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Actuary (Entry-Level) at U.S. Department of Defense

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Employer: U.S. Department of Defense – Department of Defense

Expires: 06/04/2020

The DoD Office of the Actuary (OACT) provides actuarial expertise on all matters relating to military compensation and benefits. OACT performs annual valuations of the military retirement system, education benefits under the Montgomery G. I. Bill, health care for the military retired population, and the Voluntary Separation Incentive program. These valuations include projecting personnel, pay, and benefits, and calculating annual DoD contribution costs, as well as determining program unfunded liabilities and their amortizations.Apply through the external application link.GS-07Following established procedures, making actuarial calculations to be used, for example, in preparing cost estimates of proposed changes in retirement or medical programs.Deriving and applying routine actuarial formulas to obtain rates and values for various plans such as medical and retirement.Conducting supplementary studies of limited scope related to broad studies being conducted by higher-level professional staff.GS-09Assisting in actuarial studies, analyses, and computations in support of DoD military retirement, survivor, and benefit programs.Investigating specialized areas of actuarial science such as determination of normal costs, amortization schedules, and unfunded liabilities for military post-retirement benefits following general guidelines set by actuarial supervisors.Analyzing actuarial data from military benefits to assure validity, accuracy, and correctness and recommending methods of applying the data to obtain desired results.Assisting in the preparation of special studies involving the calculation of actuarial present values, projections of future flows of funds, or interpretations of laws affecting military fringe benefits.Participating in the preparation of DoD financial statements and assists Chief Actuary in liaisons with DoD Inspector General and U.S. General Accounting Office.The incumbent is expected to attain a knowledge of the data files and computer programs used by the actuarial staff.