Economist I

Fannie Mae
Washington, DC - United States
S: Competitive

Are you interested in helping solve today's most critical housing challenges? In simplest terms, Fannie Mae serves the people who house America. We work at the heart of housing by providing reliable, affordable mortgage financing in all markets at all times, buying loans that banks and other lenders originate, so they can fund new loans. This gives more people the opportunity to buy, refinance, or rent homes and apartments. Creating these opportunities is what drives the people who work at Fannie Mae.

For more information about Fannie Mae, visit http://www.fanniemae.com/progress

JOB INFORMATION

Conduct analyses or studies on effects of different economic conditions on the company's products, assets, or investments. Identify and evaluate economic trends and their prospective effect on the markets in which the company's goods or service trade. Collaborate on product development, risk management, financial management and capital market projects and exercises with economic analysis and projections. May represent the company in trade associations, professional groups, or to the public.

KEY JOB FUNCTIONS

Conduct economic research on public, proprietary, or lender data to assess trends or patterns in lending, borrowing, and the models used by the company to assess risk or assign risk management policies.
Provide macroeconomic data and interpretation on home prices, home inventories, regional trends and the like to business units with products or services affected by these factors.
Perform research and analytics on proprietary system(s) and related issues, including evaluating and implementing new products, model review and updates, and data quality issues.
Review technical requirements written by application development team and insure that they accurately implement credit finance models or model changes.
Aggregate and quality control loan, prepayment, interest rate, or other data for use in proprietary applications or for production purposes in analytical models used by business units.

Qualifications

EDUCATION

Bachelor's Degree or equivalent required
MINIMUM EXPERIENCE

1+ years of related experience
SPECIALIZED KNOWLEDGE & SKILLS

Ph.D in economics or related field strongly preferred
Demonstrated ability to conduct independent economic research
Experience with econometric modeling and statistical analysis required
Strong technical ability with statistical software packages such as SAS, Stata, Matlab or R
Excellent written and verbal communication skills and ability to explain results to a broad audience

Job summary