Job opening: Loan Specialist (Commercial)
Salary: $57 118 - 89 835 per year
Published at: Aug 01 2023
Employment Type: Full-time
This position is located in an Area Office in USDA/Rural Development (RD). The incumbent has responsibility for making and servicing loans and grants for rural facilities, utilities, and/or businesses.
THIS IS NOT A REMOTE/VIRTUAL POSITION
Duties
Reviews and analyzes preapplications, applications and all supporting documents to determine loan or grant eligibility and inputs data into appropriate automated database system.
Performs comprehensive review and in-depth analyses of financial credit data documents germane to the loan application eligibility, feasibility, credit-worthiness and viability within assigned loan portfolio(s).
Prepares written loan approval determinations or recommendations for loan approval and submits to approving official as appropriate.
Conducts field site visits to determine a project?s conformance with loan requirements; monitors civil rights compliance; evaluates/mitigates and/or prepares environmental assessments; reviews key data to ensure multiyear forecasts are realistic.
Requirements
- You must be a US Citizen or US National
- Males born after 12/31/1959 must be Selective Service registered or exempt
- Subject to satisfactory adjudication of background investigation and/or fingerprint check
- Successful completion of one-year probationary period, unless previously served.
- Direct Deposit - Per Public Law 104-134 all Federal employees are required to have federal payments made by direct deposit to their financial institution
- Successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit E-Verify at https://www.e-verify.gov/
Qualifications
Applicants must meet all qualifications and eligibility requirements by the closing date of the announcement including specialized experience and/or education, as defined below.
GS-9: Applicants must have 1 year of specialized experience equivalent to at least the GS-07; or
its non-Federal equivalent that demonstrates: experience in performing loan making and/or loan
servicing duties such as regularly examining loan applications, supporting documents and credit reports, and maintaining servicing activities of somewhat complex loans and/or grants; assisting higher level loan specialists by performing assigned portions of financial credit analysis in connection with more complex loans as a way of acquiring training and competency for more difficult loan examining and servicing assignments OR master's or equivalent graduate degree OR 2 full years of progressively higher-level graduate education leading to such a degree or LLB. or J.D., if related. Equivalent combination of education and experience are qualifying for this grade level.
GS-11: Applicants must have 1 year of specialized experience equivalent to at least the GS-09; or
its non-Federal equivalent that demonstrates thorough knowledge and understanding of complex
mortgage or commercial loan making/servicing and credit principles and practices in order to assess the fundamental soundness of business, corporate or municipal loans and to independently examine applications and corporate financial documents, and maintain servicing activities on a variety of
mortgage and commercial loans. Experience may have been gained in work equivalent to analyzing financial information provided by loan applicants; determining eligibility for loans and repayment ability; reviewing and approving applications for agricultural, commercial, and bank loans; servicing the loan portfolio of a bank and other loan association: performing financial analysis of
commercial concerns for investment purposes; appraising real estate and business property to
determine property valuation, or similar work. OR Ph.D. or equivalent doctoral degree OR 3 full
years of progressively higher-level graduate education leading to such a degree or L.M., if
related OR a combination of education as
described and specialized experience.
Undergraduate and Graduate Education: Major study - finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other field related to the position, such as agriculture, agriculture economics, farm livestock and ranch management, or rural sociology.
NOTE: To be considered for this position, you must meet all qualification and eligibility requirements for the ???????GS-1165 series set forth in the Office of Personnel Management (OPM) Qualification Standards by the closing date of the announcement. A copy is available at: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.
Education
A transcript must be submitted with your application if you are basing all or part of your qualifications on education.
Contacts
- Address Rural Development
1400 Independence Ave SW
Washington, DC 20250
US
- Name: Sharidon Daniel
- Phone: 804-469-3311 X3005
- Email: [email protected]