Loan Specialist (Commercial)

This position is located in the Watertown, NY Area Office in USDA/Rural Development (RD). The
incumbent has responsibility for establishing, marketing, managing and servicing loans and grants for community facilities, public utilities, and/or businesses.
THIS IS NOT A REMOTE/VIRTUAL POSITION.Qualifications:
Applicants must meet all qualifications and eligibility requirements by the closing date of the announcement including specialized experience and/or education, as defined below.
For 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 or commercial loan making/servicing and credit principles and practices in order to assess the fundamental soundness of business, corporate or municipal loans and to independently examine applications and corporate financial documents and maintain 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 and repayment ability; reviewing and approving applications for agricultural, commercial, and bank loans; servicing the loan portfolio of a bank and other loan association: performing financial analysis of commercial concerns for investment purposes; appraising real estate and business property to determine property valuation, or similar work. 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.
For GS-12 level: Applicants must have 1 year of specialized experience equivalent to at least the
GS-11; or its non-Federal equivalent that demonstrate comprehensive knowledge and understanding of technicalities of commercial financing and credit and skill in directing and evaluating employees. Experience may have been gained in such work as reviewing and passing on applications for complex business and/or municipal transactions or by servicing a commercial loan portfolio; analyzing financial information provided by loan applicants, determining eligibility for loans and repayment ability, reviewing and approving applications for agricultural, commercial and bank loans; servicing a loan portfolio of a bank or other loan association. Providing financial management guidance to borrowers in ascertaining and analyzing the many and often obscure facts regarding the corporate borrower's financial capacity; evaluating the general economic and financial conditions that affect the organization/governments risk in granting, guaranteeing or insuring loans; and participating with overall office management by providing guidance and direction to lower level
employees. There is no substitution of education.
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.
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.
NOTE: To be considered for this position, you must meet all qualification and eligibility requirements for the GS-1165 series set forth in the Office of Personnel Management (OPM) Qualification Standards by the closing date of the announcement. A copy is available at: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standardsEducation: A transcript must be submitted with your application if you are basing all or part of your qualifications on education.
Employment Type: FULL_TIME