Senior Joint Venture Transaction Specialist, CG-1101-15

Summary

This position is located in the Division of Resolutions and Receiverships, Asset Marketing and Management, Structured Transaction and Oversight Section, of the Federal Deposit Insurance Corporation and serves as the technical and subject matter expert responsible for the joint venture transactions of loans and other assets that have been acquired from a failed financial institutions.

This job is open to

• The public
  
  U.S. Citizens, Nationals or those who owe allegiance to the U.S.

Clarification from the agency

This position is open to all United States Citizens.
Applicants with status or those eligible under special hiring authorities, should apply under FDIC merit promotion announcement 2024-DRR-B701. However, if you desire consideration also under this public non-status announcement, you must apply to both. Status applicants are current permanent Federal employees in the competitive service and former Federal employees with reinstatement eligibility.

Duties

• Develops strategic methods for creating various types of transaction structures, including joint venture public-private partnerships and debt structures for purchase money notes or credit facilities using sophisticated financial modeling and best practices reflecting the investment management industry to fit with DRR's resolution activities.
• Assesses suitability of assets for structured transactions. Provide input and analysis on financial models for least cost/maximizing recoveries. Performs analysis of optimal, market driven partnership structures and bid processes.
• Serves as a technical expert and subject matter expert on structured or joint venture transactions relating to the sale and marketing of structured transactions, including bidder qualification criteria and evaluation and providing market-based feedback on appropriate debt and equity levels, promote/demote thresholds, working capital, development finding, and other financial structures.
• Serves as an expert in the monitoring of compliance with policies and procedures and the attainment of goals and objectives related to complex asset management activities.
• Reviews and processes the correction action resolution of compliance review findings. Documents monetary compliance finding reimbursement and reconciliation processes and compliance finding clearance.
• Performs and monitors work associated with the analysis of financial information, corporate structure, asset mix, and managerial practices of acquiring financial institutions, private equity investors, or managing members to ascertain the risks inherent in the portfolio.
• Reviews and monitors submission of periodic reporting from investment partners, note borrowers, and external counter parties including monthly reports, collateral reports, semi-annual cash flow forecasts, asset business plans and other agreements deliverables.
• Serves as a point of escalation, provides problem resolution management, and reports to management on complex or sensitive joint venture performance and compliance issues. Serves as a primary point of contact for formal dispute resolution. Provides business input to DRR Legal and perform arbitration/litigation support functions as required to resolve formal joint venture disputes.

Requirements

Conditions of Employment

Registration with the Selective Service.

U.S. Citizenship is required.

Employment Conditions.

Completion of Financial Disclosure may be required.

Minimum Background Investigation (MBI) required

Qualifications

Qualifying experience may be obtained in the private or public sector. 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. Additional qualifications information can be found here.

To qualify, applicants must have completed at least one year of specialized experience equivalent to at least the CG-14 grade level or above in the Federal service. Specialized experience is defined as experience (1) creating structured transactions, including joint venture public-private partnerships or debt structures for purchase money notes or credit facilities using sophisticated financial modeling, investment management industry practices, or legal guidance, (2) monitoring joint venture agreements that govern the management, servicing and reporting of the acquired assets, and (3) analyzing acquirer business decisions to maximize recovery collections and minimize losses or reduce credit risk.

Applicants eligible for ICTAP (Interagency Career Transition Assistance Program) must achieve a score of 80 or higher in the online assessment to be determined "well qualified" for this position. For more information, click here.

Education

There is no substitution of education for the experience for this position.

Additional information

This position may be filled in either Dallas, TX or Washington, DC. However, relocation expenses are not authorized for current FDIC employees located in Dallas, TX or Washington, DC.

Additional selections may be made from this vacancy announcement to fill identical vacancies that occur subsequent to this announcement.

If selected, you may be required to serve a probationary period.

Selectee(s) for this position will be required to report to their duty station office two days per week.

TELEWORK OPTIONS ARE SUBJECT TO CHANGE. For more information on telework at the FDIC, please reference the available telework options for this position here.

To read about your rights and responsibilities as an applicant for Federal employment, click here.

The range of pay shown includes base pay plus supplemental locality adjustments. The locality rates for these duty locations range from a low of 26.91% to a high of 33.41%. Pay will vary by grade level and the locality rate for the geographic location where the position is located. For more on FDIC locality rates, click here.

Salary reflects a pay cap for this position of $252,500.

• Benefits
  
  A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
  
  In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
  
  To find out more, click here.
  
  Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.

How You Will Be Evaluated

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

Your resume and the online assessment questionnaire will be reviewed to determine whether you meet the qualification requirements outlined in this announcement. Therefore, it is imperative that your resume contain sufficiently detailed information upon which to make the qualification determination. Please ensure that your resume contains specific information such as position titles, beginning and ending dates of employment for each position, average number of hours worked per week, and if the position is/was in the Federal government, you should provide the position series and grade level.

Your resume will also be evaluated to measure your responses to the assessment questions. If you rated yourself higher on the questionnaire than what is supported by your resume, your overall qualifications assessment may be adversely affected.

If you are found qualified, you will be placed in one of three categories: Best Qualified, Highly Qualified, or Qualified. These category assignments are a measure of the degree in which your background and responses to the assessment questions match the competencies/knowledge, skills, and abilities (KSAs) listed below. Within these categories, candidates eligible for veterans' preference will receive selection priority over non-veterans.

1. Ability to develop and inform others on practices of public-private partnerships, joint venture structures, credit and borrowing structures, and distressed real estate resolution principles utilizing the real estate investment field.
2. Ability to analyze borrower and asset credit exposure, evaluate credit and investment risks measure of loss exposure, valuation techniques and modeling practices, and conducting portfolio reviews.
3. Ability to apply principles of the statues, regulations, and polices governing asset management for Federal government, in general and those governing workout, loan modification, classification, charge-off and recovery policies, procedures, goals and objectives initiatives.
4. Skill in analyzing financial information and developing and calculating the net present value of the estimated cash recovery (NPV-ECR) on loans and portfolios.
5. Ability to apply loan-related documents including loan notes, collateral, and participation agreements to understand credit structure including real estate assets.
6. Ability to communicate orally.

You do not need to respond separately to these KSAs. Your answers to the online questionnaire and resume will serve as responses to the KSAs.

You may preview questions for this vacancy.

• Benefits
  
  A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits.
  
  In addition to the regular benefits offered by Federal agencies, the FDIC offers additional benefits to its employees. These benefits, some at minimal cost, are some of the best and most competitive in both the private and public sectors.
  
  To find out more, click here.
  
  Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.
• Required Documents
  
  As a new or existing federal employee, you and your family may have access to a range of benefits. Your benefits depend on the type of position you have - whether you're a permanent, part-time, temporary or an intermittent employee. You may be eligible for the following benefits, however, check with your agency to make sure you're eligible under their policies.
  
  Failure to provide all of the required documentation as stated in this vacancy announcement, may result in an ineligible determination or may affect your consideration status. Please review the following to determine your eligibility and which document(s) is required to complete your application.
  
  VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. (Note: Veterans must submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans' preference eligibility.)
  
  INTERAGENCY CAREER TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced or surplus Federal employee eligible for consideration under the ICTAP, you must submit proof of eligibility. For more information, click here.
• How to Apply
  
  To begin, click the "Apply" button and follow the prompts. If you haven't already, register and establish a USAJOBS account. After you register online, click the "Apply" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application" to complete the application process. You must apply online.
  
  Applicants requesting an exception from the online process must contact the Human Resources Specialist or point of contact listed in this announcement prior to 12:00 noon local time on the closing date.
  
  To return to your saved application, log in to your USAJOBS account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application Information" to continue.
  
  You have until 11:59 p.m. ET (Eastern Time) on the closing date of this announcement to complete the application process.
  
  Please ensure you have completed the application process by verifying the status of your application on-line to reflect: "Received". Failure to complete the application process will result in an incomplete application and you will not be considered for the position.
  
  Agency contact information
  
  Derrick Carroll
  
  Phone
  
  571-629-0740
  
  TDD
  1-800-925-4618
  Fax
  000-000-0000
  Email
  
  dcarroll@fdic.gov
  
  Address
  
  Federal Deposit Insurance Corporation
  
  FDIC Human Resources Branch
  
  Dallas, Texas 75201
  
  United States
  
  Next steps
  
  The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation's Human Resources Staffing Policy and Accountability team at HRPolicyTeam@fdic.gov
  
  You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.
• Fair and Transparent
  
  The Federal hiring process is set up to be fair and transparent. Please read the following guidance.
  
  
  • Criminal history inquiries
  • Equal Employment Opportunity (EEO) Policy
  • Financial suitability
  • New employee probationary period
  • Privacy Act
  • Reasonable accommodation policy
  • Selective Service
  • Signature and false statements
  • Social security number request

Required Documents

Failure to provide all of the required documentation as stated in this vacancy announcement, may result in an ineligible determination or may affect your consideration status. Please review the following to determine your eligibility and which document(s) is required to complete your application.

VETERANS' PREFERENCE: If you are claiming veterans' preference, click here. (Note: Veterans must submit the Member 4 copy of the DD 214, Certificate of Release or Discharge from Active Duty - or other copy showing the type of discharge/character of service [e.g., Honorable, Under Honorable Conditions, etc.] along with any other required documents (e.g., DD-214, VA Letter, SF-15, etc.) to demonstrate veterans' preference eligibility.)

INTERAGENCY CAREER TRANSITION ASSISTANCE PROGRAM (ICTAP): If you are a displaced or surplus Federal employee eligible for consideration under the ICTAP, you must submit proof of eligibility. For more information, click here.

How to Apply

To begin, click the "Apply" button and follow the prompts. If you haven't already, register and establish a USAJOBS account. After you register online, click the "Apply" button to complete the online assessment questionnaire, and submit all required documents. Please be sure to click "Submit Application" to complete the application process. You must apply online.

Applicants requesting an exception from the online process must contact the Human Resources Specialist or point of contact listed in this announcement prior to 12:00 noon local time on the closing date.

To return to your saved application, log in to your USAJOBS account and click on "Applications" tab. Click on the "Position Title," and then select "Update Application" or "Additional Application Information" to continue.

You have until 11:59 p.m. ET (Eastern Time) on the closing date of this announcement to complete the application process.

Please ensure you have completed the application process by verifying the status of your application on-line to reflect: "Received". Failure to complete the application process will result in an incomplete application and you will not be considered for the position.

Agency contact information

Derrick Carroll

Phone

571-629-0740

TDD
1-800-925-4618
Fax
000-000-0000
Email

dcarroll@fdic.gov

Address

Federal Deposit Insurance Corporation

FDIC Human Resources Branch

Dallas, Texas 75201

United States

Next steps

The Fair Chance Act prohibits inquiries concerning an applicant's criminal history information unless the hiring agency has made a conditional (tentative) offer of employment to the applicant. An applicant may submit a complaint, or any other information, to the agency within 30 calendar days of the date of alleged non-compliance by contacting the Federal Deposit Insurance Corporation's Human Resources Staffing Policy and Accountability team at HRPolicyTeam@fdic.gov

You may check the status of your application on-line 24 hours a day, 7 days a week through USAJOBS by signing in and selecting "Application Status." Thank you for your interest in working for the Federal Deposit Insurance Corporation.

Fair & Transparent

The Federal hiring process is set up to be fair and transparent. Please read the following guidance.

• Criminal history inquiries
• Equal Employment Opportunity (EEO) Policy
• Financial suitability
• New employee probationary period
• Privacy Act
• Reasonable accommodation policy
• Selective Service
• Signature and false statements
• Social security number request