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Job Details

Actuary

Location
Woodlawn, MD

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Profile

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 an Actuary, GS-1510-11/12, you will apply professional mathematical, statistical, and financial expertise relating to the Medicare, Medicaid, and national health care programs.
Responsibilities
Prepare program rates required by law for health care programs.
Assess proposed legislation affecting health care programs for its costs, impact and actuarial soundness.
Present recommendations and conclusions based on analysis and evaluation of program data.
Develop estimation methodologies and models for historical and projected program operations.
Travel Required
25% or less - You may be expected to travel up to 10% for this position.
Supervisory status
No
Promotion Potential
12
Job family (Series)
1510 Actuarial Science
Similar jobs
Actuaries
Requirements
Requirements
Conditions of Employment
You must be a U.S. Citizen 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.
In order to qualify for the GS-11, you must meet one of the following:
A. I have a PhD or equivalent doctoral degree or 3 years of progressively higher level graduate education leading to a PhD degree in actuarial science, mathematics, statistics, business, finance, economics, insurance, or computer science AND a course of educational study as described in the EDUCATION Requirement paragraph (A) below. (TRANSCRIPT WITH APPLICABLE COURSES REQUIRED AT TIME OF APPLICATION) -OR-
B. I have a combination of education and experience that includes both of the following requirements: (1) one year (52 weeks) of specialized experience equivalent to the GS-09 level within the public or private sector to include: Researching, coordinating, and providing input for segments of annual health care reports utilizing actuarial techniques; Performing actuarial analysis on the development of projections related to the testing of new payments models; AND (2) a course of educational study as described in the EDUCATION Requirement paragraph (A) or (B) below. (TRANSCRIPT WITH APPLICABLE COURSES REQUIRED AT TIME OF APPLICATION) -OR-
C. I have successfully completed three of the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS) examinations, or credit for three of the Joint Board for the Enrollment of Actuaries (JBEA) examinations AND have one year of professional actuarial experience equivalent to at least the GS-09 level within the public or private sector to include: Researching, coordinating, and providing input for segments of annual health care reports utilizing actuarial techniques; Performing actuarial analysis on the development of projections related to the testing of new payments models; AND a course of educational study as described in the EDUCATION Requirement paragraph (B) below. (EDUCATIONAL & SOA/CAS/JBEA 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 education. Please see Required Documents section below for what documentation is required at the time of application.
In order to qualify for the GS-12 , you must meet one of the following:
A. I have listed on my resume at least one year (52 weeks) of qualifying specialized experience equivalent to the GS-11 grade level in the Federal government, obtained in either the private or public sector, to include: Interpreting data or using data to forecast changes to management; Preparing cost estimates and support materials for segments of health care programs for the budget cycle; Working with senior staff to propose estimation methodologies and models for historical and projected program operations; AND a course of educational study as described in the EDUCATION Requirement paragraph (A) or (B) below. (TRANSCRIPT WITH APPLICABLE COURSES REQUIRED AT TIME OF APPLICATION) -OR-
B. I have successfully completed four of the SOA or CAS examinations, or received credit for three of the JBEA examinations AND have one year of actuarial experience, equivalent to the GS-11 level within the public or private sector to include: Interpreting data or using data to forecast changes to management; Preparing cost estimates and support materials for segments of health care programs for the budget cycle; working with senior staff to propose estimation methodologies and models for historical and projected program operations; AND a course of educational study as described in the EDUCATION Requirement paragraph (B) below. (EDUCATIONAL & SOA/CAS/JBEA TRANSCRIPTS REQUIRED AT 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 employment. You will receive credit for all qualifying experience, including volunteer experience.
Education
Education Requirement:
In addition to meeting the qualification requirements, all candidates must have one of the following educational requirements:
A. 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 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. (TRANSCRIPTS WITH APPLICABLE COURSES REQUIRED AT TIME OF APPLICATION)
OR-
B. I have a combination of education and experience that includes both of the following requirements: (a) 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. (TRANSCRIPT WITH APPLICABLE COURSES REQUIRED AT TIME OF APPLICATION)
TRANSCRIPTS are required to verify satisfactory completion of the educational requirement listed above. Please see Required Documents section below for what documentation is required at the time of application.
Click the following link to view the occupational questionnaire: ****Additional information
Bargaining Unit Position:
Yes
Tour of Duty:
Flexible
Recruitment Incentive:
Not Authorized
Financial Disclosure:
Not Required
CMS employees currently participating in 100% Full-Time Telework Program may be eligible to remain in the program. If an employee in this program is selected, the pay will be set in accordance with the locality pay for the applicable duty station. The listed salary range reflects the locality pay assigned to the duty location(s) listed in the vacancy announcement. For 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 vacancies. To be qualified you must submit the required documentation and be rated well-qualified for this vacancy. Click here for a detailed description of the required supporting documents . A well-qualified applicant is one whose knowledge, skills and abilities clearly exceed the minimum qualification requirements of the position. Additional information about ICTAP and CTAP eligibility is on OPM's Career Transition Resources website at ****.
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 selectees. Appointment will be subject to the successful completion of the investigation and favorable adjudication. Failure to successfully meet these requirements may be grounds for appropriate personnel action. In addition, if hired, a reinvestigation or supplemental investigation may be required at a later time. If selected, the Optional Form 306 will be required prior to final job offer. Click 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 numbers. If selected, the Form I-9 will be required at the time of in-processing. Click 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-processing. Click here to obtain a copy of the Standard Form 61 .
Additional selections may be made from this announcement for similar positions within CMS in the same geographical location. For Central Office vacancies, the same geographical location includes Baltimore, Maryland; Bethesda, Maryland; and Washington, D.C.
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 category. Veterans' 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 announcement. If you are found to be among the top qualified candidates, you will be referred to the selecting official for employment consideration. Please follow all instructions carefully. Errors 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 Authority. Selections made under this vacancy announcement will be processed as new appointments to the civil service. Current 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.
Background checks and security clearance
Security clearance
Public Trust - Background Investigation
Drug test required
No
Required Documents
Required Documents
The following documents are REQUIRED:
1. Resume showing relevant experience; cover letter optional . Your resume must indicate your citizenship and if you are registered for Selective Service if you are a male born after 12/31/59. Your resume must also list your work experience and education (if applicable) including the start and end dates (mm/dd/yy) of each employment along with the number of hours worked per week. For 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: ****2. A complete Occupational Questionnaire .
3. College Transcripts. Since this position requires specific education, you must submit a transcript attesting to your possession of the required education. You may submit an unofficial transcript or a list of college courses completed indicating course titles, credit hours, and grades received. An official transcript is required if you are selected for the position. If selected, you must provide an original document before the final job offer may be extended. If 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.S. must 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.S. For a listing of services that can perform this evaluation, visit the National Association of Credential Evaluation Services website. This 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.S. professional 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.S. professional education in that occupational field.
4. Supporting Documents (e.g., SF-50, DD-214, SF-15, etc.). Supporting documents may be required to be considered for this vacancy announcement. Click here for a detailed description of the required supporting documents . Failure to provide the appropriate documentation WILL result in an ineligible rating OR non-consideration.
PLEASE NOTE:
Submission of a resume alone is NOT a complete application package. This position requires the completion of the occupational questionnaire, transcripts and submission of supporting documents, as described under the Required Documents section of this announcement. Please carefully review the complete job announcement and the How to Apply instructions. Failure 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.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.
Benefits
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. Learn 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 intermittent. Contact the hiring agency for more information on the specific benefits offered.

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