duties as required

Skills & Specifications

• Must be able to multitask and be highly adaptable to change
• Must be detail-oriented with excellent organizational and time management skills
• Good interpersonal relationship skills and motivation for personal growth
• Required knowledge of computer programs and proficiency in Microsoft Office (Excel and Word)
• Strong math and analytical skills
• Strong verbal and written communication skills

Education & Qualifications

• 2-4 years degree preferred but not required
• Previous experience as a Funding Coordinator or similar role
• Demonstrated track record of accuracy and productivity
• Open to candidates based in Minnetonka MN, Marshall MN, Des Moines IA, and remote (US)

Key Performance Indicators

• Monthly applications processed
• Applications processed within SLA
• Monthly dollars funded
• Monthly units funded

Who We Are

Channel is a leading provider of equipment finance and working capital funding solutions for small businesses, exclusively through Equipment Finance Companies. Utilizing customized technology and business processes, a strong balance sheet, and risk analytics, Channel provides single-source financing that supports third-party originators and their customers who have business growth opportunities and a need for capital.

Established in 2009, Channel is the only full-service independent lender offering a single-source solution for equipment finance and working capital exclusively through equipment finance companies for their small and midsize business customers. The company is headquartered in Minnetonka, MN, with additional offices in Atlanta, GA, Des Moines, IA, and Marshall, MN.

Channel empowers and trains team members at all levels to make quick decisions in service to our relationships and ensure the flexibility and nimbleness required to compete in today’s marketplace. Channel is the perfect workplace for those who are motivated and have a desire to be part of a growing, agile, and diverse organization where they can make a difference every day.

The company offers a flexible work environment and encourages innovation and team member development. Benefits include medical, dental, and vision plans with HSA and FSA options; life insurance and disability plans; along with a generous PTO policy and employer-match company 401K plan.

Channel Partners is an equal opportunity employer. We consider all qualified applicants without regard to age, race, color, religion, sex, sexual orientation, gender identity, national origin, genetic information, national origin, disability, veteran status, marital status, family status or any other basis prohibited by law. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Seniority Level

Entry level

Employment Type

Full-time

Job Function

Administrative and Finance