Summary
As a Actuary at the GS-1510-12/13, you will be part of Healthcare and Insurance Actuaries, Office of Personnel Management. If selected, you will be responsible for providing advanced actuarial analysis and oversight of federal benefits programs. Assignments cover a wide variety of complicated actuarial problems, often involving new concepts in benefits design.
Duties
Develops inputs that assist in determinations of actuarial liabilities for CSRS, FERS, FEGLI, and FEHB (including PSHBP) for agency Financial Statements in line with appropriate actuarial and financial standards.Analyzes the factors underlying a wide range of actuarial issues/problems, contributes to formulating innovative approaches, and devises new tools and methods as required.Assists and reviews the work of junior staff.Creates accurate and complete summary documentation of the processes and results of assignments.
Requiremennts
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 This position is eligible for inclusion in the bargaining unit. if the duty station is finalized in the Washington, DC metropolitan area, employees in this position will be represented by the American Federation of Government Employees (AFGE) Local 32. if the duty station is finalized outside of the Washington, DC metropolitan area, this position will not be represented by a bargaining unit.
Qualifications
Education Requirement: In addition to meeting the qualification requirements, all candidates must have the following educational 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 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 Applicants for all grade levels 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. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION). TRANSCRIPTS are required to verify satisfactory completion of the educational requirement listed above. Please see "Required Documents" section below for what documentation is required at the time of application. For the GS-12 Grade Level, you must meet the following: You must demonstrate in your resume at least one year (52 weeks) of qualifying specialized experience equivalent to the GS-11 grade level in the Federal government, obtained in either the private or public sector, to include ALL of the following: 1. Providing new concepts in benefits design; 2. Reviewing and developing premium rates; AND 3. Analyzing data and demographics, to compile large amounts of imperfect data. For the GS-13 Grade Level, you must meet the following: You must demonstrate in your resume at least one year (52 weeks) of qualifying specialized experience equivalent to the GS-11 grade level in the Federal government, obtained in either the private or public sector, to include ALL of the following: 1. Analyze the factors for a wide range of actuarial issues/problems, contributes to formulating innovative approaches; 2. Determine cost and actuarial soundness of existing benefit programs; 3. Gather and analyze data and demographics, to compile large amounts of imperfect data; AND 4. Independently reviewing and developing premium rates. 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.
At OPM, we are champions of talent for the Federal Government. We lead Federal agencies in workforce policies, programs, and benefits in service to the American people. We will create a new vision of work, together, positioning the Federal Government as a model employer for past and present employees through innovation, inclusivity, and leadership. We will build a rewarding culture that empowers the workforce to solve some of our nation's toughest challenges. For information on OPM's goals and objectives, please refer to our Strategic Plan.
