This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Negotiations and Restructuring (ONR), Negotiations and Restructuring Actuarial Department (NRAD), Negotiations and Restructuring Actuarial Division (NRAD).
More than one selection may be made from this vacancy announcement.
THIS VACANCY ANNOUNCEMENT IS BEING ADVERTISED UNDER THE DIRECT HIRE APPOINTING AUTHORITY.Learn more about this agency
As an Actuary in the Negotiations and Restructuring Actuarial Division (NRAD), you will:
Be responsible for formulating and conducting complex studies of major corporations, unions and industries with respect to their unique, intricately structured pension plans in order to assess and make recommendations related to their impact on PBGC.
Participate in the assessment of transactions potentially affecting the funded status of single-employer pension plans, including determination of unfunded benefit liability (UBL), unfunded guaranteed liability (UGL), due/unpaid employer contributions (DUECs), and §430(k) liens.
Plan and develop long-range actuarial studies related to all PBGC-covered pension plans. These tasks include, assisting in the development of negotiating strategies, providing analysis of settlement proposals, and conducting studies of the financial viability of plans.
Participate in the review of applications from multiemployer pension plan sponsors for benefit suspension, plan partitions, facilitated mergers, and special financial assistance.
Participate, as needed, in the determination of contingent liabilities included in PBGC’s Financial Statement for both single-employer and multiemployer plans.
Develop actuarial models for projecting pension plan assets and liabilities, cash flows, and contribution requirements, and test their sensitivity to changes in projection assumptions, benefit levels and contribution schedules.
Plan and direct contract actuaries, perform a variety of pre-award and post award activities; prepare Statements of Work and technical evaluation criteria, participate in the technical evaluation of proposals, maintain close surveillance of contractors' progress, regularly document contract status, accept or reject invoices submitted by the Contracting Officer, and serve as Contracting Officer's Representative (COR).
Participate with the Chief Negotiating Actuary in developing policies, procedures, and standard techniques for application to the actuarial work of the division and to support other required quantitative analyses. Evaluate legislative and regulatory proposals for all PBGC-covered pension plans and make recommendations on the drafting of regulations.
Occasional travel - less than 10%
This job originated on www.usajobs.gov. For the full announcement and to apply, visit www.usajobs.gov/GetJob/ViewDetails/603002100. Only resumes submitted according to the instructions on the job announcement listed at www.usajobs.gov will be considered.