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Job opening: Loan Specialist (Commercial)

Salary: $69 107 - 107 680 per year
City: Fresno
Published at: Dec 26 2023
Employment Type: Full-time
This is a bargaining unit position with AFGE Local 228. This is not a (drug) testing designated position (TDP). This position is located in the Small Business Administration, Fresno Commercial Loan Service Center in Fresno, CA. The incumbent serves as a Loan Specialist in one of the Commercial Loan Service Centers and is responsible for performing servicing, purchase, or liquidation activities.

Duties

Performs a variety of tasks for servicing, purchasing and liquidating loans. Gathers and reviews facts and data relating to the loan balance, lien situations, collateral, interest of other creditors, and any assets of the borrower which may provide recovery to the Agency. Contacts lenders/Certified Development Companies (CDC's) to discuss the business, the loan situation and explore all available alternatives. Gathers information from borrowers, major creditors, and legal representatives to make recommendations to maximize recovery to the Agency and minimize loss to the obligor(s). Analyzes potential "work-outs" in common situations and develops recommendations for standard plans for repayment of the debt through restructured amortization, extended maturities, etc. Reviews and analyzes requests from direct borrowers or requests from participant lenders in relation to servicing, liquidating and purchasing loans. Makes recommendation on these requests to supervisor/team leader. Performs servicing, purchasing, and liquidation of delinquent loans or potentially delinquent loans. Reviews liquidation plans setting out the steps to be followed to achieve the orderly liquidation of the particular debt. Determines when all reasonable collection efforts have been exhausted and recommends that a loan be charged-off. Performs other related duties as assigned.

Requirements

  • You must be a U.S. Citizen
  • You must successfully complete a background investigation.
  • You may be required to serve a one-year probationary period.

Qualifications

GS-11: One year of specialized experience, equivalent to the GS-09 grade level in the Federal service, obtained in either the private or public sector: performing servicing, purchasing, and/or liquidation of consumer and commercial loans; and analyzing and identifying financial management problems and recommending appropriate action; and gathers and reviews borrowers data (i.e., loan balances, liens, collateral, assets) to determine potential recovery efforts. These qualifications must be clearly referenced in your resume. GS-12: One year of specialized experience, equivalent to the GS-11 grade level in the Federal service, obtained in either the private or public sector: performing servicing, purchasing, and/or liquidation of consumer and commercial loans; and analyzing and identifying financial management problems and recommending appropriate action; and gathers and reviews borrowers data (i.e., loan balances, liens, collateral, assets) to determine potential recovery efforts; and negotiates compromises in situations where settlement for less than the amount due is in the best interest of the government. These qualifications must be clearly referenced in your resume. Additional information on the qualification requirements is outlined in the OPM Qualifications Standards Handbook of General Schedule Positions. It is available for your review on OPM's Qualifications web site: Loan Specialist Series 1165 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, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. All qualification requirements must be met by 11:59 pm (Eastern Time) on 01/03/2024.

Education

Education may be substituted for experience for this position at the GS-11 level only.

If you do not meet the specialized experience requirements, you may also qualify with education. You MUST submit transcripts (official or unofficial) with this application if you wish to qualify based on education.

GS-11: A Ph.D. or equivalent doctoral degree or three full years of progressively higher-level graduate education leading to such a degree or LL.M. Such education must demonstrate the knowledge, skills, and abilities necessary to do the work. Transcripts (official or unofficial must be submitted in support of this response. If selected, official transcripts will be required.

Combination of Experience and Education:

GS-11: Combination of education and experience as specified above. For example, an applicant who has 1.5 full years of Ph.D. level education (i.e. 50% of education required) and 6 months of creditable specialized experience (i.e. 50% of the required experience) would equal 100% of the required experience for the position. Transcripts (official or unofficial must be submitted in support of this response. If selected, official transcripts will be required.

GS-12: Education may not be substituted for experience for this position.

APPLICANTS PLEASE NOTE: Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications (particularly positions with a positive education requirement.) Therefore, applicants must report only attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education. Verify School accreditation. All education claimed by applicants will be verified by the appointing agency accordingly. *** If you are using foreign education to meet qualification requirements, you must send a Certificate of Foreign Equivalency with your transcript in order to receive credit for that education. *** For further information, click on: Foreign Education.

Contacts

  • Address Fresno Commercial Loan Service Center 801 R Street Suite 101 Fresno, CA 93721 US
  • Name: Conor Ryan
  • Email: [email protected]

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