At Federal Student Aid (FSA), we are proud sponsors of the American mind. As a principal office of the U.S. Department of Education (ED), FSA provides students and families financial assistance for higher education, and we promote the value of postsecondary education to society. We ensure that all eligible students and families can benefit from federal financial aid for education or training beyond high school.
Summary
At Federal Student Aid (FSA), we are proud sponsors of the American mind. As a principal office of the U.S. Department of Education (ED), FSA provides students and families financial assistance for higher education, and we promote the value of postsecondary education to society. We ensure that all eligible students and families can benefit from federal financial aid for education or training beyond high school.
Open to U.S. Citizens. This is a Temporary Appointment Not-to-Exceed 1 year to address the need for hiring additional staff in response to, or as a result of, the Coronavirus disease 2019 (COVID-19). This appointment may be extended an additional year if needed.
In response to COVID-19, the incumbent will serve as a Temporary Financial Analyst in the Federal Student Aid, Partner Eligibility and Oversight Services Directorate, School Eligibility and Oversight Services Group. The School Eligibility and Oversight Services Group (SEOSG) is responsible for the oversight services of eligible postsecondary Title IV schools and their servicers. This includes determining institutional and program eligibility, resolving and analyzing an institution's compliance audits and financial statements, conducting program reviews of institutional Title IV compliance, and management of un institution's method of payment. Each division within the Group has responsibility for the oversight of specific institutions assigned to it. Institutions are generally assigned to a division based on the location of an institution's main campus or its unique ownership structure. Each division may be responsible for some or all of the oversight responsibilities under the purview of the SEOSG. The incumbent may be assigned to any Division within the Group.
As a Financial Analyst, you will perform the following duties:
Analyze financial statements submitted by the institution or their parent to determine the participation of newly eligible institutions, the continued participation of institutions previously approved or, the termination of previously approved participating institutions.
Initiate correspondence to explain policies, request additional information, or request clarification of submitted material.
Review eligible institutions and documents the review, findings, final determination in various internal computer systems for the continued eligibility of institutions.
Run reports of various types for analysis and to determine trends.
Background Investigation and Fingerprint Check (if applicable)
You must meet all qualification requirements within 30 days of the closing date of this vacancy announcement.
Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills, and can provide valuable training and experience that translates directly to paid employment. We will consider all qualifying experience, including any volunteer experience.
Qualifications
Specialized Experience (for positions above GS-5): Experience such as performing financial analysis and evaluation work requiring a comprehensive knowledge of (1) corporate finance and any specialized fields of finance required such as public finance, securities, international finance, money and securities markets, investments, and banking, and (2) the financial and management structure, operations, and practices of corporate and other organizations. Specialized experience is defined as experience that is in or directly related to the line of work of this position and has equipped you with the knowledge and competencies to successfully perform the duties of this position. More specifically, for the GS-12 level, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-11 grade level in the Federal service. Specialized experience must include performing at least two (2) of the following three (3) duties or assignments:
Has experience with multiple database systems in gathering, analyzing, and evaluating technical financial statement information in order to perform ratio analysis and prepare financial analysis worksheets and reports to substantiate and document compliance with financial analysis regulations.
Advanced experience writing clear and concise financial correspondence and reports.
Acquired and has demonstrated general knowledge of financial principles, theories, concepts and practices that are applicable to financial analysis in determining the of financial stability of a business entity. Possesses experience working with accrual and fund accounting statements of public, private, and proprietary educational institutions.
For the GS-13 level, you must have one year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. More specifically, specialized experience must include performing at least two (2) of the following three (3) duties or assignments:
Acquired and has demonstrated a comprehensive knowledge of financial principles, theories, concepts and practices that are applicable to financial analysis in determining the of financial stability of a business entity.
Has comprehensive experience with multiple database systems in gathering, analyzing, and evaluating technical financial statement information in order to perform ratio analysis and prepare financial analysis worksheets and reports to substantiate and document compliance with complex institution financial analysis regulations.
Possess advanced experience with writing and explaining technical or complex financial information to a variety of individuals.
Knowledge, Skills, and Abilities (KSAs) The quality of your experience will be measured by the extent to which you possess the following knowledge, skills and abilities (KSAs). You do not need to provide separate narrative responses to these KSAs, as they will be measured by your responses to the occupational questionnaire (you may preview the occupational questionnaire by clicking the link at the end of the Evaluations section of this vacancy announcement).
Knowledge of generally accepted accounting standards, financial principals, theories, concepts and practices applicable to financial analysis.
Skilled in Oral and written communication skills which allow the analyst to explain policies, to explain decisions, to request additional information, and to request clarification of submitted material.
Skilled in the utilization of personal and networked computers.
Additional information
Equal Employment Opportunity: We do not discriminate on the basis of race, color, religion, sex, national origin, age, disability, genetic information, sexual orientation, gender identity, status as a parent, marital status, or political affiliation.
People with Disabilities: We are committed to expanding access to employment by hiring people with disabilities; providing reasonable accommodations for people with disabilities; and, identifying and removing barriers to work. Persons with disabilities, including disabled veterans, may apply for jobs filled either competitively (where qualified individuals compete with one another through a structured process), noncompetitively (where a qualified individual may be selected based on a special hiring authority), or through an excepted appointing authority for people with disabilities (i.e., Schedule A). If you require a reasonable accommodation for any part of the application process, please contact us. The decision on granting reasonable accommodation is made on a case-by-case basis. For more information, please visit: http://opm.gov/disability/PeopleWithDisabilities.asp
Veterans’ Career Counseling: If you are a veteran interested in receiving tips on preparing a Federal resume and/or how to prepare for an interview, you may email Iwork@ed.gov to schedule a session with a career counselor (“Veterans Counseling Session” should be placed in the subject line of the email).
Selective Service: If you are a male applicant born after 12/31/1959, you must have registered for the Selective Service. For more information, please visit: https://help.usajobs.gov/index.php/Registering_with_the_Selective_Service_before_you_apply or http://www.sss.gov/default.htm.
Student Loan Default: If selected for this position, we will verify that you have not defaulted on any loan funded or guaranteed by the U.S. Department of Education. If you are found to be in default, we will contact you to make arrangements for repayment prior to making an official offer of employment.
Suitability and Investigation: If selected for this position, you will be required to complete the Declaration for Federal Employment (OF-306) to determine your suitability for federal employment and subject to a pre-appointment investigation/background check.
Level of Risk and Sensitivity: Moderate Risk
Probationary Period: If selected for this position, you may be required complete a probationary period.
Essential/Non-Essential: This position may be considered essential for purposes of reporting to work during federal government closures.
Financial Disclosure: This position does not require financial disclosure.
Telework: This position is telework eligible.
Bargaining Unit: This position is included in the bargaining unit.
Time After Competitive Appointment: Candidates who are current Federal employees serving on a non-temporary competitive appointment must have served at least 90 days in that appointment before the agency can promote, transfer, reinstate, or detail an employee to a different position or different geographical area. When moving employees is consistent with open competition principles, OPM may waive the restriction against movement to a different geographical area upon written request from an agency.
FSA is a great place to work. We offer a comprehensive benefits package, including paid vacation and sick leave, federal holidays, and certain health-eligibility based on minimum work hour requirement. For more information about the many benefits available to Federal employees, please visit: https://help.usajobs.gov/index.php/Pay_and_Benefits
As an FSA employee, you will also benefit from our family-friendly work environment. As part of our commitment to maintain a productive balance between work and home, we offer excused leave for Parent/Teacher Conferences (3 hours); excused leave for annual health screenings (4 hours); and matching leave for community volunteer service. Other flexibilities that may be available to you, may include teleworking and alternative work schedules.
How you will be evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
Current or Former Political Appointees: The Office of Personnel Management (OPM) must authorize employment offers made to current or former political appointees. If you are currently, or have been within the last 5 years, a political Schedule A, Schedule C, Non-career SES or Presidential Appointee employee in the Executive Branch, you must disclose this information to the Human Resources Office.
Selections: Agencies have broad authority under law to hire from any appropriate source of eligible, and we may fill a vacancy in the competitive service by any method authorized, including competitive appointment from a list of eligible, noncompetitive appointment under special authority, reinstatement, transfer, reassignment, change to lower grade, or promotion. We may make additional selections from this vacancy announcement within 90 days from the date the selection certificates are issued, should vacancies occur. We may share selection certificates amongst program offices across the agency.
We use a multi-step process to review and evaluate applicants:
1. Eligibility and Minimum Qualifications Once the vacancy announcement closes, we will review your submitted resume and documents to determine if you meet the eligibility and minimum qualification requirements, including any required education, experience, and/or selective placement factors. You will be rated as ineligible if you are outside of the area of consideration (i.e., who may apply) or your application is missing any required documents. You will be rated as not qualified if you do not possess the minimum qualification requirements.
2. Rating and Ranking If you are found to meet both the eligibility and minimum qualification requirements, we will assess the quality of your experience and the extent to which you possess the required KSAs by comparing your submitted resume and documents against your responses to the occupational questionnaire. Your application may be referred to a subject matter expert or panel of subject matter experts for further evaluation.
Based on the outcome of this evaluation, you will be placed into one of three categories: Best Qualified, Well Qualified, or Qualified.
If your responses to the occupational questionnaire are not substantiated by your submitted resume, you may be eliminated from receiving further consideration.
Veterans’ Preference: Qualified veterans’ preference eligibles will be ranked ahead of qualified non-preference eligibles within each category for which they are qualified. Qualified veterans’ preference eligibles with a compensable service-connected disability of 10 percent or more (CPS and CP) will be placed at the top of the Best Qualified category, except in the case of scientific or professional positions at the GS-9 grade level or higher.
3. Referral and Selection If you are found to be amongst the most highly qualified applicants, you will be referred to the selecting official. As part of the assessment and selection process, the selecting official may invite you to participate in a structured interview, check your references, and/or request that you submit a writing sample or complete a written assessment or exercise to further evaluate your qualifications for this position.
If you require reasonable accommodation for any part of the interview process or written assessment or exercise, please inform the selecting official at the time of scheduling.
FSA is a great place to work. We offer a comprehensive benefits package, including paid vacation and sick leave, federal holidays, and certain health-eligibility based on minimum work hour requirement. For more information about the many benefits available to Federal employees, please visit: https://help.usajobs.gov/index.php/Pay_and_Benefits
As an FSA employee, you will also benefit from our family-friendly work environment. As part of our commitment to maintain a productive balance between work and home, we offer excused leave for Parent/Teacher Conferences (3 hours); excused leave for annual health screenings (4 hours); and matching leave for community volunteer service. Other flexibilities that may be available to you, may include teleworking and alternative work schedules.
You must submit (REQUIRED FOR ALL APPLICANTS): • A resume demonstrating your education, experience, training, and accomplishments as it relates to the qualifications for this position and substantiating your responses to the occupational questionnaire. • A completed occupational questionnaire.
If you are claiming veterans' preference/Veterans Employment Opportunities Act (VEOA), you must submit: • A copy of your DD214, member copy 4 (Separated Members only).
• Current Active Duty members must submit a certification of expected discharge or release from active duty under honorable conditions dated within the last 120 days.
• A certification of expected discharge or release from active duty under honorable conditions. A “certification” is any written document from the armed forces that certifies the service member is expected to be discharged or released from active duty service in the armed forces under honorable conditions within 120 days after the certification is submitted by the applicant. The certification letter should be on letterhead of the appropriate military branch of the service and contain (1) the military service dates including the expected discharge or release date; and (2) the character of service. (Current Active Duty Members only)
• The Application for 10-Point Veteran Preference (SF-15) • The Application for 10-Point Veteran Preference (SF-15) https://www.opm.gov/forms/pdf_fill/SF15.pdf AND all documents indicated on the form as proof of type of preference (e.g., a letter from the Department of Veterans' Affairs certifying the service-connected disability and percentage of disability) (if VEOA eligibility is based on a service-connected disability or derived preference).
• Certain Military Spouses Eligible under E.O. 13473: Permanent Change of Station (PCS) orders, issued within the last 2 years, that lists you as authorized to accompany the Military member to the new duty permanent station; OR verification of the member's 100% disability (VA Letter); and/or verification of the member's death while on active duty (DD-1300 and Death Certificate) AND verification of the marriage to the service member (i.e., a marriage license or other legal documentation verifying marriage).
If you are claiming selection priority under Interagency Career Transition Assistance Plan (ICTAP) and Career Transition Assistance Plan (CTAP), please visit: CTAP: http://www.ed.gov/about/jobs/open/edhires/ctap.html ICTAP: http://www.ed.gov/about/jobs/open/edhires/ictap.html
If you are relying on your education to meet qualification requirements:
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.
Step 1: Create a USAJOBS account (if you do not already have one) at www.usajobs.gov.
Step 2: Create a resume using the USAJOBS resume builder or upload a resume into your USAJOBS account. Ensure that your resume demonstrates your education, experience, training, and accomplishments as it relates to the qualifications for this position and substantiates your responses to the occupational questionnaire.
Step 3: Upload any required documents into your USAJOBS account (must be less than 3MB and in one of the following document formats: GIF, JPG, JPEG, PNG, RTF, PDF, or Word (DOC or DOCX)).
Step 4: Click "Apply Online" and follow the prompts to complete the occupational questionnaire and attach any required documents. Verify that uploaded documents from USAJOBS transfer into the agency's hiring system. You will have the opportunity to upload any additional required documents in the agency's hiring system. Click “Finish” to submit your application.
NOTE: You may update your application or required documents at any time while the announcement is open by logging into your USAJOBS account, clicking on "Application Status," clicking on the position title, clicking "Update Application,” and following the prompts.
In order to receive consideration for this position, you must submit your complete application, including all required documents, by 11:59 PM Eastern Time on the closing date of the vacancy announcement. If the vacancy announcement has an application limit, we recommend that you submit your complete application at the time of initial application. We will not accept any required documentation after the closing date of the vacancy announcement.
EDUCATION-OFC OF FEDERAL STUDENT AID
830 First Street NE
Washington, District of Columbia 20002
United States
Next steps
As an applicant, you may check your application status through your USAJOBS account at any time. We will also notify you via email of your application status at three key stages in the recruitment process. 1. Once the vacancy announcement closes, we will inform you that your application has been received. 2. After we review your submitted resume and supporting documentation, we will inform you if you are eligible and qualified, if your application was referred to a subject matter expert or panel of subject matter experts for further evaluation, and if you were amongst the most highly qualified candidates referred to the selecting official. 3. Finally, we will inform you if and when a selection is made.
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
You must submit (REQUIRED FOR ALL APPLICANTS): • A resume demonstrating your education, experience, training, and accomplishments as it relates to the qualifications for this position and substantiating your responses to the occupational questionnaire. • A completed occupational questionnaire.
If you are claiming veterans' preference/Veterans Employment Opportunities Act (VEOA), you must submit: • A copy of your DD214, member copy 4 (Separated Members only).
• Current Active Duty members must submit a certification of expected discharge or release from active duty under honorable conditions dated within the last 120 days.
• A certification of expected discharge or release from active duty under honorable conditions. A “certification” is any written document from the armed forces that certifies the service member is expected to be discharged or released from active duty service in the armed forces under honorable conditions within 120 days after the certification is submitted by the applicant. The certification letter should be on letterhead of the appropriate military branch of the service and contain (1) the military service dates including the expected discharge or release date; and (2) the character of service. (Current Active Duty Members only)
• The Application for 10-Point Veteran Preference (SF-15) • The Application for 10-Point Veteran Preference (SF-15) https://www.opm.gov/forms/pdf_fill/SF15.pdf AND all documents indicated on the form as proof of type of preference (e.g., a letter from the Department of Veterans' Affairs certifying the service-connected disability and percentage of disability) (if VEOA eligibility is based on a service-connected disability or derived preference).
• Certain Military Spouses Eligible under E.O. 13473: Permanent Change of Station (PCS) orders, issued within the last 2 years, that lists you as authorized to accompany the Military member to the new duty permanent station; OR verification of the member's 100% disability (VA Letter); and/or verification of the member's death while on active duty (DD-1300 and Death Certificate) AND verification of the marriage to the service member (i.e., a marriage license or other legal documentation verifying marriage).
If you are claiming selection priority under Interagency Career Transition Assistance Plan (ICTAP) and Career Transition Assistance Plan (CTAP), please visit: CTAP: http://www.ed.gov/about/jobs/open/edhires/ctap.html ICTAP: http://www.ed.gov/about/jobs/open/edhires/ictap.html
If you are relying on your education to meet qualification requirements:
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.
Step 1: Create a USAJOBS account (if you do not already have one) at www.usajobs.gov.
Step 2: Create a resume using the USAJOBS resume builder or upload a resume into your USAJOBS account. Ensure that your resume demonstrates your education, experience, training, and accomplishments as it relates to the qualifications for this position and substantiates your responses to the occupational questionnaire.
Step 3: Upload any required documents into your USAJOBS account (must be less than 3MB and in one of the following document formats: GIF, JPG, JPEG, PNG, RTF, PDF, or Word (DOC or DOCX)).
Step 4: Click "Apply Online" and follow the prompts to complete the occupational questionnaire and attach any required documents. Verify that uploaded documents from USAJOBS transfer into the agency's hiring system. You will have the opportunity to upload any additional required documents in the agency's hiring system. Click “Finish” to submit your application.
NOTE: You may update your application or required documents at any time while the announcement is open by logging into your USAJOBS account, clicking on "Application Status," clicking on the position title, clicking "Update Application,” and following the prompts.
In order to receive consideration for this position, you must submit your complete application, including all required documents, by 11:59 PM Eastern Time on the closing date of the vacancy announcement. If the vacancy announcement has an application limit, we recommend that you submit your complete application at the time of initial application. We will not accept any required documentation after the closing date of the vacancy announcement.
EDUCATION-OFC OF FEDERAL STUDENT AID
830 First Street NE
Washington, District of Columbia 20002
United States
Next steps
As an applicant, you may check your application status through your USAJOBS account at any time. We will also notify you via email of your application status at three key stages in the recruitment process. 1. Once the vacancy announcement closes, we will inform you that your application has been received. 2. After we review your submitted resume and supporting documentation, we will inform you if you are eligible and qualified, if your application was referred to a subject matter expert or panel of subject matter experts for further evaluation, and if you were amongst the most highly qualified candidates referred to the selecting official. 3. Finally, we will inform you if and when a selection is made.
Fair and transparent
The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
