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Actuary

Department of Defense
Defense Human Resources Activity
Defense Personnel Analytics Center
This job announcement has closed

Summary

DHA Certain Personnel of the Department of Defense Guidance

This position is part of the Office of the Actuary, under the authority of the Defense Human Resources Activity. The incumbent will be responsible for serving as an actuarial technical specialist in the area of retirement and education benefits for military members.

Overview

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Hiring complete
Open & closing dates
05/18/2022 to 06/02/2022
Salary
$50,643 to - $80,532 per year
Pay scale & grade
GS 7 - 9
Location
1 vacancy in the following location:
Alexandria, VA
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
Not required
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
12
Job family (Series)
Supervisory status
No
Security clearance
Not Required
Drug test
No
Position sensitivity and risk
Non-sensitive (NS)/Low Risk
Trust determination process
Announcement number
DHRADPAC-22-11501931-DH
Control number
655319900

Duties

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This position is being filled under DoD Modified Direct Hire Authority, Section 1109; PL, 116-92, dated 12/20/2019 .

As an Actuary at the GS-1510-7/9 some of your typical work assignments may include:
GS-07:

  • Following established procedures, making actuarial calculations to be used, for example, in preparing cost estimates of proposed changes in retirement or medical programs.
  • Deriving and applying routine actuarial formulas to obtain rates and values for various plans such as medical and retirement.
  • Conducting supplementary studies of limited scope related to broad studies being conducted by higher-level professional staff.
GS-09:
  • Assisting in actuarial studies, analyses, and computations in support of DoD military retirement, survivor, and benefit programs.
  • Investigating specialized areas of actuarial science such as determination of normal costs, amortization schedules, and unfunded liabilities for military post-retirement benefits following general guidelines set by actuarial supervisors.
  • Analyzing actuarial data from military benefits to assure validity, accuracy, and correctness and recommending methods of applying the data to obtain desired results.
  • Assisting in the preparation of special studies involving the calculation of actuarial present values, projections of future flows of funds, or interpretations of laws affecting military fringe benefits.
  • Participating in the preparation of DoD financial statements and assists Chief Actuary in liaisons with DoD Inspector General and U.S. General Accounting Office.
  • The incumbent is expected to attain a knowledge of the data files and computer programs used by the actuarial staff.

Requirements

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Conditions of employment

  • Must be a U.S. Citizen
  • Occasional Travel
  • Work Schedule: Full-time
  • Males born after 12-31-59 must be registered for Selective Service
  • Suitable for Federal employment, determined by a background investigation
  • May be required to successfully complete a probationary period
  • Overtime: Occasionally
  • Tour of Duty: Flexible
  • Recruitment Incentives: Not Authorized
  • Fair Labor Standards Act (FLSA): Exempt/Non-Exempt
  • Financial Disclosure: Required/Not Required
  • Telework Eligibility: This position is telework eligible
  • COVID19: Please see, additional information.

Qualifications

You may qualify at the GS-07, if you fulfill the following qualifications:

One year of specialized experience equivalent to the GS-05grade level in the Federal service:

  • Actuarial experience
In addition to meeting qualifications, your application package must reflect the applicable experience to meet the Individual Occupational Requirements for the 1510 series, listed below. GS-07: Applicants must meet one of the following requirements:
  • 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
  • One year of graduate education in the subject areas of actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science; AND a course of educational study as described in paragraph (A) (1) ( a) above.
OR A 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 equivalent to a course of study described in paragraph (A) (1). 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 GS-07 Special Alternate Means of Qualifying: Successful completion of one (1) of the examinations offered by the Society of Actuaries (SOA), or the Casualty Actuarial Society (CAS), or credit for one of the Joint Board for the Enrollment of Actuaries (JBEA) examinations, as evidenced by an official SOA or CAS transcript. Applicants 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.

You may qualify at the GS-09, if you fulfill the following qualifications:
One year of specialized experience equivalent to the GS-07 grade level in the federal service:
  • Actuarial experience
In addition to meeting qualifications, your application must reflect the applicable experience to meet the Individual Occupational Requirements for the 1510 series, listed below:

GS-09: Applicants may qualify for this grade level by meeting one of the following requirements:
  • A master's degree or equivalent graduate degree, or 2 years of progressively higher level graduate education leading to a master's degree in actuarial science; mathematics, statistics, business, finance, economics, insurance, or computer science; AND a course of educational study as described in paragraph (A) (1) (a) above.
OR
  • A combination of education and experience that includes both of the following requirements:
  1. One year of actuarial experience equivalent to the GS-07 grade level
  2. A course of educational study as described in paragraph (A) (1) above
OR

GS-09 - Special Alternate Means of Qualifying:
Successful completion of two (2) of the examinations offered by the Society of Actuaries (SOA), or the Casualty Actuarial Society (CAS), or credit for two of the Joint Board for the Enrollment of Actuaries (JBEA) examinations, as evidenced by an official SOA or CAS transcript. Applicants 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.

Experience refers to paid and unpaid experience, including volunteer work done through National Service programs (e.g., Peace Corps, AmeriCorps) and other organizations (e.g., professional; philanthropic; religious; spiritual; community, student, social). Volunteer work helps build critical competencies, knowledge, and skills and can provide valuable training and experience that translates directly to paid employment. You will receive credit for all qualifying experience, including volunteer experience.*NOTE: Failure to provide transcripts will result in you being rated ineligible for this position.

Please keep your résumé to a reasonable length. If more than five pages are submitted, only the first five pages will be reviewed to determine your eligibility/qualifications.

Education

ARE YOU USING YOUR EDUCATION TO QUALIFY? You MUST provide transcripts or other documentation to support your educational claims.

All materials must be submitted by the closing date of the announcement.

GRADUATE EDUCATION: One academic year of graduate education is considered to be the number of credits hours that your graduate school has determined to represent one academic year of full-time study. Such study may have been performed on a full-time or part-time basis. If you cannot obtain your graduate school's definition of one year of graduate study, 18 semester hours (or 27 quarter hours) should be considered as satisfying the requirement for one year of full-time graduate study.

FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university. For further information, visit: Foreign Education

Additional information

COVID19 - To ensure compliance with an applicable preliminary nationwide injunction, which may be supplemented, modified, or vacated, depending on the course of ongoing litigation, the Federal Government will take no action to implement or enforce the COVID-19 vaccination requirement pursuant to Executive Order 14043 on Requiring Coronavirus Disease 2019 Vaccination for Federal Employees. Therefore, to the extent a Federal job announcement includes the requirement that applicants must be fully vaccinated against COVID-19 pursuant to Executive Order 14043, that requirement does not currently apply. Federal agencies may request information regarding the vaccination status of selected applicants for the purposes of implementing other workplace safety protocols, such as protocols related to masking, physical distancing, testing, travel, and quarantine.

Due to COVID-19, the agency is currently in an expanded telework posture. If selected, you may be expected to temporarily telework, even if your home is located outside the local commuting area. Once employees are permitted to return to the office, you will be expected to report to the duty station listed on this announcement within 60 days. At that time, you may be eligible to request to continue to telework one or more days a pay period depending upon the terms of the agency's telework policy.

Other Notes:
RE-EMPLOYED ANNUITANT: This position DOES NOT meet criteria for re-employed annuitant. The DoD criteria for hiring Re-employed Annuitants can be found at: https://www.esd.whs.mil/Portals/54/Documents/DD/issuances/140025/1400.25-V300.pdf

All applicants must meet qualifications and eligibility criteria by the closing date of the announcement.

Interagency Career Transition Assistance Programs: This program applies 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 ICTAP eligibility criteria; 2) be rated well-qualified for the position; Well qualified is defined as possessing the type and quality of experience that exceeds the positions minimum qualifications. and 3) submit the appropriate documentation to support your ICTAP eligibility. For more information:
https://www.opm.gov/policy-data-oversight/workforce-restructuring/employee-guide-to-career-transition/

Males born after 12-31-59 must be registered or exempt from Selective Service (see Who Needs to Register | Selective Service System : Selective Service System (sss.gov))

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

We will review your resume and supporting documents, to ensure you meet the basic qualification requirements. We will evaluate each applicant who meets the basic qualifications on the information provided and evaluate your relevant work experiences as it relates to fundamental competencies, identified below, required for this position.

Traditional rating and ranking of applications does not apply to this vacancy. Your application (resume and supporting documentation) will be evaluated to determine if you meet the minimum qualifications required as listed on the announcement under qualification requirements.

Veterans' Preference: If you are entitled to Veterans' Preference, you should indicate the type of Veterans' Preference you are claiming on your resume. Your Veterans' Preference entitlement will be verified by the employing agency.

For information on entitlement see http://www.fedshirevets.gov/job/vetpref/index.aspx

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