This position is with the Small Business Administration, Citrus Heights 7a Loan Guaranty Processing Center with a duty station in Hazard, Kentucky. The incumbent serves as a Loan Specialist and is responsible for evaluating loan applications for program eligibility and creditworthiness requiring experience with business structures and financial statement analysis.

Duties

* Evaluates commercial loan requests which might contain limited information, and investigates essential application characteristics to determine if the applicant business is eligible for the 7(a)/504 program and if it is properly structured, meets collateral and other requirements, and includes all other necessary conditions. * Determines if the requested funds are to be used for eligible purposes and determines if the applicant business falls within SBA's small size standard. * Assesses managements' experience and past performance to determine the potential for successful operation of the business and investigate essential commercial credit factors to determine the merits of granting the loan with the assurance of repayment. * Prepares reports on the merits of applicants' commercial loan request, addressing eligibility and overall credit quality, and makes recommendations to approve or decline commercial loan requests. If approval is recommended, structures loan terms and conditions suitable to protect the interests of the Government and prepares a Loan Authorization. If decline is recommended, drafts a letter clearly explaining the reason(s) for decline. * Explains SBA commercial loan programs and associated credit risk factors to lenders, and discusses commercial loan eligibility, loan structure, and credit factors with lenders and lending partners/CDCs. * Performs other duties as assigned. This is a bargaining unit position with AFGE local 228. This is not a (drug) testing designated position (TDP).

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-09 Specialized Experience: One year of specialized experience, equivalent to the GS-7 grade level in the Federal service, obtained in either the private or public sector: as a loan processor, underwriter, or other like position, with responsibility for assisting in making eligibility determinations and/or repayment decisions on simple commercial loan applications for businesses typically characterized by an individual owner with no affiliates and a lack of any other complicating factors. These qualifications must be clearly referenced in your resume. OR Education: Master's or equivalent graduate degree or two (2) full years of progressively higher level graduate education leading to such a degree or LL.B. or J.D., if related, with major study in finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics. On year of full-time graduate education is 18 semester hours or the number of credit hours that the school attended has determined to represent one year of full-time study. OR Combination: An equivalent combination of the above education and experience. For example, six months of specialized experience (50% of the experience requirements) and 27 semester hours or 41 quarter hours of graduate education as described above (50% of the education requirement, in excess of the first year of graduate school). 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. TIME-IN-GRADE: If you are a current career or career-conditional federal employee applying for promotion under Merit Promotion you must have completed a minimum of 52 weeks in positions at the next level lower than the position being filled. All qualification requirements must be met by 11:59 pm (Eastern Time) on 02/21/2024.

Education

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.

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 Citrus Heights 7a Loan Guaranty Processing Center 6501 Sylvan Road Suite 122 Citrus Heights, CA 95610 US
• Name: Kathleen Schrank
• Email: [email protected]