Launch Your Federal Career as a Loan Specialist with the SBA
Are you looking for a career that blends financial analysis with community service? The Small Business Administration (SBA) is currently seeking talented individuals to fill the role of Loan Specialist in Birmingham, Alabama. This position offers a unique opportunity to support disaster recovery efforts and empower small business owners to achieve long-term success.
Job Responsibilities
As a Loan Specialist, you will handle a diverse range of responsibilities focused on both commercial and consumer loans. Key duties include:
- Analyzing financial statements to determine borrower payment prospects.
- Collaborating with financial institutions and commercial entities.
- Preparing formal recommendations for loan charge-offs or modifications.
- Conducting collateral inventories and securing property appraisals.
- Investigating financial liability to recommend appropriate collection or legal actions.
Comparison: Term vs. Permanent Appointment
| Feature | Term Appointment | Permanent Appointment |
|---|---|---|
| Duration | 1 to 4 Years | Indefinite |
| Status | Non-competitive | Competitive |
| Benefits | Full Benefits | Full Benefits |
| Conversion | Not guaranteed | Available via path |
Requirements
To be considered for the GS-09 level, you must possess one year of specialized experience equivalent to the GS-07 grade. This includes:
- Knowledge of regulations governing loan servicing and liquidation.
- Proficiency in financial management problem solving.
- Education substitution (Master’s or equivalent graduate degree) is accepted in qualifying fields such as finance, law, or economics.
Salary Overview
This position is classified as a GS-09, offering a competitive annual salary ranging from $62,344 to $81,052. Compensation is subject to federal pay scales and location-based adjustments.
Benefits
Employees of the SBA enjoy a robust benefits package, including:
- Health, dental, and vision insurance.
- Retirement savings through the Thrift Savings Plan.
- Flexible telework options.
- Paid annual leave and federal holidays.
Application Tips
- Tailor Your Resume: Federal hiring managers look for specific details. Quantify your experience with hours per week.
- Don't Forget the Assessment: You must complete the USA Hire assessment within the required timeframe.
- Check Your Documents: Ensure all transcripts and veteran documentation are attached and legible.
Serving as a Loan Specialist at the SBA is more than just a job; it is an opportunity to play a vital role in national disaster recovery. If you have the analytical expertise and the drive to help others, we encourage you to apply today.
Why This Loan Specialist Job Matters
Launch a rewarding career in federal service by joining the Small Business Administration as a Loan Specialist, where your financial acumen directly supports disaster recovery and business growth across the nation.
Loan Specialist Job Overview
The U.S. Small Business Administration (SBA) is seeking a motivated Loan Specialist to join our Disaster Loan Service Center in Birmingham, Alabama. In this pivotal role, you will be responsible for managing a portfolio of disaster business and home loans, performing financial analysis, and overseeing liquidation processes. This position is ideal for finance professionals who are passionate about helping communities rebuild and empowering small business owners to achieve their dreams.
Requirements for Loan Specialist
- U.S. Citizenship
- Must be 18 years or older
- Minimum of one year of specialized experience at the GS-07 grade level or equivalent
- Completion of a full background investigation and favorable adjudication
- Registration with the Selective Service System for males born after 1959
- Ability to serve a 1-year probationary or 2-year trial period
Preferred Qualifications for Loan Specialist
- Master's degree or equivalent graduate degree in finance, banking, law, or real estate
- Strong analytical skills regarding financial statements and credit risk
- Experience in loan servicing, liquidation, or collateral assessment
- Demonstrated ability to prepare professional written recommendations for loan modifications or charge-offs
Federal Benefits & Perks
- ✓Federal health, dental, and vision insurance programs
- ✓Comprehensive life insurance coverage
- ✓Participation in the Federal Employees Retirement System (FERS)
- ✓Thrift Savings Plan (TSP) with government matching contributions
- ✓Flexible telework options consistent with agency policy
- ✓Generous annual and sick leave accrual
💡 How to Apply Loan Specialist Job & Insider Tips
Application Steps for Loan Specialist Job
- Create or update your profile on the official USAJOBS platform
- Prepare a resume that specifically highlights your relevant financial experience (limit to 2 pages)
- Submit your online application including responses to the occupational questionnaire
- Complete the required USA Hire Competency Based Assessment within 48 hours of notification
- Monitor your status through the USAJOBS dashboard
💡 General Tips
- Ensure your resume clearly quantifies your experience (hours per week and specific dates) to receive full credit.
- Do not include personal photographs in your resume documents.
- Dedicate at least three hours of uninterrupted time for the online assessment.
- Verify all uploaded documents are legible and officially attached to your application record before the closing date.
- Address the specific specialized experience outlined in the announcement directly within your resume.
Frequently Asked Questions
What is a 'Term' appointment?
A term appointment is for a specific duration, in this case between 1 and 4 years. It does not confer permanent competitive status but provides valuable federal experience within the SBA.
Can I work remotely?
This position offers telework eligibility depending on job duties and agency policy, though it is not a fully remote position.
What happens if I forget to complete the USA Hire assessment?
Completion of the assessment is a mandatory requirement. Failure to complete it within 48 hours will result in your disqualification from the selection process.
Is this a remote position?
*A: While telework is available under SBA policy, the role requires physical presence in the Birmingham, Alabama office.
What is the closing date?
*A: Applications must be submitted by 11:59 PM ET on August 14, 2026.
Job from Small Business Administration
The Small Business Administration serves as the premier advocate for American entrepreneurship. For over 70 years, the SBA has provided essential capital, contracting expertise, and disaster recovery support to ensure that small businesses can thrive. Working here means contributing to the economic fabric of the United States.