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Loan Specialist (Commercial)

Employer
USAJobs
Location
Herndon, Virginia
Closing date
Nov 14, 2019
Duties

Summary

This is a bargaining unit position.
This is not a (drug) testing designated position (TDP).

This position is located at the Herndon National Guaranty Purchase Center. Responsible, within the scope of your assigned authority, for reviewing, analyzing and recommending or taking action on cases that have been referred for liquidation. At the GS-12 level, also assist and guide other loan specialists and loan servicing assistants in the performance of their duties.

Learn more about this agency

Responsibilities

Duties include but are not limited to the following:
  • Conduct a comprehensive guaranty purchase review of the participant lender's 7(a) loan making, closing, servicing and liquidation activities.
  • Gather and review relevant facts and data to ensure maximum recovery to the agency and mitigate harm and loss to the agency.
  • Oversee and monitor the participant lender's actions with regard to a variety of liquidation activities to include taking possession, inventorying and protecting collateral; obtaining necessary appraisals; determining the method of disposal and determining when abandonment of collateral is in the best interest of the agency.
  • Review and recommend actions as appropriate on participant lender's loan compromise recommendations where settlement for less than the amount is due is in the best interest of the agency.
  • Review participant lender's assertion that they have exhausted all liquidation efforts and that the loan is ready to be charged off.
At the GS-12 level, the employee also trains and develops lower-graded loan specialists; reviews and advises on recommendations made by these employees; acts for the supervisor in his/her absence when so delegated, etc.

Travel Required

Occasional travel - You may be expected to travel for this position.

Supervisory status
No

Promotion Potential
12

Requirements

Conditions of Employment

  • You must be a US Citizen.
  • You must successfully complete a background investigation.
  • You may be required to serve on a one-year probationary period.


Qualifications

GS-11

Specialized Experience: One year of specialized experience (equivalent to at least the GS-09 grade level in the Federal service) obtained in either the private or public sector performing the following types of tasks: liquidate collateral and assets for all types of loans; AND provide financial counseling and guidance to customers related to loan payments; AND recommend various liquidation actions; AND analyze financial statements; AND review and recommend action as appropriate on participant lender's loan compromise.

OR

Education:
Ph.D or equivalent doctoral degree OR 3 full years of progressively higher level graduate education leading to such a degree with major study in: finance, business administration, economics, accounting, insurance, engineering, mathematics, banking and credit, law, real estate operations, statistics, or other fields related to the position; OR LL.M, if related. One year of full-time graduate education is 18 semester hours or the number of credit hours that the school attended has determined to represent 1 year of full-time study. You MUST submit a copy of your transcript(s) if you are basing all or part of your qualifications on education.

OR

Combination:
An equivalent combination of the above education and experience. For example, six months of specialized experience (50% of the experience requirements) and 45 semester hours or 68 quarter hours of graduate education as described above (50% of the education requirement, in excess of the second year of graduate school). You MUST submit a copy of your transcript(s) if you are basing all or part of your qualifications on education.

GS-12

Specialized Experience: One year of specialized experience (equivalent to at least the GS-11 grade level in the Federal service) obtained in either the private or public sector performing the following types of tasks: underwrite and/or determine cash flow and repayment ability for commercial and business loans; AND service and liquidate collateral and assets for all types of loans; AND provide extensive financial counseling and guidance to customers related to loan terms and payments; AND discuss general and specific case plans to ensure proper steps are taken to achieve liquidation; AND monitor and provide oversight to a variety of liquidation actions; AND review participant lender's final report and determine if loan will be charged-off; AND provide guidance to less senior loan specialists and loan servicing assistants in the performance of their duties.

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 web site:

Loan Specialist Series, GS-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.

All qualification requirements must be met by 11:59 pm (Eastern Time) on the closing date of this vacancy announcement.

Education

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications (particularly positions with a positive education requirement.) Therefore, applicants must report only attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education. Verify School accreditation . All education claimed by applicants will be verified by the appointing agency accordingly. *** If you are using foreign education to meet qualification requirements, you must send a Certificate of Foreign Equivalency with your transcript in order to receive credit for that education. *** For further information, click on: Foreign Education .

Additional information

SUITABILITY, CLEARANCE & REQUIREMENTS: A background investigation may be required for all new hires. Appointment will be subject to the applicant's successful completion of a background investigation and favorable adjudication. Failure to successfully meet these requirements will be grounds for termination.

Career and InterAgency Career Transition Assistance Programs: If you are applying for a special selection priority under SBA's Career Transition Assistance Plan (open to surplus SBA employees only) or the Interagency Career Transition Assistance Program (open to surplus and displaced Federal employees), you must:
  • meet CTAP eligibility criteria;
  • be rated well-qualified for the position with a rating of 85 or above based on the competencies listed above; and
  • submit the appropriate documentation to support your CTAP eligibility. For more information: http://www.opm.gov/rif/employee_guides/career_transition.asp
  • Selective Service: If you are a male applicant born after December 31, 1959, you must certify that you have registered with the Selective Service System, or are exempt from having to do so under the Selective Service Law. For additional information visit www.sss.gov .

    Consistent with work requirements and current SBA Policy, and all applicable provisions of the collective bargaining agreement with AFGE the SBA offers employees opportunities to perform work at an alternative location (e.g. home).

    Telework may be available. For information on Telework visit: http://www.telework.gov/

    Additional vacancies may be filled from this vacancy announcement if additional vacancies occur within 180 days of the date the certificates were issued.

    How You Will Be Evaluated

    You will be evaluated for this job based on how well you meet the qualifications above.

    Applicants meeting basic eligibility requirements will be further evaluated based on the information provided in the Occupational Questionnaire. To preview this questionnaire, click on the following link: https://apply.usastaffing.gov/ViewQuestionnaire/10640810 . You will be rated based on your responses to the occupational questionnaire. The occupational questions relate to the following Competencies required to do the work of this position:

    • Decision Making
    • Economics and Accounting
    • Oral Communication
    • Problem Solving
    • Reasoning


    Your application will be evaluated under the Category Rating method based on your responses to the assessment questions. You will receive a score based on the responses to the assessment questions. If, after reviewing your resume and or supporting documentation, a determination is made that you have inflated your qualifications and or experience your score can and will be adjusted to more accurately reflect your abilities. If you meet basic requirements for the position, your application will be evaluated and placed into one of three categories:

    1. Best-Qualified: highly proficient with an overall comprehensive level of knowledge, skills and abilities related to the job based on a complete review of experience, education, and training as described in an applicant's responses to the assessment questions and resume.
    2. Well-Qualified: competent in the position with an overall accomplished level of knowledge, skills, and abilities related to the job based on a complete review of experience, training, and education as applicable, as described in an applicant's responses to the assessment questions and resume.
    3. Qualified: an overall basic level of knowledge, skills, and abilities related to the job based on a complete review of experience, education, and training, as described in an applicant's responses to the assessment questions and resume.

    Candidates eligible for veterans' preference will be placed ahead of other candidates in the appropriate category for which they have been rated. Additionally, preference eligibles who have a compensable service-connected disability of at least 10 percent and who meet Minimum Qualification Requirements will automatically be placed in the Best Qualified Category.

    Background checks and security clearance

    Security clearance
    Not Required

    Drug test required
    No

    Position sensitivity and risk
    Non-sensitive (NS)/Low Risk

    Trust determination process
    Suitability/Fitness

    Required Documents

    1. Your Resume - must contain the following information:
    • Name, address, telephone number, email address;
    • Supervisor's contact information, if available (indicate if you would prefer to be notified before your supervisor is contacted);
    • Job Title (if Federal Service, provide series and grade; if not in GS plan, provide GS equivalent grade);
    • If qualifying based on related unpaid (e.g. volunteer service) experience, you must provide hours worked per week and beginning/ending dates (mm/dd/yyyy to mm/dd/yyyy);
    • If other than full time you must provide hours worked per week.
    • An integral part of our selection process includes the completion of reference checks. Please provide the names and telephone numbers of three professional references (e.g., current and/or former supervisors, college or university professors, managers or coordinators of volunteer activities, etc.) who know your qualifications relative to this position and who we can contact to verify your credentials. Do not list personal friends or relatives.
    • PLEASE BE CLEAR AND SPECIFIC. WE WILL NOT MAKE ASSUMPTIONS REGARDING YOUR EXPERIENCE. If your resume/application does not support your questionnaire answers, we will not allow credit for your response(s). Your resume must contain sufficiently detailed information upon which to make a qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates (mm/dd/yyyy - mm/dd/yyyy) of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.
    • Should you submit multiple resumes, only the latest uploaded resume will be reviewed.
    2. A complete Occupational Questionnaire
    3. In addition to the online application (resume and responses to the occupational questionnaire), you are required to submit the following forms, if applicable. It is the responsibility of the applicant to ensure all documents are legible.
    • If you are using education as a substitution for experience (the announcement will state whether this is allowed), or if there is an educational requirement for this position, you must submit a copy of your transcripts (unofficial or official) that clearly describes your qualifying education. If selected, official transcripts will be required;
    • If you are claiming Veteran status, you must submit a copy of all required documents to support your claim (showing character of service)--see VetGuide ;
    • Veterans who are still in the service may be granted tentative preference on the basis of information contained in their applications, but they must produce a DD-214 (showing the character of service) or other proof of service to receive consideration for veterans' preference. For more information on Veterans' Preference, please visit FedsHireVets.gov .


    If you are relying on your education to meet qualification requirements:

    Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

    Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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