FINANCIAL ECONOMIST
What you'd do
This position is located in the Department of Housing and Urban Development, Asst Secretary for Housing-Federal Housing Commissioner. If you do not meet any of the categories listed below, you may wish to apply under announcement 26-HUD-12986441-P which is open for any U.S. citizen to apply. Please refer to that announcement for details on open period, eligibility, and how to apply.
Major 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. The Office of Risk Management provides independent assessments of emerging and existing risks, communicates substantiated evaluation of risks, as well as recommends risk management strategies and risk mitigation tactics to FHA, its partners, customers and constituents in order to strengthen consumer confidence in the Federal Housing Administration Programs, while increasing capital reserves. As a FINANCIAL ECONOMIST, you will: - Develop econometric models in conjunction with Office of Risk Management contractors for in-house actuarial reviews of programs within the FHA General Insurance and Special Risk Insurance funds and for identifying emerging trends or risk factors affecting the performance of FHA GI/SRI Fund programs. - Advise the FHA Commissioner and senior management regarding premium and underwriting policies for Single Family Forward and Home Equity Conversion Mortgage (HECM) insurance programs that achieve target credit subsidy rates. - Assume responsibility for accuracy and timeliness of cash flow estimates used in the preparation of FHA's audited financial statements, budget estimates, actuarial reviews, and or other reports prepared by the Office of Risk Management or its contractors. - Serve as technical and policy liaison with Federal oversight entities, such as the Office of Management and Budget, the General Accounting Office, the Office of the Inspector General, and the Congressional Budget Office, regarding financial and actuarial assessments and audits of various FHA mortgage insurance programs. - Serve as technical and policy liaison with other HUD Offices regarding financial and actuarial assessments and audits of various FHA mortgage insurance programs.
What you need to qualify
You must meet the following requirements within 30 days of the closing date of this announcement. Specialized Experience: For the GS-14 grade level, you must have one year (52 full weeks) of specialized experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service. Specialized Experience for this position includes: - Analyzing and applying techniques to conduct financial and risk assessments of financial data for policies, initiatives, and programs such as single family, multifamily or healthcare housing industries; AND - Assisting in the development of research designs for models related to the analysis of housing or urban or rural economics, public finance, financial economics, labor economics, or microeconomics. 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. Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable: For the GS- 14must have been at the GS-13 level for 52 weeks. Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.
Before you apply
Federal applications are different: your resume should be 3–5 pages and mirror the language of this announcement. Read our federal resume guide first — it's the #1 reason qualified people get screened out.
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