Actuary

About the role

This position is located in the Office of Management (OM), Office of Actuarial Services (OAS). Under the direction of the Executive Director of Actuarial Services (VA's Chief Actuary), OAS is responsible for developing, monitoring, and updating actuarial models to support the mission of ensuring maximum transparency and accountability with respect to actuarial benefit liabilities reported in VA's audited financial statements. To qualify for this position, applicants must meet all requirements by the closing date of this announcement. Selective Placement Factor: This position includes a skill, knowledge, ability or other worker characteristic basic to -and essential for- satisfactory performance of the job. Selective Placement Factors are a prerequisite to appointment and represent minimum requirements for a position. Applicants who do not meet it are ineligible for further consideration. Evidence of the Selective Placement Factor must be reflected in your resume. The Selective Placement Factor for this position is: Must have obtained one of the following actuarial credentials from the Society of Actuaries (SOA): Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA), as evidenced by an official transcript and certificate or by the applicant's presence in The Actuarial Directory. Individual Occupational Requirements GS-13 or Equivalent Grade Level: Basic Requirements Applicants may qualify for actuary positions by meeting the requirements described in either paragraph A OR paragraph B below. Paragraph A. Applicants may qualify for the following grade levels by meeting the educational and/or experience requirements described below. Applicants may qualify for higher grade levels by meeting all of the following requirements: One year of actuarial experience equivalent to the next lower grade level GS-12; AND A course of educational study which is 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 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-13 or Equivalent Grade Level: One year of professional actuarial experience equivalent to at least the GS-12 level AND Associateship in the Society of Actuaries or the Casualty Actuarial Society or being an Enrolled Actuary. Specialized Experience: GS-13 Grade Level: One year of specialized experience (equivalent to the GS-12 grade level in the federal service); experience that equipped the applicant with the particular knowledge, skills and abilities (KSA's) and other characteristics to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled, in the normal line of progression for the occupation in the organization. Specialized experience includes: Assisting with updating models supporting Incurred But Not Reported reserves (IBNR) and incurred claims forecasts; perform medical claims trend analysis. Utilizing actuarial and data analysis tools such as Microsoft Excel, SQL, R, or SAS to extract, manipulate, and analyze data Communicating analytical findings in written and verbal formats, and frequently collaborating with fellow actuaries and cross-functional colleagues. Individual Occupational Requirements GS-14 or Equivalent Grade Level: Paragraph A. Applicants may qualify for the following grade levels by meeting the educational and/or experience requirements described below. Applicants may qualify for higher grade levels by meeting all of the following requirements: One year of actuarial experience equivalent to the next lower grade level GS-13; AND A course of educational study which is a bachelor's degree that incl

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