This opportunity is also open to Status eligible under Announcement 24-HUD-1672. Please refer to that announcement for details on open period, eligibility, and how to apply.
Summary
The position is located in the Department of Housing and Urban Development (HUD), Government National Mortgage Association (GNMA), Office of Capital Markets (OCM) within the Government National Mortgage Association (Ginnie Mae). HUD is seeking highly qualified individuals who are willing to meet the challenges of public service and support our mission. We offer salaries comparable to the private sector service and a generous benefits package. We also offer a broad array of program activities to develop your career, such as: networking and training opportunities. At Housing and Urban Development, you'll have a once-in-a-lifetime opportunity to gain insight into housing policy and community development. Also, you can explore new career avenues and most of all, acquire lifelong skills as you represent the federal government. The GNMA or Ginnie Mae is the primary financing mechanism for all government-insured or government mortgage loans.
Overview
•Opening and closing dates 06/28/2024 to 07/11/2024
Telework eligible: Yes as determined by agency policy
Responsibilities
As an Transaction Management Specialist, you will:
Be responsible for assisting the Director of Transactions Management concerning the complete range of responsibilities for the Multi-class Securities program, which includes, but is not limited to, monthly new issue and reporting cycles of the Real Estate Mortgage Investment Conduit (REMIC), the Platinum Securities program and other securities programs as developed and implemented by Ginnie Mae.
Coordinate with the investor community in creating and marketing multi-class securities that are designed to enhance the competitiveness of Ginnie Mae securities and be of greater value to investors than the single-class Ginnie Mae guaranteed mortgage-backed securities from which they are derived.
Assist with the ongoing administration of the Ginnie Mae single and multi-class programs which includes significant interaction with the numerous parties, i.e., sponsors, trustees, trust counsel and accountants ("participants") associated with the closing and administration of securities programs and Ginnie Mae's contractors responsible for the review of all documents and data necessary to close and administer securities.
Qualifications
You must meet the following requirements by the closing date of this announcement.
Specialized Experience:
Specialized experience for the GS-14 is one year of experience at the GS-13 level, or equivalent, that has equipped you with the knowledge, skills, and abilities to successfully perform the duties of the position. Specialized experience includes:
Working with mortgage-backed securities and capital markets; AND
Initiating and maintaining relationships with internal and external stakeholders of mortgage-backed securities programs; AND
Providing technical direction during the new issue securitization process for mortgage-backed securities transactions.
About Us
At Ginnie Mae, we help make housing a reality for millions of households across America and veterans by channeling global capital into the nation's housing markets. Specifically, the Ginnie Mae guaranty allows mortgage lenders to obtain a better price for their mortgage loans in the secondary mortgage market. The lenders can then use the proceeds to make new mortgage loans available. Ginnie Mae does not buy or sell loans or issue mortgage-backed securities (MBS). Therefore, Ginnie Mae's balance sheet doesn't use derivatives to hedge or carry long term debt. What Ginnie Mae does is guarantee investors the timely payment of principal and interest on MBS backed by federally insured or guaranteed loans — mainly loans insured by the Federal Housing Administration (FHA) or guaranteed by the Department of Veterans Affairs (VA). Other guarantors or issuers of loans eligible as collateral for Ginnie Mae MBS include the Department of Agriculture's Rural Development (RD) and the Department of Housing and Urban Development's Office of Public and Indian Housing (PIH). Ginnie Mae securities are the only MBS to carry the full faith and credit guaranty of the United States government, which means that even in difficult times, an investment in Ginnie Mae MBS is one of the safest an investor can make.
Seniority level
Mid-Senior level
Employment type
Full-time
Job function
Accounting/Auditing and Finance
Industries
Financial Services
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