[Hiring] Actuary @FINANCIAL STATEMENT AND PROPERTY ANALYSIS BRANCH -CG-8422

Role Description

This vacancy is for a GS-1510-14, Chief Actuary, located in the Assistant Commandant for Resources & CFO, Director of Financial Operations / Comptroller, Office of Financial Policy & Property, Financial Reporting & Analysis Division, Financial Statements & Property Analysis Branch, Washington, DC.

You will serve as a Chief Actuary and be responsible for the accomplishment of professional actuarial mathematical, statistical, and financial risk analysis, projections, justifications and oversight of the $2 billion in appropriations covering pensions, benefits, life and health insurance for retired military. Typical work assignments include:

• Serves as Chief Actuary for the USCG providing mathematical and statistical forecasts, facts and projections to be used for management decisions regarding the administration of military health benefit costs.
• Verify the accuracy of the actuarial liability for the Military Health System which involves working closely with the contract actuary to ensure the data, actuarial assumptions and benefit calculations are correct.
• Prepares or reviews mathematical projection models estimating future expenditure levels for benefits administration including estimating future program revenues.
• Analyzes the appropriateness of mortality improvement studies, actuarial data for retiree health care to assure validity, accuracy, and correctness.
• Serves as consultant to other actuaries and non-actuaries concerning the mathematical and statistical validity of actuarial studies and financial reports provided by the contractor.
• Serves as a technical authority and consultant to the Assistant Commandant of Resources and Chief Financial Officer in resolving problems in the complex field of military health benefits.
• Must obtain and maintain Contractor Officer Representative (COR) training and certification to manage the Actuarial Consulting Services Contract.

Qualifications

• Basic Requirements: This position has a positive Education Requirement in addition to at least one year of Specialized Experience or substitution of education for experience or combination (if applicable) in order to be found minimally qualified.
• EDUCATION: You must have 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 a 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.
• To qualify at the GS-14 grade level, your resume must demonstrate at least one (1) full year of specialized experience equivalent to at least the GS-13 grade level in the federal or private sector.

Requirements

• Analyzing and applying relevant laws, regulations, published rulings, and other precedents to novel situations to arrive at sound, well-reasoned decisions.
• Performing accounting or actuarial consulting work where you analyzed employee plans and completed valuations to advise clients on the required funding contribution and deductible limits regarding employee health care plans.
• Developing, monitoring, and updating actuarial models to support transparency and accountability with respect to benefit liabilities.

Benefits

• Reasonable Accommodation (RA) Requests: If you believe you have a disability (i.e., physical or mental), covered by the Rehabilitation Act of 1973 as amended that would interfere with completing the USA Hire Competency Based Assessments, you will be granted the opportunity to request a RA in your online application.
• Requests for RA for the USA Hire Competency Based Assessments and appropriate supporting documentation for RA must be received prior to starting the USA Hire Competency Based Assessments.
• Decisions on requests for RA are made on a case-by-case basis.
• You must complete all assessments within 48 hours of receiving the URL to access the USA Hire Competency Based Assessments if you received the link after the close of the announcement.