Actuary

Basic Requirements: This position has a positive Education Requirement in addition to at least one year of Specialized Experience or substitution of education for experience or combination (if applicable) in order to be found minimally qualified. Transcripts must be submitted with your application package. You MUST meet the following requirements: EDUCATION: 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. To qualify at the GS-14 grade level, your resume must demonstrate at least one (1) full year of specialized experience equivalent to at least the GS-13 grade level in the federal or private sector. Specialized experience is experience that has equipped you with the ability, skill, and knowledge to successfully perform the duties of this position and is typically in or related to this line of work. Examples of specialized experience include performing the following types of tasks on a regular basis. NOTE: All experience statements (i.e., duties, specialized experience, or occupational assessment questionnaire) copied from this announcement and pasted into your resume will not be considered as a demonstration of your qualifications for this position. Specialized experience may include the following: Analyzing and applying relevant laws, regulations, published rulings, and other precedents to novel situations to arrive at sound, well-reasoned decisions. Performing accounting or actuarial consulting work where you analyzed employee plans and completed valuations to advise clients on the required funding contribution and deductible limits regarding employee health care plans. Developing, monitoring, and updating actuarial models to support transparency and accountability with respect to benefit liabilities NOTE: Education cannot be substituted for experience at this grade level. National Service Experience (i.e., volunteer experience): 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. This vacancy is for a GS-1510-14, Chief Actuary, located in the Assistant Commandant for Resources & CFO, Director of Financial Operations / Comptroller, Office of Financial Policy & Property, Financial Reporting & Analysis Division, Financial Statements & Property Analysis Branch, Washington, DC.

• You will serve as a Chief Actuary and be responsible for ?the accomplishment of professional actuarial mathematical, statistical, and financial risk analysis, projections, justifications and oversight of the $2 billion in appropriations covering pensions, benefits, life and health insurance for retired military.. Being a Coast Guard CG) civilian makes you a valuable member of the CG team. Typical work assignments include: Serves as Chief Actuary for the USCG providing mathematical and statistical forecasts, facts and projections to be used for management decisions regarding the administration of military health benefit costs.. Verify the accuracy of the actuarial liability for the Military Health System which involves working closely with the contract actuary to ensure the data, actuarial assumptions and benefit calculations are correct.. Prepares or reviews mathematical projection models estimating future expenditure levels for benefits administration including estimating future program revenues.. Analyzes the appropriateness of mortality improvement studies, actuarial data for retiree health care to assure validity, accuracy, and correctness. Serves as consultant to other actuaries and non-actuaries concerning the mathematical and statistical validity of actuarial studies and financial reports providing by the contractor. Serves as a technical authority and consultant to the Assistant Commandant of Resources and Chief Financial Officer in resolving problems in the complex field of military health benefits. Must obtain and maintain Contractor Officer Representative (COR) training and certification to manage the Actuarial Consulting Services Contract. Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a RA in your online application. Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire Competency Based Assessments. Decisions on requests for RA are made on a case-by-case basis. If you meet the minimum qualifications of the position, after notification of the adjudication of your request, you will receive an email invitation to complete the USA Hire Competency Based Assessments, based on your adjudication decision. You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement. To determine if you need a RA, please review the Procedures for Requesting a Reasonable Accommodation for Online Assessments. Reasonable Accommodation Information