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    Duties

    Summary

    This Position is located in the Pension Benefit Guaranty Corporation's Washington DC Metropolitan area only.

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

    Learn more about this agency

    Learn more about this agency

    Responsibilities

    • Assists higher level actuaries in the review of routine terminated plans to determine that all required plan information is included.
    • Sets up the actuarial database following instructions from senior staff.

    Travel Required

    Occasional travel - 10% or less

    Supervisory status

    No

    Promotion Potential

    11 - ONCE YOU HAVE BEEN CONVERTED OUT OF THE RECENT GRADUATES PROGRAM INTO THE COMPETITIVE SERVICE YOUR FULL PERFORMANCE LEVEL MAY BE A GS-13.

  • Job family (Series)

    1510 Actuarial Science

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    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
    • Must meet suitability for Federal employment
    • You will be in a trial period throughout your entire Pathways appointment
    • If selected, you must;
    • Sign a Pathways Internship Program agreement and adhere to program requirements
    • Perform successfully the assigned duties listed in the position description
    • Adhere to all laws, rules, regulations and policies of PBGC

    Qualifications

    In addition to the basic education requirements indicated below, you must also qualify for this position based on one of the following: education, specialized experience, or a combination of both.

    You may qualify for this position based on education, if you possess one year of graduate-level education or superior academic achievement; OR if you possess at least one year of specialized experience at the GS-05 grade level in the Federal service or equivalent to the GS-05 grade level in the private sector applying analytical and actuarial techniques to research and analyze mathematical data. Examples may include: performing analysis and evaluation of records, documents and relevant data; or reviewing and calculating accrued benefits; OR a combination of education and experience may be combined for this grade level for which both education and experience are acceptable.

    Who is eligible for the Recent Graduates Program? Any individual who completed all requirements for an associate, bachelor, master, professional, or doctorate degree from a qualifying educational institution within the previous two years meets the basic requirement to apply for the Recent Graduate Program;

    -OR-

    Any veteran released or discharged from active duty within the previous two years but not more that six years following completion of applicable degree.

    VOLUNTEER WORK EXPERIENCE: Refers to paid and unpaid experience, including volunteer work done through National Service Programs (i.e., Peace Corps, AmeriCorps) and other organizations (e.g., professional, philanthropic; religious; spiritual; community; student and social). Volunteer work builds critical competencies, knowledge, and skills that can provide valuable training and experience that translates directly to paid employment. You will receive credit  for all qualifying experience, including volunteer experience.

    Education

    Basic Requirements

    Education Requirement: Applicants may meet the education requirement for actuary positions by meeting either Paragraph A or Paragraph B below.

    Paragraph A: Applicants may qualify for the GS-7 grade level by meeting ONE the educational and/or experience requirements described below:

    (a) Eligibility under the superior academic achievement provision 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.

    OR

    (b) One year of graduate education in the subject areas of actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science; 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.

     OR

    (c) Combination of education and experience that includes both of the following requirements: One year of actuarial experience equivalent to the GS-05 grade level; 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.

    Paragraph B: Special Alternate Means of Qualifying for Positions at GS-07 or Equivalent

    Applicants may qualify for a position at grade level GS-07 using the "Special Alternate Means" provisions described below. Applicants for all grade levels must complete 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.

    Successful completion of appropriate examinations offered by the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), or the Joint Board for the Enrollment of Actuaries (JBEA), as evidenced by an official SOA or CAS transcript, and specialized experience described below is fully qualifying at the grade levels shown below:

     1. GS-07 or Equivalent Grade Level: Successful completion of one of the SOA or CAS examinations, or credit for one of the JBEA examinations. 

    This position has an education requirement. You MUST provide a copy of your official transcripts to support your educational claims. Education must be accredited by an accrediting institution recognized by the U.S Department of Education.  https://www.ed.gov/accreditation

    All qualifications and eligibility requirements must be met by the closing date of this announcement.

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

    Additional information

    PBGC encourages qualified applicants with disabilities to apply. Applicants with disabilities who are interested in learning more about job opportunities are encouraged to contact PBGC’s Selective Placement Program Coordinator, Donald Beasley, at (202) 326-4110 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

    Procedures to category rating are being used for this position. If you meet the basic qualification requirements, we will further evaluate your resume and transcripts to determine the quality and extent to which your background (experience, education, training, etc.) relates to the following knowledge, skills, and abilities:

    1. skill in applying analytical and actuarial techniques

    2. knowledge of basic computer software, automatic data processing (ADP) concepts and procedures

    Based on that evaluation, we will place you in one of the following categories- 1) Gold; 2) Silver; 3) Bronze.

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

      If, after your application has been rated by the Subject Matter Expert, you are found to meet none of the KSAS listed above, you will be placed in the Bronze category.  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.

      This assessment method does not add veterans' preference points but protects the rights of veterans by placing them ahead of non-preference eligibles within each category.

      How veterans’ preference is applied- All applicants who are eligible for veterans’ preference (based on the documents submitted) will receive preference over non-veterans.  Preference eligibles who meet minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent are listed in the highest 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

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    Required Documents

    RESUME: You must submit a resume. A copy of your official transcript must clearly show the discipline your degree was awarded. Your application package must indicate any skills and experience you possess that are related to the duties posted in the job announcement.

    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): SUBMIT A COPY OF YOUR CURRENT OFFICIAL TRANSCRIPT (NO OTHER DOCUMENTS WILL BE ACCEPTED AS PROOF).

    Only degrees from an accredited college or university recognized by the Department of Education are acceptable to meet positive education requirements or to substitute education for experience. For additional information, please go to the Office of Personnel Management (OPM) and U.S. Department of Education websites at-http://www.opm.gov/qualifications and information, please go to the Office of Personnel Management (OPM) and U.S. Department of Education websites at-http://www.opm.gov/qualifications and http://www.ed.gov/admins/finaid/accred/index.html.


    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.

    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.

    Visit PBGC Benefits for information on our Agency Benefits offered.

    https://www.opm.gov/healthcare-insurance/healthcare/plan-information/guides/

    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

    In order to be considered, submit all of the required information (including your supplemental documentation) before midnight EST on the closing date. If you are not able to apply online or require reasonable accommodations, contact Tonya Crowley on (202) 229-6586 or at crowley.tonya@pbgc.gov no later than 5:00 p.m. on the day before the closing date of this vacancy announcement. For TTY/TDD users, call the Federal Relay Service toll free at 1-800-877-8339 and ask to be connected to (202) 326-4111. Please complete all the steps in the online application process at USAJOBS (www.usajobs.gov). You may make updates to your information at any time prior to midnight EST on the closing date of this announcement.

    * Register with USAJOBS, which will store your information and resume. You will only need to complete this step once.

    * Locate and review the vacancy announcement on USAJOBS. Click the Apply Online link and then select a resume to submit with your application.

    * Click on "Apply for this Position Now." You will be redirected to our online system.

    * Complete or review the online core questions, which determine the types of positions you are eligible for.

    * Specify which series and grade(s) you wish to be considered for.

    * Complete the online vacancy questions, then click "Finish". You will continue to the Vacancy Documents page.

    * Submit each of the documents that apply to you by upload in USAJOBS.

    * You will then see a summary of your application, including the documents that you submitted. You are strongly encouraged to save or print a copy of this page as proof of submission and receipt of your application and documents.

    * To finish, click "Finish."

    Agency contact information

    Tonya Crowley

    Phone

    202-229-6586

    Fax

    000-000-0000

    Email

    crowley.tonya@pbgc.gov

    Address

    PENSION BENEFIT GUARANTY CORPORATION
    HUMAN RESOURCES DEPARTMENT
    1200 K STREET NW
    SUITE 120
    WASHINGTON, District of Columbia 20005
    United States
    Learn more about this agency

    The Partnership for Public Service ranked PBGC in the top five best places to work among small Federal agencies!  PBGC ranked fifth out of the 29 agencies in this category, with high scores on work/life balance, benefits, job security, advancement, and organizational culture.

    Are you looking for challenging, compelling, and important work?  The Pension Benefit Guaranty Corporation (PBGC) has a distinguished and important mission in protecting America’s pensions.  At PBGC, you will use your skills in accounting, auditing, business, finance, law, actuarial science, information technology and more to protect the retirement income of nearly 40 million hardworking Americans. 

    For this announcement, the number of applications will be limited to (50). The vacancy will close on the closing date listed or on midnight EST of the date the application limit is reached, whichever comes first. All applications received on the date the application limit is reached will be accepted and processed.

    Next steps

    You are encouraged to complete your USAJOBS personal account completely to receive notifications at each point in the recruiting process. Utilizing this option allows you to review and track the status of your application and receive email notifications from the hiring office.

    You may check the status of your applications by clicking on the My USAJOBS tab at the USAJOBS website.

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

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/552761900. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.