Indirect Lending Funding Specialist

Socket.dev; Norwich (CT); On-site; USD 52,000 - 68,000; Full time

Job summary

Socket.dev is seeking an Indirect Funding Specialist to serve as a key contact for dealerships, supporting funding operations and timely disbursements. You will process funding packages and handle related administrative tasks under the Team Lead, Indirect Lending.

In this onsite role at 350 Salem Turnpike, Norwich, CT, you’ll ensure accuracy, compliance with policies, and strong communication with dealers to avoid funding delays while learning industry regulations.

Qualifications

• Bachelor’s degree or equivalent combination of education and experience.
• Ability to read, analyze, and interpret business materials and regulations.
• Ability to write reports and respond to questions from management and dealers.

Responsibilities

• Collaborate with the funding team to ensure timely loan disbursements and compliance.
• Review loan packages to determine steps for complete processing and funding.
• Process dealer reserve chargebacks and execute disbursements.
• Build and maintain rapport with existing dealers of the indirect program.
• Correspond with dealers to obtain contracts and documents to prevent delays.
• Maintain attention to detail and multitask to sustain funding service levels.
• Engage with Loan Operations on indirect quality control and resolutions.
• Stay updated on auto industry news and value changes affecting the field.
• Ensure adherence to regulatory requirements including BSA, OFAC, and related laws.
• Comply with Credit Union policies, procedures, and guidelines.
• Perform additional duties to support the indirect lending program.

Skills

Attention to detail

Regulatory compliance

Dealer communications

Analytical reading

Education

Bachelor's degree

Job description

Description

Job Title: Indirect Funding Specialist

Department: Indirect Lending

Reports To: Team Lead, Indirect Lending

FLSA Status: Non-Exempt

Prepared Date: March 2026

Location: Onsite (350 Salem Turnpike)

SUMMARY

The Indirect Funding Specialist will serve as a key point of contact for dealerships regarding funding. The Indirect Funding Specialist will be responsible for providing exceptional service while supporting efficient funding operations. Responsible for processing funding packages and performing related administrative duties under the direction of the Team Lead of Indirect Lending, in accordance with established policies and procedures.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Collaborate effectively with the funding team to ensure timely loan disbursements while maintaining accuracy and compliance with all policies and regulations.
• Reviews loan packages and determine steps necessary to complete processing and funding in an accurate and timely manner.
• Process dealer reserve chargebacks and execute dealer reserve and loan disbursements.
• Builds and maintains a good rapport with the existing dealers of the indirect program.
• Correspond with dealers to obtain all necessary contracts and other required documentation to eliminate funding delays quickly and efficiently.
• The position requires attention to detail and the ability to multitask to maintain service levels for funding.
• Continually engage with Loan Operations regarding indirect quality control concerns. Responsible for addressing any quality control issues and providing resolutions.
• Keeps up to date on the auto industry through reading trade publications of auto values and news affecting the industry.
• Ensure adherence to all applicable regulatory requirements including, Fair Lending, Bank Secrecy Act (BSA), Office of Foreign Assets Control (OFAC), and any other applicable federal, state, or regulatory requirements.
• Maintain compliance with all Credit Union policies, procedures, and regulatory guidelines.
• Perform additional duties and responsibilities as assigned by management to support the overall success of the indirect lending program.

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements

EDUCATION and/or EXPERIENCE

• Bachelor's degree (B. A.) from four-year college or university, two to three years related experience and/or training; or equivalent combination of education and experience.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals.
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to analyze Federal tax returns.
• Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
• Basic understanding of NCUA and other applicable operating regulations, and various changes in laws.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand, walk, and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision, distance vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. The noise level in the work environment is usually moderate.