Summary This position is located in the Pension Benefit Guaranty Corporation's (PBGC), Office of Negotiations and Restructuring (ONR), Negotiations and Restructuring Actuarial Department (NRAD). More than one selection may be made from this vacancy announcement. Responsibilities The candidate selected for this position will: Formulate and conduct complex studies of major corporations, unions and industries with respect to their unique, intricately structured pension plans in order to assess and make recommendations related to their impact on PBGC. Participate in the review of applications from multiemployer pension plan sponsors for benefit suspension, plan partitions, facilitated mergers, and special financial assistance. Participate, as needed, in the determination of contingent liabilities included in PBGC's Financial Statement for both single-employer and multiemployer plans. Develop actuarial models for projecting pension plan assets and liabilities, cash flows, and contribution requirements, and test their sensitivity to changes in projection assumptions, benefit levels and contribution schedules. Participate with the Chief Negotiating Actuary in developing policies, procedures, and standard techniques for application to the actuarial work of the department and to support other required quantitative analyses. Plan and direct contract actuaries, perform a variety of pre-award and post award activities; accept or reject invoices submitted by the Contracting Officer, and serve as Contracting Officer's Representative (COR). Requirements Conditions of Employment Qualifications All qualification and eligibility requirements must be met by the announcement closing date. Specialized Experience: Applicants must have at least one year of specialized experience at the GS-13 grade level in the Federal service or equivalent to the GS-13 grade level in the private sector applying actuarial concepts, principles, practices and procedures as they pertain to employee pension plans, the Employee Retirement Income Security Act (ERISA), and the Internal Revenue Code (IRC). Examples include performing actuarial valuations of defined benefit plans, certification of zone status of multiemployer pension plans under IRC Sec 432, preparation of applications for submission to the Special Financial Assistance Program created by the American Rescue Plan Act of 2021, performing actuarial calculations for defined benefit pension plans in support of Annual Financial and/or Actuarial Information Reporting (Form 4010), Notice of Single-Employer Plan Termination (Form 601), Notice of Failure to Make Required Contributions (Form 200) and/or Annual Return/Report of Employee Benefit Plan for pension plans (Form 5500) filings; calculating minimum funding contributions and benefit liabilities for pension plans; and reviewing and analyzing other actuaries' calculations to determine their accuracy and resolving any discrepancies. 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 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. Note: An Enrolled Actuary (EA), an Associate of the Society of Actuaries (ASA) or a Fellow of the Society of Actuaries (FSA) credential is preferred but not required Education In order to qualify for this position, you must possess the following education: 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. In addition, the following actuarial credentials are desired, but not required: Associate of Society of Actuaries (ASA), Enrolled Actuary (EA), and/or Fellow of the Society of Actuaries (FSA) 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. Additional Information Interagency Career Transition Assistance Programs: These programs apply to employees who have been involuntarily separated from a Federal service position within the competitive service or Federal service employees whose positions have been deemed surplus or no longer needed. To receive selection priority for this position, you must: 1) meet CTAP or ICTAP eligibility criteria; 2) be rated well-qualified for the position with a score of 80 or above based on the competencies listed above (which is equivalent to PBGC’s “Silver” quality category); and 3) submit the appropriate documentation to support your CTAP or ICTAP eligibility. For more information visit: Interagency Career Transition Assistance Programs. If you believe that you have been subjected to discrimination, you may contact the PBGC Office of Equal Employment Opportunity (OEEO): OEEO Main Office Phone: 202-229-4363 Email: EEO@PBGC.gov