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This Position Is No Longer Available

Job Title:  Insurance Project Specialist, GS-1101-12/13 DE
Agency:  Overseas Private Investment Corporation
Job Announcement Number:  OPIC-INSUR-2014-0001

This position is closed and no longer accepting online applications through USAJOBS.

The contents of the announcement can still be viewed.
$75,621.00 to $116,901.00 / Per Year
Monday, February 10, 2014 to Monday, February 24, 2014
Full-Time - Permanent
1 vacancy - Washington DC, DC   View Map
This position is open to all U.S. Citizens.

This position is also being announced under the Agency's Merit Promotion Procedures.  If you wish to be considered for this announcement, refer to vacancy announcement, OPIC-INSUR-2014-0002.


About the Agency

This position is located in the Insurance Department of the Overseas Private Investment Corporation (OPIC).   The work of the unit involves providing political risk insurance and other risk mitigation instruments; these are available to U.S. investors, contractors, exporters and financial institutions involved in international transactions.  Political risk insurance can cover currency inconvertibility, expropriation and political violence, and is available for investments in new ventures, expansions of existing enterprises, privatizations and acquisitions with positive developmental benefits.


  • Occasional Travel
  • International travel is required.


  • No


  • You must be a U.S. citizen to be considered for this position.
  • You may be required to serve a probationary period of 1 year.
  • You must be able to obtain/maintain a Secret Clearance.


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As an Insurance Project Specialist, you will perform the following duties: 

* Plan, design and carry out projects and studies, personally handling unusually complex and significant issues as well as representing OPIC at the highest levels in negotiations with investors and foreign government representatives.

*  Counsel prospective U.S. investors, analyze request for political risk insurance, negotiate the terms and conditions of insurance and reinsurance contracts, processing of applications and securing foreign government approval of projects and recommending approval of insurance for eligible projects.

*  Review registration letters and formal applications for political risk insurance. Analyze the nature of investment, equity and loan instruments, project agreements, and related documents.  Determines the level of concentration risk in the industry or country.

*  Negotiate and confer with senior officials and/or counsel of the investors regarding character of investment, the appropriate insurance coverage, and provisions of the contract.

*  Prepare or oversee the preparation of the insurance contract in final form, ensuring that it correctly reflects the investor's application and supplementary data, and after appropriate agency clearance, transmits it to the investor for execution and payment of fees.

*  Prepare staff memoranda and papers for presentation to OPIC Management and OPIC's Board of Directors and coordinates presentations of projects for approval as required.

*  Travel overseas in connection with insurance projects to:  receive an orientation to the country; monitor projects; provide information on OPIC insurance; conduct special negotiations; or, deal with specific country problems.

*  Participate in conferences and OPIC events, as requested, to present information about OPIC programs or to develop relationships with potential business partners.


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To qualify for this position, you must have one (1) year of specialized experience equivalent to at least the next lower grade level in the Federal service.  Specialized experience is experience that equipped you with the particular knowledge, skills, and abilities to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled.    

To be considered for GS-12, you must have 1 year of specialized experience at the GS-11 level or equivalent.  Specialized experience includes: knowledge of all aspects of risk mitigation and finance programs, including statutory requirements, authorities, policies, regulations and procedures.

To be considered for the GS-13, you must have 1 year of specialized experience at the GS-12 level or equivalent .  Specialized experience includes: expert knowledge of all aspects of risk mitigation and finance programs, including statutory requirements, authorities, policies, regulations and procedures.  Experience participating in business development; analysis of issues; representing the agency in information exchanges with investors, other USG agencies, and the bilateral and multilateral development finance institutions; and developing legal documents to which the USG is or will be a signatory.


You must meet all qualification requirements within 30 days of the closing date of this announcement.


You will be evaluated on the vacancy related questions that were designed to assess your overall possession of the following competencies/knowledge, skills, and abilities (KSA's):

1. Ability to evaluate country political and economic issues and applying state-of-the-art methodologies for determining insurability, rates, and rights and responsibilities in multiple-party agreements.  
2. Expert knowledge of industrial sectors, developing countries, international relations, and basic business knowledge of the fundamentals of international economics, trade and investment to development of insurance terms and rates, and evaluations of risk.   
3. Ability to communicate orally including negotiating with affected parties such as agency customers or consultants and explaining technical information to a variety of audiences. 
4. Skill in preparing manuscripts which are explanatory, persuasive, or exploratory in nature for a variety of audiences. 
5. Expert knowledge of qualitative research methods and analytical skills to evaluate, perform and respond to a broad range of issues, perform data gathering and conduct analysis, and evaluate other program-related issues.
6. Knowledge of bond capital markets for funding infrastructure projects.

NOTE: We do not require a separate statement responding to the competencies listed above . However, your resume should clearly show possession of these competencies.

We will review your resume and transcripts (if applicable), to ensure you meet the basic qualification requirements. We will evaluate each applicant who meets the basic qualifications based on the information provided and evaluate your relevant personal, educational, and/or work experiences as it relates to the specialized experience and your responses to the online assessment questionnaire. Based on the results of this evaluation, you will be placed in one of two quality categories: Highly Qualified and Qualified. Names of candidates in the Highly Qualified Category will be referred to the selecting official for consideration.

If you are entitled to veterans' preference, you should indicate the type of veterans' preference you are claiming on your resume, as well as provide the required supporting documentation. Your veterans' preference entitlement will be verified. If you are entitled to 5 point veterans' preference and qualify for the position, your name will be placed above qualified nonveterans in your assigned category. If you are a disabled veteran with a service-connected disability of 10% or more and you meet the minimum qualification of the position, you will be listed at the top of the highest quality category. For information on veterans preference see fedshirevets.

Agency Career Transition Assistance Program (CTAP) or the Interagency Career Transition Assistance Program (ICTAP) Eligibles:  If you have never worked for the Federal government, you are not CTAP/ICTAP eligible.  Information about ICTAP or CTAP eligibility can be found by clicking here to access OPM’s Career Transition Resources website.  To be considered well qualified under CTAP/ ICTAP, you must be placed in the Best-Qualified category for this position.  In addition, you must submit the supporting documents listed under the required documents section of this announcement.
To preview questions please click here.


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You can review our benefits at:


More than one selection may be made from this announcement.


REASONABLE ACCOMMODATIONS:  For more information, please see the link at the bottom of this announcement or click here

FORMER FEDERAL EMPLOYEES - If you received a Voluntary Separation Incentive Payment (VSIP) buyout with the Federal government, you must submit a copy of the applicable Notification of Personnel Action (SF-50) regarding the VSIP. Individuals, who accept reemployment with the Federal government within 5 years of receiving the VSIP amount, must repay the gross amount of the separation pay prior to reemployment.

Individuals with hearing impairments may contact the Human Resources Office via the Federal Relay Service at 1-800-877-8339 (TTY/ASCII) or click here, or their state or local relay service.


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Before applying, read the entire vacancy announcement and ensure you are comfortable with the requirements.  If you are a new user to the USAJOBS site and have never registered for an account; you will first need to create an account by clicking here.  Once you have gathered all of the required information and are ready to begin the application process, click the button "Apply online" at the bottom of the page. You will then be directed away from USAJobs to the OPIC Enterprise systems application site. Once you have reached Enterprise, you will be prompted to enter (or update) your contact information on file with us. You can then begin answering the questions in the application. When you are done with all of the questions on a single page, click "Next" and proceed to the next page. If you experience any difficulties with the Enterprise application site, or you do not have access to a computer or the Internet to complete the on-line application, please contact the Human Resource Specialist listed on the vacancy.

All required supporting documents will be collected electronically via the USAJOBS document portfolio feature. To upload a document in USAJOBS: My account. Click on the Portfolio link found under the tabs near the top. Click browse and select a file stored on your computer to include in your portfolio. Files must be less than 2mb and can either be jpg, doc, or PDF format. Once you have selected your file, enter a name for the attachment, making sure to be as accurate in your description as possible. For example, Undergraduate Transcripts versus Graduate Transcripts. Once selected and named, click Upload. After you have successfully uploaded a document, you can click to View or Delete your document(s) at any time. You may also use the direct upload feature through the OPIC Enterprise systems Supporting Documents page (instructions are listed on that page) or you may also fax documentation using the instructions provided in the Required Documents step of this job posting. If using the Fax method, please submit your documents to the phone number appearing on the system generated fax cover sheet. Supporting documentation must be submitted by 11:59 p.m., Eastern Standard Time by the closing date of this job posting. You can upload documents or generate the fax cover sheet(s) when you register or update your information on the OPIC application site which you access through the USAJOBS site. RETAIN THE FAX CONFIRMATION EMAIL AS PROOF OF SUCCESSFUL TRANSMISSION.


Resume - Your resume should be specific to the position you are applying for, relating your skills and experience to those noted in the job posting. Your resume should also list your educational and work experience including the dates (mm/dd/yy) of each employment, the number of hours worked per week, your salary, and grade of any federal position/s held. Your resume will be used to validate your responses to the assessment questionnaire.
Assessment Questionnaire – Completed online job specific self-assessment questionnaire through the Department’s automated system “OPIC Enterprise System”.
Transcript - If you are qualifying based on education OR if there are mandatory education requirements listed under the Qualifications and Evaluations section, you MUST submit a copy of your college transcript(s) with your application.  If selected, an official/sealed college transcript(s) will be required to verify education prior to employment.
Veterans Preference - If you are claiming veteran’s preference, you must provide a copy of your DD-214, “Certificate of Release or Discharge from Active Duty” or, if you are on active duty, an official statement of service from your command/unit showing the date you entered active duty, expected discharge type and date, and campaign medals you have received. If you are claiming 10-point veteran's preference, you must also submit a SF-15, “Application for 10-point Veterans’ Preference.” For further information regarding Veterans Preference, click here.
CTAP/ICTAP – If you are a CTAP/ICTAP eligibility, you must submit a copy of your most recent performance appraisal (a copy of your agency notice, and a copy of your most recent SF-50 (Notification of Personnel action) noting your position, grade level, and the duty location. Additional information about CTAP/ICTAP eligibility can be found here.


Muriel Thomas
Phone: 202-408-6301
Fax: 000-000-0000
Agency Information:
1100 New York Avenue, N. W.
Washington, DC
Fax: 000-000-0000


Once your completed application is received, we will conduct an evaluation of your qualifications and determine your ranking. The highly qualified candidates will be referred to the hiring manager for further consideration and possible interview. You will be notified of the outcome. A selection is expected to be made within 45 work days from the vacancy close date.

TO CHECK THE STATUS OF YOUR APPLICATION: Go to My Account, and log in. Click on 'Application Status' to view the status of your online job applications. Find the job application you would like to check. If it does not display, click on the 'View All Applications' link. For the application of interest, click on the 'More Information' link under the 'Application Status' column. The Application Detail page will display containing information about your application. Click the envelope icon under the 'Email Me A Copy' column to email yourself a copy of your resume and on line assessment responses. TO SIGN UP FOR APPLICATION STATUS UPDATES VIA EMAIL: USAJOBS has added an automatic email notification option for you to receive application status updates. We will continue to update your status on-line as changes are made - please provide sufficient time after the job closes to receive notifications to view your updated status codes.

To activate the proactive notification emails from your USAJOBS profile: - Access My account and log in - Click on Application Status and click the 'Notification Settings' link located below your displayed applications - Select your notification preference and click 'Submit' (you may also select to unsubscribe) These alerts will automatically notify you that your status has changed and remind you to check your USAJOBS profile for the specifics.

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