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    Duties

    Summary

    The incumbent of this position serves as Chief Actuary of the Department of Defense, furnishing professional advice, reports, actuarial analysis, and related data pertinent to the administration and revision of certain military compensation programs, such as retired pay, survivor benefits, retiree health care, and prefunded education benefits. Please see https://actuary.defense.gov/ for more information about this directorate.

    Learn more about this agency

    Responsibilities

    As Chief Actuary for DoD, the incumbent has complete responsibility for planning, developing, executing, and perfecting the actuarial program at DoD. This includes, but is not limited to, the following responsibilities:

    - Plans, directs, and conducts annual actuarial valuations of the military retirement system in order to adhere to the reporting requirements of the Chief Financial Officers Act and to determine actuarial funding requirements for the Military Retirement Fund. Has full authority and responsibility for selecting all assumptions and technical procedures used in the valuation subject only to professional and accounting standards and the statutory reviewing powers of the DoD Boards of Actuaries. Prepares cost estimates and actuarial analyses for proposals to amend the military retirement system for the use of DoD, the Services, OMB, Congress, and other interested parties.
    - Prepares long-range (100 year) projections of disbursements from and income to the Military Retirement Fund. As of the end of FY 2016, this fund was valued at $664 billion. Prepares short-term monthly projections of disbursements from and income to this same fund in order to help the Fund's investment manager set investment policy within DoD
    - Prepares and publishes annual statistical report on the Military Retirement System in order to facilitate and educate policymakers in regard to demographics of retirees.
    - Supervises the actuarial valuation of post-retirement health care benefits for military personnel, dependents, and survivors.
    - Acts as a consultant to DoD high-level officials on all matters pertaining to the actuarial status of the compensation system. Directly impacts policy decisions by advising the administration on budget problems as well as private and other public sector policy. Advises representatives including the Boards of Actuaries, on actuarial problems relating to DoD's operations; attends congressional hearings on proposed legislations; and testifies before congressional committees as required.
    - Calculates normal costs and the liability of the DoD Education Benefits Fund ($1.1 billion at the end of FY 2016).
    - Acts as Executive Secretary to the Secretary of Defense-appointed DoD Board of Actuaries and DoD Medicare-Eligible Retiree Health Care Board of Actuaries.
    - Communicates with actuaries and officials of other government agencies as well as with non-governmental actuaries on matters pertaining to the actuarial aspects of DoD compensation systems.

    Travel Required

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

    Supervisory status

    Yes

    Promotion Potential

    None

  • Job family (Series)

    1510 Actuarial Science

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    Requirements

    Conditions Of Employment

    • Work Schedule: Fulltime
    • Occasional Travel
    • You must be a U.S. citizen to qualify for this position.
    • You must submit a drug test and receive a negative screening before you can be appointed into this position.
    • You must be able to obtain a Secret Security Clearance
    • Telework Eligibility: This position is telework eligible.
    • This is a Resume based hiring method.
    • Fair Labor Standards Act (FLSA): Exempt
    • Tour of Duty: Flexible
    • All applicants must meet qualifications and eligibility criteria by the closing date of the announcement.

    Qualifications


    One year of actuarial experience at the GS-15 level 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.

    *Note- Transcripts are required for this position.

    Education

    Substitution of education may not be used in lieu of specialized experience for this grade level.



    Additional information

    • REEMPLOYED ANNUITANTS: http://www.dtic.mil/whs/directives/corres/pdf/1400.25-V300.pdf
    • Financial Disclosure: Senior Executives are required to comply with the provisions of the Ethics in Government Act, PL 95-521, which requires the submission of a financial disclosure statement (OGE 278), upon assuming an SL position. This must be submitted annually and upon termination of employment.

    How You Will Be Evaluated

    Once you have successfully completed the application process, you will receive a notification of receipt. After the announcement has closed, we will review your resume and application package to ensure you meet the basic qualification requirements. This determines which candidates will be referred to the Executive Evaluation Panel for consideration and is based on the information provided in the complete resume package. You will receive a notification of referral. A list of qualified applicants will be sent to an Executive Evaluation Panel for evaluation of the resume and qualifications statement for each candidate to determine the best qualified candidates who will be referred to the selecting official. Once the selection is made, you will receive a notification of the decision.

    Background checks and security clearance

    Security clearance

    Secret

    Drug test required

    Yes

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    Required Documents

    To apply for this position, you must provide a complete Application Package that must include all of the following:

    • Completed Resume
    • Completed Assessment Questionnaire
    • Vacancy Identification Number - DHRA-19-10443392-SL
    • Current SF-50, if you are a current Federal employee. (If applicable)
    • Veteran documents if applicable
    • Transcripts ARE REQUIRED

    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.

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    Benefits

    A career with the U.S. Government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding.

    https://help.usajobs.gov/index.php/Pay_and_Benefits

    Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.

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    How to Apply

    TO SUBMIT AN APPLICATION THROUGH USAJOBS AUTOMATED SYSTEM: In order to expedite the review of your application, you must submit a complete online application package to include the resume and vacancy questions. To apply online, please select the 'Apply Online' button at the bottom of this announcement. Please note: your online resume may not be a complete application. Be sure to carefully read this announcement to see if additional information is required and how it should be submitted. Please Note: Applications mailed in franked government envelopes will not be considered for this position. Applicants who fail to submit all information and documents WILL NOT receive consideration for the position.

    To review the status of an application through USAJOBS:
    1. Log into your USAJOBS account.
    2. Click Application Status within your profile to expand your application.
    3. Locate the job announcement and click the more information link under the Status column for this position. You will be routed to Application Manager. The Details tab displays by default. The Details tab displays comprehensive information about the selected Application Package including: supporting documents and their status, correspondence sent to you by the hiring agency, and your application processing status.

    Agency contact information

    Heather Weidner

    Address

    Defense Human Resources Activity
    4800 Mark Center Drive
    Alexandria, VA 22350-110
    US
    Learn more about this agency

    Visit our careers page

    Learn more about what it's like to work at Defense Human Resources Activity, what the agency does, and about the types of careers this agency offers.

    https://www.dhra.mil/

    Next steps

    Once your application is received we will conduct a review of your application package to ensure all required documents have been received. All applications that have all required documents will be forwarded to management for panel review and possible interview.The Defense Human Resources Activity provides reasonable accommodations to applicants with disabilities. If you need a reasonable accommodation for any part of the application and hiring process, please notify the point of contact for this job announcement. Your requests for reasonable accommodation will be addressed on a case-by-case basis.

Fair & Transparent

The Federal hiring process is setup to be fair and transparent. Please read the following guidance.

Equal Employment Opportunity Policy

The United States Government does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy And gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.

Reasonable Accommodation Policy

Federal agencies must provide reasonable accommodation to applicants with disabilities where appropriate. Applicants requiring reasonable accommodation for any part of the application process should follow the instructions in the job opportunity announcement. For any part of the remaining hiring process, applicants should contact the hiring agency directly. Determinations on requests for reasonable accommodation will be made on a case-by-case basis.

A reasonable accommodation is any change in the workplace or the way things are customarily done that provides an equal employment opportunity to an individual with a disability. Under the Rehabilitation Act of 1973 the Equal Employment Opportunity Commission (EEOC) must provide reasonable accommodations:

  • An applicant with a disability needs an accommodation to have an equal opportunity to apply for a job.
  • An employee with a disability needs an accommodation to perform the essential job duties or to gain access to the workplace.
  • An employee with a disability needs an accommodation to receive equal access to benefits, such as details, training, and office-sponsored events.

Legal and regulatory guidance

This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/528034000. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.