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Actuary- Direct Hire (12 Month Register)

Department of the Treasury
Internal Revenue Service
This job announcement has closed

Summary

Positions under this announcement are being filled using a Direct Hire Authority (DHA) and Recruitment Incentive is authorized for eligible, highly-qualified applicants. For information on the Incentive please reference the Additional Information section of this announcement.

Click on "Learn more about this agency" button below to view Eligibilities being considered and other IMPORTANT information.


WHERE CAN I FIND OUT MORE ABOUT OTHER IRS CAREERS? Visit us on the web at www.jobs.irs.gov

Overview

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Job canceled
Open & closing dates
06/09/2022 to 12/19/2022
Salary
$131,178 to - $176,300 per year
Pay scale & grade
GS 15
Locations
1 vacancy in the following locations:
Birmingham, AL
Fayetteville, AR
Little Rock, AR
Phoenix, AZ
Remote job
No
Telework eligible
Yes—as determined by the agency policy.
Travel Required
25% or less - You may be expected to travel for this position.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
15
Job family (Series)
Supervisory status
No
Security clearance
Not Required
Drug test
No
Position sensitivity and risk
High Risk (HR)
Trust determination process
Announcement number
22-11520938C-LBD-1510-15
Control number
658965300

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Duties

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WHAT IS THE LARGE BUSINESS & INTERNATIONALDIVISION?
A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions

Vacancies will be filled in the following specialty areas:
Large Business & International Enterprise Activities
This opportunity is available within Enterprise Activities: Actuary Team.
#LI-Post

The following are the duties of this position at the full working level.

  • Analyzes unusually difficult and complex actuarial problems and issues involved in tax law, rulings, and court case decision in determinations of tax liability under the Internal Revenue Code in a number of areas of taxation, including valuation of complex life and property and casualty insurance reserves, considering the tax implications in acquisitions, reorganizations, and liquidations.
  • Represents the Service in conferences with taxpayers, their legal representatives, representatives of the insurance industry and actuarial consultants on proposed tax issues and procedures and problems of common interest, and proposes solutions to highly technical problems that arose in connection with issues that are not adequately covered by the laws, regulations and revenue rulings.
  • Travels to various sites throughout a specified geographical area, and, as a member of the examination team, conducts specific and in-depth audit work in areas commensurate to his/her expertise, serves as a consultant to examiners concerning audit approaches, studies, and research techniques relating to actuarial methods used by the taxpayer, and provides service as an expert witness in tax litigation cases involving insurance issues.
  • Develops text material for training manuals, position papers on complex actuarial policy issues, technical portions of regulations, and rebuttals to taxpayers' position issues that are unresolved.
  • Possess expert professional knowledge of actuarial science, especially with respect to the analysis of issues and matters relating to life or property/casualty insurance company operations and the calculations/valuation of reserves; extensive knowledge of actuarial laws and regulations, procedures, accounting, and governing state regulations to develop new approaches in solving complex actuarial policy and tax related issues; a thorough knowledge of the Internal Revenue Code, tax laws, regulations, procedures, and operations relating to insurance companies; expert knowledge and understanding of the practices of actuarial consultants and insurance companies in the private sector; knowledge of effective communication methods and techniques to communicate effectively both orally and in writing; knowledge of pertinent laws, regulations, the Actuarial Standards of Practice promulgated by the Actuarial Standard Board, and the Code of Professional Conduct of the American Academy of Actuaries (AAA) and the Society of Actuaries (SOA); expert knowledge of Insurance and Insurance financing - life or property/casualty to analyze complex actuarial problems and issues; and extensive knowledge of personal computers and spreadsheet analysis to document cases and prepare training materials.
  • Acts as a loss reserve specialist in the examination of life or property/casualty insurance companies.

Requirements

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Conditions of employment

  • 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/enforce the COVID-19 vaccination requirement pursuant to Executive Order 14043 on Requiring Coronavirus Disease 2019 Vaccination for Federal Employees. 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.
  • If you are in a telework eligible position, you may be directed to temporarily telework on a full-time basis due to COVID 19. Employees must be within a 200-mile radius of their official assigned post-of-duty (POD) while in a telework status. Once normal operations resume, employees may be directed back to the office to perform the duties of their position. Telework eligibility does not guarantee telework; employees must meet and sustain IRS telework eligibility requirements and supervisor's approval to participate in the IRS Telework Program. As a reminder - If you are selected for a position, you are responsible for reporting to your designated POD (location) on the negotiated start date or as directed by management.
  • Must be a U.S. Citizen or National and provide proof of U.S. Citizenship. (Birth certificate showing birth in the U.S; Unexpired U.S. Passport; Certificate of Citizenship or Naturalization; or Report of Birth Abroad of a U.S. Citizen (Form FS-240))
  • Undergo a review of prior performance/conduct and an income tax verification. Refer to "Get Your Tax Record" at http://www.irs.gov/(https://www.irs.gov/individuals/get-transcript) to check the status of your account, balance owed, payment history, make a payment, or review answers to tax questions. If you are not in compliance, you will be determined unsuitable for employment with IRS.
  • Must successfully complete a background investigation, including a FBI criminal history record check (fingerprint check).
  • Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.

Qualifications

You must meet the following requirements by the closing date of this announcement OR time of referral:

BASIC REQUIREMENT :

To be basically qualified for an Actuary position, you must meet the basic requirement (positive education requirement) below.

You must have 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

A combination of education and experience that includes BOTH of the following requirements: (1) Technical work experience in actuarial support work or in mathematics, AND (2) 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.


In addition to meeting the basic requirement above, to qualify for this position you must also meet the qualification requirements listed below:


SPECIALIZED EXPERIENCE GS-1510-15:
In addition to meeting the basic requirements, you must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-14 grade level in the Federal service. Specialized experience for this position includes: A wide range of experience with actuarial & accounting requirements, processes and techniques pertinent to the statutory and tax valuation of life insurance and annuities and reserves and the Federal income tax examinations of life insurance companies; experience working in a life insurance company, an accounting firm, or an actuarial consulting firm, or in the public sector, where you were involved in the preparation and/or audit of the 1120L tax return, and in particular, life insurance, annuity or other reserves; experience preparing written and/or oral presentations for clients, taxpayers, other actuaries, auditors, professional consultants, counsel and management that demonstrate expertise relating to state and tax laws, regulations, and rulings, and actuarial and accounting principles applicable to life insurance companies.


For more information on qualifications please refer to OPM's Qualifications Standards.

Federal experience is not required. The experience may have been gained in the public sector, private sector or Volunteer Service. One year of experience refers to full-time work; part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month/year, and indicate number of hours worked per week, on your resume.

Education

For positions with an education requirement, or if you are qualifying for this position by substituting education or training for experience, submit a copy of your transcripts or equivalent. An official transcript will be required if you are selected.

  • Note: If substituting Superior Academic Achievement (SAA) for experience at the GS-7 level, please note that grade-point averages are rounded to one decimal place. For example, 2.95 will round to 3.0 and 2.94 will round to 2.9. The Qualifications requirements above will reflect if SAA is accepted for this position and the online questionnaire will offer the option to select SAA as a qualifying response.

A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.S. Department of Education. For a list of schools which meet these criteria, please refer to Department of Education Accreditation page.

FOREIGN EDUCATION: Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.S. education program. It is your responsibility to provide such evidence when applying. Click here for Foreign Education Credentialing instructions.

Additional information

  • A 1-year probationary period is required.
  • Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
  • If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
  • We may select from this announcement or any other source to fill one or more vacancies. Additional jobs may be filled.
  • The salary range indicated in this announcement reflects the minimum locality pay up to maximum locality pay for all duty locations listed. The range will be adjusted for selected duty location. General Schedule locality pay tables may be found under Salaries & Wages.
  • This is a non-bargaining unit position.
  • Tour of Duty: Day Shift, Start and Stop Times between 6:00am and 6:00pm
  • Alternative work schedule, staggered work hours or telework may be available
  • Relocation expenses - No
  • File a Confidential Financial Disclosure Report within 30 days of appointment and annually from then on.
  • Obtain and use a Government-issued charge card for business-related travel.
  • Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S. These documents must be unexpired original or certified copies.
Though many locations may be listed, you will be limited to a maximum of 3 location choices. Please consider each location carefully when applying. If you are selected for a position at one of your location selections, that location will become your official post of duty.

This is an open continuous announcement which allows applicants to apply up to the closing date of the announcement, 06/08/2023. The announcement will be used to fill an anticipated 1 (one) vacancies. Selections may be made from certificates issued up to 12 months after the 1st cut-off date listed below. Contingent upon funding and space requirements, one or more vacancies may be filled at the locations listed in this announcement as they become available. Applicants need to apply and/or update their applications by 11:59 pm ET at the close of each of the following cutoff dates to be considered 07/08/22, 08/12/22, 09/09/22, 10/14/22, 11/11/22, 12/16/22. This announcement may be amended to include additional cut-off dates within the 12-month period if needed, not later than 5 days prior to the additional cut-off date or the final selection date.

How you will be evaluated

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

This position will be filled through the Direct Hire Authority. Under this authority, competitive rating, ranking, and veterans' preference procedures do not apply. Your application will be considered based on education, training, and quality of your experience. For more information on Direct-Hire Authority visit: OPM Direct Hire Fact Sheet.

Your application must include your resume, responses to the online questions, and required supporting documents. Please be sure that your resume includes detailed information to support your qualifications for this position; failure to provide sufficient evidence in your resume may result in a "not qualified" determination.

Referral: Applicants who meet the basic qualification requirements may be referred to a selecting official for consideration. Candidates may be required to participate in a selection interview (telephonic and/or in person at the discretion of the Selecting Official in accordance with hiring practices). We will not reimburse costs related to the interview such as travel to and from the interview site.

If you are a displaced Federal employee (eligible for the Interagency Career Transition Assistance Plan (ICTAP), you must be found "well qualified" for the position. Well qualified is defined as: experience that exceeds the minimum qualifications of the position, demonstrated by meeting all the competencies for this position.

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