Senior Actuary – Federal government of the United States

Title of the Job: Senior Actuary

Location: USA

Job Description: SummaryThis position is located in the Office of the Chief Financial Officer (CFO), Office of Budget, Office of Strategic Resources. The Office of Strategic Resources, provides long-term financial analysis and solutions to promote informed and transparent decision making. The position serves as a subject matter expert to senior Program Office and leadership on matters related to policy development, design, financing, and administration of billions of dollars in retirement and other benefit plans.Overview

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Open & closing dates11/15/2024 to 11/29/2024Salary$139,395 – $197,657 per yearPay scale & gradeEJ 4Location1 vacancy in the following location:Anywhere in the U.S. (remote job)Remote jobYesTelework eligibleNot applicable, this is a remote position.Travel RequiredOccasional travel – You may be expected to travel for this position.Relocation expenses reimbursedNoAppointment typePermanentWork scheduleFull-timeServiceExceptedPromotion potential00Job family (Series)Supervisory statusNoSecurity clearanceDrug testNoPosition sensitivity and riskTrust determination processFinancial disclosureYesBargaining unit statusAnnouncement number24-CF-EJ-80081Control number819390500This job is open toClarification from the agencyAll U.S. citizensDutiesThe Department of Energy, Chief Financial Officer is looking for a Senior Actuary to serve as subject matter expertise for the management and governance of over pension plans administered by various sites and contractors, including oversight of contractor pension actuarial valuations to ensure consistency in pension plan management across all the sites, and a stable and predictable budget for pension funding.As the Senior Actuary you will:

• Serve as a subject matter expert and the principal advisor to senior Program Office and Department of Energy’s (DOE) leadership on matters related to policy development, design, financing, and administration of billions of dollars in retirement and other benefit plans. The incumbent serves as the senior liaison with key stakeholders, including the Office of Management and Budget (OMB), Congressional committees, DOE Field Offices and site Management and Operations (M&O) contractors.
• Provide policy guidance and complex analytical support to a multitude of Department of Energy leaders on sensitive pension and other benefit issues, including matters that involve collective bargaining agreements and related negotiation of benefits.
• Develop policies and procedures and evaluate adequacy of DOE’s pension and benefit policies and procedures, and recommend revisions as needed to meet DOE requirements.
• Research, determine, and document economic and actuarial assumptions and applies mathematical, statistical, financial, and business techniques to estimate likely future health and welfare and pension liabilities.
• Analyze contractor economic and actuarial assumptions and analyses impact of various alternatives resulting from changes in study assumptions to ensure consistency in actuarial valuation assumptions and managing projected budgets.
• Participate in the development and revision of benefits policies and advises senior Program Offices and DOE leadership on the costs resulting from policy and benefits changes.
• Perform evaluative analytical analysis of liabilities related to the areas of pension benefits, postretirement life and health insurance risks, and contingencies. Apply specialized experience in mathematics, statistical, financial, actuarial science, and business techniques to insure validity and reasonableness of contractor estimates

RequirementsConditions of EmploymentTRIAL PERIOD: New appointees must successfully complete a 2 year trial period.SELECTIVE SERVICE: All males born after December 31, 1959 must abide by laws regarding Selective Service registration. To learn more about this law, visit the Selective Service web page, . If you are not registered and don’t have an approved exemption, you will not be eligible for employment with the Federal government.eVERIFY: New employees to the Department of Energy will be required to successfully pass the E-Verify employment verification check. To learn more about E-Verify, including your rights and responsibilities, visit .”This is an Excepted Service position. This appointment will not confer Competitive Service career-conditional or career tenure status. This means that if you are selected, you would have to compete with other applicants in open competition to meet requirements for another Federal position, unless you meet the requirements for reinstatement. Applicants who voluntarily convert from the competitive service, Senior Executive Service, or other pay systems to a non-time limited appointment under this excepted service authority are not afforded “fallback rights” to the pay system assigned prior to conversion.QualificationsSPECIALIZED EXPERIENCE REQUIREMENTS: A qualified candidate’s online application and resume must demonstrate at least one year of specialized experience equivalent to the next lower grade/pay band in the Federal service. For this position, experience must be at least equivalent to the EJ/EK-III or GS-12/13 level. Specialized experience for this position is defined as: Mastery of knowledge and skill in applying insurance/pension and actuarial techniques and related disciplines and functions such as accounting/auditing, financial analysis, contract pricing, and personnel management to determine roles in assisting field personnel to facilitate completion of mission responsibility.“Experience” refers to paid and unpaid experience. Examples of qualifying unpaid experience may include: volunteer work done through National Service Programs (such as Peace Corps and AmeriCorps); as well as work for other community-based philanthropic and social organizations. 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.You must meet all qualification and eligibility requirements by the closing date of this announcement.
The Department of Energy uses an application tracking system to evaluate the responses you provide in the applicant assessment questionnaire to determine if you meet the eligibility requirements and minimum qualifications necessary for this position. Then the HR Office and/or Subject Matter Expert (SME) will conduct a quality review of your application and supporting documentation to determine if your qualifications meet the criteria for referral to the selecting official.A Fellow of Society of Actuaries or Associate of Society of Actuaries certification is required.You must be enrolled as a Senior Actuary.Your application and resume should demonstrate that you possess the following competencies or knowledge, skills and abilities (KSAs). You are NOT required to provide a separate narrative written response. Rather, you must describe in your resume how your past work experience demonstrates that you possess the Competencies/KSAs identified below:Financial Management
Resilience
Technical CredibilityCareer Transition Assistance Programs: To receive selection priority for this position, you must: 1) meet the eligibility criteria; and 2) be rated “well-qualified”, which is defined as having a score of 85 or better.You must meet all qualification and eligibility requirements by the closing date of this announcement.EducationEducation is required: You must provide a copy of your transcripts from an accredited institution. Be sure to include those transcripts directly applicable to determining your meeting the education requirements. Failure to provide proof of education will result in non-consideration for this position. OFFICIAL ORIGINAL TRANSCRIPTS will be required to be provided prior to entrance-on-duty for individuals selected.Must depict 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.Education must be obtained from an accredited institution recognized by the U.S. Department of Education. For special instructions pertaining to foreign education and a list of organizations that can evaluate foreign education, seeAdditional informationThe Department of Energy fosters a diverse and inclusive workplace and is an Equal Opportunity Employer.If selected, you will be required to complete an OF-306, “Declaration for Federal Employment” form used to (a) determine your suitability for Federal Employment and/or (b) in conducting an investigation to determine your suitability or ability to hold a security clearance.Applications contain information subject to the Privacy Act (PL 93 579, 5 USC 552a). The information is used to determine qualifications for employment and is authorized under Title 5, USC, Section 3302 and 3361.The Fair Chance Act prohibits specific inquiries concerning an applicant’s criminal or credit background unless the hiring agency has made a conditional offer of employment to the applicant. An applicant may submit a complaint to the agency within 30 calendar days of the date of alleged non-compliance by completing the Fair Chance Act Intake Form and submitting it to the Administrative Investigations Program at .Veterans and persons with disabilities are encouraged to apply. For more information, please visit the links at the bottom of the page or visit the website. For information regarding veteran’s eligibility to apply:Your position may be eligible for workplace flexibilities which may include remote work or telework options, and/or flexible work scheduling. These flexibilities may be requested in accordance with the DOE Workplace Flexibilities policy. For general information on government-wide Telework polices visit:The selecting official may need to consult Departmental ethics counsel to determine whether any of your former or current employers, affiliations, or financial holdings conflict with your ability to perform the duties of this position. If necessary, ethics counsel will work with you and the hiring office regarding potential mitigation strategies, if available.Hiring incentives may be authorized in accordance with agency policy and if funding is available.This is a non-bargaining unit position.

• Benefits

A career with the U.S. government provides employees with a comprehensive benefits package. As a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewarding. .

Company Name: Federal government of the United States

Salary: $139395 – 197657 per year

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