Job opening: Project Finance Specialist (Portfolio Management)
Salary: $132 368 - 172 075 per year
Published at: Sep 29 2023
Employment Type: Full-time
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This position is part of the U.S. International Development Finance Corporation (DFC), Office of Development Credit, Mission Transaction Unit. As a Project Finance Specialist you will be responsible for analysis and communication of guarantee agreement compliance and risk exposure through management and maintenance of reporting and compliance processes, portfolio risk analysis, innovation and maintenance of data collection and analysis platforms.
Duties
Diligent loan guaranty monitoring through the review of all financial and project information (e.g. lender reports, loan file reviews) for compliance with loan guaranty agreements and in line with Agency policy and procedures.
Conducts in-depth analyses and interprets loan documentation, core banking system readouts, and additional highly technical financial documents to determine the veracity of financial reporting and loan qualification under contractual obligations. Refine and consolidate complex decentralized loan schedule reports from partners and identify errors, likely causes, and potential solutions through provision of additional documentation or changes in
financial institution partners' reporting processes.
Executes ongoing loan file analysis of guaranteed loans across a global portfolio of lenders of different segments and levels of sophistication, and use the reviews to identify compliance issues within guaranteed loan portfolios as well as troubleshoot and update the system itself to maintain quality and control across the global loan portfolio.
Interprets loan documentation, core banking system readouts, and additional highly technical financial documents to determine the status of defaulted loans and diligently prepare and review claim packages and ensure all claim requirements are met prior to making a recommendation for claim payment.
Liaise with stakeholders to track claim payments, test out more efficient processes, and lead improvements on claim payout efficiencies in line with or exceeding team strategic targets.
Ensure portfolio results and ongoing portfolio performance indicators are verified and organized, and regularly communicate results of performance and risk analysis.
Manage information sharing and invoicing systems across teams to ensure accuracy and timeliness of payments in multiple currencies across the global portfolio. Work across inter-agency partners such as the Treasury Department, State Department, USAID, and OMB to coordinate and troubleshoot payments and other administrative and monitoring processes.
Please Note: This is a Bargaining unit position represented by AFGE, local 1534.
Requirements
- Must be a U.S. Citizen or National
- Males born after 12-31-59 must be registered for Selective Service
- Must submit resume and supporting documents (See How To Apply)
- Suitability for Federal employment, as determined by a background investigation
- May be required to successfully complete a probationary period
- Within 30 days of your start date, you will be required to file a Confidential Financial Disclosure Report (OGE Form 450)
- Must be able to obtain and maintain a Secret security clearance
Qualifications
Applicants must meet all eligibility and qualification requirements no later than the closing date of this announcement.
You may qualify at the GS-14 level, if you fulfill the following qualification requirements:
One year of specialized experience equivalent to the GS-13 grade level in the Federal service that includes:
(1) conducting monitoring, compliance, and/or audit reviews of financial systems, services or products;
(2) analyzing project documents which includes loan documents, and/or contract/agreement documents to determine compliance with contractual requirements, regulations, and/or policies; AND
(3) preparing financial information and data in a variety of formats (i.e. reports, presentations, correspondence, etc.)
*Demonstrated experience conducting monitoring, compliance, and/or audit reviews of financial systems, services or products in international markets is desired.
Note: Education is not substitutional at this grade level.
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. You will receive credit for all qualifying experience, including volunteer experience.
This position is being advertised concurrently with vacancy announcement 23-ODC-ST-12145654-AQ using Merit Promotion (MP) procedures. If interested, refer to that announcement to determine if you meet MP requirements and can apply to that announcement. NOTE: You must apply separately to each announcement in order to be considered under both.
This announcement may be used to fill similar positions, if additional vacancies occur.
Education
This job does not have an education qualification requirement.
Contacts
- Address International Development Finance Corporation
1100 New York Ave. NW
Washington, DC 20527
US
- Name: Amisha Quintero
- Email: [email protected]
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