Visionary Consulting Partners, LLC company profile

Development Credit Authority Re-Estimate Analyst (Cash Flow)

Job Location

Telework - Washington, DC, United States

Job Description

Visionary Consulting Partners seeks a Re-Estimate Analyst to support USAID’s Development Credit Authority (DCA). Duties will be performed remotely (not necessarily in WDC). Performance is ongoing and as required.

Development Credit Authority (DCA) structures and issues partial credit guarantees to encourage private capital lending to creditworthy but underserved borrowers throughout the developing world. These guarantees, which typically cover 50% of realized loss, enable USAID to leverage private sector wealth for sustainable economic development. Since 1999, the DCA has supported over 574 risk sharing guarantees and has made available over $5.8 billion in private financing to more than 271,791 entrepreneurs around the world. The guarantee is a flexible tool that can be applied to a wide range of development projects and are available to virtually any type of lender seeking to deploy debt capital into the markets in which USAID programs operate.

Scope of Work
To comply with OMB Circular A-11, USAID must perform an annual technical re-estimate and interest rate re-estimate on its existing credit guarantees that have been fully disbursed.

Over time, the underlying risk assumptions captured in the original risk assessment of a DCA guarantee change as conditions within countries, risk partners and borrowers change. These changes require adjustments to the original risk score, and by extension, the subsidy cost (i.e., the present value of all future payments to cover expected defaults net of fees and interest payments) of the guarantee to the government in the event of a qualified claim. As conditions improve, the cost of the guarantee to the U.S. government goes down, and, conversely, rises as risk increases. Through annual re-estimates of active guarantees that have been fully disbursed, E3/DC determines if any material changes impact the cost structure of those guarantees. If this is the case, this may warrant additional legal covenants to be written in the guarantee agreement that may include but is not limited to building anti-corruption, anti-fraud and anti-money laundering capacities and improving risk management practices. While not a full blown risk assessment, these re-estimates follow the standard CAMELS framework; though require a fraction of the level of effort.

Deliverables
The selected candidate’s deliverables will include:
• Review, understand and follow the DCA and OMB A-11 guidelines and templates for re-estimates.
• Construct cash flow sheets reflecting actual disbursements to date, fees paid to date, recoveries received to date, claims paid to date and project future cash flow for each active guarantee.
• Update appropriate files with new cash flow projections and risk information.

Qualifications
The ideal candidate will possess the following qualifications:
• Experience with credit guarantee facilities and a keen understanding of traditional banking products and services;
• Knowledge of the Federal Credit Reform Act – the USG re-estimate process;
• Ability to coordinate and communicate effectively with USAID staff on a regular basis;
• Strong written and oral communication skills;
• Exceptional interpersonal, problem solving, and time management skills; and
• Written/Spoken fluency in English.

Required Application Materials
The following application materials must accompany applications:
• CV
• Contact information for one reference

To apply:
Write Position # VCP-E3DC-1817 on the subject line. Please submit all required documents listed above to dca_consulting@usaid.gov. Also include your salary history utilizing Form AID 1420-17 as part of your application. The form can be found at http://www.usaid.gov/forms. Open period for submission. Only finalists will be contacted. No telephone inquiries, please. Visionary is a woman-owned, Equal Opportunity employer.

Job Requirements

Qualifications
The ideal candidate will possess the following qualifications:
• Experience with credit guarantee facilities and a keen understanding of traditional banking products and services;
• Knowledge of the Federal Credit Reform Act – the USG re-estimate process;
• Ability to coordinate and communicate effectively with USAID staff on a regular basis;
• Strong written and oral communication skills;
• Exceptional interpersonal, problem solving, and time management skills; and
• Written/Spoken fluency in English.

How To Apply

All Contact and Application Information is in the Body of each Job Description.
View More Visionary Consulting Partners, LLC Jobs

Contact Information

Contact Donald S. Hall
Chief Strategy Officer, Program Manager, USAID
Visionary Consulting Partners, LLC
Fax 703-934-2028
Website www.vcp-llc.com

Posted

April 19, 2019
UID: VCP-E3DC-1817

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