Summary
This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Negotiations and Restructuring (ONR), Negotiations and Restructuring Actuarial Department (NRAD).
More than one selection may be made from this vacancy announcement.
This job is open to
Clarification from the agency
Consideration may be given to those internal and external to government.
Duties
The candidate selected for this position will:
Formulate and conduct complex studies of major corporations, unions and industries with respect to their unique, intricately structured pension plans in order to assess and make recommendations related to their impact on PBGC.
Participate in the review of applications from multiemployer pension plan sponsors for benefit suspension, plan partitions, facilitated mergers, and special financial assistance.
Participate, as needed, in the determination of contingent liabilities included in PBGC's Financial Statement for both single-employer and multiemployer plans.
Develop actuarial models for projecting pension plan assets and liabilities, cash flows, and contribution requirements, and test their sensitivity to changes in projection assumptions, benefit levels and contribution schedules.
Participate with the Chief Negotiating Actuary in developing policies, procedures, and standard techniques for application to the actuarial work of the department and to support other required quantitative analyses.
Plan and direct contract actuaries, perform a variety of pre-award and post award activities; accept or reject invoices submitted by the Contracting Officer, and serve as Contracting Officer's Representative (COR).
Requirements
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
- Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S.
- Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency
- Selected applicants will be required to complete an online onboarding process
Qualifications
All qualification and eligibility requirements must be met by the announcement closing date.
Specialized Experience: Applicants must have at least one year of specialized experience at the GS-13 grade level in the Federal service or equivalent to the GS-13 grade level in the private sector applying actuarial concepts, principles, practices and procedures as they pertain to employee pension plans, the Employee Retirement Income Security Act (ERISA), and the Internal Revenue Code (IRC).
Examples include performing actuarial valuations of defined benefit plans, certification of zone status of multiemployer pension plans under IRC Sec 432, preparation of applications for submission to the Special Financial Assistance Program created by the American Rescue Plan Act of 2021, performing actuarial calculations for defined benefit pension plans in support of Annual Financial and/or Actuarial Information Reporting (Form 4010), Notice of Single-Employer Plan Termination (Form 601), Notice of Failure to Make Required Contributions (Form 200) and/or Annual Return/Report of Employee Benefit Plan for pension plans (Form 5500) filings; calculating minimum funding contributions and benefit liabilities for pension plans; and reviewing and analyzing other actuaries' calculations to determine their accuracy and resolving any discrepancies.
AND
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.
Note: An Enrolled Actuary (EA), an Associate of the Society of Actuaries (ASA) or a Fellow of the Society of Actuaries (FSA) credential is preferred but not required
Education
In order to qualify for this position, you must possess the following education:
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.
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)
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.
Benefits
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.
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.
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. You may preview questions for this vacancy.
Required Documents
The following documents are required and must be provided with your application for this Public Notice:
RESUME: You must submit a resume. Your resume must include your name and contact information and should clearly show your possession of the specialized experience and KSAs 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.
PLEASE DO NOT include photographs, hypertext/hyperlinks, or other inappropriate material or content. This information will not be used to make eligibility or qualification determinations.
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) (IF APPLICABLE): You must submit transcripts to verify that you meet the educational requirement for this position. Information on the specific education requirement can be found under the Education 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. Please see the Education section of this announcement for additional information.
FOREIGN EDUCATION: If you are using education completed in foreign colleges or universities to meet the qualification requirements, you must show that the education credentials have been evaluated by a private organization that specializes in interpretation of foreign education programs and such education has been deemed equivalent to that gained in an accredited U.S. education program; or full credit has been given for the courses at a U.S. accredited college or university.
Interagency Career Transition Assistance Programs: CTAP and ICTAP candidates must submit documents showing eligibility for selection priority (e.g., RIF separation notice, Certificate of Expected Separation, or other proof of eligibility for priority selection); an SF-50 showing the current (or former) position, grade level, promotion potential, and duty location; and the most current performance appraisal including the performance rating.
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.
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.
How to Apply
In order to be considered, submit all of the required information (including your supplemental documentation) before midnight EST on the closing date.
If you are not able to apply online or require reasonable accommodations, contact Rodney Williamson (202) 229-4172 or at williams.rodney@pbgc.gov no later than 5:00 p.m. on the day before the closing date of this vacancy announcement. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
Please complete all the steps in the online application process at USAJOBS (www.usajobs.gov). You may make updates to your information at any time prior to midnight EST on the closing date of this announcement.
- Register with USAJOBS, which will store your information and resume. You will only need to complete this step once.
- Locate and review the vacancy announcement on USAJOBS. Click the “Apply” link and then select a resume to submit with your application. If you do not have a resume to select, or you want to upload a new one, click “Add Resume” and upload your resume. You can also click “Edit” to edit an already-uploaded resume. Once you have selected a resume, click “Save and Continue.”
- Add or remove your supporting documents.
- Once you have attached your resume and supporting documents, review your application package to ensure that they have been attached, then check the box next to “I acknowledge that I have reviewed my resume and document(s).” Then Click “Save and Continue.”
- Complete the “Include Personal Information” page and click “Save and Continue,”
- On the “Continue Application with Agency” page, read the terms and certify by checking the box if you agree. Then click “Continue to Agency Site.” This will take you to the application for the position.
- Click “Apply to this Vacancy.”
- Complete or review the eligibility questions, which determine the types of positions you are eligible for.
- Specify which series, grade(s), and location(s) you wish to be considered for.
- Complete the online vacancy questions, then click "Finish". You will continue to the Vacancy Documents page.
- Review your attached documents from USAJobs. If there are other documents that you need to attach, upload those here as well.
- You will then see a summary of your application, including the documents that you submitted. You are strongly encouraged to save or print a copy of this page as proof of submission and receipt of your application and documents.
- To finish, click "Submit Application."
Next steps
You are encouraged to complete your USAJOBS personal account completely to receive notifications at each point in the recruiting process. Utilizing this option allows you to review and track the status of your application and receive email notifications from the hiring office.
You may check the status of your applications by clicking on the My USAJOBS tab at the USAJOBS website.
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