This position is located in the Policy, Research, and Analysis Department (PRAD).
More than one selection may be made from this vacancy announcement.
As an Actuary in the Policy, Research, and Analysis Department, you may:
Provide technical expertise and assistance on the financial impacts of legislative options on current funding and benefit guarantee requirements, including research and analysis of underfunding in PBGC insured defined benefit pension plans.
Assist the Pension Insurance Modeling System (PIMS) managers in designing the actuarial components of PIMS and carrying out contractor studies; analyze factors underlying pension issues/problems, formulate approaches, and devise tools and methods.
Communicate clearly and effectively in writing, in order to explain technical pension actuarial matters and to present modeling results.
Occasional travel – Less than 10%
Job family (Series)
1510 Actuarial Science
Conditions of Employment
You must be a U.S. citizen
You may undergo a personnel security background investigation
Selective Service registration required for male applicants, unless exempt
1 year probationary period required unless met during prior Federal service
Applicants selected for employment will be required to complete an OF-306
All qualification and eligibility requirements must be met by the announcement closing date.
You may start at $96,970 (GS-13) if you possess the following specialized experience by the closing date of the announcement (in addition to the below education requirement):
Specialized experience for the GS-13 grade level is defined as one year of experience at the GS-12 grade level in the Federal service or equivalent to the GS-12 grade level in the private sector which demonstrates knowledge of the laws, regulations and policies governing pension plans. Examples may include: reviewing the results of or developing forecasting or economic models under direct supervision; analyzing the output of such models to develop recommendations or policy under direct supervision; calculating pension benefits or liabilities in complex plans to determine pension funding patterns or required contributions: or determining the effects of changes in legal requirements to the liabilities and funding of pensions.
You may start at $114,590 (GS-14) if you possess the following specialized experience by the closing date of the announcement (in addition to the below education requirement):
Specialized experience for the GS-14 grade level is defined as one year of experience at the GS-13 grade level in the Federal service or equivalent to the GS-13 grade level in the private sector which demonstrates experience in applying the knowledge of the laws, regulations and policies governing pension plans. Examples may include two or more of the following: reviewing the results of or developing forecasting or economic models; analyzing the output of such models to develop recommendations or policy; calculating pension benefits or liabilities in plans to determine pension funding patterns or required contributions; or determining the effects of changes in legal requirements to the liabilities and funding of pensions.
Education requirement: in order to qualify for this position, you must possess:
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.
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.
In addition, the following actuarial credentials are desired, but not required: Associate of Society of Actuaries (ASA), Enrolled Actuary (EA), and/or Fellow of the Society of Actuaries (FSA)
PBGC encourages qualified applicants with disabilities to apply. Applicants with disabilities who are interested in learning more about job opportunities under available hiring flexibilities and authorities are encouraged to contact PBGC’s Selective Placement Program Coordinator, Donald Beasley, at (202) 326-4000 ext. 3637 or firstname.lastname@example.org. TTY/TDD users should call the federal relay service at (800) 877-8339 and ask to be connected to (202) 326-4000 ext. 3637.
How You Will Be Evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
THIS VACANCY ANNOUNCEMENT IS BEING ADVERTISED UNDER THE DIRECT HIRE APPOINTING AUTHORITY.
There will be no applicant self-assessment or rating and ranking process.
You will be evaluated for this job based on whether you meet the minimum qualification requirements listed above.
Under the provisions of the Direct-Hire Appointing Authority, veterans’ preference does not apply .
We will review your resume and supporting documentation to ensure you meet the minimum qualification requirements.
To preview questions please click here .
Background checks and security clearance
Drug test required
The following documents are required and must be provided with your application for this Public Notice:
RESUME : You must submit a resume. Your resume should clearly show your possession of the specialized experience so that we can determine your qualifications for this position. Your resume should be specific to the position you are applying for, relating your skills and experience to those noted in the job posting.
COVER LETTER (OPTIONAL): Your cover letter should state your interest in this position and the strengths that you feel will make you an asset to the Pension Benefit Guaranty Corporation. We will not use your cover letter to determine your qualifications; however, your cover letter will go to the Selecting Official along with your resume if you are referred.
TRANSCRIPT(S): This position has a positive education requirement. You must submit transcripts to verify that you meet the education requirement for this position. Information on the specific education requirement can be found under the Qualifications and Evaluations tab in the vacancy announcement. Your transcripts should include course titles, school name/location, date completed, grades, and number of credits earned. Applicants who obtained their qualifying education outside of the U.S. and its territories must provide proof that their degrees have been validated as equivalent to a degree conferred by a college or university in the U.S. Unofficial transcripts may be submitted with your application; however, you must bring official transcripts with your first day if you are hired.
Failure to submit the required documents will result in an incomplete application.
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.
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 .
Visit PBGC Benefits for information on our Agency Benefits offered.
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.
- Experience Level Junior
- Total Years Experience 0-5
- dress code option-1