Consumer Loan Officer develops and services consumer loans. Interviews loan applicants to determine financing needs and to offer the appropriate loan products and repayment arrangements. Being a Consumer Loan Officer evaluates loan applications and applicant creditworthiness. Once a loan is approved and negotiated, monitors loan payments, and provides customer service to ensure the borrower's questions are answered and needs are met, and that the loan is repaid appropriately. Additionally, Consumer Loan Officer maintains accurate and thorough records, and follows all applicable organizational, state, and federal policies and regulations. Requires a high school diploma. Typically reports to a manager or head of a unit/department. The Consumer Loan Officer works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Consumer Loan Officer typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)
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Pay Range: Equivalent to GS-13-01 / GS-14-10 / $112,015.00 - $172,075.00
Introduction:
This position is in the Financial Institutions and Capital Mobilization Division (FICMD) under the control of the Office of Financial and Portfolio Management (OFPM) at the U.S. International Development Finance Corporation (DFC).
FICMD manages the portfolio of DFC’s loans to Financial Institutions (FI) (which include loans and loan guaranties to leading commercial banks, non-bank financial institutions, microfinance institutions, microfinance investment vehicles, debt funds, diversified payment rights vehicles, etc.) as well as its financially intermediated loans and loans generated under its framework arrangements (with financial intermediaries). FICMD is also responsible for DFC’s Capital Mobilization (CM) program, including the origination, structuring, negotiation, documentation and administration of funded and unfunded co-lending platforms, through which institutional investors take risk interests in DFC loan portfolios.
Reporting to the Managing Director of Financial Institutions, FICMD (MD/FI), the contractor performs project advocacy, loan management, restructuring, and workout supervision of all FI exposure originated either by DFC directly or generated under DFC’s framework agreements or financially intermediated structures. The contractor shall provide personal services as a senior officer, managing a portfolio of the most complex, sensitive, or precedent-setting finance, commercial bank, NBFI and MFI projects and may perform this work in combination with senior manager duties that encompass management for an issue/area (region or sector). The PSC is also responsible for undertaking all tasks required to process transactions associated with managing funding of DFC approved credits for framework transactions, and negotiating, structuring, obtaining approval, and documentation closing on restructurings. Additionally, the PSC manages loan write downs that may involve handling of assets to mitigate losses to DFC.
Work involves coordinating major finance for international projects, including providing advice and staff support on planning, developing, implementing and evaluating issues related to credit, risk, and DFC policy. At this level, the PSC provides critical support that involves business development, analysis of issues, representing the agency when no need for agreements outside of already established parameters is expected, and negotiating with other U.S. agencies, private consultants, or foreign governments on language in documents to which the United States Government is or will be a signatory. Work may be conducted in any country and any sector (including on-lending to micro finance and banking institutions).
Major Duties and Responsibilities:
How to Apply:
BGA Announcement: https://sam.gov/opp/378c09e2485c47019c9487306fe2b33a/view
This position is part of the Broad Government Announcement (BGA) that has been posted to SAM.gov. Follow the link below to review the BGA along with related documents about this open position and unsolicited submissions. The requirements for a complete submission are listed in these documents.
DFC will review submissions on the 1st and 15th of each month for all open positions, unless otherwise specified in the position announcement, until the PSC position is either awarded or cancelled.
The completed submission quote and questions must be submitted to PSCQuotes@dfc.gov; submission deadline is June 14th, 2024.
Background:
Leading to the Development (BUILD) Act of 2018, DFC may contract with individuals for personal services (PSC), who shall not be considered Federal employees under any provision of law administered by the Director of the Office of Personnel Management. In accordance with the BUILD ACT, a Broad Government Announcement (BGA) is being used to solicit quotes on positions that will be posted throughout a five (5) year period from the date of posting. Any resulting contracts will be made under FAR 37.104 Personal Services Contracts.
Qualifications:
1. EDUCATION and CERTIFICATION: The PSC shall have a minimum of a Bachelor’s Degree in economics, finance, accounting, business administration, or a related field.
2. EXPERIENCE. The PSC shall have a minimum of eightyears of experience in within the last ten years.
Specialized experienced required includes:
The applicants’ resume demonstrates the ability to perform duties and responsibilities in Section C.2. (PWS Section C.3.2.)
3. PREFERRED EXPERIENCE: Evaluation preference will be given to applicants who have the following special skills or knowledge of a technique, process, operating system, etc. (PWS Section C.3.3.):
Work Location:
Work is primarily performed at the DFC office at 1100 New York Ave NW. Washington D.C. 20527. Once a telework agreement is in place, the PSC may work remotely according to DFC Telework Policy.
Travel:
Some domestic and international travel is necessary; carrying reports or other paperwork may be required. All PSC travel shall be approved by their COR and their supervisor. Likely locations of travel to perform services under this contract include DFC-eligible countries. PSCs shall expect to travel up to 25% of the time. PSCs shall receive applicable special pay for travel to hostile locations. The Federal Travel Regulation shall be used to determine special travel pay rates and per diem.
Job Type: Full-time
Pay: $112,015.00 - $172,075.00 per year
Work Location: In person