Loan Specialist
Reviews routine and standard consumer and commercial loan documents and determines SBA's rights in the collateral. Inventories collateral to ensure that all pledged property is available or duly accounted for. Obtains appraisals and liquidating value of the inventoried property. Prepares written recommendations for charge off actions on consumer and commercial loans where all collateral has been disposed of or where SBA determines that further liquidation of collateral is not economically feasible. Reviews charged off consumer and commercial loans that are subject to periodic review to endeavor to discover assets that may be available. Analyzes financial statements of obligors and endeavors to determine their prospects for continued payment on consumer and commercial loans in connection with modifications of payments or other loan terms. Working closely with financial institutions and other commercial entities. Investigates and determines financial responsibility of obligors who may be liable for the payment of indebtedness for use in connection with recommending collection procedures, or legal action to enforce payment. Provides necessary information as needed to legal staff in preparing various releases and other documents to be executed on behalf of SBA. Supplies information necessary for filing lawsuits against obligors on behalf of the Agency. GS-09:
One year of specialized experience, equivalent to at least the GS-07 level in federal service obtained in either the private or public sector:
providing analysis of loss mitigation strategies to include loan write-off or foreclosure actions; ordering credit reports, property reports, collateral valuation reports and other data as required by action(s) taken; conducting loan review analysis to determine equity position and documents review on loan tracking platform; reviewing loan file for accuracy of submitted documents on a variety of loan resolution strategies and contacts borrower for follow up; interacting with Loan Servicing Assistant, Senior Loan Specialist and Supervisor throughout loan resolution life cycle; use of Microsoft office products and has ability to analyze title, credit, bankruptcy, loan documents and other documentation to determine recoverable value and resolution recommendations; demonstrates knowledge of a variety of collateral, business types, loan programs and collection experiences. These qualifications must be clearly referenced in your resume. 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:
https:
//www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/1100/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. TIME-IN-GRADE:
If you are a current career or career-conditional federal employee applying for promotion under Merit Promotion you must have completed a minimum of 52 weeks in positions at the next level lower than the position being filled. All qualification requirements must be met by 11:
59 pm (Eastern Time) on 02/03/2020.
Estimated Salary: $20 to $28 per hour based on qualifications.
One year of specialized experience, equivalent to at least the GS-07 level in federal service obtained in either the private or public sector:
providing analysis of loss mitigation strategies to include loan write-off or foreclosure actions; ordering credit reports, property reports, collateral valuation reports and other data as required by action(s) taken; conducting loan review analysis to determine equity position and documents review on loan tracking platform; reviewing loan file for accuracy of submitted documents on a variety of loan resolution strategies and contacts borrower for follow up; interacting with Loan Servicing Assistant, Senior Loan Specialist and Supervisor throughout loan resolution life cycle; use of Microsoft office products and has ability to analyze title, credit, bankruptcy, loan documents and other documentation to determine recoverable value and resolution recommendations; demonstrates knowledge of a variety of collateral, business types, loan programs and collection experiences. These qualifications must be clearly referenced in your resume. 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:
https:
//www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/1100/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. TIME-IN-GRADE:
If you are a current career or career-conditional federal employee applying for promotion under Merit Promotion you must have completed a minimum of 52 weeks in positions at the next level lower than the position being filled. All qualification requirements must be met by 11:
59 pm (Eastern Time) on 02/03/2020.
- Department:
1165 Loan Specialist - Salary Range:
$60,415 to $78,540 per year
Estimated Salary: $20 to $28 per hour based on qualifications.
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