Financial Economist

Summary

This position is located at Department of Housing and Urban Development, Asst Secretary for Housing-Federal Housing Commissioners; Office of Housing, Office of Risk Management and Regulatory Affairs. The Office of Risk Management and Regulatory Affairs monitors FHA’s business activities and is FHA’s primary data analysis and risk assessment office.

Duties

• HUD's Mission The mission of the U.S.
• Department of Housing and Urban Development is to foster strong communities by supporting access to quality, affordable housing, expanding the housing supply, and unlocking homeownership opportunities for the American people.
• The Department is committed to furthering the promise of self-sufficiency in every American while promoting economic development to revitalize rural, tribal, and urban communities across the country.
• The Office of Housing provides vital public services through its nationally administered programs.
• It oversees the Federal Housing Administration (FHA), the largest mortgage insurer in the world, and regulates important parts of the housing industry.
• The Office of Housing is committed to building and preserving healthy neighborhoods and communities through homeownership, rental housing and healthcare opportunities.
• As a Financial Economist, you will: Prepare statutorily-mandated reports and other in-house actuarial studies and analyses for FHA Multifamily and Healthcare insured mortgage programs Prepare annual credit subsidy estimates for Multifamily and Healthcare programs for inclusion in the HUD budget Prepare liability for loan guarantee and loan loss reserve estimates for inclusion in the annual FHA audited financial statements Define the criteria for the financial risk assessment of HUD-insured and -assisted Multifamily and Healthcare properties

Requirements

The official duty station for this position will be in Alexandria, Virginia. Failure to report to duty at this location may be grounds for a disciplinary action, including removal. Key Requirements: Must be U.S. Citizen or U.S.

National. A one year probationary period may be required. Continued employment is contingent upon supervisory certification that continued employment will benefit the Federal Service; the certification will occur no less than 30 days before the end of the probationary/trial period. Must successfully complete a background investigation.

Public Trust – Background Investigation will be required. Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency. Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer. 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.

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. Please refer to “Additional Information Section for additional Conditions of Employment.”

Education

The education generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions.

Economist Series, 0110 Individual Occupational 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.

Evaluation of Experience: Examples of qualifying experience include: 1. Individual economic research assignments requiring planning, information assembly, analysis and evaluation, conclusions and report preparation; 2. Supervisory or project coordination assignments involving a staff of professional economists, and requiring the evaluation and interpretation of economic information; or 3. 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.

Experience in related fields that did not involve the use and understanding of economic principles and theories may not be used as qualifying experience for these positions. Special attention on this point should be given to certain types of work that may or may not have provided professional economic experience. The following examples of work require special care in such determinations: 1. Economic statistics; 2.

Industrial surveys; 3. Management of individual business enterprises, including farms; 4. Industrial planning; 5. Writing or editorial work in economic subjects; and 6.

Financial market analysis.

How You Will Be Evaluated

Your application includes your resume 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: You will be evaluated based on how well you meet the qualifications listed in this vacancy announcement. Your qualifications will be evaluated based on your application materials (e.g., resume, supporting documents), your responses to the application questions, and your responses to all assessments required for this position.

To be considered for this position, you must complete all required steps in the process. In addition to the application, this position requires an online assessment. This online assessment uses structured questions about your past work to help understand your experience and determine how well your skills fit the role. Overstating your qualifications and/or experience in your application materials or application questions may result in your removal from consideration.

You will be assessed on the following competencies (knowledge, skills, abilities, and other characteristics): Strategic Thinking – Formulates effective strategies consistent with the business and competitive strategy of the organization in a global economy; examines policy issues and strategic planning with a long-term perspective; determines objectives and set priorities; anticipates potential threats or opportunities. Oral Communication – Expresses information (for example, ideas or facts) to individuals or groups effectively, taking into account the audience and nature of the information (for example, technical, sensitive, controversial); makes clear and convincing oral presentations; listens to others, attends to nonverbal cues, and responds appropriately. Technical Competence – Uses knowledge that is acquired through formal training or extensive on-the-job experience to perform one’s job; works with, understands, and evaluates technical information related to the job; advises others on technical issues. Written Communication – Writes in a clear, concise, organized, and convincing manner for the intended audience. ***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, category rating, 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.

Required Documents

• A complete application includes: 1.
• A resume: 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.) USA Jobs restricts resume uploads to a maximum of 2 pages.
• Resumes attached in other sections (such as "Documents" or "Other") will not be considered in the determination of specialized experience.
• If multiple resumes are submitted, the resume submitted last (based on time stamp) will be the only one reviewed as a part of your application.
• To ensure readability, resumes must be formatted using an easy-to-read font (such as Lato, Calibri, or Arial) with a minimum font size of 10-points and margins no smaller than 0.5 inches.
• Failure to follow these formatting guidelines may result in disqualification from further consideration.
• To receive full credit for relevant experience, please list the month/date/year and number of hours worked for experience listed on your resume.
• For resume writing guidance, please visit USAJOBS Help Center – How do I write a resume for a federal job? 2.
• Vacancy question responses: All applicants are required to complete vacancy question responses by clicking the apply online button of this vacancy announcement. 3.
• Submission of any required documents identified below, if applicable: 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) 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) ELIGIBLE INDIVIDUALS: If you are a displaced or surplus Federal employee, click CTAP/ICTAP for eligibility and a detailed list of required documents you must submit in order to be eligible.
• EDUCATION DOCUMENTATION: For positions with an education requirement, or if you are qualifying for this position by substituting education or training for experience, you MUST submit a copy of your transcripts or equivalent.
• An official transcript will be required if you are selected.
• A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S.
• 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.
• Refer to the OPM instructions.