Economist

Summary This position is part of the EDF Office of Energy Dominance Financing, Department of Energy. As an Economist, you will evaluate large-scale energy financing transactions by developing complex financial and economic models, conducting credit-risk and downside scenario analyses, and ensuring compliance with federal credit policies to protect the government's financial interests. Responsibilities The Office of Energy Dominance Financing is committed to financing American energy and manufacturing projects that meaningfully contribute to U.S. energy security, grid reliability, and lowering costs for all Americans. We are truly honored that DOE has been named America's #1 Best Employer for Veterans in 2023 by Forbes-not only among Government agencies, but among employers across the U.S. We are so proud of this ranking which reflects our commitment to the employment of veterans. As so many veterans at DOE renew their service to our Nation, we are deeply committed to their success and advancement. Veterans shape the future of energy As an Economist, you will: Create and test complex economic and financial models to see if projects can reliably repay their debt under different market and stress conditions. Analyze multi-billion-dollar project-finance and corporate-finance structures to evaluate economic risk and recommend protective financing terms. Recommend loan terms, conditions, and risk-mitigation measures to safeguard government investments. Verify that transactions meet federal lending laws, Treasury rules, and Office of Management and Budget (OMB) credit regulations. Prepare clear written reports and brief senior officials and interagency partners on transaction risks, findings, and recommendations. Apply advanced analytical techniques and software to improve due diligence, risk analysis, and portfolio monitoring. Requirements Conditions of Employment Qualifications You must meet both the Basic Requirement and the Specialized Experience to qualify for this series as described below. BASIC REQUIREMENT: Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education. GS-13 SPECIALIZED EXPERIENCE REQUIREMENTS: A qualified candidate's online application and resume must demonstrate at least one year of specialized experience equivalent to the next lower grade level GS-12 in the Federal service. Specialized experience for this position is defined as meeting ALL of the following: Developing and running financial or economic models, including performing sensitivity, scenario, or stress analyses to evaluate cash flow viability, debt capacity, and credit risk. Analyzing commercial, corporate-finance, or project-finance transactions to assess financial risks and evaluate terms, covenants, or credit protections. Applying lending policies, credit guidelines, or regulatory standards (such as federal credit policies, banking regulations, or institutional credit underwriting standards) to evaluate proposed financing agreements and document findings. GS-14 SPECIALIZED EXPERIENCE REQUIREMENTS: A qualified candidate's online application and resume must demonstrate at least one year of specialized experience equivalent to the next lower grade level GS-13 in the Federal service. Specialized experience for this position is defined as meeting ALL of the following: Evaluating complex, multi-billion-dollar project-finance or corporate-finance transactions to assess borrower credit risk, debt capacity, and long-term repayment viability. Conducting and financial modeling and stress testing (including sensitivity, scenario, and downside analyses) to evaluate the financial viability and repayment capacity of borrowers or projects. Preparing credit evaluations and technical documentation governed by federal credit laws, OMB guidelines, or commercial underwriting policies, and advising decision-makers and review authorities on transaction risks and regulatory compliance "Experience" refers to paid and unpaid experience. Examples of qualifying unpaid experience may include: volunteer work done through National Service programs (such as Peace Corps and AmeriCorps); as well as work for other community-based philanthropic and social organizations. 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. CTAP/ICTAP candidates: To be considered "well qualified" you must meet all of the requirements as described in this section. You must meet all qualifications and eligibility requirements by the closing date of this announcement. Education This vacancy has a positive education requirement. In order to be rated as qualified, you must provide copies of your college transcripts. Failure to provide copies of your college transcripts may result in a rating of "Ineligible". Education must be obtained from an accredited institution recognized by the U.S. Department of Education. Foreign education must be reviewed by an organization recognized by the U.S. Department of Education. For special instructions pertaining to foreign education and a list of organizations that can evaluate foreign education, see the Department of Education website. Additional Information Shared Certificates: The Department of Energy shares lists of applicants among its internal Departmental Elements and organizations. You may be referred for consideration to other DOE Hiring Managers throughout the Department for more than one position based on this application. By applying to this announcement, you understand your application materials may be shared with multiple Hiring Mangers throughout DOE. If additional positions are filled from this announcement conditions of employment may differ. You will be notified if you are referred for additional positions. The U.S. Department of Energy fosters a diverse and inclusive workplace and is an Equal Opportunity Employer. This job opportunity announcement may be used to fill additional similar vacancies across DOE. For general information on government-wide Telework polices visit: Hiring incentives may be authorized in accordance with agency policy and if funding is available. EEO Policy: Employees or applicants may request Reasonable Accommodation (RA) for assistance, when applying or competing for a job or performing a job due to their medical condition or to exercise their religious beliefs. If you need reasonable accommodation in the application or selection process, please contact the Staffing Specialist listed on this vacancy announcement. Reasonable Accommodation Policy: Veterans Information: Selective Service Registration: The Fair Chance Act prohibits specific inquiries concerning an applicant's criminal or credit background unless the hiring agency has made a conditional offer of employment to the applicant. An applicant may submit a complaint to the agency within 30 calendar days of the date of alleged noncompliance by completing the Fair Chance Act Intake Form and submitting it to the Administrative Investigations Program at View email address on click.appcast.io. CTAP/ICTAP Note: While a formal performance appraisal is highly recommended and requested to expedite your evaluation, if your agency-issued RIF separation notice or other official separation documentation explicitly states that your performance was at least "Fully Successful" (or equivalent) and notes your rating of record, it may be accepted in lieu of a formal performance appraisal. Failure to provide any documentation proving a rating of at least "Fully Successful" or equivalent will result in the loss of your priority consideration.