Loan Specialist Jobs

Loan Specialist

Minimum Education: Bachelor’s Degree or equivalent experience

General Experience: A minimum of two (2) years of related experience.

Major Duties

Contractor shall assist the Division of Financial Reporting and Analysis, Loan Accounting Section transition to the new Loan Management System (LMS) and the Financial System and subsystem by (1) processing a broad range of loan accounting transactions (2) assisting with analysis and preparation of schedules used for reports (3) testing transactions and (4) maintaining loan records.

•Process check collections for direct loans, assigned guaranteed loans and premium payments in Financial System and subsystem.

•Process accruals of interest, penalties, and administrative fees for direct and assigned guaranteed loans.

•Process IPAC collections for direct loans and assigned guaranteed loans and send receipts for collections.

•Process loans workouts in Financial System and subsystem.

•Establish amortization schedules in Financial System and subsystem.

•Provide statements to borrowers.

•Reconcile loan balances between Financial System and subsystem.

•Respond to inquiries from borrowers, lenders, program staff and other government agencies.

•Analyze complex financial data and perform complex reconciliations between Financial System and subsystem.

•Conduct daily edits, adjustments to ensure that postings are correct.

•Process write-off transactions for canceled loans and CNC loans.

•Process IPAC collections to post interest earned from Treasury on un-invested funds.

•Serve as backup to staff assigned to processing of guaranteed loans transactions.

•Analyze complex financial data and perform complex reconciliations between Financial System and subsystem.

•Analyze postings of accruals and collections related to CNC loans and loans returned from Treasury.

•Ensures all loan files are labeled in accordance with the Bureau's records management requirements.

•Maintain an accurate filing system for all loan records.

•Prepare file boxes and arrange for shipment to archives.

Minimum Qualifications

•Demonstrate abilities to analyze and interpret financial data, to interact effectively with others in a broad range of functional and technical backgrounds, and to handle pressures in a deadline-driven environment.

•Be proficient in using financial systems and software application (e.g., Microsoft Excel, Word, etc.) for analysis and preparation of supporting documentation;

•Contractor personnel must have the appropriate security clearance/background check at the time of contract start date.