Duties

Summary

This position is located in the Pension Benefit Guaranty Corporation's Actuarial Services & Technology Department (ASTD). ASTD is located within the Office of Benefits Administration and is responsible for the calculation and valuation of benefits for participants in PBGC's single employer program, as well as the determination of single and multiemployer liabilities for purposes of PBGC's financial statements.

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

Learn more about this agency

Responsibilities

• Review actuarial valuations, ensuring that work is accomplished in accordance with professional actuarial standards, applicable laws and regulations, and policies.
• Advise, train, and assist other actuaries in all aspects of actuarial case work.
• Serve as an authoritative source for actuarial training content development and authoritatively communicate this technical content to others.
• Exercise responsibility for the review, evaluation and/or modification of case review standards, processes, and procedures, and work to ensure that procedures have been followed and results are accurate.

Travel Required

Occasional travel - Less than 10%

Supervisory status
No

Promotion Potential
14

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.

You may start at $117,191.00 (GS-14), if you possess the following specialized experience by the closing date of the announcement (in addition to the education requirement):

Specialized experience is defined as at least one year of experience at the GS-13 grade level in the Federal service or equivalent to the GS-13 grade level in the private sector interpreting, applying, and implementing the principles and practices of actuarial science as they apply to single employer defined benefit pension plans. Examples may include: reviewing actuaries' benefit calculations and valuations to determine accuracy; researching and resolving technical actuarial issues; developing, implementing, and monitoring actuarial policies and procedures for benefit calculations and valuations, providing technical guidance on actuarial matters to actuaries; and developing and providing training to actuaries and other professionals on actuarial matters.

Education

In order to qualify for this position, you must possess:

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.

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.

In addition, the following actuarial credentials are desired, but not required: Associate of Society of Actuaries (ASA), Enrolled Actuary (EA), and/or Fellow of the Society of Actuaries (FSA)

Additional information

PBGC encourages qualified applicants with disabilities to apply. Applicants with disabilities who are interested in learning more about job opportunities under 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.

THIS VACANCY ANNOUNCEMENT IS BEING ADVERTISED UNDER THE DIRECT HIRE APPOINTING AUTHORITY.

• There will be no applicant self-assessment or rating and ranking process.
• You will be evaluated for this job based on whether you meet the minimum qualification requirements listed above.
• Under the provisions of the Direct-Hire Appointing Authority, veterans' preference does not apply.

We will review your resume and supporting documentation to ensure you meet the minimum qualification requirements.

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Background checks and security clearance

Security clearance
Other

Drug test required
No

Required Documents

The following documents are required and must be provided with your application for this Public Notice:

RESUME: You must submit a resume. Your resume should clearly show your possession of the specialized experience 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 required qualifying education requirement for this position. Information on the specific education can be found under the Education section 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.

Failure to submit the required documents will result in an incomplete application.

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.