Loan Specialist

Small Business Administration in Little Rock, AR

  • Type: Full Time
position filled
SummaryThis is a bargaining unit position.This is not a (drug) testing designated position (TDP). This position is located in the Small Business Administration, Little Rock Commercial Loan Service Center in Little Rock, Arkansas. The Loan Specialist is responsible for servicing, workouts and/or liquidating routine business/commercial loans.ResponsibilitiesReviews routine and standard consumer and commercial loan documents and determines SBA's rights in the collateral. 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. Analyzes financial statements of obligor(s).and endeavors to determine their prospects for continued payment on consumer and commercial loans in connection with modifications of payments or other loan terms. Investigates and determines financial responsibility of obligor(s). who may be liable for the payment of indebtedness for use in connection with recommending collection procedures, or legal action to enforce payment. Performs variety of tasks for servicing, purchasing and liquidating loans. Contacts lenders, borrowers, and third parties to gather information and make recommendations to maximize recovery to the Agency and minimize loss to the obligor(s). Analyzes potential "work-outs" in common situations and develops recommendations.RequirementsConditions of EmploymentQualificationsGS-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: performing initial analysis of obligor's financial statements and earning potential of a variety of business enterprises or performing commercial collateral appraisals; make initial recommendations for commercial/business loan applications or servicing/liquidation actions; and a demonstrated knowledge of a variety of collateral, business types, loan programs and collection experiences. 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. All qualification requirements must be met by 11:59 pm (Eastern Time) on the closing date of this vacancy announcement.EducationIf you do not meet the specialized experience requirements, you may also qualify with education. You MUST submit transcripts (official or unofficial) with this application if you wish to qualify based on education. GS-09: Successful completion of a master's or equivalent graduate degree in the following major field of 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 two (2) full years of progressively higher level graduate education leading to such a degree or LL.B. or J.D., if related. Combination of Experience and Education:GS-09: Combination of education and experience as specified above. For example, an applicant who has 1.0 full year of Masters level education (i.e. 50% of education required) and 6 months of creditable specialized experience (i.e. 50% of the required experience) would equal 100% of the required experience for the position. APPLICANTS PLEASE NOTE: 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 InformationSUITABILITY, 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. </script>

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