Troubled Asset Specialist

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Troubled Asset Specialist, GS-13
5/22/23 | HUD | Atlanta, GA or Jacksonville, FL

Number of Vacancies: 2
Open Date: 5/19/23
Close Date: 6/1/23
Salary: $98,496 - $135,209 per year
As a Troubled Asset Specialist, you 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. Responsible for keeping the sponsor customer fully informed of project progress, on track pursuant to the agreed plan of action regarding the issues and their resolutions, and any impacts on costs or client business standing with HUD.
  • Assist 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.
  • 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 acceptance of client partners including property owners, management agents, developers, and other potential business partners of the Department.
  • Review and analyze current and historic financial data for troubled assets projects; compared previous annual statements with recent financial information; analyze current operation experience and project financial data to form the basis of approval or denial of the following actions: rent increases, refinancing, bond refunds, prepayments, modification agreements, transfer of physical assets, changes in the corporate character and by-laws, the substitution of mortgagors, reinstatements of mortgages, budgets submitted by cooperative housing projects, and recommendations for foreclosures.


Candidates will be selected for a job assigned to one of the official duty stations listed in this announcement. Failure to report to duty at the location for which the candidate is selected may be grounds for disciplinary action, including removal.

Key Requirements: Must be U.S. Citizen or U.S. National.

  • A one-year probationary period may be required.
  • Must successfully complete a background investigation.
  • Public Trust - Background Investigation will be required.
  • Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
  • Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
  • If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
  • Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form i-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
  • Obtain and use a Government-issued charge card for business-related travel.
  • Please refer to "Additional Information Section for additional Conditions of Employment."

For more details about this opportunity, visit