Job opening: Loan Specialist (Commercial)
Salary: $72 553 - 114 827 per year
Published at: Mar 27 2024
Employment Type: Full-time
This position may be located in any USDA/Rural Development (RD) office in Iowa. The incumbent has responsibility for providing State-wide leadership, guidance and review in Community and/or Business Programs for the making and servicing of loans and grants for community facilities, public utilities, and/or businesses.
There is one vacancy that may be filled at any of the locations listed.
Duties
Conducts evaluation reviews of State-wide performance to determine the effectiveness of the Community and/or Business Programs services provided.
Provides assistance to employees in the analysis of loan and grant applications.
Performs comprehensive review and in-depth analyses of credit data to determine credit-worthiness.
Identifies issues related to environmental concerns and fair market value.
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-11 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-09; or its non-Federal equivalent that demonstrate knowledge and understanding of business or commercial loan making and servicing duties in order to assess the risk and soundness of loans to corporate and/or municipal entities with an emphasis on environmental and construction risk management. Experience may have been gained in work equivalent to analyzing construction contracts, plans and specifications, environmental reports, and supporting documents; servicing a loan portfolio of a bank and other loan association 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 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 fields related to the position, such as agriculture, agricultural economics, farm, livestock or ranch management, or rural sociology.
For GS-12 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-11 or its nonfederal equivalent that demonstrate knowledge and understanding of complex business or commercial loan making and servicing duties in order to assess the risk and soundness of loans to corporate and/or municipal entities with an emphasis on environmental and construction risk management. Experience may have been gained in work equivalent reviewing and in-depth analyses of financial credit data documents germane to the loan application eligibility, feasibility credit-worthiness and viability, construction contracts, plans and specifications, environmental reports, and supporting documents within assigned loan portfolio(s). There is no education substitution for this grade level.
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: Jeremy Rowe
- Email: [email protected]