Supervisory Actuary

Summary

This position is located in the Office of Management (OM), Office of Actuarial Services (OAS). Under the direction of the Executive Director of Actuarial Services (VA's Chief Actuary), OAS is responsible for developing, monitoring, and updating actuarial models to support the mission of ensuring maximum transparency and accountability with respect to actuarial benefit liabilities reported in VA's audited financial statements.

Duties

Major Duties Include but are not limited to: Responsible for developing, implementing, and managing the annual actuarial project plan for an assigned portfolio of benefit programs and models. Coordinates with several teams within VA, encompassing Finance, Legal, Benefit Administration Operations, and IT. Plan, organize, analyze, and manage recent financial experience and prepare estimates of future experience based on general, economic, and demographic assumptions using a variety of actuarial techniques. Present cogent conclusions, findings, and recommendations accepted as authoritative by program officials. Plan and execute a variety of projects and make authoritative and final decisions requiring considerable technical and administrative adjustment. Plan, coordinate, and evaluate new estimation methodologies and model enhancements in collaboration with other OAS actuaries. Completes annual Continuing Education (CE) requirements by attending at least one meeting per year sponsored by an actuarial professional organization, and by staying current with professional reading and webinars, including review of relevant Actuarial Standards of Practice, to maintain Qualified Actuary status, per the American Academy of Actuaries' U.S. Qualification Standards. Exercises supervisory authority and responsibility involving highly technical and analytical work assignments, as well as the administrative and personnel management functions of the staff supervised. Identifies opportunities to improve efficiencies, productivity, and or quality of the models and studies directed. Performs other related duties as assigned. Work Schedule: Monday - Friday 8:00 am - 4:30 pm Telework: Ad-hoc telework (situational telework) available as determined by the agency policy. Virtual: This is not a virtual position. Position Description Title/PD#: Supervisory Actuary/PD005470 Relocation/Recruitment Incentives: Authorized for highly qualified candidates Financial Disclosure Report: Not required Physical Requirements: The work is principally sedentary; however, a moderate amount of walking is required in a large office building and when meetings are in different office buildings. Work may require walking and standing in conjunction with travel to and attendance at meetings and conferences away from the work site. Infrequent travel is required.

Qualifications

To qualify for this position, applicants must meet all requirements by the closing date of this announcement. Selective Placement Factor: This position includes a skill, knowledge, ability or other worker characteristic basic to -and essential for- satisfactory performance of the job. Selective Placement Factors are a prerequisite to appointment and represent minimum requirements for a position. Applicants who do not meet it are ineligible for further consideration. Evidence of the Selective Placement Factor must be reflected in your resume. The Selective Placement Factor for this position is: Must have obtained one of the following actuarial credentials from the Society of Actuaries (SOA): Associate of the Society of Actuaries (ASA) or Fellow of the Society of Actuaries (FSA), as evidenced by an official transcript and certificate or by the applicant's presence in The Actuarial Directory. AND Must have a minimum number of years of relevant health actuarial experience (fifteen (15) years for Supervisory Actuary, GS-15). Individual Occupational Requirements GS-15 or Equivalent Grade Level: Paragraph A. One year of actuarial experience equivalent to the next lower grade level GS-14; AND 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. 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. You must also qualify based on your experience as described below: Specialized Experience: GS-15 grade level: One year of specialized experience (equivalent to the GS-14 grade level in the federal service); experience that equipped the applicant with the particular knowledge, skills and abilities (KSA's) and other characteristics to perform successfully the duties of the position, and that is typically in or related to the work of the position to be filled, in the normal line of progression for the occupation in the organization. Specialized experience includes: Experience preparing complex actuarial analyses, and presenting financial impacts and recommendations to leadership, auditors, and other stakeholders. Extensive experience independently developing, maintaining, and enhancing actuarial models used to estimate medical claim liabilities, including Incurred but Not Reported (IBNR) reserves, incurred claims forecasts, and other benefit liabilities. Experience in a supervisory role involving highly technical and analytical work assignments, including the administrative and personnel management functions of the staff supervised (including performance plans and performance reviews), preparing and maintaining detailed project plans, assigning work, and reviewing work. Expert knowledge and experience in modeling large health care program data to determine components of trend (e.g., utilization, fee increases, demographic changes, provider billing changes, new treatments, coverage changes, etc.). Experience with health risk adjustment methodologies that incorporate age, sex, diagnoses, and other risk factors to estimate impacts on healthcare utilization and expected expenditures. Experience providing technical review of actuarial models, analyses, and code, ensuring compliance with actuarial standards, federal financial requirements, and appropriate documentation controls. There is no educational substitution for the GS-15 level. 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; religions; 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. Local Commuting Area by Location: The local commuting area for this position is defined as a radius of 50 miles from Washington, DC. This includes all locations that fall within a 50 mile driving distance from 810 Vermont Ave NW, Washington, DC 20420.

Education

Note: Only education or degrees recognized by the U.S. Department of Education from accredited colleges, universities, schools, or institutions may be used to qualify for Federal employment. You can verify your educati