Actuary

Full Job Description

EBSA plays a vital role in protecting the retirement, health, and other job-based benefits of America's workers, retirees, and their families.

We issue effective regulations, offer comprehensive education and assistance to workers, plan sponsors, fiduciaries, and service providers, and rigorously enforce the law.

We serve workers, families, and the broader employee benefits community by protecting the security and integrity of the nation's benefit systems. To learn more about EBSA, click here.

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

You must meet both the Basic Requirements and the Specialized Experience to qualify for the Actuary, GS-1510-15. 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 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.

Specialized Experience is the experience that equipped the applicant with the particular knowledge, skills, and abilities (KSA's) to perform the duties of the position successfully, and that is typically in or related to the position to be filled.

To be creditable, specialized experience must have been equivalent to at least the next lower grade level.

Qualifying specialized experience for GS-15 is defined as: -Providing or overseeing actuarial services and examining actuarial determinations for group health and retirement benefit plans under the Employee Retirement Income Security Act (ERISA) or for health insurance issuers licensed by states; and -Developing actuarial studies and models of cost estimates and trends for health care programs, retirement plans and issues; and -Evaluating the actuarial projections and risk management of health insurance or retirement programs for financial soundness of pricing and reserves.

Major Duties:

The position may be located in any of the following cities: Washington DC; Atlanta, GA; Boston, MA; New York City, NY; Chicago, IL; Dallas, TX; Philadelphia, PA; Silver Spring, MD; Plantation, FL; Ft Wright, KY; Kansas City, MO; Seattle, WA; Pasadena, CA; and San Francisco, CA.

For detailed office locations, please refer to the DOL offices. The salary range shown reflects the pay scale for all listed locations.

If selected, your salary will be set based on the duty location assigned.

Duties for this position include but are not limited to: Plan, develop, and coordinate intra/interagency and Government-industry actuarial research projects and provide actuarial support to Agency, Department, and Federal decision-makers.

Provide expert technical guidance and consultative services to EBSA senior and executive staff on public policy, legislative, employee pension and benefit related and actuarial conduct issues.

Provide oral and written actuarial analysis to other EBSA personnel and others regarding legislative, regulatory, and administrative proposals, public policy, and enforcement issues pertaining to and/or affecting Title II of ERISA and related legislation.

Develop close and cooperative working relationships with other EBSA components, other DOL and Federal agencies, and employee benefit plan groups.

Serve as EBSA's representative to or participates in professional actuarial organizations and other relevant private sector research groups.

Perform economically and politically sensitive analytical work which often sets precedent, policy, and industry guidelines. Performs other duties as assigned.