Actuary

Summary

At the full performance level, the incumbent will serve as an actuary in the Division of short-range Actuarial Estimates, planning and conducting comprehensive studies and projects applying the theories and practices of the actuarial science to the analysis, inter­pretation and presentation of data essential to SSA program planning, evaluation and general management.

Duties

Prepares responses to inquiries from members of Congress, other government agencies and members of the public.Prepares material for inclusion in the Annual Trustees Report to Congress.Prepares estimates of short range actuarial parameters relative to the OASDI insured and beneficiary population.Analyzes beneficiary and benefit data and prepares actuarial tables and reports for use in government publications.Gives advice upon request to HHS components, other government agencies, labor unions, research organizations, and members of Congress and their staffs, concerning the impact of proposed legislation.Provides input to senior actuaries in establishing deadlines and work schedules, and makes recommendations for new research projects.

Qualifications

Please provide ALL undergraduate and graduate transcripts. All applicants must meet the basic requirement and have 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 also 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. NOTE: Transcripts are required to substantiate education. In addition to the basic requirement above, to qualify at the GS-9 level, you must have one of the following: Combination of education and experience with at least 52 weeks of actuarial experience at the GS-7, or equivalent, which is in or related to the work of the position to be filled which has equipped me with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Such experience must include work that involves: using statistical or mathematical methods to assist with collecting and analyzing data for actuarial analysis.; OR A master's degree or equivalent graduate degree, or 2 years of progressively higher-level graduate education leading to a master's degree in actuarial science; mathematics, statistics, business, finance, economics, insurance, or computer science.; OR Successfully completed two of the SOA or CAS examinations or received credit for two of the JBEA examinations. NOTE: Documentation of successful completion as evidenced by an official SOA or CAS transcript is required at the time of application. In addition to the basic requirement above, to qualify at the GS-11 level, you must have one of the following: Combination of education and experience with at least 52 weeks of professional actuarial experience at the GS-9, or equivalent, which is in or related to the work of the position to be filled which has equipped me with the particular knowledge, skills, and abilities to successfully perform the duties of the position. Such experience must include work that involves: conducting actuarial studies or analysis using mathematical or statistical methods or theories to create projections or predictions.; OR Ph.D or equivalent doctoral degree or 3 years of progressively higher-level graduate education leading to a Ph.D degree in actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science; OR One year of professional actuarial experience equivalent to at least the GS-09 level and successfully completed three of the SOA or CAS examinations or received credit for three of the JBEA examinations. NOTE: Documentation of successful completion as evidenced by an official SOA or CAS transcript is required at the time of application. NOTE: Your resume and supporting documents must specifically address the evaluation criteria for the position. This information is instrumental in determining the highest quality candidates to be referred to the Selecting Official. If your application materials do not demonstrate the knowledge, skills, abilities, and experience needed for this position, your application will be ineligible for consideration. Qualification requirements must be met by the closing date of this announcement. Qualification standards can be found at the following link: Actuarial Science Series 1510 (opm.gov)

Education

Please provide ALL undergraduate and graduate transcripts. OFFICIAL, UNOFFICIAL, OR SCREENSHOTS OF TRANSCRIPTS ARE REQUIRED TO SUBSTANTIATE POSSESSION OF QUALIFYING EDUCATION, EVEN IF YOU CURRENTLY HOLD OR HAVE PREVIOUSLY HELD AN ACTUARY POSITION. All academic degrees and coursework must be from accredited or pre-accredited institutions. You must submit your transcripts according to the application submission details of this announcement. Documents will not be accepted via email. For GS-9: Master's degree or equivalent degree, or two full years of progressively higher-level graduate education leading to a master's degree in actuarial science; mathematics, statistics, business, finance, economics, insurance, or computer science. For GS-11: Ph.D. or equivalent doctoral degree, or three full years of progressively higher-level graduate education leading to a Ph.D. or equivalent degree, in actuarial science; mathematics, statistics, business, finance, economics, insurance, or computer science. Providing Proof of Education or Substituting Education For information on providing proof of education or substituting education for experience, visit: https://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/1500/actuarial-science-series-1510/. If you are qualifying on the basis of education or satisfying an educational requirement, submit a copy of your transcripts that includes your name, the name of the educational institution, course title(s), number of credits, grade, and date of completion. Unofficial transcripts or screenshots of electronic/web transcripts with the required information will be accepted at the time of application. You must submit your transcripts according to the application submission details of this announcement. Documents will not be accepted via email or regular mail. If selected, you may be required to provide your official college transcripts prior to the effective date of the personnel action placing you into the new position. Foreign Education: If your transcripts show education completed in foreign colleges or universities, you must also provide documentation that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in a conventional/accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university.

Additional Information

Additional selections may be made for this vacancy six months from the closing date of this announcement. This is a bargaining unit position represented by AFGE. Selective Service: If you are a male applicant born after December 31, 1959, you must certify that you have registered with the Selective Service System, or are exempt from having to do so under the Selective Service Law. See www.sss.gov. You may attend the Social Security Administration's Open House via MS Teams on July 2, 2024 at 12:00PM CST/1:00PM EST until 1:00PM CST/2:00PM EST at the following link:https://msteams.link/DGOP MS Teams may be downloaded at: https://www.microsoft.com/en-us/microsoft-teams/download-app

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