Funding Specialist II Salary at Medallion Bank BETA

How much does a Medallion Bank Funding Specialist II make?

As of March 2025, the average annual salary for a Funding Specialist II at Medallion Bank is $49,139, which translates to approximately $24 per hour. Salaries for Funding Specialist II at Medallion Bank typically range from $43,055 to $56,319, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Medallion Bank Overview

Website:
medallionbank.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

At Medallion Bank, we have nearly 20 years of experience putting the needs of our dealers, contractors and strategic partners at the forefront. We understand the importance of having a reliable and trustworthy lending source. Our team will help you build a credible reputation as you offer friendly, affordable financing options to your customers. Medallion Bank specializes in providing consumer loans for the purchase of recreational vehicles, boats and home improvements, and offering loan origination services to fintech partners. The Bank works directly with thousands of dealers, contractors and financial service providers serving their customers throughout the United States. Medallion Bank is a Utah-chartered, FDIC-insured industrial bank headquartered in Salt Lake City with an office in Bothell, Washington, and is a wholly owned subsidiary of Medallion Financial Corp.

See similar companies related to Medallion Bank

What Skills Does a person Need at Medallion Bank?

At Medallion Bank, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Procurement: Procurement is the process of finding and agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. Procurement is used to ensure the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and price fluctuations. Procurement generally involves making buying decisions under conditions of scarcity. If sound data is available, it is good practice to make use of economic analysis methods such as cost-benefit analysis or cost-utility analysis.
  2. Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
  3. Contract management: Managing agreements, from their creation to execution by the chosen party and the eventual termination of the contract.
  4. Purchasing: Purchasing refers to a business or organization attempting to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Typically the word “purchasing” is not used interchangeably with the word “procurement”, since procurement typically includes expediting, supplier quality, and transportation and logistics (T&L) in addition to purchasing.
  5. Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

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Check more jobs information at Medallion Bank

Job Title Average Medallion Bank Salary Hourly Rate
2 Contractor Specialist $73,268 $35
3 Customer Service Manager $82,340 $40
4 Manager, Business Intelligence & Analytics $147,257 $71
5 Senior Vice President & Chief Financial Officer $362,646 $174
6 Software Developer $101,659 $49
7 Assistant Funding Manager $78,395 $38
8 Internal Auditor $64,500 $31
9 Loan Officer $53,770 $26
10 Loan Officer II $63,122 $30
11 Loan Specialist $60,038 $29
12 Sales Operations Specialist $73,992 $36

Hourly Pay at Medallion Bank

The average hourly pay at Medallion Bank for a Funding Specialist II is $24 per hour. The location, department, and job description all have an impact on the typical compensation for Medallion Bank positions. The pay range and total remuneration for the job title are shown in the table below. Medallion Bank may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $49,139 look to you?

FAQ about Salary and Jobs at Medallion Bank

1. How much does Medallion Bank pay per hour?
The average hourly pay is $24. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Medallion Bank?
According to the data, the highest approximate salary is about $56,319 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Medallion Bank?
According to the data, the lowest estimated salary is about $43,055 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.