Clarification from the agency

All current internal employees to the Pension Benefit Guaranty Corporation (PBGC) who are currently serving or previously served on a career or career-conditional appointment.

The candidate selected for this position will:

• In accordance with departmental procedures, review and sign the actuarial report documenting Negotiations and Restructuring Actuarial Department (NRAD)’s review of Special Financial Assistance (SFA) applications for significant amounts of assistance and participates in the approval process for all SFA applications.
• Work with the Corporate Finance and Restructuring Department (CFRD) and the Plan Compliance Department (PCD) Director to assess the impact of proposed changes in policies, procedures which affect the programs, and procedures which affect the Departments.
• Provide actuarial analyses of proposed multiemployer plan mergers, spinoffs, and partitions, as well as proposed changes to withdrawal liability rules in order to maximize the support of contributing employers and affected labor unions for the multiemployer pension system and minimize the risk of plan insolvency.

Conditions of employment

• One-year supervisory probationary period may be required unless met during prior Federal service.

Qualifications

All qualification requirements must be met within 30 days of the announcement closing date.

To meet the minimum qualifications for this position, you must meet the specialized experience qualifications and education for the grade at which you are requesting consideration.

Specialized Experience: Applicants must have at least one year of experience at the GS-15 grade level in the Federal service or equivalent to the GS-15 grade level in the private sector planning and overseeing actuarial work as it relates to the calculation of individual benefits, zone status certifications, unpaid minimum funding contributions, and plan termination liabilities. Reviewing or preparing Special Financial Assistance applications from financially distressed pension plans.

Examples include: supervising actuaries who perform actuarial calculations for benefit plans, calculating unpaid employer contributions or solvency projections, calculating minimum funding requirements; and reviewing actuaries' calculations to determine their accuracy and resolve any related discrepancies.

Time-In-Grade Requirement: In order to be eligible for this position, all current Federal employees must provide proof of meeting the time-in grade requirement (i.e., at least 52 weeks of experience at the next lower grade level in the Federal service). This information must be in both your resume and on an SF-50. Those who do not provide proof of having met the time-in-grade requirement will be deemed ineligible for this position.

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). You will receive credit for all qualifying experience, including volunteer experience. Your resume must clearly describe your relevant experience; if qualifying based on education, your transcripts will be required as part of your application.

How you will be evaluated

You will be evaluated for this job based on how well you meet the qualifications above.

Referral: You will be assigned to one of three quality groups. Each group represents a quality level (i.e., Best Qualified, Qualified, Minimally Qualified). Candidates will be considered in quality group order. If you are among the top qualified candidates, your application may be referred to a selecting official for consideration. You may be required to participate in a selection interview (telephonic and/or in person at the discretion of the Selecting Official in accordance with hiring policies).

If your resume does not support the answers you gave on the assessment questionnaire, you may be rated Not Qualified or you may be placed in a lower quality group.

Your name will be placed in one of the three following quality groups:

•Best-Qualified - highly proficient regarding the knowledge, skills and abilities (KSAs) related to this position.

•Qualified - competent regarding the knowledge, skills and abilities (KSAs) related to this position.

•Minimally Qualified- possessing only the minimum qualifications required for this position.

Your qualifications will be evaluated on the following knowledge, skills, and abilities (KSAs):

1. Ability to implement strategic and operational plans and allocate resources, including budgeting and personnel.
2. Skill in developing programs, structures, and procedures to implement new or revised policies and procedures.
3. Skill in planning, executing, and evaluating operational and actuarial functions.

Candidates who apply under Competitive Merit Promotion procedures will undergo a quality review to determine if they are best qualified based on the content of their resume and their responses to the assessment questionnaire. Best qualified will be referred if all required supporting documentation has been provided.

Candidates who apply under Noncompetitive procedures will undergo a quality review to determine if they are minimally qualified based on the content of their resume, supporting documentation submitted and their responses to the assessment questionnaire.

Your rating may be lowered if your responses to the online questions are not supported by the education and/or experience described in your application.

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 limit your resume to two pages. If more than two pages are submitted, only the first two pages will be reviewed by Human Resources and the hiring manager to determine your eligibility/qualifications.

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.  

SF-50 (NOTIFICATION OF PERSONNEL ACTION): All status candidates or reinstatement eligibles must submit an SF-50. 

• DO NOT submit Award SF-50's and/or General Adjustment SF-50's as they cannot be used to prove time-in-grade.
• Submit your most recent NON-AWARD SF-50. The SF-50 must indicate proof of status and should identify your position title, series, grade, step, salary, tenure and type of service (Competitive or Excepted); also include your SF-50 reflecting when you entered your highest grade (e.g. Promotion, Appointment, etc.) in order to verify time-in-grade requirements.

Please note that it may be necessary to submit more than one SF-50 to show that all requirements have been met.

TRANSCRIPT(S): This position has a positive education requirement. You must meet the minimum qualification requirement for this position; you must submit transcripts to verify that you meet the requirement. 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.

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.

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