Chief Actuary.

Employee Benefits Security Administration; Washington (District of Columbia); On-site; USD 150,000 - 190,000; Full time

Job summary

Employee Benefits Security Administration is seeking a senior actuary to serve as the Department's principal actuarial advisor on pension, retirement, health, and welfare benefit programs. You will direct actuarial research, analysis, and interagency initiatives while communicating complex issues to senior officials and external stakeholders.

The role requires expert proficiency in actuarial science and risk analysis, strong policy communication skills, and the ability to manage a professional

Qualifications

• Expertise in actuarial science, mathematics, statistics, economics, and risk analysis enabling national authority on pension and employee benefit plans.
• Ability to convey complex actuarial and policy issues to both technical and non-technical audiences; preparation of technical reports and analyses.
• Must show Technical Qualifications and provide transcripts; 24 semester hours of relevant coursework is expected.

Responsibilities

• Serve as the Department's principal actuarial advisor to senior officials and Congress.
• Direct actuarial research, analysis, and technical consultation functions.
• Communicate complex actuarial and policy issues to technical and non-technical audiences at high government/industry levels.
• Represent the Department as senior actuarial expert in interagency initiatives.
• Lead development of professional actuarial standards for ERISA-covered plans.
• Direct a professional staff of actuaries and support personnel, managing resources and budget.

Skills

Actuarial expertise

Policy communication

Regulatory analysis

Education

Bachelor's degree in a relevant field

Actuarial/math coursework

Job description

Duties

• Serves as the Department's principal actuarial advisor, providing expert counsel to the Assistant Secretary, Deputy Assistant Secretaries, other Departmental officials, and Congressional committees on the actuarial implications of legislative, regulatory, and policy proposals affecting the nation's pension, retirement, health, and welfare benefit systems.
• Directs EBSA's actuarial research, analysis, and technical consultation functions, ensuring the technical soundness and defensibility of all actuarial products, resolving the most complex and precedent-setting actuarial issues, and reviewing the actuarial soundness of exemption applications and regulatory impact analyses.
• Communicates complex actuarial and policy issues to technical and non-technical audiences at the highest levels of government and industry, preparing or directing the preparation of authoritative reports, testimony, and regulatory analyses for the Assistant Secretary, the Secretary, OMB, and Congress.
• Represents the Department as the senior actuarial expert with federal agencies, professional actuarial organizations, industry and labor representatives, and academic experts, leading interagency and government-industry initiatives on national actuarial policy.
• Leads development of professional actuarial standards, including accreditation, discipline, continuing education, and examination requirements for actuaries serving ERISA-covered plans.
• Directs a professional staff of actuaries and support personnel, managing resource allocation, staffing, budget planning, and organizational structure to achieve program objectives.

Requirements

Conditions of employment

• Must be a U.S. Citizen.
• Subject to financial disclosure requirements.
• Candidate required to obtain the necessary security/investigation level.
• Must complete 1-year probationary period, if not previously completed.

Qualifications

Applicants must meet all eligibility and qualification requirements upon the closing date of this announcement.

Candidates must have at least one year of specialized experience related to this position. This experience must be at or above the GS-15 grade level or equivalent.

To meet the minimum qualification requirements for this position, you must show that you possess the Technical Qualifications (TQ) related to this position within your resume - NOT TO EXCEED 2 PAGES. Resumes must use a font size no smaller than 10-point, and margins no smaller than one inch. Resumes over the 2-page limit, will not be reviewed beyond page 2 or may be disqualified.

There is NO requirement to prepare a narrative statement specifically addressing the Technical Qualifications (TQs).

TECHNICAL QUALIFICATIONS (TQs)

Technical Qualification 1:

Demonstrated expert-level proficiency in actuarial science, mathematics, statistics, economics, and risk analysis, enabling service as a national authority on actuarial matters impacting pension, retirement, health, welfare, annuity, and insurance-related employee benefit plans. This includes comprehensive mastery of actuarial assumptions, methodologies, cost factors, funding principles, mortality, turnover, disability, plan experience studies, and adherence to actuarial standards of practice as they pertain to plans governed by the Employee Retirement Income Security Act of 1974, as amended.

Technical Qualification 2:

Demonstrated ability to convey highly complex actuarial, economic, legislative, regulatory, and policy issues with clarity and persuasiveness to both technical and non-technical audiences. This includes preparing authoritative technical reports, policy memoranda, briefing papers, testimony, regulatory analyses, recommendations, presentations, and decision documents for senior officials and external stakeholders regarding matters affecting employee benefit plans, plan participants and beneficiaries, and the employee benefits industry.

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.

Basic Requirements

• 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 mathematics that included differential and integral calculus and one or more courses in mathematics for which these calculus courses were prerequisites.
• 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.

You must provide a copy of your transcripts from an accredited institution. Any applicant falsely claiming an academic degree from an accredited school will be subject to actions ranging from disqualification from federal employment to removal from federal service.

If your education was completed at a foreign college or university, you must show comparability to education received in accredited educational institutions in the United States and comparability to applicable minimum coursework requirements for this position.

Additional information

DOL seeks to attract and retain a high-performing and diverse workforce in which employees' differences are respected and valued to better meet the varying needs of the diverse customers we serve. DOL fosters a diverse and inclusive work environment that promotes collaboration, flexibility, and fairness so that all individuals are able to participate and contribute to their full potential.

As a condition of employment, all personnel must undergo a background investigation for access to DOL facilities, systems, information and/or classified materials before they can enter on duty.

Based on agency needs, additional positions may be filled using this vacancy.

The Fair Chance Act (FCA) prohibits Federal agencies from requesting an applicant's criminal history information before the agency makes a conditional offer of employment. If you believe a DOL employee has violated your rights under the FCA, you may file a complaint of the alleged violation following our agency's complaint process.

Note: The FCA does not apply to some positions specified under the Act, such as law enforcement or national security positions.

All applicants tentatively selected for this position will be required to submit to screening for illegal drug use prior to the appointment.

All Department of Labor employees are subject to the provisions of the Drug-Free Workplace Program under Executive Order 12564 and Public Law 100-71.

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.

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.

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.