Job opening: Loan Specialist (Commercial)
Salary: $59 966 - 114 827 per year
Published at: Apr 05 2024
Employment Type: Full-time
This position may be located in any USDA/Rural Development (RD) office in Iowa. The incumbent has responsibility for establishing, marketing, managing and servicing 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
Develops outreach and marketing strategic plans.
The incumbent is responsible for the development, management, coordination and administration of an assigned loan and grant program portfolio(s) involving one or more of the agency regulatory loan functions.
Analyzes loan and grant applications for eligibility and conformance with Rural Development statutory regulations, policies, procedures and practices and inputs data into appropriate automated database systems.
Prepares written loan approval determinations or recommendations for loan approval and submits to approving official as appropriate.
Provides a wide variety of servicing actions for assigned loan and/or grant portfolio.
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 the 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 experience assisting higher graded specialists with loan making and servicing duties such as regularly examining and assessing risk associated with environmental reports and construction management. Regularly reviewing construction contracts, plans and specifications, environmental reports, and supporting documents; maintaining servicing activities of somewhat complex loans and/or grants; assisting higher level loan specialists by performing assigned portions of risk analysis with more complex loans as a way of acquiring training and competency for more difficult loan examining and servicing assignments 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 OR a combination of education as described and specialized experience.
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.
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.
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
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]