Actuary, Financial Interchange

Come aboard the Railroad Retirement Board and join us in using creativity, automation and innovation to carry out our mission to administer insurance benefit programs under the Railroad Retirement Act and the Railroad Unemployment Insurance Act. You can be a part of the team that delivers best in class service to railroad workers and their families!

This position is located in the Bureau of the Actuary, Railroad Retirement Board. The incumbent will be responsible for assisting in the activities of the financial interchange (FI) division, which is a multi-billion dollar project mandated by the Railroad Retirement Act (RRA).

RELOCATION EXPENSES WILL NOT BE PAID.

This job announcement may be used to fill one or more vacancies.

Duties

  • As an Actuary, Financial Interchange at the GS-1510-14 level, you will:
  • Provide technical advice and assist in reviewing the accuracy of calculations for inclusion in the annual Financial Interchange determinations as specified by law
  • Independently plan and develop complex actuarial programs involving mainframe and personal computer applications
  • As an expert subject-matter analyst, work closely with the bureau's computer specialists and other staff in the development of computer programs for the processing of data
  • Conduct individual research in the fields of social insurance, private insurance, and pensions, and make comparisons between the railroad retirement program and similar programs for workers in other industries
  • Compose a variety of technical publications, memoranda, etc., pertaining to aspects of the Financial Interchange
  • Prepare data processing requests for program changes, reviews documentation, prepare test data, and review test output
  • Work with auditors from the Social Security Administration (SSA), Government Accountability Office (GAO), and the Office of the Inspector - - General (OIG) to coordinate case reviews and audit issues
  • Utilizes SAS and Microsoft Office software packages to accomplish a variety of work assignments
  • This work requires professional actuarial experience

Travel Required

  • Not Required

Relocation Authorized

  • No

Key Requirements

  • Must be a U.S. Citizen
  • Males born after 12/31/59 must be registered for Selective Service
  • Suitable for Federal employment, determined by a background investigation
  • May be required to successfully complete a probationary period

Qualifications

  • Minimum Qualifications for GS-14 level:

Basic Education Requirements:

  • A. 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
  • B. A 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.

In addition to the basic requirement above, applicants must also have the following specialized experience:

  • One year of specialized experience at or equivalent to at least the GS-13 grade level in the Federal service.
  • Specialized experience is defined as experience performing a wide range of professional actuarial functions which included applying actuarial principles and techniques in the analysis, evaluation, and projection of data with an emphasis on complex retirement and pension plans or other similar employee benefit programs.
  • You MUST provide transcripts or other documentation to support your educational claims.
  • Official or unofficial transcripts are acceptable. All materials must be submitted by the closing date of the announcement. Official transcripts will be required if selected.
  • 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.

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. For further information, click here.
  • Only experience obtained by the closing date of this announcement will be considered.

Security Clearance

Public Trust - Background Investigation


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