Actuary Trainee Jobs (NOW HIRING)

Summary
This position is being filled under the for Post-Secondary Intern Hiring Authority.
The Office of Personnel Management (OPM) invites students to apply to our Intern positions. The ideal candidates are seeking a bachelor or graduate degree and demonstrate innovation and self-initiative. You will have an opportunity to train and develop your skills in career fields such as policy, healthcare, or insurance and have a positive impact on the people and communities that OPM serves.
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Duties
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What You May Be Doing: As a Student Trainee, you will have the opportunity to participate in a variety of tasks and projects. Some of the responsibilities you may undertake include:

• Assist actuaries with actuarial valuations supporting Federal retirement, health, life, and benefits programs.
• Support preparation of materials and data used in premium negotiations and actuarial evaluations.
• Prepare data supporting actuarial liability determinations and financial reporting activities.
• Conduct technical actuarial research and analytical studies supporting policy recommendations.
• Analyze routine actuarial issues and present findings to higher-graded actuaries.
• Create complete documentation describing methods, analyses, and results of assignments.
• Compile, organize, and perform quality checks on program experience and demographic data.
• Assemble reference materials, data files, and supporting documentation for actuarial projects.
• Conduct literature searches and gather reference materials to support actuarial studies and research.
• Prepare summaries of data sources, methods, and results for review by senior actuaries.

Requirements
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Conditions of employment

• Citizenship: Must be a U.S. Citizen or National
• Selective Service: Males born after 12-31-59 must be registered for the Selective Service.
• Age: You must be at least 16 years of age
• Background Investigation: Must be suitable for Federal employment as determined by a background investigation.
• Trial/Probationary Period: Selectee may have to complete a trial/probationary.
• Candidates will not be hired based on their race, sex, color, religion, or national origin
• You will be required to report to an OPM assigned office.
• This position is not eligible for inclusion in a bargaining unit

Qualifications
For the GS-5 Grade Level: You must have one year of specialized experience equivalent to at least the GS-04 level in the Federal service (or equivalent) performing all of the following: Compiling data using spreadsheets, databases, or similar analytical tools; Reviewing reference materials, records, or supporting documentation for studies, reports, or projects; AND Preparing written summaries, reports, or documentation that communicate methods, findings, or results for review by others.
OR
Completion of 4 academic years of post-high school leading to a bachelor's degree or equivalent degree.
OR
I have a combination of the experience described in Response A and college education described in Response B above, which when combined are equivalent to 100% of the qualifications requirement.
For the GS7 Grade Level: You must have one year of specialized experience equivalent to at least the GS-05 level in the Federal service (or equivalent) performing all of the following: Analyzing and interpreting quantitative data to support studies, evaluations, forecasts, or business decisions; Applying mathematical, statistical, financial, actuarial methods to develop calculations, projections, or recommendations; Evaluating information from multiple sources to support technical reports, analyses, or program decisions; AND Preparing analytical reports, summaries, or documentation that explain methodologies, findings, and recommendations to stakeholders or management.
OR
I have one full academic year of graduate-level education in a field which demonstrates the knowledge, skills, and abilities necessary to do the work of the position, such as, actuarial science, mathematics, business, finance, economics, or computer science or another related field.
OR
I have a Bachelor's degree with Superior Academic Achievement as described in the announcement.
OR
I have an equivalent combination of education and specialized experience, that together meet 100% of the qualification requirements for this position.
To meet the Post-Secondary Intern Eligibility requirements, you must be currently enrolled in, or accepted for enrollment in and pursuing a baccalaureate or graduate degree on at least a part-time bases as determined by the academic institution.
All education must be obtained at an accredited institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications (particularly positions with a positive education requirement.) Therefore, applicants must report only attendance and/or degrees from schools accredited by accredited institutions recognized by the U.S. Department of Education. Applicants may verify accreditation at the following website: Accreditation. All education claimed by applicants will be verified by OPM accordingly.
You must meet all qualification and eligibility requirements by the closing date of this announcement.
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.
Education
This position has a basic education requirement listed under the Qualifications section of this announcement.
Additional information
Relocation expenses will not be paid.
This job opportunity announcement may be used to fill additional similar vacancies across OPM.
Males born after 12-31-59 must be registered or exempt from Selective Service (see https://www.sss.gov/Home/Registration).
CONVERSION ELIGIBILITY:
Post-Secondary Interns may be converted, without a break in service, to a career or career conditional appointment upon completion of program requirements.
To be eligible for conversion, Interns must:

• Complete at least 640 hours of continuous employment
• Complete their degree or certificate requirements
• Meet the qualification standards for the position to which the Intern will be converted
• Meets time-in-grade requirements for which the intern will be converted
• Perform their job successfully

In order to be converted to a permanent position in the 1510 Actuarial Science Series, applicants must meet the basic education requirement: 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.
Temporary appointments do not have promotion eligibility as an intern.
Post-Secondary Interns may be appointed to temporary or term appointment in the competitive service. Temporary appointments are expected to last less than a year and may be extended for a maximum of 2 years. Term appointments are expected to last more than 1 year not to exceed 4 years. The type of appointment is determined by the amount of education remaining for the degree completion.
Temporary or term appointments under this hiring authority may be non-competitively converted to a career or career-conditional appointment within 120 days of successfully completing the qualifying academic program.
If converted to a permanent appointment, you may be converted at any grade level up to the full performance level of GS-14; however, the target position and full performance level may change based on the need of the organization at that time. Post-Secondary Interns must meet the qualification requirements for the position to which converted.
Extensions of Appointment: The maximum extension period is 120-days upon completion of the coursework requirements or conferral date of the degree.
If you are unable to apply online and would like to request information about the Alternate Application process, please use the contact information at the bottom of this announcement.
As a condition of employment for accepting this position, you will be required to serve a 1-year probationary period during which we will evaluate your fitness and whether your continued employment advances the public interest. In determining if your employment advances the public interest, we may consider:
- your performance and conduct;
- the needs and interests of the agency;
- whether your continued employment would advance organizational goals of the agency or the Government; and
- whether your continued employment would advance the efficiency of the Federal service.
Upon completion of your probationary period your employment will be terminated unless you receive certification, in writing, that your continued employment advances the public interest.
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Candidates should be committed to improving the efficiency of the Federal government, passionate about the ideals of our American republic, and committed to upholding the rule of law and the United States Constitution.
Benefits
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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. Opens in a new windowLearn more about federal benefits.
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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.