The Bureau of Economic Analysis (BEA) is one of the world's leading statistical agencies, recognized throughout the United States and around the world as a key source for the best and most comprehensive economic statistics available. The data produced by BEA are among the most important tools used in decision-making by policy-makers in the Congress and the executive agencies, including the Council of Economic Advisers, the Federal Reserve, the Office of Management and Budget and the Treasury. BEA's data are also used extensively by private businesses and a wide range of regional organizations, state and local governments, businesses and educational institutions.
Applications under this vacancy announcement will be considered under external competitive procedures only. This vacancy is also being advertised under merit promotion procedures as (BEA-DID-2013-0012). Each announcement requires a separate application using the Census Bureau's on-line application system by logging into http://www.usajobs.opm.gov/ and clicking on "Search Jobs." Merit promotion procedures apply to current or previous Federal employees in the competitive service who are eligible for transfer, promotion, reassignment, or reinstatement. Merit promotion procedures MAY also apply to applicants seeking consideration through a special appointing authority such as Veterans Recruitment Act (VRA), Veterans Employment Opportunities Act (VEOA), Schedule A, etc. Please read the vacancy announcement to determine who may apply.
This vacancy is for an Economist position in the Direct Transactions and Positions Branch, Direct Investment Division, located at the U.S. Department of Commerce, Bureau of Economic Analysis in Washington, DC.
The incumbent serves as an economist reviewing and editing financial and economic data and international transactions data reported by multinational companies on mandatory quarterly surveys of foreign direct investment in the United States. These data are used to compile the economic accounts of the United States and to measure the economic significance of foreign direct investment on the U.S. economy.
BEA has been ranked by its employees as one of the top federal agencies for which to work. It has a dynamic and motivated staff, and encourages professional growth. BEA has an unparalleled location in the heart of downtown D.C., only blocks from the White House and within walking distance to three Metro lines. The Penn Quarter, Logan and Dupont Circles, and the Kennedy and Verizon Centers are all within walking distance. This location provides for a unique balance of intellectual pursuit during the day and wealth of cultural and social activities after work.
This position is in the competitive service.
One year probationary period may be required.
Relocation expenses WILL NOT be paid.
This is a non-bargaining unit position.
The Full Promotion Potential of this position is: ZP-03.
If this position is filled at a level below the full performance level, the selectee may be promoted without further competition. This implies no promise or guarantee of a promotion.
This position may be filled through means other than the competitive promotion process.
The individual selected for this position will:
*Major Duty 1: Review and edit financial and operating data and international transactions data reported by multinational companies on mandatory surveys of foreign direct investment in the United States;
*Major Duty 2: Use customized in-house software to identify potential data discrepancies and irregularities;
*Major Duty 3: Analyze data from an economic and accounting perspective to determine the accuracy, consistency, and reasonableness of individual entries;
*Major Duty 4: Determine if the data are reported in accordance with survey instructions and reporting requirements;
*Major Duty 5: Resolve errors by working with co-workers, supervisors, and reporting company representatives; and
*Major Duty 6: Contact reporting company representatives to explain how survey questions relate to the company’s financial and operating data, to correct inaccurate data, and to acquire additional data when necessary.
Other responsibilities may include assisting with compliance activities, reviewing aggregated survey data, planning and developing the survey questionnaires, and developing and implementing procedures, methods, and techniques for processing the data.