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Funding Manager Job Description

Job Descriptions January 3, 2014

Are you thinking about traveling down the path to Funding Manager? If you are good at communicating, writing reports and staying current on policy, this may be the right fit for you. Before you make a commitment to pursuing this career, there are a few things you should know.

According to the U.S. Bureau of Labor Statistics, your education is the first thing you should consider. Most prospective employers will require a Bachelor’s in Finance. But wait.. There’s more. A Funding Manager is not an entry level position. In addition to your education, you will need at least 5 years experience in the Finance area. Some Funding Managers have started out as accountants, or loan officers.

If you are willing to put the time and effort into getting a degree, then be sure to get the most of your work experience. Working as a loan officer is very beneficial to becoming a Funding Manager. In this position, you learn your lending products and policies. With a median salary of just over six figures, it’s worth digging the loan officer trenches to achieve Funding Manager.

All lending institutions need Funding Managers to oversee the flow of money. For starters, you will need to have good knowledge of loans for funding activities. You will also evaluate loan policies and procedures. Having experience as a loan officer is a benefit for Funding Managers because they need to know both the products they offer and the legalities of policy.

Understanding loan policies and being able to communicate them to employees and customers is extremely important. Aside from having complete knowledge of your offered products, you have to remain current on the legal aspects of funding. Laws and policies tend to change, so stay sharp, and do your homework.

Pursuing a career as a Funding Manager has its challenges. There are many roads to choose from, and it’s a matter of personal taste. You could choose to work for a company that specializes in consumer credit cards. There are many different types of credit cards. Some deal with bad credit and credit rebuilding, some are only for the credit elite. Some cards come with a yearly fee, while others do not. You would have to know everything about every single credit offering in the credit card world, as well as policy and procedure.

A very focused aspect of funding is the Mortgage Company. As a Funding Manager in Mortgage, you will also need to know your loans. There are pages of policy and law for every different type of Mortgage. Luckily, most lending and policy laws for mortgages are state specific. Meaning, it may be a bit easier to remember the legal aspects and stay current. You will need to understand and be able to communicate Lending flow, as well as payment systems.

If you choose to pursue a career as a Funding Manager in a bank, you will have constant homework to do. A Banking institution will have a vast array of lending products to offer, and you can’t just be ‘familiar’ with them. You have to know them all. You will have to know all aspects of lending, from procedure and policy on auto loans, to payment systems on mortgages, and every type of credit you offer.

Each type of funding has its own legal aspects, and you have to sustain proficiency. Laws, as well as policy, change often. No matter what area of Funding you choose, they all come with great responsibility, and you must stay current.

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  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
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  • Accelerated Programs
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  • Transferable Credits
5 Program(s) Found
  • Why Earn Your Degree from GCU?
  • Options: Choose from a variety of undergraduate and graduate degree programs in Business, Nursing, Psychology, Education & more!
  • Convenience: Complete courses online, on campus, or a combination of both!
  • Earlier Graduation: Our 4-credit courses allow you to complete your degree program in less time.
  • Transfer Friendly: We will request your transcripts, evaluate your graduate coursework, and determine your anticipated graduation date within 24 hours.
  • Quality: Grand Canyon University was founded in 1949 and is regionally accredited. Learn more today!
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  • Accredited
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  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
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  • The Value Investing (Online) program provides you with an integrated framework that teaches you how to identify opportunities for investment that others may miss. Apply Now.
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  • Follow in the footsteps of legendary investors like Warren Buffett and Mario Gabelli, who have been guided by these principles during their entire career.
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