The Department of Housing and Urban Development is the nation's housing agency committed to strengthening the Nation's housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.Learn more about this agency
This position is located in the Office of the Chief Financial Officer (OCFO), Government National Mortgage Association (Ginnie Mae). Ginnie Mae supports expanded affordable financing of housing in America by providing an efficient government-guaranteed secondary mortgage market vehicle that links the capital market with federal housing markets. Ginnie Mae is a wholly-owned corporate instrumentality of the United States within the Department of Housing and Urban Development. Its principal offices are located in the District of Columbia. Ginnie Mae is authorized to conduct business in any State, territory or possession of the United States.
Ginnie Mae's financial volume compares to that of large commercial banks and industrial corporations, generating $2.1 billion in profits for the U.S. Treasury in fiscal year 2017. In fiscal year 2017 Ginnie Mae guaranteed over $505 billion in single class MBS. Currently, Ginnie Mae guarantees over $1.9 trillion of single class mortgage-backed securities. In addition to its single class securitization program, Ginnie Mae has a multiclass securities program that is made up of Real Estate Mortgage Investment Certificates (REMICs) and Platinum securities. In fiscal year 2017, Ginnie Mae issued over $88 billion in multiclass securities. Currently, Ginnie Mae has over $467 billion in multiclass securities outstanding. Approved Ginnie Mae issuers package mortgage loans and deliver them into Ginnie Mae securities. Loans backing a Ginnie Mae security must be insured or guarantee by one of the following government agencies: Federal Housing Administration (FHA), the Department of Veterans' Affairs (VA) and the Rural Housing Service (RHS), or the Department of Housing and Urban Development Public and Indian Housing (PIH).
The Senior Vice President and Chief Financial Officer (SVP/CFO) serves as primary advisor to the President and Executive Vice President (EVP) of Ginnie Mae, on matters affecting all financial management policies and systems. He/She serves as the principal advisor to the President and EVP of Ginnie Mae on all financial and accounting matters; serves as the principal liaison to the Office of the Chief Financial Officer (HUD/CFO) of the Department with respect to financial management matters relating to programs and activities within the responsibility of Ginnie Mae; and is the Liaison Officer for Ginnie Mae to the General Accounting Office (GAO), U.S. Treasury, the U.S. Congress (CBO), Office of Management and Budget (OMB), HUD Inspector General (OIG) and HUD Chief Financial Officer (HUD/CFO). Primary areas of responsibility include the following:
- Investment Management
- Financial Accounting Management
- Performance Management
- Management and Operations Controls
As required, the incumbent represents the Ginnie Mae President with Congressional representatives, directors and officers of financial institutions, and other government agencies to explain programs and policies, or promulgate the views of the President of Ginnie Mae and promote understanding of the Agency’s objectives in these key areas. The incumbent also manages the Ginnie Mae Office of Finance staffing function.
Job family (Series)
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/510632100. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.