This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/492908400. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
This position is located in the Division of Resolutions and Receiverships, Asset Marketing and Management Branch of the Federal Deposit Insurance Corporation and this position monitors, on behalf of agency management, the performance of entities that have acquired assets from failed financial institutions. The entities in many instances will enter into joint venture agreements that govern the management of the acquired assets. These assets may include loans, securities, real and personal property, and subsidiaries.
Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.
There is currently only 1 vacancy in either Dallas, TX or Washington, DC. The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 18.83% (Dallas) to a high of 25.86% (Washington DC). Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.
03/02/2018 to 03/15/2018
$116,818 - $206,237 per year
CG 14
2 vacancies in the following locations:
Occasional travel - This position requires overnight travel.
Yes—Relocation benefits will be provided.
Permanent - Permanent, Full-Time
Full-time - Competitive Service,
14
No
2018-HQD-B0092
492908400
Perform and monitors work associated with the analysis of financial information, corporate structure, asset mix, and managerial practices of managing members to ascertain the risks inherent in the portfolio and ensure the acquirer makes business decisions to maximize collections and minimize losses to the program and operates the business entity in a prudent and effective manner.
Analyzes financial and industry best practices in various markets to maintain a current understanding of the economic feasibility of asset management, marketing methods and disposition and recovery strategies.
Performs and reviews the analysis of complex documentation to determine the appropriateness of asset realization disposition strategies. Analyze complex asset types and evolving financial risks to ensure least cost/value maximization methodologies are employed.
Performs agreement-specific duties such as, analyzing and reviewing counter party and joint venture partner consent requests, waivers and agreement amendments. Review and monitor submission of periodic reporting from MM including monthly reports, semi-annual cash flow forecasts, asset business plans and other agreement deliverables as applicable.
Performs extensive reviews of the special purpose entities’ financial performance, including projected and actual recovery rates for sector and asset types, critical reviews of valuation approaches including discounted cash flow, sales approach, or other methods employed by the managing members, recovery trends, projected timing for key benchmarks in the portfolio life cycle, and impact of asset disposition options on potential gross and net recoveries.
Serves as FDIC point of contact for compliance monitoring contractors performing periodic, targeted, or termination reviews of LLC’s. Serve as technical monitors and provide technical guidance to compliance monitoring contractors (CMC) and ensures the CMC’s performance and implementation of review steps and procedures to address varied type of severity of LLC compliance risks are conducted in accordance with the Statement of Work for Structured Transactions and meet the program’s objectives to monitor compliance and related risk activities.
Provides reviews and recommendations on acceptance of LLC compliance review deliverables, global deliverables, invoiced hours, contractor security, systems access, and qualification as well as other CMC related expertise. Ensure compliance review results accurately reflect non-compliance activities which are supported by the legal agreements of the LLC and can be acted upon and measured in a timely manner.
Performs activities related to the corrective action resolution of compliance review findings. Manage monetary compliance finding reimbursement and reconciliation processes. Communicate with various internal and external stakeholders as appropriates.
Serves as point of contact, provide problem resolution information, and report to management on complex or sensitive LLC performance and compliance issues related to assigned agreements.
U.S. Citizenship is required.
Registration with the Selective Service.
Completion of Confidential Financial Disclosure may be required.
Employment Conditions.
Moderate Risk Position - Minimum Background Investigation (MBI) required.
Employee may be relocated to any duty location to meet management needs.
To read about your rights and responsibilities as an applicant for Federal employment, click here.
If selected, you may be required to serve a probationary period.
You will be evaluated for this job based on how well you meet the qualifications above.
Your resume and the online assessment questionnaire will be reviewed to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.
Your resume will also be evaluated to measure your responses to the assessment questions. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected.
If you are found qualified, you will be placed in one of three categories: Best Qualified, Highly Qualified, or Qualified. These category assignments are a measure of the degree in which your background and responses to the assessment questions match the competencies/knowledge, skills, and abilities (KSAs) listed below. Within these categories, candidates eligible for veterans' preference will receive selection priority over non-veterans.
1. Knowledge in monitoring of public-private joint LLC ventures where a government agency has partnered with a private sector entity. This experience includes the role as a representative of a limited member in an LLC entity engaged in the resolution of receivership assets.
2. Knowledge of analyzing borrower and asset credit exposure, evaluating credit and investment risks, valuation techniques and modeling practices, and conducting portfolio reviews.
3. Knowledge of the ALR process and how the valuation is utilized in making termination decisions.
4. Knowledge of the understanding and utilization of the body of Legal agreements and the key provisions governing the rights and responsibilities of each member or participant of the Structured Transactions.
5. Ability to apply and understand the body of legal agreements governing the special purpose entities activities to monitor key activities in the business and operations, asset management, financial and reporting, and other actions taken by the Managing Member.
6. Knowledge of and experience as a Task Order Oversight Manager or Technical Monitor on LLC CMC task orders.
7. Ability to effectively communicate or negotiate with the Managing Member executive management to address various issues which may include FDIC's position or interpretation of agreement terms.
You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.
To preview questions please click here.
Please review the following to determine your eligibility and which document(s) is required to complete your application:
VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. (Note: Veterans must submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents.)
INTERAGENCY TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced or surplus Federal employee eligible for consideration under the ICTAP, you must submit proof of eligibility. For more information,click here.
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.
To begin, click the "Apply" button and follow the prompts. If you haven't already, register and establish a USAJOBS account. After you register online, click the "Apply" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application" to complete the application process.
You must apply online. Applicants requesting an exception from the online process must contact the Human Resources Specialist or contact point listed in this announcement prior to 12:00 noon local time on the closing date.
To return to your saved application, log in to your USAJOBS
account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application Information" to continue.
You have until 11:59 p.m. EST (Eastern Standard Time) on the closing date of this announcement to complete the application process.
Please ensure you have completed the application process by verifying the status of your application on-line to reflect: "Received". Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/job/492908400. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.
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