Skip to main content
U.S. flag
Back to results

Actuary

Office of Personnel Management
Healthcare and Insurance
This job announcement has closed

Summary

As a Actuary at the GS-1510-12/13, you will be part of Healthcare and Insurance Actuaries, Office of Personnel Management. If selected, you will be responsible for providing advanced actuarial analysis and oversight of federal benefits programs. Assignments cover a wide variety of complicated actuarial problems, often involving new concepts in benefits design.

Overview

Help
Reviewing applications
Open & closing dates
12/13/2024 to 12/19/2024
This job will close when we have received 300 applications which may be sooner than the closing date. Learn more
Salary
$86,962 to - $167,336 per year

The salary range for this announcement reflects Rest of US GS-12/1 @ $86,962 to highest GS-13/10 San Jose-San Francisco-Oakland, CA @ $167,336.

Pay scale & grade
GS 12 - 13
Location
1 vacancy in the following location:
Anywhere in the U.S. (remote job)
Remote job
Yes
Telework eligible
Not applicable, this is a remote position.
Travel Required
Occasional travel - You may be expected to travel for this position.
Relocation expenses reimbursed
No
Appointment type
Permanent
Work schedule
Full-time
Service
Competitive
Promotion potential
14
Job family (Series)
Supervisory status
No
Security clearance
Not Required
Drug test
No
Position sensitivity and risk
High Risk (HR)
Trust determination process
Financial disclosure
No
Bargaining unit status
Yes
Announcement number
25-DMM-12637779-DH
Control number
823739100

Videos

Duties

Help
  • Develops inputs that assist in determinations of actuarial liabilities for CSRS, FERS, FEGLI, and FEHB (including PSHBP) for agency Financial Statements in line with appropriate actuarial and financial standards.
  • Analyzes the factors underlying a wide range of actuarial issues/problems, contributes to formulating innovative approaches, and devises new tools and methods as required.
  • Assists and reviews the work of junior staff.
  • Creates accurate and complete summary documentation of the processes and results of assignments.

Requirements

Help

Conditions of employment

  • Must be a U.S. Citizen or National
  • 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
  • This position is eligible for inclusion in the bargaining unit.
    • if the duty station is finalized in the Washington, DC metropolitan area, employees in this position will be represented by the American Federation of Government Employees (AFGE) Local 32.
    • if the duty station is finalized outside of the Washington, DC metropolitan area, this position will not be represented by a bargaining unit.

Qualifications

Education Requirement: In addition to meeting the qualification requirements, all candidates must have the following educational requirements:

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. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION).

OR

Applicants for all grade levels 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. (TRANSCRIPTS REQUIRED AT TIME OF APPLICATION).

TRANSCRIPTS are required to verify satisfactory completion of the educational requirement listed above. Please see "Required Documents" section below for what documentation is required at the time of application.

For the GS-12 Grade Level, you must meet the following: You must demonstrate in your resume at least one year (52 weeks) of qualifying specialized experience equivalent to the GS-11 grade level in the Federal government, obtained in either the private or public sector, to include ALL of the following:
1. Providing new concepts in benefits design;
2. Reviewing and developing premium rates; AND
3. Analyzing data and demographics, to compile large amounts of imperfect data.

For the GS-13 Grade Level, you must meet the following: You must demonstrate in your resume at least one year (52 weeks) of qualifying specialized experience equivalent to the GS-11 grade level in the Federal government, obtained in either the private or public sector, to include ALL of the following:
1. Analyze the factors for a wide range of actuarial issues/problems, contributes to formulating innovative approaches;
2. Determine cost and actuarial soundness of existing benefit programs;
3. Gather and analyze data and demographics, to compile large amounts of imperfect data; AND
4. Independently reviewing and developing premium rates.

You must meet all qualification and eligibility requirements by the closing date of this announcement.

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.

Education

This position has a basic education requirement listed under the Qualifications section of this announcement.

Additional information

This announcement will be used to fill vacancies through OPM-authorized Direct Hire Authority due to Critical Hiring Need/Severe Shortage of Candidates. Veteran preference and traditional rating/raking of applicants do not apply. For more information on OPM's authorization of Direct Hire Authority, please visit: https://www.opm.gov/policy-data-oversight/hiring-information/direct-hire-authority/

Relocation expenses will not be paid.

This job opportunity announcement may be used to fill additional similar vacancies across OPM.

If you are unable to apply online and would like to request information about the Alternate Application process, please use the contact information at the bottom of this announcement.

How you will be evaluated

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

Once the application process is complete, your resume and supporting documentation will be used to determine whether you meet the job qualifications listed on this announcement. Applicants who meet minimum qualification requirements will be certified for further consideration. If you rate yourself higher than is supported by your application materials, your responses may be adjusted and/or you may be excluded from consideration for this job. Your qualifications will be evaluated on the following competencies (knowledge, skills, abilities and other characteristics):


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; and 3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: http://www.opm.gov/rif/employee_guides/career_transition.asp.

Your session is about to expire!

Your USAJOBS session will expire due to inactivity in 8 minutes. Any unsaved data will be lost if you allow the session to expire. Click the button below to continue your session.