Loan Specialist
Loan Specialist
Office of Capital Access (OCA); COVID-19 EIDL Servicing Center (CESC)
Summary
This announcement will be used to fill vacancies through the SBA-Authorized Direct Hire Authority. Category rating, veteran's preference, and traditional rating and ranking of applicants DO NOT APPLY to this vacancy.
Duties
As a Loan Specialist at the GS-1165-09/11 for COVID EIDL Loan Servicing Center - CESC, some of your typical work assignments may include:
- Negotiating with borrowers and/or third parties to obtain satisfactory resolution in adversarial situations.
- Conducting investigations and analyses in preparing a variety of servicing, collection, and liquidation actions.
- Determining the financial responsibility of borrowers and/or guarantors following a detailed financial analysis.
- Responding to demands for payoffs from escrow companies and research requests for reconveyance on previously paid loans to prepare documents.
- Preparing releases for borrowers and notice of fully paid accounts where certified funds are received.
- Responding in writing to a full range of inquiries from borrowers concerning residential and commercial loan servicing and liquidation to assist in the liquidation of delinquent loans.
Requirements / Conditions of Employment
- U.S. citizenship is required.
- You must be able to obtain and maintain a Government travel credit card.
- Favorable background investigation and credit check are required.
- You may be required to complete a one-year trial period.
- This position is not covered by a bargaining unit.
Qualifications
Individual Occupational Requirements
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.
or
Experience
Specialized Experience (for positions above GS-5): Experience that demonstrated 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.
You must meet all qualification requirements by the closing date of this announcement.
You may qualify based on experience, education, or both
Experience: To receive credit, you must indicate the month and year as well as the average hours worked per week for each employer. Average work hours must be stated on the resume to quantify each period of work experience or that experience will not be credited toward meeting the specialized experience requirement.
You must address the specific specialized experience required for each grade level of this position on your resume or application or you will be rated "Ineligible" for that grade level.
GS-09: To qualify you must have at least 1 full year (52 weeks) of specialized experience equivalent in difficulty and complexity to the GS-07 level obtained in either the private or public sector that has equipped you with the particular knowledge, skill, and ability to perform successfully in this position. In addition, this Specialized Experience must demonstrate ALL the following:
- Analyzing financial statements, tax returns, credit reports, and/or earning potential of individuals and/or business enterprises; and
- Making recommendations related to the processing, servicing, and/or liquidation of residential or business loans; and
- Communicating orally or in writing with a variety of contacts regarding financial or loan-related matters.
GS-11: To qualify you must have at least 1 full year (52 weeks) of specialized experience equivalent in difficulty and complexity to the GS-09 level obtained in either the private or public sector that has equipped you with the particular knowledge, skill, and ability to perform successfully in this position. In addition, this Specialized Experience must demonstrate ALL the following:
- Analyzing financial statements, tax returns, credit reports, and/or earning potential of individuals and/or business enterprises; and
- Making recommendations related to the processing, servicing, and/or liquidation/default of residential or business loans; and
- Communicating orally with a variety of contacts to provide counsel or advice regarding financial or loan-related matters, and
- Communicating in writing with a variety of contacts to provide counsel or advice regarding financial or loan-related matters.
Additional information on the qualification requirements is outlined in the OPM Qualifications Standards Handbook of General Schedule Positions. It is available for your review on OPM's Qualifications website:
Loan Specialist Series 1165
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, knowledge, and skills 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
If qualifying based on education, you must submit transcripts to be eligible.
Recent graduates with a Master's Degree or Doctorate in a related field with no prior lending experience are encouraged to apply.
GS-09: Must have a master's or LL.B. or J.D. if related, or equivalent graduate degree in a related field or 2 full years of related progressively higher-level graduate education leading to such a degree.
GS-11: Must have a doctorate or LL.M, or equivalent graduate degree in a related field, or 3 full years of related progressively higher-level graduate education leading to such a degree.
Related 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.
OR
A combination of experience and education as indicated above.
Loan Specialist Series 1165