Loan Specialist (Commercial)
What you'd do
This position is located in the Virginia State Office in USDA/Rural Development (RD). 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. This vacancy announcement is open to current Rural Development Employees only.
Major duties
Keeps informed of new policies and directives prepared by the National Office. Conducts evaluation reviews of State-wide performance to determine the effectiveness of the Community and/or Business Programs services provided, adherence to program objectives and to assess trends. Analyzes loan and grant applications for eligibility and conformance with RD 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. Develops, implements and coordinates a broad and aggressive marketing and outreach program to support all assigned Programs.
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. Important If your resume does not show complete information for each job entry, your application will be considered incomplete. 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. TIG must be met by the closing date of this announcement. For the GS-12 level: Applicants must have one (1) year of specialized experience equivalent to at least the GS-11; or its non-Federal equivalent that demonstrates: Experience independently reviewing and making decisions on applications for commercial loans, municipal bonds, servicing a commercial/non-profit , and municipal loan portfolio, to include decision-making on liquidations.; performing financial and credit analysis of commercial concerns, reviewing and examining feasibility studies and business plan proposals based on business structures and economic factors. There is no education substitution for this grade level. 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
Federal applications are different: your resume should be 3–5 pages and mirror the language of this announcement. Read our federal resume guide first — it's the #1 reason qualified people get screened out.
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