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Are you looking for a Loan Specialist (Commercial)? We suggest you consider a direct vacancy at Agriculture, Rural Development in Bismarck. The page displays the terms, salary level, and employer contacts Agriculture, Rural Development person

Job opening: Loan Specialist (Commercial)

Salary: $59 966 - 94 317 per year
City: Bismarck
Published at: Mar 22 2024
Employment Type: Full-time
This position is located in an Area Office in USDA/Rural Development (RD). The incumbent has responsibility for establishing, marketing, managing and servicing loans and grants for community facilities, public utilities, and/or businesses. Incumbent must report for work at any of the following listed locations: Bismarck, North Dakota Devils Lake, North Dakota Dickinson, North Dakota Minot, North Dakota Valley City, North Dakota

Duties

Cultivate relationships with key business, civic, community and local government entities and community interest groups. Review loan applications for completeness and conformance with Rural Development statutory regulations, policies, procedures and practices. Perform comprehensive review and in-depth analyses of financial credit data documents to determine the loan application eligibility, feasibility, creditworthiness and viability within assigned loan portfolio(s). Prepare written loan approval determinations or recommendations for loan approval and submit to approving official as appropriate. Develop, implement and coordinate a broad and aggressive outreach and marketing program.

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 https://www.e-verify.gov/.

Qualifications

Applicants must meet all qualifications and eligibility requirements by the closing date of the announcement including time-in-grade restrictions, specialized experience and/or education, as defined below. Time in grade: Current federal employees applying for a promotion opportunity must meet time-in-grade (TIG) requirement of 52 weeks of service at the next lower grade level in the normal line of progression for the position being filled. For GS-9 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-07; or its non-Federal equivalent that demonstrates: Assisting higher graded specialists with loan underwriting, for example, experience processing single family loans up to the point of final approval by a specialist with loan approval authority, i.e., examining applications, credit reports and other supporting documents; or assisting loan specialists with servicing activities on commercial loans for small projects OR Masters or equivalent graduate degree in a related field, 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. For GS-11 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-09; or its non-Federal equivalent that demonstrates: 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 LL.M., if related. Equivalent combination of education and experience are qualifying for this grade level. Undergraduate and Graduate Education: Major study -- finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position, such as agriculture, agricultural economics, farm, livestock or 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

This position does not have an education qualification requirement.

Contacts

  • Address Rural Development 1400 Independence Ave SW Washington, DC 20250 US
  • Name: Lesli Sargent
  • Email: [email protected]