As Chief Actuary, you will be responsible for planning, developing and maintaining the actuarial program of the Board. The incumbent reports directly to the RRB's three member Board. The position is a career reserved position in the Senior Executive Service and is located at our national headquarters in Chicago, Illinois.Learn more about this agency
As a Chief Actuary, you will:
- Prepare periodic actuarial valuations and cash flow projections of the railroad retirement system;
- Make cost estimates for proposed legislation;
- Participate in legislative analysis from the point of view of cost and administrative implications;
- Conduct scientific research in fields pertinent to the Board's actuarial program;
- Give advice on all actuarial problems related to the old-age retirement, disability retirement, survivor insurance, and supplemental annuity programs administered by the Board.
- The bureau also develops and provides special and regular statistical and research studies of benefit provisions of Railroad Retirement Act (RRA) and Railroad Unemployment and Insurance Act (RUIA), special computations of the Financial Interchange Program, and the analyses of employment trends within the railroad industry.
- The position of the Board's Chief Actuary is comparable to that of a Chief Actuary of a giant insurance company or of a large actuarial consulting organization. The active membership of the railroad retirement system is now in the neighborhood of 200,000 persons, and the number of beneficiaries on the Board rolls is over 500,000 and the benefit disbursements are at a rate of approximately $13 billion annually.
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/577826600. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.