Job opening: LOAN ASSISTANT/ SPECIALIST COMMERCIAL
Salary: $49 025 - 77 955 per year
Published at: Jun 05 2024
Employment Type: Full-time
This position is located in a State or Area office in USDA/Rural Development (RD).
This vacancy announcement is open to current Rural Development State employees only.
This position is neither remote nor virtual. The employee will be expected to report in person to the assigned duty location.
Duties
The incumbent deals with loans either made or guaranteed by the government and grants for very small commercial loans and grants.
Reviews and analyzes preapplications, applications and all supporting documents to determine loan or grant eligibility and inputs data into appropriate automated database system
Prepares written loan/grant recommendations and submits to supervisor for review.
Provides a wide variety of servicing actions for assigned less difficult loan cases.
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. Applicants must meet one year at the next lower
grade to be considered for the next higher grade.
For the GS-07 level: Applicants must have one (1) year of specialized experience equivalent to at
least the GS-05; or its non-Federal equivalent that demonstrates: basic knowledge of loan examining
and/or servicing principles, procedures and techniques as they apply to investigation, analysis,
and evaluation of financial factors and credit risks in relation to the granting and servicing of
mortgage loans. Experience may have been gained in work equivalent to furnishing general
information concerning loan programs, eligibility requirements, financial and credit requirements;
reviewing loan applications for eligibility and financial soundness; and analyzing information
provided by loan applicant and making recommendations to a higher-level loan specialist about loan
eligibility; OR possess one (1) full year of graduate level education or Superior Academic
Achievement (see definition of S.A.A. below) (see qualifying fields of study below); OR an
equivalent combination of experience and education as noted above are acceptable.
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.
NOTE: To be considered for this position, you must meet all qualification and eligibility requirements for the 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
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.
Superior academic achievement (S.A.A.) -- This provision covers advanced trainee positions that
provide opportunities for advancement upon attaining required job skills and knowledge, require no
prior experience, and have work classified at two-grade intervals. It recognizes students who have
achieved superior academic standing as evidenced by one of the three methods described below. In order to be creditable under this provision, superior academic
achievement must
have been gained in a curriculum that is qualifying for the position to be filled.
S.A.A. is based on (1) class standing, (2) grade-point average, or (3) honor society membership.
1. Class standing - Applicants must be in the upper third of the graduating class in the college,
university, or major subdivision, based on completed courses.
2. Grade-point average - Applicants must have a grade-point average of:
a. 3.0 or higher out of a possible 4.0 ("B" or better) as recorded on their official transcript,
or as computed based on 4 years of education, or as computed based on courses completed during the
final 2 years of the curriculum; or
b. 3.5 or higher out of a possible 4.0 ("B+" or better) based on the average of the required
courses completed in the major field or the required courses in the major field completed during
the final 2 years of the curriculum.
3. Election to membership in a national scholastic honor society -- Applicants can be considered
eligible based on
membership in one of the national
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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