Job details
Salary $49,157 - $60,129 a year job type full-time
Full job description
Duties
Summary
This position is located in the department of health & human services (hhs), centers for medicare & medicaid services (cms), office of the actuary (oact), medicare and medicaid cost estimates group (mmceg).
As a actuary, gs-1510-7/9, you will apply professional principles and practices to the actuary work assigned.
Responsibilities
Provide practical experience in the application of related knowledge and applies professional and/or management theory, principles, and practices to the actuary work assigned.
Assist more senior specialists or works as a team member in the planning and preparation of program rates required by law for the medicare program.
Help and support regarding the development of estimation methodologies and models for historical and program operations, reviews results, and assists with preparing reports.
Assist more senior specialists or works as a team member in the planning and preparation of program rates required by law for the medicare program.
Travel required
Occasional travel - you may be expected to travel up to 5% for this position.
Supervisory status
No
Promotion potential
9
Job family (series)
1510 actuarial science
Similar jobs
Actuaries
Actuaries, health
Health actuaries
Requirements
Requirements
Conditions of employment
You must be a u.sCitizen or national to apply for this position.
You will be subject to a background and suitability investigation.
Qualifications
All qualification requirements must be met by the closing date of this announcement.
Your resume must include detailed information as it relates to the responsibilities and specialized experience for this positionEvidence of copying and pasting directly from the vacancy announcement without clearly documenting supplemental information to describe your experience will result in an ineligible ratingThis will prevent you from receiving further consideration.
In order to qualify for the gs-07, you must meet one of the following:
AI qualify based on superior academic achievement (saa) through one of the following: (1) i am in the upper third of my graduating class, university, or major subdivision; (2) i have a 3.0 higher overall gpa or i have a 3.5 higher gpa in the required courses for my major field of study; or (3) i have been elected into national honor scholastic society; and i have 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 hoursThis 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(saa eligibility & transcripts required at time of application)
BI have one year of graduate education in the subject areas of actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science; and i have 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 hoursThis 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(transcripts required at time of application)
CI have a combination of education and experience that includes both of the following requirements: one year of actuarial experience equivalent to the gs-05 grade level that include: 1) assisting in applying actuarial techniques (e.g., pricing, valuation, asset/liability management, or risk management); 2) participating in the planning and preparation of reports, statistical material and/or mathematical documentation; and 3) communicating information to others (e.gPerforming presentations, trainings, discussion, etc.) and i have completed 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 universityThis 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(transcripts required at time of application)
DI have successfully completed one of the society of actuaries (soa) or the casualty actuarial society (cas) examination, or received credit for one of the joint board for the enrollment of actuaries (jbea) examinations; and i have completed 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 universityThis 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(soa/cas/jbea and university transcripts required at time of application)
In order to qualify for the gs-09, you must meet one of the following:
AI have a master`s or equivalent graduate degree, or 2 years of progressively higher level graduate education leading to a master`s degree in actuarial science; mathematics, statistics, business, finance, economics, insurance, or computer science; and i have 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 hoursThis 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(transcripts required at time of application)
BI have a combination of education and experience that includes both of the following requirements: one year of actuarial experience equivalent to the gs-07 grade level to include: 1) applying actuarial techniques (e.g., pricing, valuation, asset/liability management, or risk management) to perform work or exercises assigned; 2) providing assistance and support in the planning and preparation of actuarial health care reports, cost estimates, and/or health care program rates; and 3) assisting in the interpretation of data and explaining the mathematical or statistical techniques and/or limitations; 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 hoursThis 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 prerequisitesOr a combination of education and experience that includes both of the following requirements: technical work experience in actuarial support work or in mathematics; andc ompletion 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 universityThis 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(transcripts required at time of application)
CI have successfully completed two of the soa or cas examinations, or received credit for two of the jbea examinations and i have completed 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 universityThis 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(soa/cas/jbea and university transcripts required at time of application)
Transcripts are required to verify satisfactory completion of the educational requirement related to substitution of education for experience and combination of experience and educationPlease see `required documents` section below for what documentation is required at the time of application.
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 employmentYou will receive credit for all qualifying experience, including volunteer experience.
Education
Transcripts are required to verify satisfactory completion of the educational requirement listed abovePlease see `required documents` section below for what documentation is required at the time of application.
Click the following link to view the occupational questionnaire: https://apply.usastaffing.gov/viewquestionnaire/11242948
Additional information
Bargaining unit position: yes
Tour of duty: flexible
Recruitment/relocation incentive: not authorized
Financial disclosure: not required
Full-time telework program for cms employees: cms employees currently participating in 100% full-time telework program may be eligible to remain in the programIf an employee in this program is selected, the pay will be set in accordance with the locality pay for the applicable duty stationThe listed salary range reflects the locality pay assigned to the duty location(s) listed in the vacancy announcementFor more information about pay based on locality, please visit the office of personnel management (opm) salaries & wages page.
The interagency career transition assistance plan (ictap) and career transition assistance plan (ctap) provide eligible displaced federal employees with selection priority over other candidates for competitive service vacanciesTo be qualified you must submit the required documentation and be rated well-qualified for this vacancyClick here for a detailed description of the required supporting documentsA well-qualified applicant is one whose knowledge, skills and abilities clearly exceed the minimum qualification requirements of the positionAdditional information about ictap and ctap eligibility is on opm`s career transition resources website at www.opm.gov/rif/employee_guides/career_transition.asp.
Additional forms required prior to appointment:
Optional form 306, declaration of federal employment and the background/suitability investigation - a background and suitability investigation will be required for all selecteesAppointment will be subject to the successful completion of the investigation and favorable adjudicationFailure to successfully meet these requirements may be grounds for appropriate personnel actionIn addition, if hired, a reinvestigation or supplemental investigation may be required at a later timeIf selected, the optional form 306 will be required prior to final job offerClick here to obtain a copy of the optional form 306.
Form i-9, employment verification and the electronic eligibility verification program - cms participates in the electronic employment eligibility verification program (e-verify)E-verify helps employers determine employment eligibility of new hires and the validity of their social security numbersIf selected, the form i-9 will be required at the time of in-processingClick here for more information about e-verify and to obtain a copy of the form i-9.
Standard form 61, appointment affidavits - if selected, the standard form 61 will be required at the time of in-processingClick here to obtain a copy of the standard form 61.
If you are unable to apply online or need to fax a document you do not have in electronic form, view the following link for information regarding an alternate application.
How you will be evaluated
You will be evaluated for this job based on how well you meet the qualifications above.
If you meet the minimum qualifications and education requirements for this position, your application and responses to the online occupational questionnaire will be evaluated under category rating and selection procedures for placement in one of the following categories:
Best qualified - for those who are superior in the evaluation criteria
Well qualified - for those who excel in the evaluation criteria
Qualified - for those who only meet the minimum qualification requirements
The category rating process does not add veterans` preference points or apply the `rule of three` but protects the rights of veterans by placing them ahead of non-preference eligibles within each categoryVeterans` preference eligibles who meet the minimum qualification requirements and who have a compensable service-connected disability of at least 10 percent will be listed in the highest quality category (except in the case of professional or scientific positions at the gs-09 level or higher).
Once the announcement has closed, your online application, resume, and cms required documents will be used to determine if you meet eligibility and qualification requirements listed on this announcementIf you are found to be among the top qualified candidates, you will be referred to the selecting official for employment considerationPlease follow all instructions carefullyErrors or omissions may affect your rating.
Your qualifications will be evaluated on the following competencies (knowledge, skills, abilities and other characteristics):
Actuarial science
Analysis
Oral communication
Writing
This is a competitive vacancy announcement advertised under delegated examining authoritySelections made under this vacancy announcement will be processed as new appointments to the civil serviceCurrent civil service employees would therefore be given new appointments to the civil service; however, benefits, time served and all other federal entitlements would remain the same.
Additional selections may be made from this announcement for similar positions within cms in the same geographical locationFor central office vacancies, the `same geographical location` includes baltimore, maryland; bethesda, maryland; and washington, d.c.
Background checks and security clearance
Security clearance
Not required
Drug test required
No
Position sensitivity and risk
Non-sensitive (ns)/low risk
Trust determination process
Credentialing, suitability/fitness
Required documents
Required documents
The following documents are required:
1Resume showing relevant experience; cover letter optionalYour resume must indicate your citizenship and if you are registered for selective service if you are a male born after 12/31/59Your resume must also list your work experience and education (if applicable) including the start and end dates (mm/yyyy) of each employment along with the number of hours worked per weekFor work in the federal service, you must include the series and grade level for the position(s)Your resume will be used to validate your responses to the assessment tool(s)For resume and application tips visit: https://www.usajobs.gov/help/faq/application/documents/resume/what-to-include/
2Cms required documents (e.g., sf-50, dd-214, sf-15, etc.)Required documents may be necessary to be considered for this vacancy announcementClick here for a detailed description of the required documentsFailure to provide the required documentation will result in an ineligible rating or non-consideration.
3College transcriptsSince this position requires specific education, you must submit a transcript attesting to your possession of the required educationYou may submit an unofficial transcript or a list of college courses completed indicating course titles, credit hours, and grades receivedAn official transcript is required if you are selected for the positionIf selected, you must provide an original document before the final job offer may be extendedIf you do not submit a transcript indicating your possession of the required education, you will not be considered for this position.
College transcripts and foreign education: applicants who have completed part or all of their education outside of the u.sMust have their foreign education evaluated by an accredited organization to ensure that the foreign education is comparable to education received in accredited educational institutions in the u.sFor a listing of services that can perform this evaluation, visit the national association of credential evaluation services websiteThis list, which may not be all inclusive, is for informational purposes only and does not imply any endorsement of any specific agency.
If you are applying for a position for which a state license is issued (e.g., physician, engineer, attorney) possession of a valid and current u.sProfessional license by a graduate of a foreign professional school or program is sufficient proof that the foreign education has been determined to be equivalent to the requisite u.sProfessional education in that occupational field.
Please note: submission of a resume alone is not a complete application packageThis position requires the completion of the occupational questionnaire, transcripts and submission of supporting documents, as described under the `required documents` section of this announcementPlease carefully review the complete job announcement and the `Apply Now` instructionsFailure to provide the required information and/or documents will result in you not being considered for employment.
If you are relying on your education to meet qualification requirements:
Education must be accredited by an accrediting institution recognized by the u.sDepartment of education in order for it to be credited towards qualificationsTherefore, provide only the attendance and/or degrees from schools accredited by accrediting institutions recognized by the u.sDepartment 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.
Benefits
Benefits
A career with the u.sGovernment provides employees with a comprehensive benefits packageAs a federal employee, you and your family will have access to a range of benefits that are designed to make your federal career very rewardingOpens in a new windowlearn more about federal benefits.
Review our benefits
Eligibility for benefits depends on the type of position you hold and whether your position is full-time, part-time, or intermittentContact the hiring agency for more information on the specific benefits offered.
Help
This job is open to
Career transition (ctap, ictap, rpl)
Federal employees who meet the definition of a `surplus` or `displaced` employee.
The public
U.sCitizens, nationals or those who owe allegiance to the u.s.
