Actuary

Summary EBSA plays a vital role in protecting the retirement, health, and other job-based benefits of America's workers, retirees, and their families. We issue effective regulations, offer comprehensive education and assistance to workers, plan sponsors, fiduciaries, and service providers, and rigorously enforce the law. We serve workers, families, and the broader employee benefits community by protecting the security and integrity of the nation's benefit systems. To learn more about EBSA, click here. Learn more about this agency Duties The position may be located in any of the following cities: Washington DC; Atlanta, GA; Boston, MA; New York City, NY; Chicago, IL; Dallas, TX; Philadelphia, PA; Silver Spring, MD; Plantation, FL; Ft Wright, KY; Kansas City, MO; Seattle, WA; Pasadena, CA; and San Francisco, CA. For detailed office locations, please refer to the DOL offices. The salary range shown reflects the pay scale for all listed locations. If selected, your salary will be set based on the duty location assigned. Duties for this position include but are not limited to: Plan, develop, and coordinate intra/interagency and Government-industry actuarial research projects and provide actuarial support to Agency, Department, and Federal decision-makers. Provide expert technical guidance and consultative services to EBSA senior and executive staff on public policy, legislative, employee pension and benefit related and actuarial conduct issues. Provide oral and written actuarial analysis to other EBSA personnel and others regarding legislative, regulatory, and administrative proposals, public policy, and enforcement issues pertaining to and/or affecting Title II of ERISA and related legislation. Develop close and cooperative working relationships with other EBSA components, other DOL and Federal agencies, and employee benefit plan groups. Serve as EBSA's representative to or participates in professional actuarial organizations and other relevant private sector research groups. Perform economically and politically sensitive analytical work which often sets precedent, policy, and industry guidelines. Performs other duties as assigned. Requirements Conditions of employment Must be at least 16 years old. Must be a U.S. Citizen. Candidate required to obtain the necessary security/investigation level. Requires a probationary period if the requirement has not been met. Subject to financial disclosure requirements. Qualifications For the GS-15: Applicants must have 52 weeks of specialized experience equivalent to at least the next lower grade level, GS-14, in the Federal Service. You must meet both the Basic Requirements and the Specialized Experience to qualify for the Actuary, GS-1510-15. Basic Requirements: 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 mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites. OR b. Combination of education and experience that includes both of the following requirements: Technical work experience in actuarial support work or in mathematics; 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. 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. Specialized Experience is the experience that equipped the applicant with the particular knowledge, skills, and abilities (KSA's) to perform the duties of the position successfully, and that is typically in or related to the position to be filled. To be creditable, specialized experience must have been equivalent to at least the next lower grade level. Qualifying specialized experience for GS-15 is defined as: -Providing or overseeing actuarial services and examining actuarial determinations for group health and retirement benefit plans under the Employee Retirement Income Security Act (ERISA) or for health insurance issuers licensed by states; and -Developing actuarial studies and models of cost estimates and trends for health care programs, retirement plans and issues; and -Evaluating the actuarial projections and risk management of health insurance or retirement programs for financial soundness of pricing and reserves. Education See "Qualifications" section above for required education requirements. Any applicant falsely claiming an academic degree from an accredited school will be subject to actions ranging from disqualification from federal employment to removal from federal service. If your education was completed at a foreign college or university, you must show comparability to education received in accredited educational institutions in the United States and comparability to applicable minimum course work requirements for this position. Click Evaluation of Foreign Education for more information. Additional information This position is being filled through the Direct Hire Authority. Traditional rating and ranking of applications does NOT apply. Veterans' preference does not apply. The mission of the Department of Labor (DOL) is to protect the welfare of workers and job seekers, improve working conditions, expand high-quality employment opportunities, and assure work-related benefits and rights for all workers. Refer to these links for more information: GENERAL INFORMATION, REASONABLE ACCOMMODATION, ADDITIONAL DOCUMENTATION, FORMER FEDERAL EMPLOYEES As a condition of employment, all personnel must undergo a background investigation for access to DOL facilities, systems, information and/or classified materials before they can enter on duty: BACKGROUND INVESTIGATION This position is inside the bargaining unit. If the duty location is within the Washington, D.C. metropolitan area, the position will be included in the Local 12, AFGE bargaining unit. If the duty location is outside the Washington, D.C. metropolitan area, the position will be included in the NCFLL bargaining unit. Non-Supervisory Financial Disclosure: This position is subject to the confidential financial disclosure requirements of the Ethics in Government Act of 1978 (P.L. 95-521). Therefore, if selected, you will be required to complete a Confidential Financial Disclosure Report (OGE Form 450) to determine if a conflict or an appearance of a conflict exists between your financial interest(s) and your prospective position with DOL. This information will be required annually. Click here for Telework Position Information. This is not a remote position. The selectee will report to an assigned DOL office location on a regular basis and is eligible for participation in telework as determined by management in accordance with DOL policy. Based on agency needs, additional positions may be filled using this vacancy. The Department of Labor may use certain incentives and hiring flexibilities currently offered by the Federal government, including a recruitment bonus, to attract highly qualified candidates. Click here for Additional Information. The Fair Chance Act (FCA) prohibits Federal agencies from requesting an applicant's criminal history information before the agency makes a conditional offer of employment. If you believe a DOL employee has violated your rights under the FCA, you may file a complaint of the alleged violation following our agency's complaint process Guidelines for Reporting Violations of the Fair Chance Act. Note: The FCA does not apply to some positions specified under the Act, such as law enforcement or national security positions. All Department of Labor employees are subject to the provisions of the Drug-Free Workplace Program under Executive Order 12564 and Public Law 100-71. 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.