What are the responsibilities and job description for the Loan Specialist (Commercial) position at National Oceanic and Atmospheric Administration?
This position is located within the Department of Commerce (DOC), National Oceanic and Atmospheric Administration (NOAA), National Marine Fisheries Service (NMFS), Office of Management and Budget (OMB) with three (3) vacancies located in St. Petersburg, FL; or Silver Spring, MD.
This position is also announced under vacancy number NMFS-OMB-24-12542342-DE, which is open to all US Citizens or Nationals. You must apply to both announcements if you want to be considered for both.
Qualification requirements in the vacancy announcements are based on the U.S. Office of Personnel Management (OPM) Qualification Standards Handbook, which contains federal qualification standards. This handbook is available on the Office of Personnel Management's website located at: https://www.opm.gov/policy.
EDUCATION: There is no positive education requirement for this position.
SPECIALIZED EXPERIENCE: Applicants must possess one year of specialized experience equivalent in difficulty and responsibility to the next lower grade level in the Federal Service. Specialized experience is experience that has equipped the applicant with the particular competencies/knowledge, skills and abilities to successfully perform the duties of the position. This experience need not have been in the federal government.
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.
To qualify at the ZA-3 (GS-11/12) grade level:
Specialized experience: Applicants must possess one full year (52 weeks) of specialized experience equivalent to the ZA-2 (GS-9) in the Federal service. Specialized experience MUST include all of the following:
OR
SUBSTITUTION OF EDUCATION: Ph.D. or equivalent doctoral degree or 3 full years of progressively higher-level graduate education leading to such a degree or LL.M., if related with a Major study in 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
COMBINATION OF EDUCATION AND EXPERIENCE: A combination of education and experience as described above.
This position is also announced under vacancy number NMFS-OMB-24-12542342-DE, which is open to all US Citizens or Nationals. You must apply to both announcements if you want to be considered for both.
Qualifications:
UPDATE: Effective 10/02/2024, the Seattle, Washington location is no longer accepting applications. Any applicant selecting that location only will not be considered for this position.Qualification requirements in the vacancy announcements are based on the U.S. Office of Personnel Management (OPM) Qualification Standards Handbook, which contains federal qualification standards. This handbook is available on the Office of Personnel Management's website located at: https://www.opm.gov/policy.
EDUCATION: There is no positive education requirement for this position.
SPECIALIZED EXPERIENCE: Applicants must possess one year of specialized experience equivalent in difficulty and responsibility to the next lower grade level in the Federal Service. Specialized experience is experience that has equipped the applicant with the particular competencies/knowledge, skills and abilities to successfully perform the duties of the position. This experience need not have been in the federal government.
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.
To qualify at the ZA-3 (GS-11/12) grade level:
Specialized experience: Applicants must possess one full year (52 weeks) of specialized experience equivalent to the ZA-2 (GS-9) in the Federal service. Specialized experience MUST include all of the following:
- Contributing to financial analysis on small to mid-sized business requests to determine associated credit risk for potential program borrowers; and
- Assist with assessing collateral values or borrower's repayment ability by analyzing commercial programs, procedures and regulations.
OR
SUBSTITUTION OF EDUCATION: Ph.D. or equivalent doctoral degree or 3 full years of progressively higher-level graduate education leading to such a degree or LL.M., if related with a Major study in 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
COMBINATION OF EDUCATION AND EXPERIENCE: A combination of education and experience as described above.
Responsibilities:
As a Loan Specialist (Commercial), you will perform the following duties:
- Conduct financial analysis for the Fisheries Finance Program (FFP) on commercial loan applicants ranging from small sole proprietors to large corporations in order to determine associated credit risk for potential program borrowers.
- Maintain a loan portfolio of businesses and collect required annual financial reports from borrowers and inputs information into database.
- Review balance sheets and income statements to evaluate the working capital and cash flow abilities of applicants and compose concise loan reports with comprehensive written analysis on loan recommendations.
Salary : $72,553
