Funding Coordinator

1 month ago

Minnetonka, United States Channel | Your Partner in Funding Full time

We’re looking for a Funding Coordinator to join our team

Our Funding Coordinators are 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 detailed 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, have excellent organizational and time management skills
  • Good interpersonal relationship skills and motivation for personal growth
  • Required knowledge of computer and proficient 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
  • Must be able to work in-office; this is not a remote work position
  • Previous experience as a Funding Coordinator or similar role
  • Demonstrated track record of accuracy and productivity


Who is Channel?

We are 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.


Since its founding in 2009, Channel has originated over 16,000 transactions funding over $1-billion and is one of a limited number of full-service, non-bank lenders successfully filling the gap in small business credit availability. Channel has five office locations in four states and has ranked among the 500/5000 fastest-growing private companies in the U.S. by Inc. magazine for 10 consecutive years.


The company offers a rewarding and flexible work environment and encourages innovation and team member development. Benefits include medical and dental plans plus HSA, 4 weeks PTO, an employer-match company 401K plan, life insurance, long-term disability insurance, and a hybrid schedule.


The Legalities

Channel 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.

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