Federal Reserve Board of Governors
Contract Specialist - Division of Financial Management (Finance)
Bachelor's degree or equivalent experience
Minimum Experience
0
Summary
The Contract Specialist performs a wide variety of formal and informal purchasing operations in support of Board requirements. The incumbent applies a general knowledge of acquisition policies and procedures to obtain products and services from suppliers at a cost consistent with considerations of quality, reliability and need. The Contract Specialist performs analysis of business operations, conditions, and market trends to determine the most appropriate method to meet the Board's procurement needs. The incumbent has authority to make purchases for the organization up to a predetermined dollar amount.
Duties and Responsibilities
Grade FR-23 must meet the minimum requirement of the preceding grade in addition to requiring one year of experience in procurement principles and practices. Direct experience with contracts is required. Must have knowledge of government and commercial statutes and regulations dealing with procurement and acquisition. Good technical and interpersonal skills required. Demonstrated ability to communicate effectively with contractors and Board staff. Must demonstrate good organizational skills and attention to detail. Excellent customer service skills required.
Applies general professional level knowledge and principles of procurement to solve problems and may require the identification and analysis of non-routine factors. Uses independent judgment and discretion to determine or recommend best course of action. Incumbent refers unusual problem situations requiring exceptions to the Manager.
Provides assistance and guidance to Board staff and vendors on Procurement policies and procedures. Communicates with outside vendors for the purpose of obtaining quotations and bids, monitoring vendor compliance, and resolving non-performance issues.
This is a term position that expires 12/31/2025. This position is hybrid, requiring a combination of telework and an in-office presence in Washington, DC.