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Actuary (Health)

Department of Veterans Affairs
Immediate Office of the Assistant Secretary for Management
Office of Actuarial Services (OAS)

Summary

This position is located in the Office of Management (OM), Office of Actuarial Services (OAS). Under the direction of the Executive Director of Actuarial Services (VA's Chief Actuary), OAS is responsible for developing, monitoring, and updating actuarial models to support the mission of ensuring maximum transparency and accountability with respect to actuarial benefit liabilities reported in VA's audited financial statements.

Overview

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Accepting applications
Location
2 vacancies in the following location:
Work site options
Telework eligible
Yes—as determined by the agency policy.
Remote job
No
Relocation expenses reimbursed
No
Salary
$121,785 - $187,093 per year
Pay scale & grade
GS 13 - 14
Promotion potential
14
Pay scale and grade determines the salary of the job.
Work schedule
Full-time
Travel Required
Occasional travel - Travel may be required up to 20% or less.
Appointment type
Permanent
Occupations and job series
Supervisory status
No
Federal service type
This job is in the Competitive Service
Represented by a union
No
Drug test
No
Security clearance
Other
Position sensitivity and risk
High Risk (HR)
Jobs require a background check and some require a security clearance. The type depends on the job.
Background check type
Financial disclosure required
No
Some jobs require financial disclosure to identify conflicts of interests.
Announcement number
CCLQ-13102243-27-AMC
Control number
890980000

This job is open to

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Clarification from the agency

ALL US CITIZENS DIRECT HIRE AUTHORITY: This position is being filled using Direct-Hire Authority (5 CFR 337.201) for this occupation.

Duties

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Major Duties:

  • Update monthly health claims data models for IBNR.
  • Update monthly incurred health claims forecast models.
  • Analysis of large amounts of health claims and referral data to identify trend drivers.
  • Provide technical review of other actuaries' work, which could include running an alternative model.
  • Prepare or update reports and other documents intended for management and auditors.

Work Schedule: Monday - Friday 8:00 am - 4:30 pm
Telework: Ad-hoc telework (situational telework) available as determined by the agency policy.
Virtual: This is not a virtual position.
Position Description Title/PD#: Actuary (Health)/PD00165A and PD20806A
Relocation/Recruitment Incentives: Authorized for highly qualified candidates
Financial Disclosure Report: Not required
Physical Requirements: The work is sedentary, some work may require periods of walking, standing, bending, or driving a motor vehicle. Employees frequently carry research records and other similar materials. The work does not require any special physical effort.
Promotion Potential: The selectee may be promoted to the full performance level without further competition when all regulatory, qualification, and performance requirements are met. Selection at a lower grade level does not guarantee promotion to the full performance level.

Requirements

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Conditions of employment

  • You must be a U.S. Citizen to apply for this job
  • To be considered for this position, you must complete all required steps in the process. In addition to the application and questionnaire, this position requires an online assessment. The online assessment measures critical general competencies required to perform the job.
  • Selective Service Registration is required for males born after 12/31/1959
  • You may be required to serve a probationary period
  • Subject to background/security investigation
  • Selected applicants will be required to complete an online onboarding process
  • Acceptable form(s) of identification will be required to complete pre-employment requirements (https://www.uscis.gov/i-9-central/form-i-9-acceptable-documents).
  • Effective May 7, 2025, driver's licenses or state-issued identification cards that are not REAL ID compliant cannot be utilized as an acceptable form of identification for employment.

As a condition of employment for accepting this position, you will be required to serve a 1-year probationary period (OR INSERT "2-year trial period") during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider:
  • your performance and conduct;
  • the needs and interests of the agency;
  • whether your continued employment would advance organizational goals of the agency or the Government; and
  • whether your continued employment would advance the efficiency of the Federal service.
Upon completion of your probationary period (OR INSERT "trial period"), your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.

Qualifications

To qualify for this position, applicants must meet all requirements by the closing date of this announcement.

Selective Placement Factor:
This position includes a skill, knowledge, ability or other worker characteristic basic to -and essential for- satisfactory performance of the job. Selective Placement Factors are a prerequisite to appointment and represent minimum requirements for a position. Applicants who do not meet it are ineligible for further consideration. Evidence of the Selective Placement Factor must be reflected in your resume.

The Selective Placement Factor for this position is:

  • Must have obtained one of the following actuarial credentials from the Society of Actuaries (SOA): Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA), as evidenced by an official transcript and certificate or by the applicant's presence in The Actuarial Directory. AND
  • Must have a minimum number of years of relevant health actuarial experience (five (5) years for GS-13; eight (8) years for GS-14).

Individual Occupational Requirements

GS-13 or Equivalent Grade Level:

Paragraph A.
One year of actuarial experience equivalent to the next lower grade level GS-12;

AND

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 of 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.

OR

Paragraph B.
Applicants may qualify for a position at grade levels GS-07 through GS-13 using the "Special Alternate Means" provisions described below. 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.

Successful completion of appropriate examinations offered by the Society of Actuaries(SOA), the Casualty Actuarial Society(CAS), or the Joint Board for the Enrollment of Actuaries(JBEA), as evidenced by an official SOA or CAS transcript, and specialized experience described below is fully qualifying at the grade levels shown below:

GS-13 or Equivalent Grade Level:

One year of professional actuarial experience equivalent to at least the GS-12 level

AND

Associateship in the Society of Actuaries or the Casualty Actuarial Society or being an Enrolled Actuary.

You must also qualify based on your experience as described below:

Specialized Experience:

GS-13 Grade Level: One year of specialized experience (equivalent to the GS-12 grade level in the federal service); experience that equipped the applicant with the particular knowledge, skills and abilities (KSA's) and other characteristics to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled, in the normal line of progression for the occupation in the organization. Specialized experience includes:
  • Experience assisting with the development, maintenance, and analysis of actuarial models used to estimate medical claims liabilities, including Incurred but Not Reported (IBNR) reserves, incurred claims forecasts, and other benefit liabilities
  • Experience assisting with the analysis of health care claims and enrollment data to determine components of trend.
  • Experience applying actuarial methods to perform valuations, assumption studies, actual-to-expected analyses, or liability calculations while collaborating with actuaries and other subject matter experts.
  • Experience using analytical software, such as Excel, SAS, R, SQL, or similar tools to extract, validate, and analyze data.
  • Experience updating or assisting in the preparation of actuarial reports, documentation, and presentations for management, auditors, or other stakeholders.
Individual Occupational Requirements

GS-14 or Equivalent Grade Level:


Paragraph A.
One year of actuarial experience equivalent to the next lower grade level GS-13;

AND

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 of 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.
You must also qualify based on your experience as described below:

Specialized Experience:

GS-14 Grade Level:
One year of specialized experience (equivalent to the GS-13 grade level in the federal service); experience that equipped the applicant with the particular knowledge, skills and abilities (KSA's) and other characteristics to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled, in the normal line of progression for the occupation in the organization. Specialized experience includes:
  • Extensive experience independently developing, maintaining, and enhancing actuarial models used to estimate medical claim liabilities, including Incurred but Not Reported (IBNR) reserves, incurred claims forecasts, and other benefit liabilities.
  • Extensive experience developing and performing an analysis of large health care program data to determine components of trend (e.g., utilization, fee increases, demographic changes, provider billing changes, new treatments, coverage changes, etc.)
  • Experience with health risk adjustment methodologies that incorporate age, sex, diagnoses, and other risk factors to estimate impacts on healthcare utilization and expected expenditures.
  • Experience providing technical review of actuarial models, analyses, and code, ensuring compliance with actuarial standards, federal financial requirements, and appropriate documentation controls.
  • Experience preparing complex actuarial analyses, and presenting financial impacts and recommendations to leadership, auditors, and other stakeholders.
Local Commuting Area by Location: The local commuting area for this position is defined as a radius of 50 miles from Washington, DC. This includes all locations that fall within a 50 mile driving distance from 810 Vermont Ave NW, Washington, DC 20420.

Education

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; religions; 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.

There is no educational substitute for the GS-13/14 level.

Note: Only education or degrees recognized by the U.S. Department of Education from accredited colleges, universities, schools, or institutions may be used to qualify for Federal employment. You can verify your education here: http://ope.ed.gov/accreditation/.

If you are using foreign education to meet qualification requirements, you must send a Certificate of Foreign Equivalency with your transcript in order to receive credit for that education.

Additional information

Under the Fair Chance to Compete Act, the Department of Veterans Affairs prohibits requesting an applicant's criminal history prior to accepting a tentative job offer. For more information about the Act and the complaint process, visit Human Resources and Administration/Operations, Security, and Preparedness (HRA/OSP) at The Fair Chance Act.

VA supports the use of telework as a way to help attract and retain talented individuals in public service, increase worker productivity, and better prepare the agency to operate during emergencies. This position may be authorized for telework. Telework eligibility will be discussed during the interview process.

The Interagency Career Transition Assistance Plan (ICTAP) and Career Transition Assistance Plan (CTAP) provide eligible displaced VA competitive service employees with selection priority over other candidates for competitive service vacancies. To be well-qualified, applicants must possess experience that exceeds the minimum qualifications of the position including all selective factors if applicable, and must be proficient in most of the requirements of the job. Information about ICTAP and CTAP eligibility is on OPM's Career Transition Resources website which can be found at https://www.opm.gov/.

Receiving Service Credit for Earning Annual (Vacation) Leave: Federal Employees earn annual leave at a rate (4, 6 or 8 hours per pay period) which is based on the number of years they have served as a Federal employee. VA may offer newly-appointed Federal employee's credit for their job-related non-federal experience or active duty uniformed military service. This credited service can be used in determining the rate at which they earn annual leave. Such credit must be requested and approved prior to the appointment date and is not guaranteed.

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

If you are unable to apply online and request information about the Alternate Application process, please contact the Agency Contact listed for this Job Opportunity Announcement (JOA).

Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.

How you will be evaluated

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

IN DESCRIBING YOUR EXPERIENCE, PLEASE BE CLEAR AND SPECIFIC. WE WILL NOT MAKE ASSUMPTIONS REGARDING YOUR EXPERIENCE. Applicants will be referred in the order in which they were received.

Immediate Office of the Assistant Secretary for Management

OUR MISSION: To fulfill President Lincoln's promise - "To care for those who have served in our nation's military and for their families, caregivers, and survivors. How would you like to become a part of a team providing compassionate care to Veterans?

The VA has adopted Core Values and Characteristics that apply universally across the Department. The five Core Values define "who we are," our culture, and how we care for Veterans, their families and other beneficiaries.
The Values are Integrity, Commitment, Advocacy, Respect and Excellence ("I CARE").
As a VA professional, your opportunities are endless. With many openings in the multiple functions of VA, you will have a wide range of opportunities and leadership positions at your fingertips.

DIRECT HIRE AUTHORITY: This position is being filled using Direct-Hire Authority (5 CFR 337.201) for this occupation.

Agency contact information

Olimpia Grant
Phone
317-935-8171
Email
olimpia.grant@va.gov
Address
Office of Asset Enterprise Management
810 Vermont Ave NW
Washington, DC 20240
US

Visit our careers page

Learn more about what it's like to work at Immediate Office of the Assistant Secretary for Management, what the agency does, and about the types of careers this agency offers.

http://www.vacareers.va.gov/.

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