Actuary- DE

Employer
USAJobs
Location
Washington D.C.
Posted
Jul 18, 2017
Closes
Aug 01, 2017
Function
Administrative
Hours
Full Time
JOB SUMMARY:

About the Agency

Are you looking for one of the top 10 Federal agencies to work for? Well look no further, the Pension Benefit Guaranty Corporation is recognized as one of the top 10 millennial-friendly places to work. We ranked high on work/life balance, benefits, job security, advancement and organizational culture.

The Pension Benefit Guaranty Corporation (PBGC) has a distinguished and important mission in protecting America's pensions. At PBGC, you will use your skills in accounting, auditing, business, finance, law, actuarial science, or information technology and more, to protect the retirement income of nearly 40 million hardworking Americans. Our work is challenging, compelling, and important. Whatever your background or expertise, you will find your future at PBGC exceptionally rewarding because the work you perform will have a daily impact on the lives of relatives, friends and neighbors. It will be like no other career choice you have explored.

We are counting on bright, talented and dedicated individuals like you to achieve our goals. You will be both challenged and supported, so whether you are just starting out or looking for new opportunities, consider PBGC and start making a difference today!

If you are interested in a challenging career with great benefits, training, and strong growth potential, we strongly encourage you to apply for the Actuary position today!

More than one selection may be made from this vacancy announcement.

CONCURRENT ANNOUNCEMENT: THIS POSITION(S) IS ALSO BEING ADVERTISED UNDER MERIT PROMOTION PROCEDURES UNDER ANNOUNCEMENT NUMBER AS&TD-2017-0006. IF YOU WISH TO BE CONSIDERED UNDER THAT ANNOUNCEMENT, PLEASE REVIEW TO DETERMINE IF YOU QUALIFY.


TRAVEL REQUIRED:
  • Occasional Travel
  • 10% of travel may be required

RELOCATION AUTHORIZED:
  • Yes
  • Recruitment incentives may be authorized for this position, if applicable.

KEY REQUIREMENTS:
  • You must be a U.S. citizen
  • You may undergo a personnel security background investigation
  • Selective Service registration required for male applicants, unless exempt
  • 1 year probationary period required unless met during prior Federal service
  • Applicants selected for employment will be required to complete an OF-306
  • All qualification requirements must be met by the closing date of the announcement.

    Basic Requirements: Applicants may qualify for actuary positions by meeting either Paragraph A or Paragraph B below.

    Paragraph A: Applicants may qualify for the following grade levels by meeting the educational and/or experience requirements described below.

    GS-07 or equivalent: Applicants must meet one of the following requirements: a. 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 b. 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 c. 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.
    GS-09 or equivalent: Applicants may qualify for this grade level by meeting 1 of the following requirements: a. 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 b. 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; and
    • A course of educational study as described in paragraph (A) (1) above.
    Paragraph B: Special Alternate Means of Qualifying for Positions at GS-07 through GS-09 or Equivalent

    Applicants may qualify for a position at grade levels GS-07 through GS-09 using the "Special Alternate Means" provisions described below. 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.

    Successful completion of appropriate examinations offered by the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), or the Joint Board for the Enrollment of Actuaries (JBEA), as evidenced by an official SOA or CAS transcript, and specialized experience described below is fully qualifying at the grade levels shown below:

    1. GS-07 or Equivalent Grade Level: Successful completion of one of the SOA or CAS examinations, or credit for one of the JBEA examinations.

    2. GS-09 or Equivalent Grade Level: Successful completion of two of the SOA or CAS examinations, or credit for two of the JBEA examinations.

    In addition to meeting the above basic requirements, applicants at the GS-07 and GS-09 levels must have the following specialized experience:

    Specialized experience for the GS-07 is defined as one year of experience at or equivalent to the GS-05 grade level in the Federal Service or private industry applying analytical and actuarial techniques to research and analyze pension plans. Examples of specialized experience may include performing analysis and evaluation of records, documents and relevant data; or reviewing and calculating accrued benefits for pension plan participants.

    Specialized experience for the GS-09 is defined as one year of experience at or equivalent to the GS-07 grade level in the Federal service or private industry applying analytical and actuarial techniques to research, analyze, interpret, evaluate, and perform analysis of statistical analysis. Examples of specialized experience may include reviewing standard terminations, benefits entitlement determinations, and asset allocations; and setting up actuarial databases.

    This position has a positive education requirement. You must submit transcripts to verify that you meet the education requirement for this position.

    Public Trust - Background Investigation


    DUTIES:

    This position is located in the Office of Benefits Administration (OBA), Actuarial Services & Technology Department, Actuarial Services Division, Actuarial Case Processing Branch, at the Pension Benefit Guaranty Corporation (PBGC).

    As an Actuary in the Actuarial Case Processing Branch (ACPB), you will serve in a developmental actuarial capacity, using basic actuarial methods and techniques in carrying out assignments in one of the Actuarial Case Processing Sections (ACPS).