Loan Specialist (Commercial)
What you'd do
The Loan Specialist (Commercial) is responsible for providing statewide leadership, guidance and review in Community and/or Business Programs. Making and Servicing loans and grants for the community facilities, public utilities, and/or businesses. Applications will only be accepted from current, permanent Rural Development employees.
Major duties
Duties are at the full performance level. Technical expert that uses delegated responsibility for the development, management, coordination and administration of an assigned loan and grant program portfolio(s). Conducts evaluation reviews of state-wide performance to determine the effectiveness of the Community and/or Business Programs services provided, adhering to program objectives. Provides guidance to Area Offices on application of new and/or revised Rural Development loan practices and procedures. Prepares standard operating procedures and provides technical oversight of Area Offices. Provide assistance to employees in the analysis of loan and grant applications. Analyzes loan and grant applications for eligibility conformance with Rural Development statutory regulations, policies, procedures and practices. Loan Approval and Closing- Prepares written loan approval determinations or recommendations for loan approval and submit to approving official as appropriate. Loan and Grant Servicing-Provides a wide variety of servicing actions for assigned portfolio(s) as appropriate. Conducts field site visits to determine a project's conformance with loan requirements; evaluates and prepares environmental data. Marketing and Outreach-Develops, implements, and coordinates a broad and aggressive marketing and outreach program to support all assigned programs within the servicing area.
What you need to qualify
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 the time in grade requirement of 52 weeks of service at the next lower grade level in the normal line of progression for the position being filled. For the GS-09 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-07; or its non-federal equivalent. Specialized experience is defined as assisting higher-graded loan specialists with loan making, servicing, and underwriting duties; regularly examining loan applications, supporting documents and credit reports to make determinations to applications; processing loans up to the point of final review and approval by a specialist with loan approval authority; maintaining servicing activities of semi-complex loans and/or grants; performing assigned portions of financial credit analysis before a loan/grant is approved. 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 GS-11 level: Applicants must have 1 year of specialized experience equivalent to at least the GS-09; or its non-federal equivalent. Specialized experience is defined as demonstrating an understanding of complex mortgage or commercial loan making/servicing; analyzing credit principles and practices in order to assess the fundamental soundness of business loans and loans to corporate and/or municipal entities; examining applications and corporate financial documents to maintain servicing activities on a variety of mortgage and commercial loans. 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. Individual Occupational Requirement: Experience that demonstrates competence in agricultural, commercial, realty, or other types of loans. Experience may have been gained in such work as reviewing and passing upon applications for agricultural, commercial, bank or mortgage loans; servicing a loan portfolio of a bank or other loan association; performing financial analysis of commercial concerns for investment purposes; appraising real estate to determine property valuation; or similar work. 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.
Before you apply
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