FINANCIAL ECONOMIST

Employer
USAJobs
Location
Washington, D.C
Posted
Sep 22, 2019
Closes
Sep 24, 2019
Function
Administrative
Hours
Full Time
Duties

Summary

This position serves as a Financial Economist within the Departmental Offices (DO), Office of Domestic Finance, Office of the Deputy Assistant Secretary for Government Policy, Office of Federal Lending, Federal Financing Bank (FFB).

Learn more about this agency

Responsibilities

The purpose of this position is to perform sophisticated economic research and analysis on existing lending policies within the Office of Federal Lending that affect the FFB's statutory mission to offer low cost borrowings to guarantor agencies and participants that utilize government financing as an alternative to the private market. In addition, the incumbent will be responsible for performing complex economic and financial analysis of the following key areas: loan terms and conditions; loan pricing; and credit analysis of borrowers that seek to secure government financing through the FFB.

The following are the duties of this position at the GS-13. If you are selected at a lower grade level, you will have the opportunity to learn to perform all these duties, and will receive training to help you grow in this position.
  • Analyze and validate complex pricing methodologies. Analyze loan terms and conditions to determine if current FFB pricing models will work or if new pricing models will need to be developed. Function as a subject matter expert in the area of federal lending policy, staying apprised of developments in pricing methodologies, taking into consideration the economic impact on secondary markets and borrowers.
  • Prepare special memoranda and reports concerning: (a) current economic and financial developments; (b) innovations in financial market practices, instruments, and institutions; (c) federal direct lending, federal borrowing, and federal loan guarantee programs; and (d) pricing implications and potential cost savings regarding direct lending, in addition to a variety of other analyses of related economic and financial subjects.
  • Perform pricing functions. Maintain financial information for loans in the FFB's database. Analyze loans and loan commitments for conformance to the terms of financing commitment agreements. Track the status of loan commitments and related documents. Perform loan pricing functions and communicate loan pricing information to all interested parties. Evaluate and execute FFB transactions including, but not limited to, disbursements, repayments, and pricing calculations and prepayments.


Travel Required

Not required

Supervisory status
No

Promotion Potential
13

Requirements

Conditions of Employment

  • Please refer to "Conditions of Employment."
  • Click "Print Preview" to review the entire announcement before applying.
  • Must be U.S. Citizens or U.S. Nationals


The experience may have been gained in either the public, private sector or volunteer service . One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.

Qualifications

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

Specialized experience: For the GS-13, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. Specialized experience for this position includes:
  • Performing detailed economic or fiscal analysis of commercial or structured loan terms and conditions; loan pricing; and credit analysis of borrowers that seek to secure government or private financing; AND
  • Applying economic and fiscal analysis to assist with processing large structured financial transactions or commercial loans with borrowers, including processing disbursements, repayments, pricing calculations and prepayments; AND
  • Performing loan pricing functions and contractual analysis of structured lending documents, such as analyzing loans and loan commitments for conformance to the terms of the financing commitment agreements.

Specialized experience: For the GS-12 you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Specialized experience for this position includes:
  • Applying economic and fiscal analysis to assist with processing large structured financial transactions or commercial loans with borrowers, including processing disbursements, repayments, pricing calculations and prepayments; AND
  • Assisting with pricing calculations and credit analysis to support processing large and complex structure finance transactions or commercial loans; AND
  • Performing loan pricing functions and contractual analysis of structured lending documents, such as analyzing loans and loan commitments for conformance to the terms of the financing commitment agreements.


Education

Education Requirements:

A. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR
B. Combination of education and experience- courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education.

Examples of qualifying experience include: (a) individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation; (b) supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or (c) teaching assignments in a college or university that included both class instruction in economics subjects and one of the following (1) personal research that produced evidence of results, (2) direction of graduate theses in economics, or (3) service as a consultant or advisor on technical economics problems.

The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education.

Additional information

- We may select from this announcement or any other source to fill one or more vacancies.
- Relocation expenses will not be paid.
- This is a non-bargaining unit position.
- We offer opportunities for telework.

CONDITIONS OF EMPLOYMENT:
- A one year probationary period may be required.
- Must successfully complete a background investigation.
- Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
- If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
- Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
- Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9 . Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
- Undergo an income tax verification.
- Public Trust - Background Investigation will be required.

How You Will Be Evaluated

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

Your application includes your resume, responses to the online questions, and required supporting documents. Please be sure that your resume includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a "not qualified" determination.

Rating: Your application will be evaluated in the following areas: Technical, Analytical, and Communication.

This announcement is issued under "direct-hire" authority. Consistent with 5 U.S.C 3304(a)(3) and OPM regulations (5 CFR 337 Subpart B) on direct-hire: All candidates who meet all the qualification and other eligibility requirements may be referred for consideration. Competitive examining rules providing for rating and ranking and veterans' preference do not apply.

Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.

If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP) ) you must be assigned the middle category or better to be rated as "well qualified" to receive special selection priority.

To preview questions please click here .

Background checks and security clearance

Security clearance
Not Required

Drug test required
No

Required Documents

A complete application includes 1. A resume, 2. Vacancy question responses, and 3. Submission of any required documents. Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).

All applicants are required to submit a resume either by creating one in USAJOBS or uploading one of their own choosing. (Cover letters are optional.) To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your resume. We suggest that you preview the online questions, as you may need to customize your resume to ensure that it supports your responses to these questions. Please view resume tips .

VETERANS' PREFERENCE DOCUMENTATION: If you are claiming veterans' preference, please see applicant guide for required documentation . In order to be considered for veterans preference, you must submit all required documentation as outlined in the applicant guide.

CAREER TRANSITION ASSISTANCE PLAN (CTAP) OR INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP) DOCUMENTATION: If you are a displaced or surplus Federal employee, click CTAP/ICTAP for eligibility and a detailed list of required documents.

EDUCATION DOCUMENTATION: You are not required to submit transcripts for this initial phase of the application process. Candidates will be referred for consideration based on their self-certification. If you are selected for a position which has a positive education requirement (as described in the vacancy announcement) and/or you are qualifying solely on your education, you will be required to submit official transcripts verifying your qualifications prior to a job offer being issued.

A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page .

If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency, if you are selected. Refer to the OPM instructions .

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

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