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Job opening: LOAN SPECIALIST (COMMERCIAL)

Salary: $59 966 - 94 317 per year
Published at: Jun 04 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 business. This position is neither remote nor virtual. The employee will be expected to report in person to the assigned duty location.

Duties

Reviews and analyzes pre-applications, applications and all supporting documents to determine loan or grant eligibility. Prepares written loan/ grant recommendations for assigned CP and BP loan and grants. Analyzes annual and financial statements and reports on closed loans. Works with a program specialist and or supervisor in the development and implementation of an outreach and marketing program for the servicing area.

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 time-in-grade restrictions, specialized experience and/or education, as defined below. Time in Grade Requirement: 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. Applicants must meet one year at the next lower grade to be considered for the next higher grade. (e.g. one year at the GS-07 grade level for consideration for the GS-09 grade level, and one year at the GS-09 grade level for consideration for the GS-11 grade level). 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 demonstrate experience 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 (see qualifying fields of study below). OR a combination of education as described and specialized experience. For the 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 thorough 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 loans and loans to corporate and/or municipal entities 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 a 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 (see qualifying fields of study below). OR a combination of education as described and specialized experience. Education: 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 Combining Education and Experience: Combinations of successfully completed post-high school education and experience may be used to meet total qualification requirements. Determine your qualifying experience as a percentage of the experience required. Determine your education as a percentage of the education required. Add the two percentages. The total percentage must equal at least 100 percent. Only graduate education in excess of the amount required for the next lower grade level may be used to qualify applicants for positions at grades GS-9 and GS-11. 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: Shavon Johnson
  • Phone: 202-604-7700
  • Email: [email protected]

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