Actuary - (AMENDED)

Washington D.C.
Aug 13, 2018
Aug 13, 2018
Full Time

Occasional travel - You may be expected to travel for this position.

Relocation expenses reimbursed No

  • You must be a U.S. citizen to apply for this job.
  • Selectees are subject to a background/suitability investigation.
  • Selective Service registration is required for males born after 12/31/1959.
  • A probationary period may be required.
  • Work Schedule: Regular office hours, Monday through Friday. Alternate work schedules may be available.
  • Telework: May be authorized.
  • Virtual: Position may be virtual for a Highly Qualified Candidate.
  • There are three major requirements that must be met in order to qualify for this position. Those requirements are as follows and must be met by the closing date of the announcement:

    Requirement 1: A bachelor's (or higher level) degree that included courses in actuarial science, mathematics, relevant statistics, business, finance, economics, insurance, or computer sciences 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 those calculus courses were prerequisites.

    Requirement 2: A minimum of one year of specialized experience, equivalent to at least the grade GS-13 level in Federal or other service, that demonstrated mastery of advanced theories, practices, methods and principles of actuarial science sufficient to provide expert consultation to senior level staff and to other actuaries, analysts, and personnel on social or health insurance issues, study approaches, research techniques amendable to actuarial methods, and the validity of actuarial assumptions and methods. Such work would typically have involved planning, coordinating and analyzing recent financial experience and preparing estimates of future experience based on general social, economic, and demographic factors using a variety of actuarial techniques.

    Requirement 3: Current associateship or above in the Society of Actuaries; or associateship or above in the Casualty Actuary Society; or status as an Enrolled Actuary. You must submit proof as part of your application.

    In describing your experience, please be clear and specific. We will not make assumptions regarding your experience. Applicants who do not fully address in their resume the specialized experience needed for the position and who do not possess the education will not be further considered. You will be rated on the following competencies based on your application for this position and your response to the occupational questionnaire:

    1. Knowledge of actuarial sciences with a focus on other post-employment benefits.
    2. Ability to analyze, interpret and implement actuarial techniques based on actuarial and accounting standards when preparing and reporting on actuarial based estimates.
    3. Ability to evaluate, test and analyze data factors used to develop and support assumptions used in the estimates.
    4. Ability to communicate orally.
    5. Ability to communicate in writing.

    Only education or a degree recognized by the U.S. Department of Education from an accredited college, university, schools or institution may be used to qualify for Federal employment. You can verify your education here. If you are using foreign education to meet qualification requirements, you must send a Certificate of Foreign Equivalency with your transcript in order to receive credit for your education.

    Physical Requirements: The work is sedentary. Typically the employee may sit comfortably to do the work. The work does not require any special physical effort. The Department of Veterans Affairs provides reasonable accommodations for persons with disabilities.

    VA supports the use of telework as a way to help attract and retain talented individuals in public service, increase worker productivity, and better prepare the agency to operate during emergencies. This position may be authorized for telework. Telework eligibility may be discussed during the interview process.

    Receiving Service Credit for Earning Annual (Vacation) Leave: Federal employees earn annual leave at a rate (4, 6 or 8 hours per pay period) which is based on the number of years they have served as a federal employee. VA may offer newly-appointed Federal employee's credit for their job-related non-Federal experience or active duty uniformed military service. This credited service can be used in determining the rate at which they earn annual leave. Such credit must be requested and approved prior to the appointment date and is not guaranteed.

    The Interagency Career Transition Assistance Plan (ICTAP) and Career Transition Assistance Plan (CTAP) provides eligible displaced Federal competitive service employees with selection priority over other candidates for Competitive Service vacancies. To be qualified you must submit appropriate documentation and be found well-qualified for this vacancy. A well-qualified candidate is defined as meeting all of the minimum qualification standards and eligibility requirements as well as possessing skills that clearly exceed the minimum qualifications requirements for this position. Specifically, a well-qualified candidate will demonstrate relevant experience as an Actuary with an emphasis on benefits as described in the vacancy announcement. Information about ICTAP and CTAP eligibility can be found here.

    Placement Policy: The posting of this announcement does not obligate management to fill a vacancy or vacancies by promotion. The position may be filled by reassignment, change to lower grade, transfer, appointment, or reinstatement. Management may use any one or any combination of these methods to fill the position.

    Notice to Applicants: It is the policy of the Government not to deny employment simply because an individual has been unemployed or has had financial difficulties that have arisen through no fault of the individual. Information about an individual's employment experience will be used only to determine the person's qualifications and to assess his or her relative level of knowledge, skills, and abilities. Although an individual's personal conduct may be relevant in any employment decision, including conduct during periods of unemployment or evidence of dishonesty in handling financial matters, financial difficulty that has arisen through no fault of the individual will generally not in itself be the basis of an unfavorable suitability or fitness determination.

    This job opportunity announcement may be used to fill additional vacancies.

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    You will be evaluated for this job based on how well you meet the qualifications above.

    If you are referred for further consideration, you may be asked to submit additional job related information, which may include responses to the knowledge, skill and ability statements; completion of a work sample; and/or an interview. Your resume and/or supporting documentation will be verified. Please follow all instructions carefully. Errors or omissions may affect your rating or further consideration for employment. After we receive application packages (including all required documents) and the vacancy announcement closes, we will review applications to ensure qualification and eligibility requirements are met. During our review, if your résumé and application package do not support your questionnaire answers, we will adjust your rating accordingly. Your application will be evaluated using the category rating method based on your responses to the assessment questions and the documents you submit. If you meet the basic requirements for the position, your application will be evaluated and placed into one of three categories:

    1. Best Qualified Category - Candidates who meet the minimum qualification requirements and demonstrate a high level of the knowledge, skills, and abilities necessary to perform the duties of the position.
    2. Well Qualified Category - Candidates who meet the minimum qualification requirements and demonstrate a satisfactory level of the knowledge, skills, and abilities necessary to perform the duties of the position.
    3. Qualified Category - Candidates who meet the minimum qualifications requirements.
    Note: Candidates eligible for veterans' preference will be placed ahead of other candidates in the appropriate category for which they have been rated. Additionally, preference eligibles who have a compensable service-connected disability of at least 10 percent and who meet the minimum qualification requirements will automatically be placed in the best qualified category.

    After the review is completed, a referral certificate(s) will be issued and applicants will be notified of their status by email (if provided). Referred applicants will be notified as such and may be contacted directly by the hiring office for an interview. All referred applicants receive a final notification once a selection decision has been made. You may check the status of your application at any time by logging into your USAJOBS account and clicking on "Application Status." For a more detailed update of your status, click on "more information." Information regarding applicant notification points can be found in the USAJobs Resource Center.

    Read more Security clearance Public Trust - Background Investigation

    Drug test required No

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