Loan Specialist (Commercial)

Employer
USAJobs
Location
Wallops Island, Virginia
Posted
Sep 25, 2022
Closes
Oct 03, 2022
Function
Administrative
Hours
Full Time
Duties

This series covers positions managing, supervising, leading, and/or performing administrative and management work.
  • Vacancies filled under this public notice may have varying levels of promotion potential and supervisory level, if any.
  • Positions may be filled as permanent, term, or temporary with a full-time or part-time work schedule.

As a Loan Specialist (Commercial) you will:
  • Oversee and manage specific assets in the loan portfolio associated with Title XVII (renewable energy and efficient energy projects, advanced nuclear energy projects, and advanced fossil energy projects), ATVM (projects that support the manufacture of eligible light-duty vehicles and qualifying components), and TELGP (projects that support economic opportunities to tribes through energy development and activities).
  • As a professional with finance experience and expertise in portfolio and asset management, the incumbent is responsible for a portion of the Loan Portfolio that includes high value and high risk loans for innovative and/or commercially ready projects for a variety of energy and infrastructure technologies.
  • Lead the restructuring of all defaulting or defaulted projects that are deemed going concerns in accordance with acceptable federal and commercial standards in order to maximize recoveries for the U.S. taxpayer.
  • Analyze a wide range of primary source material to ensure the LP-51 Assistant Director and/or LP-51 Supervisory Portfolio Manager are informed and prepared for internal and external meetings.
  • Monitor day-to-day occurrences related to individual transactions, and prepares project reports on pre-determined frequencies, with an emphasis on credit deterioration.
  • Monitor borrowers and guarantors for warning signs of credit deterioration and utilize a comprehensive risk management system that serves as a workflow management, covenant tracking, contact and credit rating system to ensure that project risks stay within acceptable bounds.
  • Implement an effective portfolio risk management process that assists in identifying, managing, monitoring, and reducing risks in the portfolio assets, including development of project specific Credit Monitoring Plans.


Requirements

Conditions of Employment

  • Must be a U.S. Citizen or National.
  • This employer participates in the e-Verify program.
  • Males born after 12/31/1959 must be registered for Selective Service.
  • Subject to satisfactory security and suitability requirements.
  • May be required to successfully complete a probationary period.
  • Positions may be filled as permanent, term, or temporary with a full-time or part-time work schedule. Pay will vary by geographic location.
  • The vacancies filled through these appointments have varying levels of background investigative requirements, up to a Top Secret DOE "Q" clearance.
  • These positions are to be filled under the Infrastructure Investment and Jobs Act (IIJA - P.L. 117-58).


Qualifications

You must meet the Basic Education Requirement listed in the "Education Requirements" section and the "Specialized Experience" to qualify for this series as described below.

SPECIALIZED EXPERIENCE REQUIREMENTS GS-09 : You must have one year of experience at a level of difficulty and responsibility equivalent to the GS-07 grade level in the Federal service. Experience is defined as:
  • Monitoring one of the following: price and demand movements OR legal and regulatory changes OR structured changes within the sector; AND
  • Presenting analyses through a variety of means, including formal written studies and oral presentations; AND
  • Assisting with reviewing and maintain a portfolio.
OR: Master's or equivalent graduate degree OR 2 full years of progressively higher-level graduate education leading to such a degree OR LL.B. or J.D., if related. TRANSCRIPTS REQUIRED.

OR: You may qualify on a combination of education and experience, the total percentage of experience at the required grade level compared to the specialized experience requirement, as well as the percentage of completed education compared to the educational requirement must equal at least 100 percent. Only graduate level education more than the first 18 semester hours (27 quarter hours) may be combined to be considered for qualifying education. TRANSCRIPTS REQUIRED.

SPECIALIZED EXPERIENCE REQUIREMENTS GS-11: : You must have one year of experience at a level of difficulty and responsibility equivalent to the GS-09 grade level in the Federal service. Experience is defined as:
  • Monitoring one of the following: price and demand movements OR legal and regulatory changes OR structured changes within the sector; AND
  • Collecting research material, and reviews information for assigned Senior Portfolio Manager(s), to support risk assessment efforts; AND
  • Assisting in preparing background information needed to estimate the value of assets in individual portfolios utilizing market information or standard valuation procedures.
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. TRANSCRIPTS REQUIRED.

OR: You may qualify on a combination of education and experience, the total percentage of experience at the required grade level compared to the specialized experience requirement, as well as the percentage of completed education compared to the educational requirement must equal at least 100 percent. Only graduate level education more than 36 semester hours (54 quarter hours), may be used to combine education and experience. TRANSCRIPTS REQUIRED.

SPECIALIZED EXPERIENCE REQUIREMENTS GS-12 : You must have one year of experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Experience is defined as:
  • Participating in efforts to communicate findings, conclusions, agreed-upon corrective actions, and timeline for remediation of internal assessments and risk management audits; AND
  • Monitoring technology sector developments as they relate to the borrower's operating environment (examples: price and demand movements, legal and regulatory changes, and structural changes within the assigned sector); AND
  • Conducting financial analyses of borrowers, guarantors, counterparties, and monitors for warning signs of credit deterioration.
NOTE: There is no substitution of education for specialized experience at the GS-12 level.

SPECIALIZED EXPERIENCE REQUIREMENTS GS-13 : You must have one year of experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. Experience is defined as:
  • Implementing an effective portfolio risk management process that assists in identifying, managing, monitoring, and reducing risks in the portfolio assets; AND
  • Representing the organization at interagency forums or inter-creditor discussions and at steering committees of creditors to discuss and coordinate portfolio management; AND
  • Providing executive analysis and support to respond to questions or requests for a perspective.
NOTE: There is no substitution of education for specialized experience at the GS-13 level.

SPECIALIZED EXPERIENCE REQUIREMENTS GS-14: You must have one year of experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service. Experience is defined as:
  • Supporting staff on the preparation of responses to risk management issues and internal controls deficiencies reported by internal and external auditors, including Corrective Action Plans for eliminating or reducing risks; AND
  • Assessing the credit and project risks associated with high-value loans for innovative, or commercially ready clean energy generation and manufacturing projects, or advanced technology vehicles and component manufacturing projects; AND
  • Utilizing project and corporate finance to evaluate the viability of a borrower, or guarantor in a loan portfolio.
NOTE: There is no substitution of education for specialized experience at the GS-14 level.

SPECIALIZED EXPERIENCE REQUIREMENTS GS-15: You must have one year of experience at a level of difficulty and responsibility equivalent to the GS-14 grade level in the Federal service. Experience is defined as:
  • Utilizing project and corporate finance to evaluate the viability of a borrower, or guarantor in a loan portfolio; AND
  • Reviewing and analyzing project financial statements, progress and engineering reports, legal documents, covenant compliance certificates, collateral reports, Credit Committee memos, financing documents such as Credit and Security Agreements, and information gathered from news reports and site visits; AND
  • Synthesizing information provided across staff and from other sources external to the organization, to enable senior management to quickly discern key facts and linkages among a myriad of issues that impact the work.
NOTE: There is no substitution of education for specialized experience at the GS-15 level.
"Experience" refers to paid and unpaid experience. Examples of qualifying unpaid experience may include: volunteer work done through National Service programs (such as Peace Corps and AmeriCorps); as well as work for other community-based philanthropic and social organizations. 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.

OPM Qualification Standards for the GS-0201 series can be found at the following website: Loan Specialist Series, 1165 (opm.gov) .

CTAP/ICTAP candidates: To be considered "well qualified" you must meet all of the requirements as described in this section.

This public notice may be used to fill multiple positions as needed; therefore, applicants must meet the qualifications at the time the applications are reviewed.

Education

All grades for the 1165 series have a positive education requirement that must be met.Basic Education Requirement

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

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.

Additional information

The U.S. Department of Energy fosters a diverse and inclusive workplace and is an Equal Opportunity Employer.
  • Federal agencies may request information regarding the vaccination status of selected applicants for the purposes of implementing other workplace safety protocols, such as protocols related to masking, physical distancing, testing, travel, and quarantine.
  • This job opportunity announcement may be used to fill additional similar vacancies across DOE.
  • For general information on government-wide Telework polices visit: www.telework.gov
  • Status and Non-Status applicants from outside DOE selected under this authority are required to serve a mandatory one (1) year probationary period. A DOE career status employee selected for this position may be required to serve a new one (1) year probationary period, pursuant to 5 CFR 315.802.
  • If you believe that you are eligible for the Interagency Career Transition Assistance Program (ICTAP), please visit the OPM ICTAP/CTAP website for more information. In order to be considered under the ICTAP program, your application must score within the pre-established "well qualified" category as stated in the Qualifications section.
  • This public notice is to gather applications that may or may not result in a referral or selection.
  • More than one selection may be made under this hiring authority.
  • Some positions may require completion of a probationary period of up to 1 (one) year.
  • Many positions require successful completion of a background investigation.
  • Positions may be filled at varying levels of leadership, ie Team Lead, Manager, Supervisor.
  • Supervisory positions may require a 1-year probationary period, if not yet completed.
  • New employees to the Department of Energy will be required to successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit www.dhs.gov/E-Verify
  • Veterans and persons with disabilities are encouraged to apply. For more information, please visit the links at the bottom of this page or visit the FedsHireVets website.
  • All males born after December 31st 1959 must abide by laws regarding Selective Service registration. To learn more about this law, visit the Selective Service web page, Who Must Register . If you are not registered and don't have an approved exemption, you will not be eligible for employment with the Federal government.
  • Relocation or Recruitment Incentive may be authorized.
  • This position may be 100% remote.

EEO Policy: https://help.usajobs.gov/index.php/EEO_Policy_Statement
Reasonable Accommodation Policy: https://help.usajobs.gov/index.php/Reasonable_Accommodation_Policy_Statement
Veterans Information: https://help.usajobs.gov/index.php/Veterans_Information
Selective Service Registration: http://www.sss.gov/