Small Business Administration Logo
Position Title
Loan Specialist
Agency
Small Business Administration
Announcement Number
20-076-TM-DE Opens in new window
Open Period
Friday, January 31, 2020 to Thursday, February 13, 2020
For preview purposes only. To apply, please return to the USAJOBS announcement and click the Apply button.
Eligibilities
1. Do you claim Veterans’ Preference? (limit characters)
Assessment 1
We will evaluate your resume and responses to this Assessment Questionnaire to determine if you are among the best qualified for this position. Your responses are subject to verification and must be supported by your resume and supporting documents. (limit characters)
1. From the responses below, select the ONE statement below that BEST describes your qualifications to meet the basic requirements at the GS-09 grade level.
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Select the one statement that most accurately describes your training and experience carrying out each task using the scale provided. (limit characters)
Select the one statement that most accurately describes your training and experience carrying out each task using the scale provided. (limit characters)
2. Apply rules and regulations in connection with the servicing, purchasing and liquidation of residential and commercial loans.
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3. Use financial and credit factors in the analysis of business and commercial loans.
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4. Review and understand the characteristic requirements, collateral and terms of residential and commercial loans.
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5. Utilize the business practices, financial structures, and pertinent statutory, regulatory and administrative provisions relative to residential and commercial loan servicing.
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6. Apply residential and commercial loan guidelines to make sound liquidation recommendations.
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7. Gather and review facts and data relating to loan balance, lien situations, collateral, and interest of other creditors.
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8. Utilize knowledge of collateral, business types, loan programs, general economic conditions, and specific economic conditions of the community in which the business is located.
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9. Request, understand, and interpret financial statements to identify borrower assets which could provide recovery.
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10. Negotiate and recommend compromise settlement agreements.
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11. Determine when all reasonable collection efforts have been exhausted.
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12. Prepare written recommendations regarding servicing, collection, and/or liquidation actions of residential or commercial loans.
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13. Use knowledge and understanding of business systems, elements of good management and financial organization.
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14. Assist in the development of recommendations for workable solutions.
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15. Communicate with borrowers with regard to problem loan situations
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16. Determine the earning potential of a business enterprise.
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17. Explain policies, procedures, regulations, and provide detailed answers to difficult questions in a one-on-one situation with lender or borrower.
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18. Identify and evaluate financial management problems.
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19. Analyze the underlying problems and causes of the delinquency and identify potential solutions.
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20. Prepare routine correspondence and reports.
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21. Review and analyze requests from borrowers or lenders in relation to servicing, purchasing, and/or liquidating loans.
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22. Examine obligor's present and future financial condition.
(limit characters)