Actuary

Full Job Description

This position is part of the Defense Human Resources Activity.

The incumbent will be responsible for professional support to OACT personnel in support of the Under Secretary of Defense (Personnel and Readiness) on all actuarial matters bearing on the current, proposed, or alternative DoD military personnel benefit programs.

To qualify for an Actuary, your resume and supporting documentation must support A and B: A.

Specialized Experience: You may qualify at the GS-13, if you fulfill the following qualifications: One year of specialized experience equivalent to the12 grade level in the Federal service: Applying actuarial principles to assess the financial consequences of risk and uncertainty.

Performing pension valuation. Performing health and welfare valuation. B.

Basic Requirement: 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 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 Associateship in the Society of Actuaries or the Casualty Actuarial Society; AND Successfully completed the 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.

Or 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 Being an Enrolled Actuary; AND Successfully completed the 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.

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.

In addition to meeting qualifications, your application package must reflect the applicable experience to meet the Individual Occupational Requirements for the 1510 series.http://www.opm.gov/policy-data-oversight/classification-qualifications/general-schedule-qualification-standards/1500/actuarial-science-series-1510/ *NOTE: Failure to provide transcripts will result in you being rated ineligible for this position.

Major Duties:

As a Actuary at the GS-1510-13 some of your typical work assignments may include: Conducts actuarial valuation and analysis in a number of areas, including but not limited to, issues related to the cost of current or proposed military retirement benefit plan, health and educational programs.

Acts as the primary reviewer for statutorily required actuarial valuations of military benefit program trust funds in support of the DoD Boards of Actuaries and DoW's financial statements under the CFO Act.

Researches and addresses the effects of public and private health care and pension policy on military programs.

Provides technical assistance and advice on actuarial matters to others within the Office of the Actuary and other stakeholder.

Prepares valuation reports, briefings, and conference presentations to support the OACT mission.