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Loan Specialist

Employer
USAJobs
Location
Washington, D.C
Closing date
Mar 11, 2021
Duties

Summary

A successful candidate in this position will serve as Senior Loan Administrator for Portfolio Management Division (PMD), coordinate with borrowers, the loans servicing bank, and the U.S. Treasury. Providing annual and ad hoc Documentum training to the PMD; assist Risks Management Division with training external auditors on IT systems; and supports upon request during annual independent audits.

Learn more about this agency

Responsibilities

As a Loan Specialist, you will:
  • Receive requests from multiple large-scale commercial infrastructure project finance/corporate borrowers; performs data quality review; create tasks in LPO's workflow systems (Quicksilver).
  • Manage the workflow process of credit monitoring plans, credit subsidy modifications documentation, collateral appraisal, data control and maintain an auditable record of activities completed among the projects.
  • Review all related loan documents for assigned loans and consult with other LPO staff as disbursement documents prepared by transaction-related parties are reviewed for approval. Ensure that all terms and conditions of the related agreements pertaining to disbursements are enforced and adhere to policy.
  • Identify loan administration issues and assess their impact on LPO policies and procedures and provide administrative assistance to the deal team to resolve any issues related to disbursements, post issue requests, and covenant compliance under the transaction.
  • Track the parameters identified for instructing, guiding, and advising transaction-related parties on the proper procedures for loan administration issues by frequent written and oral communications and discussions.
  • Establish covenant compliance monitoring process by entering covenants from loan documents into Quicksilver; generate tickler system for each covenant; manage receipt of documentation on weekly, monthly, quarterly, and annual basis; indicate in Quicksilver when covenants are satisfied; notify PM Officer if any covenant becomes past dues; and enter any covenant modifications and the covenant monitoring package into Quicksilver.


Travel Required

Occasional travel - Occasional travel be required to attend meetings, training, and/or conferences.

Supervisory status
No

Promotion Potential
14

Requirements

Conditions of Employment

  • You must be a United States Citizen.
  • This employer participates in the e-Verify program.
  • Males must abide by Selective Service registration requirements.
  • Resume and question responses must be submitted online.
  • May be required to serve a one-year probationary period.
  • Must complete a Consent to Financial Disclosure, OGE-450 form.


OTHER REQUIREMENTS:

This position is open to current Department of Energy Federal employees with competitive status only within the local commuting area of Washington, D.C.

You may be required to complete a one year probationary period, if not previously completed in a Competitive or Excepted Service position.

If selected, you will be required to complete a Confidential Financial Disclosure, OGE-450 form upon entry into the position and annually thereafter.

You must submit an unofficial or official transcript by the closing date of the vacancy announcement.

Due to the current events surrounding COVID-19, telework will be mandatory. When it is determined that LPO will be moving to the reopening phase, the expectation will be to physically return to the office.

Qualifications

SPECIALIZED EXPERIENCE REQUIREMENTS: Specialized Experience is experience that equipped the applicant with the particular knowledge, skills, and abilities (KSA's) to perform successfully the duties of the position, and that is typically in or related to the position to be filled. A qualified candidate's online application and resume must demonstrate at least one year of specialized experience equivalent to the GS-13 grade level in the Federal service. Specialized experience for this position is defined as:
  • Analyzing, evaluating and managing disbursements, waivers, consents and amendments for large industrial and infrastructural project finance and/or corporate loans that exceed $50 million - particularly those in renewable energy, nuclear energy, power, transportation, oil and gas, telecommunications, petrochemical or mining sectors - to determine compliance with policies, regulations and procedures.
  • Collecting, analyzing, and preparing data associated with large (greater than $50 million) project finance and/or corporate loans to be utilized in project status and credit reports for presentation to loan committees or other governing boards.
  • Reviewing documents associated with the resolution of "Special Assets", including bankruptcy, compromise or sale/pledge agreements, and coordination of efforts between the collateral agent, loan servicer, financial advisors, attorneys, US Treasury and DOE.
  • Reviewing, managing, and verifying the transfer of all loan documents from loan origination to portfolio management, including the coordination of all documentation between the borrower, DOE, attorneys, loan servicer, collateral agent, and the US Treasury.

Your application and resume should demonstrate that you possess the following knowledge, skills and abilities (KSAs). Do not provide a separate narrative written statement. Rather, you must describe in your application how your past work experience demonstrates that you possess the KSAs identified below. Cite specific examples of employment or experience contained in your resume and describe how this experience has prepared you to successfully perform the duties of this position. DO NOT write "see resume" in your application!
  • Skill in applying Government lending program policies, practices, laws, and regulations related to energy projects, thorough knowledge of credit risk and financial statement analysis, sufficient to extensively analyze the most complex and/or unprecedented borrower request and transactions including all applicable underlying financial, managerial, operational, economic, regulatory, loan security, and legal problems and issues.
  • Knowledge of a wide range of qualitative and/or quantitative methods for the improvement of complex management processes and systems.
  • Knowledge of loan and grant regulations, policies, procedures, practices, and operational guidelines required to serve as a program authority and consultant both within and outside a loan program.
  • Knowledge of load administration rules and practices and how these affect disbursements and covenant compliance under medium and long-term guarantees/loans.

  • "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.

    Time-in-Grade: Current Federal employees must meet time-in-grade requirements by the closing date of this announcement to receive consideration.

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

    You must meet all qualifications and eligibility requirements by the closing date of this announcement.

    Education

    EDUCATION:

    Individual Occupational Requirements

    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 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.

    Education must be obtained from an accredited institution recognized by the U.S. Department of Education.

    Foreign education must be reviewed by an organization recognized by the U.S. Department of Education. For special instructions pertaining to foreign education and a list of organizations that can evaluate foreign education, see the Department of Education website.

    Additional information

    The U.S. Department of Energy fosters a diverse and inclusive workplace and is an Equal Opportunity Employer.
    • New employees to the Department of Energy will be required to successfully pass the E-Verify employment verification check. To learn 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.
    • 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.
    • More than one selection may be made from this vacancy announcement.
    • Some positions may require completion of a probationary period of up to 1 (one) year.
    • This position is in the Bargaining Unit.
    • Many positions require successful completion of a background investigation.
    • 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.

    EEO Policy: https://www.eeoc.gov/federal/fed_employees/index.cfm
    Reasonable Accommodation Policy: https://www.opm.gov/policy-data-oversight/disability-employment/reasonable-accommodations/
    Veterans Information: https://www.fedshirevets.gov/job-seekers/veterans-preference/

    Telework: www.telework.gov

    Selective Service Registration: https://www.usajobs.gov/Help/working-in-government/fair-and-transparent/selective-service/

    How You Will Be Evaluated

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

    The Department of Energy uses an application tracking system to evaluate the responses you provide in the applicant assessment questionnaire to determine if you meet the minimum qualifications necessary for this position. Then, the HR Office and/or Subject Matter Expert (SME) will conduct a quality review of your application and supporting documentation to determine if your qualifications meet the criteria for referral to the selecting official.

    We will also verify that you are eligible for Merit Promotion positions by reviewing your previous Federal employment to ensure you meet Time-in-Grade requirements. If you are eligible to apply to Merit Promotion announcements based on Veteran or other non-competitive statuses, we will verify your supporting documentation prior to referral.

    If you are eligible for career transition assistance plans such as ICTAP or CTAP, you must meet the definition of "well qualified" which is defined as having a score of 85 or better.

    If your resume is incomplete or does not support the responses you provided in your online questionnaire, or if you fail to submit all required documentation before the vacancy closes, you may be rated 'ineligible', 'not qualified', or your score may be adjusted accordingly.
    To preview questions please click here .

    Background checks and security clearance

    Security clearance
    Not Required

    Drug test required
    No

    Required Documents

    Please carefully review the following list to determine what documentation you need to submit. Some documents may not apply to all applicants. If you are unsure, click the link for each document type to read more.

    ALL APPLICANTS: You must submit a about what is expected in your resume." href="https://help.usajobs.gov/index.php/How_to_create_your_resume" target="_blank" rel="noopener noreferrer">resume supporting your specialized experience and responses to the online questionnaire.
    • Your resume should list all work experience (paid and unpaid); you must list the full name and address of the each employer.
    • For all types of work experience, you should indicate the start and end dates (include month, day, and year); you must also list the average number of hours per week that you worked.
    • For paid work experience, please indicate your starting grade/salary for each position and the highest grade/salary you earned (if different).
    • Your resume should also include any education and training you have completed (list the program title, subject area, number of hours completed, and completion date).
    • For more information about what to include in your resume, please view this USAJOBS Resume Tutorial video on YouTube.

    Most DOE offices will allow you to submit a resume in the format of your choice (as an attached document or as a USAJOBS Resume Builder format). However, some offices may require one specific format. You will be notified at the time you click 'Apply Online' which type of resume is acceptable. It is important that you are complete and thorough in your resume. If any of the above information is not included in your resume, we may not be able to fully credit you for your experience.

    Current and former Federal employees: Most recent SF-50 (Standard Form 50 - Notice of Personnel Action).

    To properly verify status eligibility, your SF-50 must show the following. If you do not submit an appropriate SF-50, we cannot verify your status eligibility!
  • Full position title;
  • appointment type;
  • occupational series;
  • pay plan, grade, and step;
  • tenure code; and
  • service computation date (SCD).

  • Specific educational requirements are indicated for this vacancy: experience." href="https://help.usajobs.gov/index.php/Education" target="_blank" rel="noopener noreferrer">Documentation verifying your educational claims which can include unofficial transcripts or any report listing institution, course title, credits earned and final grade. Please see the Education section for more information.

    Veterans: authorities and the documentation you need to submit" href="http://www.fedshirevets.gov/job/shav/index.aspx" target="_blank" rel="noopener noreferrer">veteran eligibility documentation (DD-214 Member #4 Copy, VA Letter, Standard Form (SF) 15 as applicable). Please note: If you are a veteran who has not yet been discharged, you may provide a statement of intent to discharge from your agency to receive Veterans Preference under the VOW (Veterans Opportunity to Work) to Hire Heroes Act of 2011.

    Persons with Disabilities: Individuals with intellectual disabilities, severe physical disabilities, or psychiatric disabilities may apply for appointment through the Schedule A hiring authority. flexibilities for persons with disabilities" href="https://www.opm.gov/policy-data-oversight/disability-employment/" target="_blank" rel="noopener noreferrer">Certified verification of a disability from a licensed medical professional; a licensed vocational rehabilitation specialist; or any Federal, state, or District of Columbia agency or U.S. territory that issues or provides disability benefits will be required.

    Displaced Federal employees who qualify for CTAP/ICTAP: If you are a former Federal employee who was displaced due to a Reduction-in-Force (RIF) or surplused by some other means, please submit a copy of the separation letter or RIF notice from your agency. To be selected under I/CTAP, you must still be found well-qualified for this position. Please see the OPM Guide to Career Transition for more information.

    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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