Actuary

Summary This position is part of the Defense Human Resources Activity. The incumbent provides professional support to OACT personnel in support of the Under Secretary of Defense (Personnel and Readiness) on all actuarial matters bearing on the current, proposed, or alternative DoD military personnel benefit programs. Learn more about this agency Duties As a Actuary at the GS-1510-7/9 some of your typical work assignments may include: If selected at the GS-07 or GS-09 level, the below responsibilities will be performed in a developmental capacity. Conducts actuarial valuation on military retirement, health and education programs. Calculate liabilities in support of the DoW's financial statements under the CFO Act. Participates in developing the cost impacts of proposed changes to military benefits. Provides technical assistance on actuarial matters to various stakeholders. Prepares valuation reports, briefings, and conference presentations to support the OACT mission. Requirements Conditions of employment Must be a U.S. citizen Males born after 12-31-59 must be registered for Selective Service http://www.sss.gov Resume and supporting documents (See How To Apply) Suitable for Federal employment, determined by a background investigation May be required to successfully complete a probationary period Work Schedule: Fulltime Overtime: Occasionally Tour of Duty: Flexible Recruitment Incentives: Not Authorized Fair Labor Standards Act (FLSA): Non-Exempt Financial Disclosure: Not Required Telework Eligibility: This position is telework eligible Qualifications You may qualify at the GS-07, if you fulfill the following qualifications: A. One year specialized experience equivalent to the GS-05 grade level in Federal Service. Assisting in actuarial analyses. Assisting in actuarial computations. Assisting in research and studies on calculation of actuarial present values. You may qualify at the GS-09, if you fulfill the following qualifications: A. One year specialized experience equivalent to the GS-07 grade level in Federal Service. Performing actuarial analyses. Performing actuarial computations. Preparing research and studies on calculation of actuarial present values. Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience. In addition to meeting qualifications, your application package must reflect the applicable experience to meet the Individual Occupational Requirements for the 1510 series. GS-07: Applicants must meet one of the following requirements: Eligibility under the superior academic achievement provision and a bachelor's degree that included courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science totaling at least 24 semester hours. This course work must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites. OR One year of graduate education in the subject areas of actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science; AND a course of educational study as described in paragraph (A) (1) ( a) above. OR A combination of education and experience that includes both of the following requirements: One year of actuarial experience equivalent to the GS-05 grade level; and Completion of a minimum of 24 semester hours of courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science at a four year college or university equivalent to a course of study described in paragraph (A) (1). This course work must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites. OR GS-07 Special Alternate Means of Qualifying: Successful completion of one (1) of the examinations offered by the Society of Actuaries (SOA), or the Casualty Actuarial Society (CAS), or credit for one of the Joint Board for the Enrollment of Actuaries (JBEA) examinations, as evidenced by an official SOA or CAS transcript. Applicants must complete a minimum of 24 semester hours of courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science at a four year college or university. This course work must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites. GS-09: Applicants may qualify for this grade level by meeting one of the following requirements: A master's degree or equivalent graduate degree, or 2 years of progressively higher level graduate education leading to a master's degree in actuarial science; mathematics, statistics, business, finance, economics, insurance, or computer science; AND a course of educational study as described in paragraph (A) (1) (a) above. OR A combination of education and experience that includes both of the following requirements: One year of actuarial experience equivalent to the GS-07 grade level A course of educational study as described in paragraph (A) (1) above OR GS-09 - Special Alternate Means of Qualifying: Successful completion of two (2) of the examinations offered by the Society of Actuaries (SOA), or the Casualty Actuarial Society (CAS), or credit for two of the Joint Board for the Enrollment of Actuaries (JBEA) examinations, as evidenced by an official SOA or CAS transcript. Applicants must complete a minimum of 24 semester hours of courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer science at a four year college or university. This course work must have included a minimum of 12 semester hours of mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites. *NOTE: Failure to provide transcripts will result in you being rated ineligible for this position Education You MUST provide transcripts or other documentation to support your educational claims. Unless otherwise stated: (1) unofficial transcripts are acceptable at time of application, or (2) If you are serviced by the office filling this position and your transcripts are on file in your official personnel folder, you are not required to submit. However, it is your responsibility to ensure transcripts are on file. All materials must be submitted by the closing date of the announcement. GRADUATE EDUCATION: One academic year of graduate education is considered to be the number of credits hours that your graduate school has determined to represent one academic year of full-time study. Such study may have been performed on a full-time or part-time basis. If you cannot obtain your graduate school's definition of one year of graduate study, 18 semester hours (or 27 quarter hours) should be considered as satisfying the requirement for one year of full-time graduate study. FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: Foreign Education Additional information All applicants must meet qualifications and eligibility criteria by the closing date of the announcement. Military Spouse Preference: If you are entitled to military spouse preference, in order to receive this preference you must choose the spousal eligibility in your application package referencing MSP Military Spouse Preference. Your preference entitlement will be verified by the employing agency. If you are claiming military spouse preference and qualified for the position, your name will be placed below preference eligible veteran candidates and above non-preference candidates on a list sent to the hiring manager for employment consideration. To claim Military Spouse Preference (MSP) please complete the Military Spouse PPP Self-Certification Checklist, save the document and attach it to your application package. Priority Placement Program (PPP) DoD Retained Grade Preference (RGP): In order to receive this preference, you must choose to apply using the "Priority Placement Program, DoD Retained Grade Preference (RGP)" eligibility. If you are claiming RGP and are determined to be Well Qualified (score of 85 or above) for the position, you will be referred to the hiring manager as a priority applicant. Information and required documentation for claiming MSP may be found at the General Applicant Information and Definitions link below. To be eligible as a RGP, you must submit the following supporting documents with your application package: a signed Retained Grade PPP Self-Certification Checklist (DD3145-1 (whs.mil)); a copy of your Notification of Personnel Action (SF-50) effecting the placement in retained grade status; or a copy of the notification letter you received regarding the RIF or classification downgrade. Expand Hide  additional information Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution. Benefits A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. Opens in a new windowLearn more about federal benefits. Review our benefits Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time or intermittent. Contact the hiring agency for more information on the specific benefits offered.