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Actuary

Employee Benefits Security Administration, U.S. Department of Labor

in Washington DC / Telecommute

Employee Benefits Security Administration, U.S. Department of Labor

Closing date: 06/04/2019

Pay scale & grade: GS 14 - 15

Salary: $117,191 to $166,500 per year

1 vacancy in the following location: District of Columbia

Telework eligible: Yes as determined by agency policy

Summary

This position is located in the Department of Labor, Employee Benefits Security Administration (EBSA) in Washington, DC. EBSA is committed to protecting retirement, health, and other employee benefits, thereby advancing the retirement security and health of our nation’s workers and retirees.

  • This position is outside the bargaining unit.
  • Permanent Change of Station (PCS) and Recruitment Incentives may be offered.

Responsibilities

EBSA, through its enforcement of Title I of the Employee Retirement Income Security Act of 1974 (ERISA) and other related health benefits laws, protects the security of retirement and health plan benefits and assets for all workers who have employer-sponsored plans.

Major duties for this position at the full performance level include but are not limited to, the following:

  • Plans, develops, and coordinates actuarial research projects regarding health and welfare plans.
  • Reviews and analyzes legislative, regulatory, and administrative proposals and public policy issues pertaining to health and welfare plans.
  • Provides expert technical (actuarial) guidance and consultative services to EBSA senior and executive staff regarding health and welfare benefit plans.
  • Provides consultative and technical (actuarial) support to EBSA’s supervision of group health plans.
  • Plans, develops, and coordinates significant actuarial work using multiple sources of data and variety of actuarial models and systems, consistent with the appropriate Actuarial Standards of Practice (ASOP).

Qualifications

Basic 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 of more courses in mathematics for which these calculus courses were prerequisites.

OR

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.

AND

One year of actuarial experience equivalent to the next lower grade level.

You must submit a copy of your transcript(s) to verify that the Basic Requirements listed above are met. Reference the "Required Document" Section.

In addition to the Basic Requirements listed above applicants must also meet the Specialized Experience requirements.

For the GS-14 Applicants must have 52 weeks of specialized experience equivalent to at least the next lower grade level the GS-13 level.

Specialized Experience is defined as providing actuarial services and/or examining actuarial determinations for group health 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 and issues; and evaluating the actuarial projections and risk management of health insurance programs for financial soundness of pricing and reserves.

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

Specialized Experience is defined as providing or overseeing actuarial services and examining actuarial determinations for group health 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 and issues; and evaluating the actuarial projections and risk management of health insurance 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.


How to Apply

This is only an excerpt of the official advertisement for this federal government position.

For the full text, including application instructions, see:

https://www.usajobs.gov/GetJob/ViewDetails/532861900


This ad has been viewed 715 times. It expires on 6/4/2019.

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