Actuary (Programmer)

U.S. Federal Government - Chicago, IL (30+ days ago)4.3


Duties
Summary
This position is located in the Bureau of the Actuary and Research, Railroad Retirement Board. The incumbent will be responsible for planning and developing actuarial techniques and procedures used in the preparation of the agency's actuarial valuations and cost estimates for proposals to amend legislation as well as systems analysis and programming activities that support all phases of the actuarial program.

This job announcement may be used to fill one or more vacancies.

Responsibilities

As a Actuary (Programmer), you will:
Conduct complex studies and investigations for the determination of mortality, disability, withdrawal, and other rates; family composition factors; salary scales; and other actuarial data needed for calculations and cost estimates
Independently plans and develops complex actuarial applications using a personal computer
Keep abreast of trends in separation rates and other actuarial factors for railroad employees as well as for workers in other industries
Respond to inquiries and requests for cost estimates and actuarial projections from the Board Members and other agency officials, as well as outside agencies such as the Office of Management and Budget (OMB) and the Government Accountability Office (GAO)
Plan and develop specific steps needed to complete systems/program applications
Determine programming requirements
Develop unique logic routines to handle complex subject matter problems
Code, test, develop and document programs
Review applications developed with users to assure that operational requirements are achieved
Travel Required
Not required

Supervisory status
No

Promotion Potential
14

Job family (Series)
1510 Actuarial Science

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Requirements

Requirements
Conditions of Employment
Must be a U.S. Citizen
Males born after 12/31/59 must be registered for Selective Service
Suitable for Federal employment, determined by a background investigation
May be required to successfully complete a probationary period
Qualifications
Basic Qualifications: Applicants may qualify for actuary positions by meeting the requirements described in either paragraph A or paragraph B below.

Paragraph A

1. Applicants must meet one of the following requirements:
a. 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-
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.
Paragraph B: Special Alternate Means of Qualifying for Positions at GS-07 through GS-13 or Equivalent Grade Levels

Applicants may qualify for a position at grade levels GS-07 through GS-13 using the "Special Alternate Means" provisions described below. Applicants for all grade levels must complete 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.

Successful completion of 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, and specialized experience described below is fully qualifying at the grade levels shown below:

GS-11 LEVEL: Applicants may qualify for this grade level by meeting one of the following requirements:

a. Ph.D or equivalent doctoral degree or 3 years of progressively higher level graduate education leading to a Ph.D degree in actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science; and
A course of educational study as described in paragraph (A)(1)(a) above.
  • or-
b. A combination of education and experience that includes both of the following requirements:
One year of actuarial experience equivalent to the GS-09 grade level; and
A course of educational study as described in paragraph (A)(1) above.
  • or-
c. A combination of education and experience that includes all of the following requirements:
One year of professional actuarial experience equivalent to the GS-09 grade level; and
A course of educational study described in paragraph (B) above; and
Successful completion of three of the SOA or CAS examinations, or credit for three of the JBEA examinations.
Actuarial experience is defined as experience that demonstrates professional knowledge of and skill in applying a wide range of theories, principles, concepts, and methods of actuarial science used in retirement and pension plans or other similar employee benefit programs and knowledge of valuation techniques, legislation and regulation related to pension plans and/or social insurance programs and experience in planning and developing new and modified computer programs. Such work would typically involve the following:
Conducting a variety of conventional studies to support the work of senior actuarial staff and using SAS and/or R and SQL to analyze data;
Performing actuarial analysis of a wide variety of pension plan cost projections;
Developing actuarial assumptions with senior staff; and
Planning and conducting special recurring and nonrecurring studies of the mortality, retirement, and disability experience using Excel and Visual Basic.

GS-12 LEVEL: Applicants may qualify for this grade level by meeting one of the following requirements:

a. A combination of education and experience that includes both of the following requirements:
One year of actuarial experience equivalent to the GS-11 grade level; and
A course of educational study as described in paragraph (A)(1) above
or-

b. A combination of education and experience that includes all of the following requirements:
One year of professional actuarial experience equivalent to the GS-11 grade level; and
A course of educational study described in paragraph (B) above; and
Successful completion of four of the SOA or CAS examinations, or credit for three of the JBEA examinations.
Actuarial experience is defined as experience that demonstrates professional knowledge of and skill in applying a wide range of theories, principles, concepts, and methods of actuarial science used in retirement and pension plans or other similar employee benefit programs and knowledge of valuation techniques, legislation and regulation related to pension plans and/or social insurance programs and experience in planning and developing new and modified computer programs. Such work would typically involve the following:
Formulating procedures for use in computing actuarial values;
Analyzing data collected from a wide variety of sources using SAS and/or R and SQL to determine the nature and extent of the problem, interpret actuarial implications, and recommend options for resolution;
Planning, laying out, and performing studies that affect the valuation of the assets and liabilities of a pension/retirement/or similar employee benefit program, such as mortality, disability, withdrawal, retirement, and remarriage, using Excel and Visual Basic;
Advising senior agency staff on actuarial issues and answering questions; and
Modifying established actuarial methods.
This position has a selective placement factor that will be used to screen out ineligible candidates. The selective placement factor is: Experience developing computer programs to handle complex actuarial problems

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.

Only experience obtained by the closing date of this announcement will be considered.
Education
Please see basic requirements above for required education.
Additional information

INTERAGENCY CAREER TRANSITION ASSISTANCE PLAN (ICTAP):
ICTAP provides eligible displaced Federal competitive service employees with selection priority for competitive service vacancies. You must be determined to be well-qualified for the vacancy to be eligible for special selection priority. After submission of an acceptable application which meets ICTAP eligibility, you will be determined to be well-qualified for a vacancy if your rating places you in the best qualified category.
ICTAP eligibles must submit proof of eligibility for special selection priority, such as: a separation notice; an agency certification that you cannot be placed after injury compensation has been terminated; an OPM notification that your disability annuity has been terminated; or a Military Department or National Guard Bureau notification that you are retired under 5 U.S.C. 8337(h) or 8456. You must also submit a "Notice of Personnel Action" (SF-50) notating your current position, grade level, and duty location, and a copy of your most recent Performance Rating. Click here for more information on ICTAP.

If you are a male applicant who was born after 12/31/59 you are required to register under the Military Selective Service Act; the Defense Authorization Act of 1986 requires that you be registered or you are not eligible for appointment in this agency.

If you are unable to apply online or need to fax a document you do not have in electronic form, view the following link for information regarding an Alternate Application .

How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.

Category rating procedures will be used to rank eligible candidates. The rating you receive is based on your responses to the questionnaire, and is a measure of the degree to which your background matches the competencies required for this position. Thus, your application should contain information about specific work performed that relates to this position. If, after reviewing your resume and or supporting documentation, a determination is made that you have inflated your qualifications and or experience, you may lose consideration for this position. Please follow all instructions carefully. Errors or omissions may affect your rating. You may view the questionnaire here: https://apply.usastaffing.gov/ViewQuestionnaire/10274341

Qualified candidates will be assigned to the following categories: Best Qualified, Qualified, and Minimally Qualified. Within each quality category, veterans' preference eligibles will receive selection priority over non-veterans.

Applicants will be rated on the following competencies:
Experience in expressing technical facts and ideas in writing in a clear, convincing and organized manner
Experience in planning and developing complex actuarial applications involving a personal computer using Excel and Visual Basic
Experience in planning and developing new and modified computer programs and developing unique logic routines to handle complex problems
Experience speaking to individuals and/or groups and providing technical information, taking into account the audience and the nature of the information provided
Expert knowledge of actuarial concepts, principles, practices, and procedures
Knowledge of the provisions of the Railroad Retirement Act, the Social Security Act, and/or other retirement benefit plans

The Category Rating Process does not add veterans' preference points or apply the "rule of three" but protects the rights of Veterans by placing them ahead of non-preference eligibles within each quality category. Veterans' preference eligibles who meet the minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent will be listed in the highest quality category (except in the case of scientific or professional positions at the GS-09 level or higher).

Background checks and security clearance
Security clearance
Public Trust - Background Investigation

Drug test required
No

Required Documents

Required Documents
To apply for this position, you must provide a complete Application Package which includes:

Resume showing work schedule, hours worked per week, dates of employment and duties performed.
Transcripts: Copies of all college courses must be submitted to document that you meet the Basic Requirement. Original transcripts will be required if selected.
Veterans' Documentation: If you are a veteran, you must provide a copy of your Record of Military Service (DD-214), and proof of your veterans' preference, if applicable. Veterans with a service connected disability must submit a completed claim form SF-15 ( click here for form) along with the required proofs. Go to FedsHireVets-Veterans Preference for more information.
Interagency Career Transition Assistance Plan (ICTAP) documentation: If you are eligible under ICTAP, you must submit all required materials verifying your eligibility as listed in "Other Information."
If you are relying on your education to meet qualification requirements:
Education must be accredited by an accrediting institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications. Therefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the U.S. Department of Education .

Failure to provide all of the required information as stated in this vacancy announcement may result in an ineligible rating or may affect the overall rating.

Benefits

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. Learn more about federal benefits .

Review our benefits

Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittent. Contact the hiring agency for more information on the specific benefits offered.