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Actuary

Department of Labor
Employee Benefits Security Administration
This job announcement has closed

Summary

This position serves as a focal point within the Agency for the actuarial analysis conducted per Title II of the Employee Retirement Income Security Act of 1974 (ERISA), national expert advisor to EBSA's Chief Actuary, the Deputy Assistant Secretary for Policy and Assistant Secretary, EBSA, EBSA's representative to other Federal agencies and private industry, and nationally recognized consultant to the actuarial community.

*Recruitment Incentives/PCS may be offered for this position.

Overview

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Job canceled
Open & closing dates
12/04/2024 to 12/17/2024
Salary
$145,988 to - $191,900 per year
Pay scale & grade
GS 15
Location
Few vacancies in the following location:
Location Negotiable After Selection
Remote job
No
Telework eligible
Yes—This is not a remote work position. The selectee will report to an assigned DOL office location on a regular basis. Current DOL policy requires on-site work at least 5 days per pay period.
Travel Required
Occasional travel - You may be expected to travel for this position.
Relocation expenses reimbursed
Yes—You may qualify for reimbursement of relocation expenses in accordance with agency policy.
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
Non-sensitive (NS)/Low Risk
Trust determination process
Financial disclosure
Yes
Bargaining unit status
Yes
Announcement number
DH-25-CHI-EBSA-12628487-LAC
Control number
821921200

This job is open to

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Clarification from the agency

This position is being filled through Direct Hire Authority and is open to all U.S. Citizens and ICTAP/CTAP eligibles. All applicants who meet the basic qualifications will be forwarded to the Selecting Official for consideration. Traditional rating and ranking of applications does NOT apply. Veteran's preference does not apply. However, we encourage veterans to apply for this position.

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Duties

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Selectee(s) will report to an assigned DOL office location on a regular basis and be eligible for telework as determined by agency policy. This is not a remote position. Offices are located in Washington DC; Atlanta, GA; Boston, MA; New York City, NY; Chicago, IL; Dallas, TX; Philadelphia, PA; Silver Spring, MD; Plantation, FL; Cincinnati, OH; Kansas City, MO; Seattle, WA; Los Angeles, CA; and San Francisco, CA. For specific locations, see: DOL offices. Advertised salary reflects the pay range for the above locations. Upon selection, salary will be set in accordance with the selectee's assigned duty location.

Duties for this position include but are not limited to:

  • Plan, develop, and coordinate intra/interagency and Government-industry actuarial research projects and provide actuarial support to Agency, Department, and Federal decision-makers.
  • Provide expert technical guidance and consultative services to EBSA senior and executive staff on public policy, legislative, employee pension and benefit related and actuarial conduct issues.
  • Provide oral and written actuarial analysis to other EBSA personnel and others regarding legislative, regulatory, and administrative proposals, public policy, and enforcement issues pertaining to and/or affecting Title II of ERISA and related legislation.
  • Develop close and cooperative working relationships with other EBSA components, other DOL and Federal agencies, and employee benefit plan groups. Serve as EBSA's representative to or participates in professional actuarial organizations and other relevant private sector research groups.
  • Perform economically and politically sensitive analytical work which often sets precedent, policy, and industry guidelines.
Performs other duties as assigned.

Requirements

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Conditions of employment

  • Must be at least 16 years old.
  • Must be a U.S. Citizen.
  • Candidate required to obtain the necessary security/investigation level.
  • Requires a probationary period if the requirement has not been met.
  • Subject to financial disclosure requirements.

Qualifications

For GS-15: Applicants must have 52 weeks of specialized experience equivalent to at least the next lower grade level, GS-14 in the Federal Service.

You must meet the Basic Requirements and the Specialized Experience to qualify for the Actuary, GS-1510-15.

Basic Requirements:
a. 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 mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites.
OR
b. Combination of education and experience that includes both of the following requirements:

  • Technical work experience in actuarial support work or in mathematics;
  • 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. 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.

Specialized Experience is the experience that equipped the applicant with the particular knowledge, skills, and abilities (KSA's) to perform the duties of the position successfully, and that is typically in or related to the position to be filled. To be creditable, specialized experience must have been equivalent to at least the next lower grade level.

Qualifying specialized experience for GS-15 includes: experience providing or overseeing actuarial services and examining actuarial determinations for group health and retirement benefit plans under the Employee Retirement Income Security Act (ERISA) or for health insurance issuers licensed by states; developing actuarial studies and models of cost estimates and trends for health care programs, retirement plans and issues; and evaluating the actuarial projections and risk management of health insurance and retirement programs for financial soundness of pricing and reserves.

Education

Any applicant falsely claiming an academic degree from an accredited school will be subject to actions ranging from disqualification from federal employment to removal from federal service.

If your education was completed at a foreign college or university, you must show comparability to education received in accredited educational institutions in the United States and comparability to applicable minimum course work requirements for this position.

Click Evaluation of Foreign Education for more information.

Additional information

This position is inside the bargaining unit. If the duty location is within the Washington, D.C. metropolitan area, the position will be included in the Local 12, AFGE bargaining unit. If the duty location is outside the Washington, D.C. metropolitan area, the position will be included in the NCFLL bargaining unit.

This position is being filled through the Direct Hire Authority. Traditional rating and ranking of applications do NOT apply. The Veteran's preference does not apply.

Non-Supervisory Financial Disclosure: This position is subject to the confidential financial disclosure requirements of the Ethics in Government Act of 1978 (P.L. 95-521). Therefore, if selected, you will be required to complete a Confidential Financial Disclosure Report (OGE Form 450) to determine if a conflict or an appearance of a conflict exists between your financial interest(s) and your prospective position with DOL. This information will be required annually.

DOL seeks to attract and retain a high-performing and diverse workforce in which employee differences are respected and valued to better meet the varying needs of the diverse customers we serve. DOL fosters a diverse and inclusive work environment that promotes collaboration, flexibility, and fairness so that all individuals can participate and contribute to their full potential.

Refer to these links for more information: GENERAL INFORMATION, REASONABLE ACCOMMODATION, ADDITIONAL DOCUMENTATION, FORMER FEDERAL EMPLOYEES

As a condition of employment, all personnel must undergo a background investigation for access to DOL facilities, systems, information and/or classified materials before they can enter on duty: BACKGROUND INVESTIGATION

Click here for Telework Position Information This is not a remote work position. The selectee will report to an assigned DOL office location on a regular basis and is eligible for participation in telework as determined by management in accordance with DOL policy.

Based on agency needs, additional positions may be filled using this vacancy.

This job is not 100% telework; it is subject to a 5-day minimum on-site work requirement per pay period.

The Department of Labor may use certain incentives and hiring flexibilities, currently offered by the Federal government to attract highly qualified candidates. Click here for Additional Information.

The Fair Chance Act (FCA) prohibits Federal agencies from requesting an applicant's criminal history information before the agency makes a conditional offer of employment. If you believe a DOL employee has violated your rights under the FCA, you may file a complaint of the alleged violation following our agency's complaint process Guidelines for Reporting Violations of the Fair Chance Act.

Note: The FCA does not apply to some positions specified under the Act, such as law enforcement or national security positions.

All Department of Labor employees are subject to the provisions of the Drug-Free Workplace Program under Executive Order 12564 and Public Law 100-71.

How you will be evaluated

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

Under the authority of direct hire recruitment, evaluation factors are a tool to gauge one's proficiency in relevant competencies, but will not be used to determine who will be referred to the hiring manager for consideration. All candidates who have provided a complete application, and meet the minimum qualification requirements will be referred for consideration. Please review evaluations details here.

Click here for Evaluation details.

You may preview questions for this vacancy here: https://apply.usastaffing.gov/ViewQuestionnaire/12628487

The information you provide may be verified by a review of your paid, unpaid, volunteer, and other lived experience, as it demonstrates the competencies or skills required for the position to be filled. Your evaluation may include an interview, reference checks, or other assessment conducted by HR specialists, subject matter experts, or panel members and may include other assessment tools (ex. interview, structured interview, written test, work sample, etc.). The examining Office of Human Resources (OHR) makes the final determination concerning applicant ratings.

INFORMATION FOR ICTAP/CTAP ELIGIBLE(S) ONLY: If you are eligible for special priority selection under ICTAP/CTAP, you must meet the basic and minimum qualification requirements for this position to receive consideration. Be sure to review the eligibility questions to reflect that you are applying as an ICTAP or CTAP eligible and submit supporting documentation.

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