Troubled Asset Specialist
As a Troubled Asset Specialist, you will:
-The incumbent is considered a senior staff member who personally performs duties involving the most troubled and controversial cases and develops solutions to issues that could not be assigned to staff without expertise in managing troubled assets. -The incumbent 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. The incumbent is 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. The incumbent will assure that sponsor customer or other agencies participation in the project is in accordance with the agreed upon management plan, and facilitates the resolution of identified problems or issues in the most appropriate manner. The incumbent is responsible for the development, recommendation, and oversight of all approved and required sponsor, customer, and HUD agreements, leading the negotiation of such agreements on the part of the Department. -The incumbent will 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. These clients must be approved through the Department's 2530 process before they can conduct business or continue to conduct business with HUD -The incumbent explains work requirements, methods, and procedures as needed, giving special instructions on difficult or different operations, including advice and guidance to lower graded employees within their technical disciplines. -The incumbent assists 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. The incumbent identifies and recommends to the supervisor other formal and informal training needs for the effective management by risk of the Hub's entire portfolio. 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 includes experience performing financial analysis on multifamily housing real estate assets to identify risk, ensure compliance and propose solutions to rectify issues. Examples of such experience could include:
-Analyzing portfolio details for multifamily housing programs and projects to provide recommendations and solve potential issues OR-Coordinating and supporting a variety of multifamily housing asset management functions and executing resolutions OR-Developing solutions to asset management issues.
Estimated Salary: $20 to $28 per hour based on qualifications.
-The incumbent is considered a senior staff member who personally performs duties involving the most troubled and controversial cases and develops solutions to issues that could not be assigned to staff without expertise in managing troubled assets. -The incumbent 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. The incumbent is 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. The incumbent will assure that sponsor customer or other agencies participation in the project is in accordance with the agreed upon management plan, and facilitates the resolution of identified problems or issues in the most appropriate manner. The incumbent is responsible for the development, recommendation, and oversight of all approved and required sponsor, customer, and HUD agreements, leading the negotiation of such agreements on the part of the Department. -The incumbent will 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. These clients must be approved through the Department's 2530 process before they can conduct business or continue to conduct business with HUD -The incumbent explains work requirements, methods, and procedures as needed, giving special instructions on difficult or different operations, including advice and guidance to lower graded employees within their technical disciplines. -The incumbent assists 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. The incumbent identifies and recommends to the supervisor other formal and informal training needs for the effective management by risk of the Hub's entire portfolio. 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 includes experience performing financial analysis on multifamily housing real estate assets to identify risk, ensure compliance and propose solutions to rectify issues. Examples of such experience could include:
-Analyzing portfolio details for multifamily housing programs and projects to provide recommendations and solve potential issues OR-Coordinating and supporting a variety of multifamily housing asset management functions and executing resolutions OR-Developing solutions to asset management issues.
- Department:
1101 General Business And Industry - Salary Range:
$100,177 to $130,233 per year
Estimated Salary: $20 to $28 per hour based on qualifications.
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