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.

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.