Equipment Finance Funding Coordinator

Posted: 05/01/2022

Company Summary:

Based in Minnetonka, MN, Channel is a leading provider of financing for small and mid-size businesses utilizing customized technology and business processes. Channel operates an Equipment Finance division that leverages its strong balance sheet, technology, and risk analytics competencies, to support its third-party originators. At Channel, our team members are empowered and trained at all levels to make quick decisions to service our partners and ensure the flexibility and nimbleness required to successfully compete in today’s marketplace. The Equipment Finance offering brings a tremendous amount of growth and opportunity for motivated team members at Channel. If you have a desire and are driven to be part of a fast-growing, agile, and diverse organization with the opportunity to make a difference every day, Channel is the perfect home for you.

Since its founding in 2009, Channel has originated over 15,000 individual transactions generating receivables of over $800 million and is one of a limited number of full-service, non-bank lenders successfully filling the gap in small business credit availability. Channel has been ranked among the 500/5000 fastest-growing private companies in the U.S. by Inc. magazine for the nine consecutive years.

Channel offers a flexible work environment where we encourage innovation and team member growth. Industry-leading compensation includes a base salary plus an annual bonus designed to support company goals. Benefits include medical and dental plans, paid time off, an employer-match company 401K plan, life insurance, and long-term disability insurance plan.


Position Responsibilities:

Accountable for supporting all documentation workflow and onboarding of equipment finance transactions to the system, including critical review of fraud checks.

Responsible for building relationships with the referral network and providing phone/e-mail coverage for the team.

Accountable for following documentation procedures to process equipment finance 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. Ideal candidate would also have experience in working with titled vehicles.


Key responsibilities include:

  • Prepare equipment finance 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
  • Projects and other duties as required
  • Verbally confirm contract terms with the customer

Skills and 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
  • Friendly and personable
  • Strong verbal and written communication skills

Education and Qualifications:

  • 2-4 year degree preferred but not required
  • 2-5 years of experience in commercial equipment finance
  • Demonstrated track record of accuracy and productivity

Key Performance Indicators:

  • Monthly applications processed
  • Applications processed within SLA
  • Monthly dollars funded
  • Monthly units funded
  • Exact position and responsibilities will vary dependent on the candidate and the credentials they bring to Channel’s Equipment Finance division