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Summary Serves as an Economist within the Financial and Labor Analysis (ALA) directorate. Acts as an individual contributor and/or a member of a team analyzing, researching, and studying employment levels, scheduling, and workforce planning to support several financial analysis initiatives to include, Workforce Planning, Financial and Economic Modeling, and Research among other things, for the Federal Aviation Administration's workforce. Responsibilities This position serves as an Economist within the Financial and Labor Analysis (ALA) directorate. May act as a contributing specialist on large work activities or as a team leader for single or small work activities. Performs a multiple, varying and complex assignments under the limited direction of a manager, project/ program manager, team leader, or more experienced technical specialist. Applies experience and advanced knowledge of economic and business principles, theories and concepts accomplish assignments and to develop plans and techniques to improve programs and policies. Applies quantitative techniques to conduct analysis and fact-finding to aid in the development and improvement of complex models. Uses quantitative application of statistical and mathematical models to develop theories and to test existing hypotheses in economics and/or finance areas related to employee pay, workforce, scheduling, and related topics. Utilizes economic models to explain or make predictions about the growth of organizations and economic or financial issues and problems. Performs econometric forecasting modeling to forecast future developments in the economy and for drawing conclusions to answer management’s “what-ifs” questions and various economic scenarios related to employment levels, training, pay and other related topics to help managers and decision-makers understand how the economy affect their business. Established policies/procedures provide guidance for most assignments, but allow considerable discretion to select the most appropriate approach or to recommend new approaches. Collects and analyzes data, researches trends, and conduct studies of economic issues pertaining to organizational employment levels, workforce planning, scheduling and resources requirements to identifies areas to improve performance. Analyzes information and evaluates results to develop and recommend solutions to solve economic or financial problems. Compiles and analyzes data to contribute to the preparation of reporting data, which explain economic phenomena and forecast economic trends by applying mathematical models and statistical techniques. Participates in economic and workforce studies to identify and examine statistical relationships between scheduling and resource requirements. Assists more experienced economists in creating financial and economic forecasts and models for identifies underlying principles, reasons, or facts of information by breaking down information or data into separate parts. Contributes to the preparation of reports, tables, and charts for presenting research results and conclusions. Participates in policy reviews with technical experts and assists with the integration of comments and recommendations in the overall report. Contacts are internal and external. May act as a key technical point of contact for assigned activities. Contributes to the preparation of management/technical reports or contractual documents, and may communicate the overall results of a project or work activity to FAA management, the aviation and aerospace industries, and other external individuals, which may include representatives of labor unions, the Department of Transportation, and Congress. The work is reviewed periodically, typically at major milestones and at completion, for technical compliance and alignment with the requirements of the project or other work activity. The work activities typically support and may be vital to the success of projects or activities of one or more organizational units, subdivisions, and LOB's/SO's. Requirements Conditions of Employment We are not accepting applications from noncitizens. Qualifications IN ADDITION TO MEETING THE BASIC EDUCATIONAL REQUIREMENTS BELOW: To qualify for this position, you must demonstrate in your application that you possess at least one year of specialized experience equivalent to the FV-H, FG/GS-10-12 level. This experience is typically related to the line of work of the position to be filled and which has equipped the applicant with the particular knowledge, skills, and abilities to successfully perform the duties of the position. To be creditable, specialized experience must have been at least equivalent to the next lower level in the normal line of progression for the occupation in the organization. SPECIALIZED EXPERIENCE IS DEFINED AS: Experience using advanced functions in Excel and/or other programming languages to conduct detailed quantitative analyses and develop summary communications. You should include relevant examples of the specialized experience in your work history. Errors or omissions may impact your rating or may result in you not being considered. Answer all questions to the best of your ability. DO NOT ASSUME THAT BECAUSE YOU HOLD, OR HAVE HELD THIS POSITION, YOU WILL AUTOMATICALLY BE FOUND ELIGIBLE. You may be asked to provide evidence or documentation that you have this type of experience later in the selection process. Your responses are subject to verification through job interviews, or any other information obtained during the application process. Any exaggeration of your experience or any attempt to conceal information can result in disqualification. Applicants who fail to demonstrate possession of any of the above criteria AND who do not provide the required documentation will receive no further consideration for this position. Applicants may be asked to verify information on your application for employment with the FAA. All qualification requirements must be met by the closing date of this vacancy announcement. Eligible applicants meeting the minimum qualification requirements and/or selective placement factor(s) (SPF) may be further evaluated on the Knowledge, Skills and Abilities (KSA) and/or Quality Ranking Factor (QRF) listed in the announcement. Based on this evaluation, applicants will be placed in one of the following categories: (1) score order; (2) category grouping; (3) alphabetical; or (4) priority grouping, and referred to the selecting official for selection consideration. Education This position has a positive education requirement: Applicants must submit a copy of their college or university transcripts(s) and certificates by the closing date of announcement to verify qualifications. If selected, an official transcript will be required prior to appointment. You may upload these documents with your application in USAJOBS or fax it to fax number provided in the announcement (please include announcement number on each page). Failure to do so will result in loss of consideration. Schools must be accredited by an accrediting institution recognized by the U.S. Department of Education. Accreditation may be verified at the following website: www.ed.gov/accreditation. Foreign education must be evaluated by a private professional organization specializing in interpretation of foreign education credentials or an accredited U.S. educational institution in terms of equivalence to a degree acquired at an American college or university. A copy of the evaluation results must be included, otherwise your foreign education will not be considered. Basic Requirements: A. Degree: economics, that included at least 21 semester hours in economics and 3 semester hours in statistics, accounting, or calculus. OR B. Combination of education and experience: courses equivalent to a major in economics, as shown in A above, plus appropriate experience or additional education. If you are a current or former Federal employee, and you currently hold or previously held a position classified in the 0110 occupational series, you are not required to submit a college transcript provided you upload a copy of the SF-50, Notification of Personnel Action, verifying your classification in the 0110 occupational series. Applicants, who are not currently in the 0110 occupational series in the Federal Government and fail to provide a copy of an unofficial or official transcript will not receive further consideration for this vacancy. Upon selection, if not currently employed in the 0110 occupational series, you will be required to submit an official transcript prior to appointment. If you do not have an official transcript (original, with the raised seal), you should contact your school immediately to request it. Foreign Education: For additional information, visit: http://www.ed.gov/about/offices/list/ous/international/usnei/us/edlite-visitus-forrecog.html Additional Information We may use this vacancy to fill other similar vacant positions. Position may be subject to a background investigation. A one-year probationary period may be required. The person selected for this position may be required to file a financial disclosure statement within 30 days of entry on duty. FAA policy limits certain outside employment and financial investments in aviation-related companies. www.faa.gov/jobs/workinghere/financial-disclosure-requirements The U.S. Department of Transportation strives to ensure that equity, transparency, accountability, collaboration, and communication permeate all that we do for the betterment of the Department, the traveling public, and our nation. As such, DOT values a highly diverse workforce of persons who promote a culture of belonging by respecting the personal dignity and worth of each individual and fostering a positive environment where all feel safe and welcome. If these commitments coincide with your personal ideals and professional aspirations, please consider joining the DOT family. NOTES: 1. This position is covered by the FAA Core Compensation plan. Additional information about Core Compensation is available at: https://www.faa.gov/jobs/working_here/benefits 2. As a part of the Federal-Wide Hiring Reform Initiative (streamlining the hiring process), the FAA is committed to eliminating the use of Knowledge, Skills and Ability (KSA) narratives from the initial application in the hiring process for all announcements. Therefore, as an applicant, you are NOT required to provide a narrative response in the text box listed below each KSA. In lieu of providing a KSA narrative response in the text box listed below each KSA section, in your work history, please include information that provides specific examples of how you meet the response level or answer you chose for each KSA. Your work history examples should be specific and clearly reflect the highest level of ability. Your KSA answers will be evaluated further to validate whether the level that you selected is appropriate based on the work history and experience you provided. Your answers may be adjusted by a human resource specialist as appropriate. 3. Some, all, or none of the applicants may be interviewed. 4. This Level 5 (Moderate Risk; Public Trust) position requires favorable adjudication of a Minimum Background Investigation (MBI) background investigation prior to appointment unless a waiver is obtained. This is not a bargaining unit position. Links to Important Information: Locality Pay , COLA