Actuary

Summary As an Actuary with the U.S. Office of Personnel Management, Healthcare and Insurance, Office of the Actuaries, you will perform expert actuarial analysis of federal benefits programs, evaluate costs and liabilities, develop models, and provide recommendations that inform policy decisions affecting retirement, health, and insurance programs. Assignments cover a wide variety of complicated actuarial problems, often involving new concepts in benefits design. Learn more about this agency Duties Perform complex actuarial valuations and analyses for federal retirement, health, and insurance programs (CSRS, FERS, FEHB, FEGLI, PSHBP). Analyze large datasets and demographic trends to assess program experience and financial impacts. Determine program costs, actuarial liabilities, and financial soundness using accepted actuarial principles and standards. Develop actuarial models, tools, and innovative methodologies to evaluate benefit design and policy changes. Provide expert recommendations that inform OPM policy and major program decisions. Negotiate premiums with carriers and evaluate necessary adjustments for federal benefits programs. Prepare technical reports, documentation, and briefings; advise leadership and mentor junior staff. Requirements Conditions of employment Must be a U.S. Citizen or National Males born after 12-31-59 must be registered for Selective Service Suitable for Federal employment, determined by a background investigation May be required to successfully complete a probationary period Candidates will not be hired based on their race, sex, color, religion, or national origin Complete the initial online assessment and USAHire Assessment, if required You will be required to report to an OPM assigned office. This position is eligible for inclusion in the bargaining unit. The union that represents employees in this position is the American Federation of Government Employees (AFGE) Local 32. Qualifications Basic Education Requirement GS 13 Grade level: A. 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. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION). 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; AND One year of actuarial experience equivalent to the GS-12 grade level. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION). Basic Education Requirement GS 14 Grade level: A. 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. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION). 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; AND One year of actuarial experience equivalent to the GS-13 grade level. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION). In addition to the basic requirement listed above applicants must meet the specialized experience listed below to be considered minimally qualified: For the GS-13 Grade level: You must have one year of specialized experience equivalent to at least the GS-12 level in the Federal service (or equivalent) performing ALL of the following: Applying actuarial principles and methods to perform analyses or valuations of retirement, health, life insurance, or similar financial programs; AND Analyzing program data, trends, and demographic information to assess costs, risks, and program performance; AND Assisting in evaluating actuarial soundness and financial impacts of existing or proposed programs, policies, or benefit designs; AND Preparing technical reports, summaries, or recommendations and communicating findings to stakeholders or senior staff For the GS-14 Grade level: You must have one year of specialized experience equivalent to at least the GS-13 level in the Federal service (or equivalent) performing ALL of the following: Performing actuarial analyses and valuations for retirement, health, life insurance, or similar financial programs using accepted actuarial principles and standards; AND Analyzing large datasets and demographic information to assess trends, costs, and financial risks, and developing actuarial models or tools; AND Evaluating program costs, liabilities, and financial soundness, and providing recommendations to support policy or program decisions; AND Preparing technical reports, documentation, or briefings and communicating complex actuarial findings to stakeholders or leadership You must meet all qualification and eligibility requirements by the closing date of this announcement. 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. Education This position has a basic education requirement listed under the Qualifications section of this announcement. 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. Additional information This announcement will be used to fill vacancies through OPM-authorized Direct Hire Authority due to Critical Hiring Need/Severe Shortage of Candidates. Veteran preference and traditional rating/raking of applicants do not apply. For more information on OPM's authorization of Direct Hire Authority, please visit: https://www.opm.gov/policy-data-oversight/hiring-information/direct-hire-authority/ Relocation expenses will not be paid. This job opportunity announcement may be used to fill additional similar vacancies across OPM. If you are unable to apply online and would like to request information about the Alternate Application process, please use the contact information at the bottom of this announcement. Reasonable Accommodation Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended and Americans with Disabilities Act 1990 as amended, that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a reasonable accommodation in your online application. Requests for Reasonable Accommodations for the USA Hire Competency Based Assessments and appropriate supporting documentation for Reasonable Accommodation must be received prior to starting the USA Hire Competency Based Assessments. Decisions on requests for Reasonable Accommodations are made on a case-by-case basis. If you meet the minimum qualifications of the position, after notification of the adjudication of your request, you will receive an email invitation to complete the USA Hire Competency Based Assessments, based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments, if you received the link after the close of the announcement. To determine if you need a Reasonable Accommodation, please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments here: https://help.usastaffing.gov/Apply/index.php?title=Reasonable_Accommodations_for_USA_Hire As a condition of employment for accepting this position, you may be required to serve a 1-year probationary period during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider: - your performance and conduct; - the needs and interests of the agency; - whether your continued employment would advance organizational goals of the agency or the Government; and - whether your continued employment would advance the efficiency of the Federal service. Upon completion of your probationary period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest. 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.