Chief Negotiating Actuary - PBGC

Full Job Description

This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Negotiations and Restructuring (ONR), Negotiations and Restructuring Actuarial Department (NRAD).

All qualification requirements must be met within 30 days of the announcement closing date.

To meet the minimum qualifications for this position, you must meet the specialized experience qualifications and education for the grade at which you are requesting consideration.

Specialized Experience: Applicants must have at least one year of experience at the GS-15 grade level in the Federal service or equivalent to the GS-15 grade level in the private sector planning and overseeing actuarial work as it relates to the calculation of individual benefits, zone status certifications, unpaid minimum funding contributions, and plan termination liabilities.

Reviewing or preparing Special Financial Assistance applications from financially distressed pension plans.

Examples include: supervising actuaries who perform actuarial calculations for benefit plans, calculating unpaid employer contributions or solvency projections, calculating minimum funding requirements; and reviewing actuaries' calculations to determine their accuracy and resolve any related discrepancies.

Time-In-Grade Requirement: In order to be eligible for this position, all current Federal employees must provide proof of meeting the time-in grade requirement (i.e., at least 52 weeks of experience at the next lower grade level in the Federal service).

This information must be in both your resume and on an SF-50. Those who do not provide proof of having met the time-in-grade requirement will be deemed ineligible for this position.

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).

You will receive credit for all qualifying experience, including volunteer experience.

Your resume must clearly describe your relevant experience; if qualifying based on education, your transcripts will be required as part of your application. Major Duties:

The candidate selected for this position will: In accordance with departmental procedures, review and sign the actuarial report documenting Negotiations and Restructuring Actuarial Department (NRAD)'s review of Special Financial Assistance (SFA) applications for significant amounts of assistance and participates in the approval process for all SFA applications.

Work with the Corporate Finance and Restructuring Department (CFRD) and the Plan Compliance Department (PCD) Director to assess the impact of proposed changes in policies, procedures which affect the programs, and procedures which affect the Departments.

Provide actuarial analyses of proposed multiemployer plan mergers, spinoffs, and partitions, as well as proposed changes to withdrawal liability rules in order to maximize the support of contributing employers and affected labor unions for the multiemployer pension system and minimize the risk of plan insolvency.