Loan Specialist (Comml)
Job Location:
Princeton, NJ - USA
Yearly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
This position is located in a State or Area Office in USDA/Rural Development (RD). The incumbent has responsibility for statewide support of Community Programs including establishing marketing managing and servicing loans and grants for community facilities public utilities and/or businesses.
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- Reviews and analyzes preapplications applications and all supporting documents to determine loan or grant eligibility and inputs data into appropriate automated database system.
- Prepares written loan/grant recommendations and submits to supervisor for review. Reviews file for completeness and compliance with all prescribed regulations and practices before loan closing.
- Provides a wide variety of servicing actions for assigned less difficult loan cases. Analyzes annual financial statements and reports on closed loans.
- Works with a program specialist and/or supervisor in the development and implementation of an outreach and marketing program for the servicing area.
- You must be a US Citizen or US National.
- Males born after 12/31/1959 must be Selective Service registered or exempt.
- Subject to satisfactory adjudication of background investigation and/or fingerprint check.
- Successful completion of one year probationary period unless previously served. Refer to Next Steps section for more information.
- Direct Deposit - Per Public Law 104-134 all Federal employees are required to have federal payments made by direct deposit to their financial institution.
- Successfully pass the E-Verify employment verification check. To learn more about E-Verify including your rights and responsibilities visit 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.
Time in Grade: Current federal employees applying for a promotion opportunity must meet the time in grade requirement of 52 weeks of service at the next lower grade level in the normal line of progression for the position being filled.
GS-11 level Applicants must have 1 year of specialized experience equivalent to at least the GS-09; or its non-Federal equivalent that demonstrates thorough knowledge and understanding of complex mortgage commercial loan making/servicing and credit principles and practices in order to assess the fundamental soundness of business corporate or municipal loans. Experience independently examining applications reviewing corporate financial documents and servicing activities on a variety of mortgage and commercial loans. Experience may have been gained in work equivalent to analyzing financial information provided by loan applicants; determining eligibility for loans appraising real estate repayment ability; reviewing performing financial analysis of commercial concerns for investment purposes; servicing the loan portfolio of a bank and other loan association and approving applications for agricultural commercial and bank loans. . OR Ph.D. or equivalent doctoral degree if related OR 3 full years of progressively higher-level graduate education leading to such a degree or LL.M. if related OR a combination of education as described and specialized experience.
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.EducationGS-11 level This position does not have an education requirement but education may be substituted for experience. 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.
GS-12 level There is no education substitution for this grade level.Additional informationCareer Transition Assistance Plan (CTAP) Reemployment Priority List (RPL): Visit the OPM website for information on how to apply as a CTAP or RPL eligible. To exercise selection priority for this vacancy CTAP/RPL candidates must meet the basic eligibility requirements and all selective factors. CTAP/ICTAP candidates must be rated and determined to be well qualified (or above) based on an evaluation of the competencies listed in the How You Will Be Evaluated section. When assessed through a score-based category rating method CTAP applicants must receive a rating of at least 85 out of a possible who are preference eligible or who have been separated from the armed forces under honorable conditions after three years or more of continuous active service are eligible for consideration under the Veterans Employment Opportunity Act (VEOA).
If selected you will be required to submit Form OGE-450 within 30 days of your initial appointment date and annually thereafter. Selectee is subject to financial Disclosure Requirements in accordance with 5 CFR Part 2635 Sub part E regarding business or personal transactions with applicants borrowers or business contacts who have or who are seeking business with this Agency. Selectee must be able to obtain and maintain a security clearance. If selected you will be subject to a National Agency Check and Inquiry (NACI) and a credit report.
If you are selected for a position with further promotion potential you will be placed under a career development plan and may be non-competitively promoted if you successfully complete the requirements and if recommended by management. However promotion is neither implied nor guaranteed
This position may also be eligible for flexible work arrangements as determined by agency policy and any applicable collective bargaining agreements.
Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e. physical or mental) covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments you will be granted the opportunity to request a RA in your online application. Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire Competency Based Assessments. Decisions on requests for RA are made on a case-by-case basis. If you meet the minimum qualifications of the position after notification of the adjudication of your request you will receive an email invitation to complete the USA Hire Competency Based Assessments based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement. To determine if you need a RA please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments here.Candidates should be committed to improving the efficiency of the Federal government passionate about the ideals of our American republic and committed to upholding the rule of law and the United States Constitution.
A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
Eligibility for benefits depends on the type of position you hold and whether your position is full-time part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
Required Experience:
IC
