Duties

Summary

THIS VACANCY ANNOUNCEMENT HAS BEEN AMENDED TO EXTEND THE CLOSING DATE

This position is located in the Pension Benefit Guaranty Corporation's Policy, Research, and Analysis Department (PRAD).

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

Learn more about this agency

Responsibilities

• Serve on PRAD modeler team to develop, maintain and enhance models; provide modeling support in all system aspects of the Pension Insurance Modeling System (PIMS).
• Assist in developing, maintaining and refining PBGC's pension forecast models and related databases.
• Communicate technical pension actuarial matters and modeling results clearly and effectively in writing.
• At the lower grade level, you will receive closer supervision in the performance of the above duties.

Travel Required

Not required

Supervisory status
No

Promotion Potential
14 - If you are hired at a level below the full performance level, you may be promoted without further competition.

Requirements

Conditions of Employment

• 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

Qualifications

All qualification and eligibility requirements must be met by the announcement closing date.

GS-14: You may start at $117,191.00, if you meet the following minimum qualification requirements in addition to the education requirement listed under the Eligibility Requirements:

SPECIALIZED EXPERIENCE: GS-14

Specialized experience is defined as one year of experience at or equivalent to the GS-13 grade level in the Federal service or equivalent to the GS-13 grade level in the private sector developing, designing and maintaining computer models and software for actuarial forecasting. Examples may include: two or more of the following: developing, designing and maintaining computer models and software for the actuarial valuation and forecast of defined benefit plan liabilities; applying project management principles, pension knowledge, and accounting standards to relational databases developed for defined benefit pension plans; and designing, enhancing, and developing pension and financial modeling and forecasting systems.

GS-13: You may start at $99,172.00, if you meet the following minimum qualification requirements in addition to the education requirement listed under the Eligibility Requirements:

SPECIALIZED EXPERIENCE: GS-13

Specialized experience is defined as one year of experience at or equivalent to the GS-12 grade level in the Federal service or equivalent to the GS-12 grade level in the private sector maintaining computer models and software for actuarial forecasting. Examples may include: maintaining computer models and software for the actuarial valuation and forecast of plan liabilities; developing, programming, updating, and maintaining computer models with microsimulation and stochastic forecasting features for financial or insurance systems; applying project management principles, and accounting standards to relational databases; and using or enhancing financial modeling and forecasting systems.

In addition, a credentialed actuary or financial analyst is desired, but not required.

At the lower grade level, you will receive closer supervision in the performance of the above duties.

If you are hired at a level below the full performance level, you may be promoted without further competition.

Education

EDUCATION:

A. Degree: Mathematics, statistics, or actuarial science. The degree must be in a major field of study (at least at the baccalaureate level) that is appropriate for the position

-OR-

B. Combination of education and experience: Courses equivalent to a major field of study as shown in paragraph A above, plus additional education or appropriate experience.

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education.

Additional information

Interagency Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. To receive selection priority for this position, you must: 1) meet CTAP or ICTAP eligibility criteria; 2) be rated well-qualified for the position with a score of 80 or above based on the competencies listed above (which is equivalent to PBGC's "Silver" quality category); and 3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp

Candidates who apply under Noncompetitive and Special Hiring Authorities (i.e., displaced/surplus employees (CTAP/ICTAP eligibles), veterans eligible under the Veterans Opportunity to Work Act (VOW)/Veterans' Employment Opportunities Act (VEOA), disabled veterans with 30% or more disability, former Action Volunteers-Peace Corps/VISTA/etc., persons with disabilities and others who are eligible for special appointing authorities) procedures will undergo a quality review to determine if they are minimally qualified based on the content of their resume, supporting documentation submitted and their responses to the assessment questionnaire.

To be considered under a special hiring authority such as the Schedule A appointing authority for persons with disabilities ; the direct-hire authority to appoint veterans with service-connected disabilities of 30 percent or more ; Peace Corps or VISTA service; or another excepted service/special hire authority, you must submit documentation to support your claim for eligibility with your application package. For more details, visit Federal Hiring Flexibilities .

PBGC encourages qualified applicants with disabilities to apply. Applicants with disabilities who are interested in learning more about job opportunities under the Schedule A Hiring Authority and other available hiring flexibilities and authorities are encouraged to contact PBGC's Selective Placement Program Coordinator, Donald Beasley, at (202) 326-4000 ext. 3637 or schedulea@pbgc.gov. TTY/TDD users should call the federal relay service at (800) 877-8339 and ask to be connected to (202) 326-4000 ext 3637.

How You Will Be Evaluated

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

Category Rating is being used for this position.

If your resume does not support the answers you gave on the assessment questionnaire, you may be rated Not Qualified or you may be placed in a lower category.

Your name will be placed in one of the three following quality categories:

•Gold - highly proficient regarding the knowledge, skills and abilities (KSAs) related to this position.
•Silver - competent regarding the knowledge, skills and abilities (KSAs) related to this position.
•Minimally Qualified- possessing only the minimum qualifications required for this position.

Your qualifications will be evaluated on the following knowledge, skills, and abilities (KSAs):

GS-14:

1. skill in evaluating and implementing technology for modeling tools using best of breed technology solutions

2. knowledge of the design and maintaining relational databases for econometric forecasting

3. skill in written communication

GS-13:

1. skill in evaluating and implementing technology for modeling tools using best of breed technology solutions

2. knowledge of the design and maintaining relational databases for econometric forecasting

3. skill in written communication

Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.

Referral:

Application of Veterans' Preference: The Category Rating process protects the rights of veterans by placing them ahead of non-veterans within each quality category. All qualified veterans must be selected before selecting any non-veterans within each quality category.

For this position, disabled veterans who meet minimum qualifications for this position and have a compensable service-connected disability of at least 10% are placed at the top of the Gold category regardless of which category to which they would otherwise be assigned.

Preference eligibles who do not have a service-connected disability of 10% or more (XP or TP) are placed at the top of their quality category, except when the position being filled is scientific or professional at the GS-9 grade level or higher. A selecting official may make selections from the highest quality category (Gold) provided no preference eligible in that category is passed over to select a non-preference eligible in that category unless the requirements of 5 U.S.C 3317(b) or 3318(b) are satisfied.

To preview questions please click here .

Background checks and security clearance

Security clearance
Other

Drug test required
No

Required Documents

RESUME: You must submit a resume. Your resume should clearly show your possession of the specialized experience and KSAs so that we can determine your qualifications for this position. Your resume should be specific to the position you are applying for, relating your skills and experience to those noted in the job posting.

COVER LETTER (OPTIONAL): Your cover letter should state your interest in this position and the strengths that you feel will make you an asset to the Pension Benefit Guaranty Corporation. We will not use your cover letter to determine your qualifications; however, your cover letter will go to the Selecting Official along with your resume if you are referred.

TRANSCRIPT(S) This position has a positive education requirement. You must submit transcripts to verify that you meet the requirement. Information on the specific education requirement can be found under the Education in the vacancy announcement. Your transcripts should include course titles, school name/location, date completed, grades, and number of credits earned. Applicants who obtained their qualifying education outside of the U.S. and its territories must provide proof that their degrees have been validated as equivalent to a degree conferred by a college or university in the U.S. Unofficial transcripts may be submitted with your application; however, you must bring official transcripts with your first day if you are hired. Please see the Education section of this announcement for additional information.

VETERANS PREFERENCE: If claiming veteran's preference, you should indicate the type of veteran's preference you are claiming on your resume. For 5-point veteran's preference, you must provide a copy of your DD-214 Certificate of Release or Discharge from Active Duty (Member 4 copy or Member 7 copy), official statement of service from your command if you are currently on active duty, or other official documentation (e.g. documentation of receipt of a campaign badge or expeditionary medal) that proves your military service was performed under honorable conditions. Your DD-214 must show the type of discharge and dates of active duty. If the appropriate copy of the DD-214 is not submitted and the discharge status is not confirmed, you will not receive credit for the claimed active duty military service. To gain access to your DD214 online, please visit: National Archives . For 10-point veteran's preference, including 30% or more disabled veterans, you must submit a SF-15 , Application for 10-point Veteran Preference and any documentation required by this form to support your claim. These documents must be submitted before 10-point preference can be awarded. If you fail to provide documentation required by the SF-15 you will receive 5-point preference if veterans' preference requirements have been met.

Information on Veterans Preference is available in the Vet's Guide that can be found at OPM's website: Veterans Guide .

Veterans Opportunity to Work Act (VOW) : If you are currently serving on active duty you MUST submit a statement of service from your unit (on unit letterhead) identifying the branch of service, period(s) of service, campaign badges or expeditionary medals earned, type of discharge, character of service, and the date you will be separated or be on approved terminal leave. If you provide a statement of service at this stage, your preference/eligibility will be verified by a DD214 (Member 4 Copy) upon separation from the military.

Interagency Career Transition Assistance Programs: CTAP and ICTAP candidates must submit documents showing eligibility for selection priority (e.g., RIF separation notice, Certificate of Expected Separation, or other proof of eligibility for priority selection); an SF-50 showing the current (or former) position, grade level, promotion potential, and duty location; and the most current performance appraisal including the performance rating.

If you are relying on your education to meet qualification requirements:

Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.