Job opening: LOAN ASSISTANT
Salary: $37 696 - 60 703 per year
Published at: Nov 08 2023
Employment Type: Full-time
This position is located in a State or Area Office in USDA/Rural Development (RD). It is a developmental position with duties designed for advancement to the next level of Loan Assistant, GS-1165-7 in the Community and/or Business Programs, with full potential to higher-level Loan Specialist positions.
There is one vacancy that may be filled at any of the locations listed.
This is NOT a remote position. The incumbent must report for work at the listed duty location.
Duties
Performs a variety of routine tasks as training, and to gain experience and technical competence in the methods, procedures, principles, theories, and techniques utilized in administering RD loan and grant programs.
Assist in the application processing and loan and grant servicing reviews for Community Program (CP) loans and grants, and/or Business Program (BP) loans and grants.
Examines supporting documents such as financial statements for business loans.
Will be assigned duties and projects to provide experience and competency for future more complex loan examining and servicing work.
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.
For GS-05 Specialized Experience: Applicants must possess three (3) years of general experience, one (1) year of which was equivalent to at least the GS-4 grade level: basic knowledge of loan examining and/or servicing principles, procedures and techniques as they apply to investigation, analysis, and evaluation of financial factors and credit risks in relation to the granting and servicing of mortgage, commercial, and municipal loans. Experience may have been gained in work equivalent to furnishing general information concerning loan programs, eligibility requirements, financial and credit requirements; reviewing loan applications for eligibility and financial soundness; and analyzing information provided by loan applicant and making recommendations to a higher-level loan specialist about loan eligibility OR possess 4-year course of study leading to a Bachelor's Degree. Equivalent combination of education and experience are qualifying for this grade level.
For GS-07 Specialized Experience: Applicants must possess one (1) year of specialized experience equivalent to at least the GS-05; or its non-Federal equivalent that demonstrates: knowledge and understanding of loan making/servicing and credit principles and practices in order to assess the fundamental soundness of and to independently examine applications, and servicing of mortgage, commercial and municipal loans and grants, supporting documents, and credit reports, and maintain servicing activities. Experience may have been gained in work equivalent to furnishing information to borrowers and applicants on loan programs, eligibility requirements, financial and credit requirements; analyzing information provided by loan applicants, determining eligibility for loans, and making loan recommendations to a senior employee; OR (1) full year of graduate level education OR Superior Academic Achievement (see definition of SAA below) OR an equivalent combination of experience and education as noted above are acceptable. Equivalent combination of education and experience are qualifying for this grade level.
Superior Academic Achievement is based on (1) class standing, (2) grade-point average, or (3) honor society membership.
1. Class standing - Applicants must be in the upper third of the graduating class in the college, university, or major subdivision, based on completed courses.
2. Grade-point average - Applicants must have a grade-point average of: 3.0 or higher out of a possible 4.0 as recorded on their official transcript, or as computed bases on 4 years of education, or as computed based on courses completed during the final two years of the curriculum; OR 3.5 or higher out of a possible 4.0 based on the average of the required courses completed in the major field or the required courses in the major field completed during the final 2 years of the curriculum.
3. Election to membership in a national scholastic honor society.
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: Christina Harvey
- Email: [email protected]