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 below, you may wish to apply under announcement 23-HUD-2695-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.

Duties

As a/an Troubled Asset Specialist, you will: Serve as the primary point of contact for troubled asset projects with sponsors, customers, Federal, State and local government agencies, congressional interests, other external organizations and higher authorities. Responsible for keeping the sponsor customer fully informed of project progress, on track pursuant to agreed plan of action regarding the issues and their resolution, and any impacts on costs or client business standing with HUD. Assist the Branch Chief in providing on the job training to other Branch employees. This includes providing information about the policies, procedures, and practices of the particular troubled multifamily case being discussed as it relates to the work being accomplished. Determine the credit acceptability and financial capacity of mortgagors, sponsors (both for-profit and not-for-profit) and general contractors involved in the purchase, refinance, or development of multifamily properties. Determine performance acceptability of client partners including property owners, management agents, developers, and other potential business partners of the Department. Review and analyze current and historic financial data for troubled asset projects; compare previous annual statements with recent financial information; analyze current operation expenses and project financial data to form the basis of approval or denial of the following actions: rent increases, refinancing, bond refunds, prepayments, modification agreements, transfers of physical assets, changes in the corporate charter and by-laws, substitution of mortgagors, reinstatements of mortgages, budgets submitted by cooperative housing projects, and recommendations for foreclosures.

Requirements

Qualifications

You must meet the following requirements within 30 days of the closing date of this announcement. For the GS-13, you must have one (1) year of specialized experience at a level of difficulty and responsibility equivalent to the GS-12 grade level in the Federal service. Specialized experience for this position is defined as: - Identifying and resolving multifamily property management deficiencies. Such as; day to day property management operations, property maintenance, security, and compliance with the Section 8 Program or the FHA Multifamily Mortgage Insurance Programs. AND; - Performing quality assurance evaluations of multifamily physical property standards and multifamily property management, to ensure that the property is operating in accordance with regulations and requirements. AND; - Analyzing financial data and comparing statements and recent financial information within a large portfolio of properties, to assess the approval or denial of one or more of the following examples: rent increase approvals, Section 8 Contract renewals, tenant/resident activities, refinancing, prepayments, transfers of physical assets (sale of properties), changes in the corporate regulations, by-laws, budgets, or recommendations for property disposition. 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-13 you must have been at the GS-12 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.

Contacts

• Address Asst Secretary for Housing-Federal Housing Commissioner Administrative Resource Center Parkersburg, WV 26101 US
• Name: Applicant Call Center
• Phone: 304-480-7300
• Email: [email protected]