Senior Actuary (Property and Casualty/General Insurance)
Relocation expenses reimbursed No
Selective Placement Factor: In addtion to meeting the below education and specialized experience requirements, applicants must possess at least one of the following acturial certications: Associate of the Casualty Actuarial Society, Associate of the Society of Actuaries, Fellow of the Casualty Actuarial Society or Fellow of the Society of Actuaries.
You must meet all qualifications requirements BEFORE the closing date of this announcement.
In addition to meeting the education requirements applicants must have 1 year (52 weeks) of specialized experience at the next lower band level, or equivalent to the GS-13 grade level in the Federal Service, which has equipped the applicant with the skills and knowledge to successfully perform the duties of the position. Specialized experience is defined as practical experience applying actuarial science concepts, practices, and techniques to identify financial risk posed by property and casualty/general insurance programs; producing accurate work products that provide factual, analytical, and conceptual actuarial information; and presenting information to targeted audience to ensure proper interpretation and implementation of actuarial recommendations.
NOTE: “General Insurance” is not intended to include life insurance, health insurance, or pension programs. This position requires experience working with property and casualty/general insurance programs. Experience in other actuarial practice areas is a plus, but is not required.
NOTE: Positions in GAO are covered under the agencys’ performance based compensation system, which is pay banded. This position is classified as a PE-1510, Band IIB, which is equivalent to the GS-14 level in the federal government.
Applicants must meet the following education requirements:
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.
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.
**YOU MUST SUBMIT A COPY OF YOUR TRANSCRIPT SHOWING THIS COURSEWORK. FAILURE TO DO SO WILL RESULT IN AN INELIGIBLE RATING.**
This is a bargaining unit position.
Based on the staffing needs, additional selections may be made through this vacancy announcement.
Selectee may be required to file a Financial Disclosure Statement.
Travel and relocation expenses will not be paid for by the GAO.
Males born after 12/31/59 and at least 18 years of age must be registered with the Selective Service System. Visit http://www.sss.gov/.
Please be aware that applicants will be required to complete questions contained on the Declaration for Federal Employment (OF-306) at the time a tentative job offer is made. If selected, at the time of appointment, selectees will be required to update the OF-306.
If you are selected for this position, you will be subject to a determination of your suitability for Federal employment.
The U.S. Government Accountability Office’s policy is to provide equal employment opportunity for all regardless of race, religion, color, sex (including pregnancy), national origin, age, disability, genetic information, sexual orientation, or gender identity.
The U.S. GAO is part of the Legislative Branch of the Federal government. As such, all positions are in the excepted service. Initial appointments, permanent or indefinite, to the GAO require completion of a one-year or two-year probationary period.
You will be evaluated for this job based on how well you meet the qualifications above.
If you meet the qualification requirements stated above, you will be further rated based on your responses to the vacancy questions. Please make sure that your responses to the vacancy questions are supported in your resume. Follow all instructions carefully as incomplete answers, errors, or omissions may affect your rating. Your rating will be invalid if you fail to include a narrative reply to any vacancy question(s) that requires further explanation or your reply is "see resume."
All applicants will be rated on the following KSA’s:
- Mastery of actuarial sciences research concepts, practices, and techniques, especially as they involve programs and problems related to financial risks posed by property and casualty/general insurance programs and contingencies.
- Mastery of qualitative and quantitative techniques for analyzing and evaluating the effectiveness, efficiency, and productivity of government programs and operations.
- Skill in selecting, organizing, and presenting appropriate information in a concise and balanced manner and to communicate such information to target audiences.
- Ability to utilize strong critical thinking skills to analyze the work of others, both actuaries and non-actuaries, for conceptual and technical accuracy, inclusion of key concepts, and effectiveness of communication.
- Ability to communicate effectively orally and in writing to prepare reports, participate in interviews and meetings, and to make presentations to agency officials, congressional staff, and others.
Veterans Preference applies to this announcement. For more information regarding veterans’ preference please visit http://www.fedshirevets.gov/index.aspx
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