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Underwriter

Department of Housing and Urban Development
Assistant Secretary for Housing-Federal Housing Commissioner
This job announcement has closed

Summary

This position is located in the Department of Housing and Urban Development, Asst Secretary for Housing-Federal Housing Commissioner.

If you do not meet any of the categories listed above, you may wish to apply under announcement 21-HUD-2131-P which is open for any U.S. citizen to apply. Please refer to that announcement for details on open period, eligibility, and how to apply.

Overview

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Hiring complete
Open & closing dates
10/15/2021 to 11/01/2021
Salary
$86,283 to - $116,403 per year
Pay scale & grade
GS 12
Locations
1 vacancy in the following locations:
Boston, MA
Baltimore, MD
New York, NY
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - 1-5 nights per month
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
12
Supervisory status
No
Security clearance
Not Required
Drug test
No
Announcement number
21-HUD-2130
Control number
617328000

This job is open to

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Clarification from the agency

All candidates who are: Current or former federal employees qualifying as Status Candidates, Federal employees currently serving on a VRA, VEOA eligibles, CTAP/ICTAP eligibles, eligible for special hiring authorities (e.g., the Schedule A appointment for persons with disabilities, or covered by an Interchange Agreement), or Land Management employees eligible under Public Law 114-47.

Duties

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As a/an Underwriter, you will:
- Serve as the primary point of contact for projects assigned with senior HUD management, the sponsor, representatives of other Federal, state and local government agencies, and other external organizations.
- Assume responsibility for each assigned project's overall application, processing, construction, closing, management control, coordination and execution in accordance with HUD's published guidelines and guidance.
- Implement team decisions, applicable regulations and policy in the development of the project. Negotiate and integrate all agency functions including underwriting, planning, design review, cost engineering, appraisal, credit evaluation and approval, loan closing, construction, start-up and long term management systems and sponsor customer needs.

Requirements

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Conditions of employment

The official duty station for this position will be in Baltimore, Maryland, Boston, Massachusetts, and New York, New York. Failure to report to duty at this location may be grounds for a disciplinary action, including removal.

Key Requirements:

  1. Please refer to "Conditions of Employment."
  2. Must be U.S. Citizen or U.S. National.

Qualifications

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

For the GS-12, you must have one (1) year of specialized experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Specialized experience for this position is defined as:
- Utilizing a range of concepts, principles, and practices to finance, originate, underwrite or develop construction or recapitalization of multifamily properties (5 or more units) such as: rental apartment or multifamily cooperative buildings with features such as commercial space, condominium space, age-restrictions or sites with environmental concerns;

Examples of such experience may include:
- Providing technical advice and policy guidance on multifamily development financing and underwriting related issues; OR
- Approving, analyzing, designing, constructing, or operating multifamily apartments using FHA/HUD multifamily mortgage insurance programs, conventional multifamily lending, or subsidized housing programs. Subsidized housing programs include: Low Income Housing Tax Credits, Project-based Section 8 programs, Section 202 or Section 811 Capital Advance programs, Public Housing Programs, Rural Housing Service loans, or other multifamily mortgage programs with direct government subsidies; OR
- Providing oversight or performing underwriting functions, including analyzing and resolving obstacles to successful completion of multifamily housing loan origination or underwriting of market rate transactions and using multiple sources of financing on subsidized properties.


Experience may have been gained in either the public, private sector or volunteer service. One year of experience refers to full-time work; part-time work is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/day/year, and indicate number of hours worked per week on your resume.

Time-in-Grade: In addition to the above requirements, you must meet the following time-in-grade requirement, if applicable:
For the GS-12 you must have been at the GS-11 level for 52 weeks.

Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least three months in that appointment.

Education

This job does not have an education qualification requirement.

Additional information

OTHER INFORMATION:

  • - We may select from this announcement or any other source to fill one or more vacancies.
  • - Relocation expenses will not be paid.
  • - Recruitment incentive may be offered
  • - This is a bargaining unit position.
  • - This position is Non-Exempt from the Fair Labor Standards Act (FLSA).
  • - HUD offers alternative and flexible work schedules.
CONDITIONS OF EMPLOYMENT:
  • - A one year probationary period may be required.
  • - Must successfully complete a background investigation.
  • - Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency- If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
  • - Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
  • - Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
  • - Obtain and use a Government-issued charge card for business-related travel.
  • - Public Trust - Background Investigation will be required.
HUD employees are subject to a number of government-wide and HUD specific ethics laws and regulations, including restrictions on outside employment. To review applicable ethics rules, please visit https://portal.hud.gov/hudportal/HUD?src=/program_offices/general_counsel/ethics

Deadlines to receive vaccine doses to meet the November 22, 2021, are listed below:

  • If receiving the Moderna COVID-19 Vaccine, the deadlines are as follows:
    • first dose by October 11, 2021, and
    • second dose by November 8, 2021
  • If receiving the Pfizer-BioNTech COVID-19 Vaccine, the deadlines are as follows:
    • first dose is October 18, 2021, and
    • second dose is November 8, 2021
  • If receiving the Johnson and Johnson COVID-19 Vaccine, the deadlines are as follows:
    • first and only dose is November 8, 2021

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Your application includes your résumé, responses to the online questions, and required supporting documents. Please be sure that your résumé includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your résumé may result in a "not qualified" determination.

Rating: Your application will be evaluated in the following areas: Administrative Management, Communication, Leadership, and Technical.

Your application will be rated and ranked among others, based on your responses to the online questions, regarding your experience, education, training, performance appraisals and awards relevant to the duties of this position. Your rating may be lowered, if your responses to the online questions are not supported by the education and/or experience described in your application.

Referral: If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview.

If you are a displaced or surplus Federal employee (eligible for the Career Transition Assistance Plan (CTAP)/Interagency Career Transition Assistance Plan (ICTAP)) you must receive a rating of at least 84 out of 100 to be rated as "well qualified" to receive special selection priority.

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