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    Duties

    Summary

    The Office of Fiscal Projections (OFP) performs three mission critical Treasury functions. OFP produces cash and debt forecasts used by Treasury executives to determine (1) the size and timing of marketable securities issued to finance the daily operations of the Federal Government, and (2) the amount of Federal Debt subject to the statutory limit. The cash flow forecasts represent projections of the daily cash needs of the U.S. government for up to fifteen months into the future. Using these projections, Treasury's debt managers create a pro forma strategy (including the size and timing of Treasury security issues) for financing the cash needs of the Federal Government. The debt forecasts are projections of the amount of federal debt outstanding also covering up to fifteen months into the future. These projections are created to track debt outstanding relative to the statutory debt limit. OFP manages Treasury’s daily cash position and debt position, including the investment of excess funds, as well as the use of extraordinary measures to keep the debt subject to limit under the statutory ceiling during periods of debt limit impasse. OFP provides oversight and ongoing review of receipts and outlays to highlight emerging trends for Treasury and other Administration officials.

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    Responsibilities

    1. Coordination of Staff Effort
    • Insures that the analytical products of the OFP are consistent with current Treasury
    • Department policy, and that they are properly assimilated in the Fiscal Projections System, a Treasury-designated High Value Asset used by OFP to produce cash, debt and budget forecasts and which allows the Office to perform its mission-essential functions.
    • Prepares reports and makes in-depth recommendations. This includes those regarding the possible ramifications of alternate considerations. These recommendations assist the Treasury Department's top-level cash and debt management officials in making basic policy determinations regarding the federal government's financing programs.



    1. Financing Government Operations
    • As the responsible official for fiscal forecasting, plans and develops programs for obtaining information from a wide variety of sources. In this context, directs a staff of Fiscal Affairs Specialists, at grades ranging through GS-15, providing guidance on sources and methods to be used to obtain information and direction on its compilation for analytical purposes. Analyzes the data obtained and makes recommendations on the course of Treasury financing actions--with extensive analyses concerning possible alternative considerations.
    • Serves as a permanent member of the Treasury Financing Group, which is responsible for policy determinations on issuance of marketable Treasury securities, the amounts, terms and types of securities to be offered, and the effect of these issuances on the outstanding public debt and on the securities markets generally.
    • Works closely with, and provides technical guidance to, other Treasury, key agencies, and other business partners responsible for providing OFP with data necessary for accurate determinations with respect to the Treasury's cash position. Works closely with staffs at the Federal Reserve Banks of New York St. Louis and the Federal Reserve Board of Governors to coordinate short-term comparisons and reconciliations of detailed estimates of daily variations in Treasury’s daily cash position. Monitors Treasury cash flows and recommends actions to maximize the earnings value of Treasury cash and minimize costly and disruptive volatilities on the cash flows. Reviews and comments on new cash management proposals in view of their impact on cash and debt operations.



    1. Debt Operations
    • Maintains estimates of the outstanding public debt and the effect of financing and investment fund activity on the debt subject to limit. In addition, the incumbent participates heavily both in deciding upon and carrying out actions essential to keeping the debt below the statutory. These situations used to occur infrequently; the pattern in the last few years has been for them to occur much more often.
    • Participates in the preparation for Congressional hearings on the debt ceiling and related matters. Performs a wide variety of special assignments for the Secretary, Under Secretary or Fiscal Assistant Secretary.
    • In connection with the periodic offerings of public debt securities, provides liaison with and guidance to staff of the Bureau of the Fiscal Service in drafting press announcements, developing terms of sale, and giving guidance on interpretations of offering circulars and questions on tenders submitted by Federal Reserve Banks and others. Acts for the Fiscal Assistant Secretary in verifying that the offerings are in accord with previously determined terms established by the Financing Group.
    • Provides technical guidance to employees of the Bureau of the Fiscal Service and other Federal agencies in connection with the investment of trust and other funds in United States obligations, the responsibility for which is vested in the Secretary of the Treasury by law. Assumes overview responsibility for the Fiscal Assistant Secretary to ascertain (1) compliance with statutory requirements and consistency in the execution of such transactions, and (2) adherence to Treasury policy. Reviews Treasury investment policies and recommends changes as needed. In this connection, provides staff support to the Secretary of the Treasury in his role as Managing Trustee of the Social Security Trust Funds and maintains liaison with staff of other Board members and with the Social Security Administration. Deals directly with Federal agencies in connection with their interests in investment operations. Responds to Congressional inquiries and provides investment analyses and testimony on investment policy.



    Travel Required

    Not required

    Supervisory status

    Yes

    Promotion Potential

    ES

    Who May Apply

    This job is open to…

    All U.S. Citizens and U.S. Nationals.

    Questions? This job is open to 2 groups.

This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/507053200. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.