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Loan Assistant

Small Business Administration
Office of Capital Access (OCA), Processing and Disbursement Center (PDC)
This job announcement has closed

Summary

By applying for this position with the Small Business Administration (SBA), you can enjoy challenging but satisfying work and join a highly motivated and diverse team that helps families and businesses rebuild their lives after a disaster.

THIS ANNOUNCEMENT IS IN SUPPORT OF INDIVIDUALS AND BUSINESSES NEGATIVELY IMPACTED BY HURRICANE BERYL.

FINAL PAY RATE WILL BE DETERMINED BY EMPLOYEE'S HOME ADDRESS AND IS NOT NEGOTIABLE.

CURRENT EMPLOYEES NEED NOT APPLY.

Overview

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Hiring complete
Open & closing dates
07/19/2024 to 07/30/2024
This job will close when we have received 500 applications which may be sooner than the closing date. Learn more
Salary
$39,576 to - $63,733 per year

This salary range is based on the Locality Pay Area of Rest of U.S. The employee's actual salary will be based on the duty station.

Pay scale & grade
GS 5 - 7
Location
Many vacancies in the following location:
Location Negotiable After Selection
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - You may be expected to travel for this position.
Relocation expenses reimbursed
No
Appointment type
Temporary
Work schedule
Full-time
Service
Excepted
Promotion potential
None
Job family (Series)
Supervisory status
No
Security clearance
Other
Drug test
No
Position sensitivity and risk
Non-sensitive (NS)/Low Risk
Trust determination process
Announcement number
EXC-24-PDC-12487946
Control number
800890200

This job is open to

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Clarification from the agency

United States Citizens

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Duties

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As an Loan Assistant at the GS-1165-5/7, some of your typical work assignments may include:

  • Review pertinent facts and make eligibility determinations by analyzing factors such as intended use of proceeds, legislative and administrative limits, etc.
  • Contact banks and other third parties to obtain information necessary to formulate loan recommendations.
  • Respond to inquiries from applicants, their representatives and agents, and others concerning the status of applications and reasons for Agency decisions.
  • Process loan modifications by performing necessary analysis and preparing full documentation supporting the analysis.
  • Assist Case Managers with closing and disbursing approved loans.
IMPORTANT NOTES:
  • This is a temporary appointment in the Excepted service with a Full-Time work schedule.
  • By applying for this position with SBA's Office of Capital Access, you can enjoy challenging but satisfying work and join a highly motivated and diverse team that helps families and businesses rebuild their lives after a disaster.
  • Additional selections may be made from this announcement if identical vacancies occur within 180 days from the closing date.
  • This is not a bargaining unit position.
  • This position is telework eligible as determined by agency policy. Employees' primary residence will be their ONLY duty station and work location.

Requirements

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Conditions of employment

  • Favorable background investigation is required.
  • Mandatory Overtime: In order to respond quickly and efficiently to disaster survivors, substantial compensated overtime hours may be required while on assignment (up to seven days a week and ten to fourteen hours a day).
  • This position is not included in a bargaining unit.
  • U.S. citizenship is required.

Qualifications

Generally, time in Non-Pay status is not creditable towards the specialized experience requirement listed below.

You must meet all qualification requirements by the closing date of this announcement.

You may qualify based on experience, education or a combination of both.


Experience: To receive credit, you must indicate the month and year as well as the average hours worked per week for each employer or that experience will not be credited for meeting the specialized experience requirement.

GS-05: To qualify you must have at least three (3) years of general experience in a pay or work status, one (1) year of which is equivalent in difficulty and complexity to the GS-04 level in the Federal service. This experience must demonstrate the following:

  • Gathering and analyzing facts and figures and presenting information or conclusions orally and in writing, OR
  • Providing knowledge on the principles of financial analysis or of insurance laws. This experience may have been gained performing functions such as the following:
    • Working with loans;
    • Reviewing credit reports and/or mortgage documents;
    • Interpreting and explaining pay information to employees;
    • Gathering, analyzing, or presenting financial or insurance information; etc.
GS-07: To qualify you must have at least 1 full year (52 weeks) of specialized experience equivalent in difficulty and complexity to the GS-05 level in the Federal service that has equipped you with the particular knowledge, skill, and ability to perform successfully in this position. This experience may have been gained in a Non-Federal service position. In addition, this Specialized Experience must be related to or demonstrate at least one (1) of the following:
  • Mortgage underwriting of simple residential lending to include making recommendations on loans, OR
  • Analyzing consumer Consumer Bureau Reports (CBR's) to make determinations on credit worthiness, OR
  • Auto lending.
OR

Education

If qualifying based on education, you must submit transcripts to be eligible.

GS-05: Must have a bachelor's or equivalent undergraduate degree in ANY field or 4 full years of related progressively higher level education leading to such a degree, from an accredited college or university. Recent graduates with a bachelor's degree in a related field from an accredited college or university with no prior lending experience are encouraged to apply.

GS-07: Bachelor's degree with GPA of 3.0 or better (Superior Academic Achievement) OR have at least one (1) year of graduate education, in a related field from an accredited college or university (see explanation below):

Superior Academic Achievement
is based on (1) class standing, (2) grade-point average, or (3) honor society membership.1. Class standing - Applicants must be in the upper third of the graduating class in the college, university, or major subdivision, based on completed courses.2. Grade-point average - Applicants must have a grade-point average of: 3.0 or higher out of a possible 4.0 as recorded on their official transcript, or as computed bases on 4 years of education, or as computed based on courses completed during the final two years of the curriculum; OR 3.5 or higher out of a possible 4.0 based on the average of the required courses completed in the major field or the required courses in the major field completed during the final 2 years of the curriculum.3. Election to membership in a national scholastic honor society.

Related 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.

OR

A combination of experience and education as indicated above.

Additional information

If you work or are expected to work at least 90 consecutive days and 130 hours per month, you will become eligible for health, dental, and vision insurance only.

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Applications will be reviewed for qualifications. You will be contacted directly if selected.

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