Loan Specialist (Commercial)

Company

Other Agencies and Independent Organizations - Small Business Administration

Location

Herndon, Virginia Herndon, Virginia

Type

Full Time

Job Description

Summary

This position is located in the Small Business Administration, Herndon National Guaranty Purchase Center in Herndon, VA. The incumbent serves as a Loan Specialist in one of the National Guaranty Purchase Center and is responsible for performing servicing, purchase, or liquidation activities.

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Requirements

Conditions of Employment

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

Qualifications

GS-9: One year (12-months) of specialized work experience equivalent to the GS-07 grade level in the federal service (obtained in either the private or public sector) performing the following: explains commercial loan programs (e.g., SBA 7(a)/504 loan programs or lending institutions loan programs) and associated credit risk factors to lenders and lending partners; AND analyzes less complex commercial loan applications (e.g., SBA 7(a)/504 loan programs or lending institutions loan programs) for program eligibility and creditworthiness.

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 06/17/2024.

Education

If 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-9: Master's degree or equivalent graduate degree OR 2 full years of progressively higher level graduate education leading to such a degree in the following fields: finance, accounting, banking and credit, or other related coursework; OR LL.B or J.D. if related. (You MUST submit a copy of your transcript(s) if you are basing all or part of your qualifications on education).

OR

COMBINATION OF EDUCATION AND EXPERIENCE: An equivalent combination of the above education and experience. For example, six months of specialized experience (50% of the experience requirements) and 27 semester hours or 41 quarter hours of graduate education as described above (50% of the education requirement, in excess of the first 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).


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 information

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Date Posted

06/07/2024

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