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Actuary -DH

Pension Benefit Guaranty Corporation
This job announcement has closed

Summary

This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Policy, Research, and Analysis Department (PRAD). 

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

Overview

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Reviewing applications
Open & closing dates
06/08/2021 to 06/28/2021
This job will close when we have received 75 applications which may be sooner than the closing date. Learn more
Salary
$103,690 to - $159,286 per year
Pay scale & grade
GS 13 - 14
Location
District of Columbia, DC
2 vacancies
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Occasional travel - less than 10%
Relocation expenses reimbursed
Yes—Recruitment incentives may be authorized for this position, if applicable.
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
14
Job family (Series)
Supervisory status
No
Security clearance
Other
Drug test
No
Position sensitivity and risk
Moderate Risk (MR)
Trust determination process
Announcement number
PRAD-2021-0002
Control number
603816200

This job is open to

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Clarification from the agency

Consideration may be given to those internal and external to government. All Veterans are encouraged to visit Careeronestop.org for resume writing tips and skill conversion terms.

Duties

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  • As an Actuary in the Policy, Research, and Analysis Department, you may:
  • Provide technical expertise and assistance on the financial impacts of legislative options on current funding and benefit guarantee requirements, including research and analysis of underfunding in PBGC insured defined benefit pension plans.
  • Assist the Pension Insurance Modeling System (PIMS) managers in designing the actuarial components of PIMS and carrying out contractor studies; analyze factors underlying pension issues/problems, formulate approaches, and devise tools and methods.
  • Communicate clearly and effectively in writing, in order to explain technical pension actuarial matters and to present modeling results.

Requirements

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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 $103,690 (GS-13) if you possess the following specialized experience by the closing date of the announcement (in addition to the below education requirement):

Specialized experience for the GS-13 grade level is defined as one year of experience at the GS-12 grade level in the Federal service or equivalent to the GS-12 grade level in the private sector which demonstrates knowledge of the laws, regulations and policies governing pension plans. Examples may include: reviewing the results of or developing forecasting or economic models under direct supervision; analyzing the output of such models to develop recommendations or policy under direct supervision; calculating pension benefits or liabilities in complex plans to determine pension funding patterns or required contributions: or determining the effects of changes in legal requirements to the liabilities and funding of pensions.

You may start at $122,530 (GS-14) if you possess the following specialized experience by the closing date of the announcement (in addition to the below education requirement):

Specialized experience for the GS-14 grade level is defined as 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 which demonstrates experience in applying the knowledge of the laws, regulations and policies governing pension plans. Examples may include two or more of the following: reviewing the results of or developing forecasting or economic models; analyzing the output of such models to develop recommendations or policy; calculating pension benefits or liabilities in plans to determine pension funding patterns or required contributions; or determining the effects of changes in legal requirements to the liabilities and funding of pensions.

Education

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

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

This vacancy announcement is to solicit applications for current and/or future vacancies.

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) 229-3637 or Beasley.donald@pbgc.gov. TTY/TDD users should call the federal relay service at (800) 877-8339 and ask to be connected to (800) 400-7242.

All Veterans are encouraged to visit CareerOne for resume writing tips and skill conversion terms.

Interagency Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. To receive selection priority for this position, you must: 1) meet CTAP or ICTAP eligibility criteria; 2) be rated well-qualified for the position with a score of 80 or above based on the competencies listed above (which is equivalent to PBGC’s “Silver” quality category); and 3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: Interagency Career Transition Assistance Programs.

If you believe that you have been subjected to discrimination, you may contact the PBGC Office of Equal Employment Opportunity (OEEO):

OEEO Main Office Phone: 202-229-4363

Email: EEO@PBGC.gov

Due to the COVID-19 pandemic, PBGC is currently operating under maximum telework flexibilities.  However, all Federal agencies will begin a phased transition to normal operations. 

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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