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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.

Qualifications: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 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.
Paragraph B.
One year of professional actuarial experience equivalent to at least the GS-13 level
AND
Associateship in the Society of Actuaries or the Casualty Actuarial Society or being an Enrolled Actuary.
Specialized Experience:
GS-14 Grade Level: One year of specialized experience (equivalent to the GS-13 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:

• Producing Incurred But Not Reported reserves (IBNR) and incurred claims forecasts; identifying key drivers of medical trend through investigation and analysis of medical claims.
• Studying health plan utilization of beneficiaries with other health insurance (e.g., Medicare); experience with health risk analysis.
• Utilizing actuarial and data analysis tools such as Microsoft Excel, SQL, R, or SAS to extract, manipulate, and analyze data
• Displaying excellent communication (drafting and editing written actuarial communications, articulating information to a variety of internal and external audiences, including presentations to management), and frequently collaborating with fellow actuaries and cross-functional colleagues.

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; religions; 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.
Local Commuting Area by Location:
The local commuting area for this position is defined as a radius of 50 miles from Washington, DC. This includes all locations that fall within a 50 mile driving distance from 810 Vermont Ave NW, Washington, DC 20420.
The local commuting area for this position is defined as a radius of 50 miles from Frederick, MD. This includes all locations that fall within a 50 mile driving distance from 7485 New Horizon Way, Frederick, MD 21703
The local commuting area for this position is defined as a radius of 50 miles from St. Paul, MN. This includes all locations that fall within a 50 mile driving distance from 1 Federal Drive, Building 1, Suite 4500, St. Paul MN 55111-4050
The local commuting area for this position is defined as a radius of 50 miles from Austin, TX. This includes all locations that fall within a 50 mile driving distance from 7600 Metropolis Dr., Austin, TX 78744.Education:There is no educational substitute for the GS-13/14 level.
Note: Only education or degrees recognized by the U.S. Department of Education from accredited colleges, universities, schools, or institutions may be used to qualify for Federal employment. You can verify your education here: http://ope.ed.gov/accreditation/. If you are using foreign education to meet qualification requirements, you must send a Certificate of Foreign Equivalency with your transcript in order to receive credit for that education.Employment Type: OTHER