Actuary - Direct Hire

Internal Revenue Service
Downers Grove, IL, United States
Permanent
Full-time
Part-time
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Duties

WHAT IS THE T AX EXEMPT AND GOVERNMENT ENTITIES (TEGE) DIVISION?

A description of the business units can be found at :

Vacancies will be filled in the following specialty areas :

Tax Exempt and Government Entities Employee Plans, Rulings and Agreement, Technical (7570)

The following are the duties of this position at the full working level.

Analyzes unusually difficult and extremely complex problems regarding tax liability under the Internal Revenue Code involving the valuation of complex life estates and remainder interests to determine estate, gift, and income tax liability or involving qualification for tax exemption of pension, annuity, profit sharing and stock bonus plans and trust;

and the deduction from income tax of employer contributions under such plans.

Actuaries performing pension work also analyze difficult and complex matters related to issues and requests for rulings pertaining to the requirements under the Employee Retirement Income Security Act of 1974 (ERISA), such as minimum funding standards, plan mergers and changes of actuarial funding methods.

Prepares actuarial determinations for the use of various TE / GE employees, other business unit employees, taxpayers and their representatives, Department of Justice, Chief Counsel, and the Department of Treasury on matters involving important questions of interpretation or complex actuarial problems.

Assists in the development of the actuarial tables published by the Service in administering the estate and gift tax, pension, and income tax provisions of the Code.

Develops new techniques, formulas, and procedures for the solution of complex actuarial problems.

Requirements

Conditions of Employment

Must be a U.S. Citizen or National and provide proof of U.S. Citizenship. (Birth certificate showing birth in the U.S; Unexpired U.

S. Passport; Certificate of Citizenship or Naturalization; or Report of Birth Abroad of a U.S. Citizen (Form FS-240))

Qualifications

Federal experience is not required. The experience may have been gained in the public sector, private sector or One year of experience refers to full-time work;

part-timework is considered on a prorated basis. To ensure full credit for your work experience, please indicate dates of employment by month / year, and indicate number of hours worked per week, on your resume.

You must meet the following requirements by the closing date of this announcement :

BASIC REQUIREMENTS (All Grades) : You must 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.

A combination of education and experience that includes BOTH of the following requirements :

1) Technical work experience in actuarial support work or in mathematics, AND

2) 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.

In addition to meeting the basic requirement above, to qualify for this position you must also meet the qualification requirements listed below :

SPECIALIZED EXPERIENCE FOR GS-14 : You must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-13 grade level in the Federal service.

Specialized experience for this position includes experience that is related to the work of this position and has provided you with the competencies required for successful job performance.

Qualifying experience demonstrates a wide range of experience of actuarial requirements and techniques pertinent to the work of an actuary, experience working in an accounting firm or an actuarial consulting firm where you analyzed employee plans and completed valuations in order to advise management on the required funding contribution and deductible limits in regards to employee plans, and experience giving presentations and / or instruction on actuarial requirements for employee plans to professionals within the actuarial community.

Additional qualifying experience is experience performing pension work, analyzing difficult and complex matters related to issues and requests for rulings pertaining to the requirements under the Employee Retirement Income Security Act of 1974 (ERISA), such as minimum funding standards, plan mergers and changes of actuarial funding methods.

For more information on qualifications please refer to .

Education

For positions with an education requirement, or if you are qualifying for this position by substituting education or training for experience, submit a copy of your transcripts or equivalent.

An official transcript will be required if you are selected.

A college or university degree generally must be from an accredited (or pre-accredited) college or university recognized by the U.

S. Department of Education. For a list of schools which meet these criteria, please refer to .

FOREIGN EDUCATION : Education completed in foreign colleges or universities may be used to meet the requirements. You must show proof the education credentials have been deemed to be at least equivalent to that gained in conventional U.

S. education program. It is your responsibility to provide such evidence when applying. Click (Section 3, Explanation of Terms) or for Foreign Education Credentialing instructions.

Additional information

  • A 1-year probationary period is required. Note : Current Federal employees may be required to serve a new probationary period (5 CFR 315.802(b)).
  • Have your salary sent to a financial institution of your choice by Direct Deposit / Electronic Funds Transfer.
  • We may select from this announcement or any other source to fill one or more vacancies. Additional jobs may be filled.
  • Applicants will be referred as vacancies become available based on date of application.
  • This is a bargaining unit position.
  • Tour of Duty : Day Shift - Start and stop times between 6 : 00 a.m. and 6 : 00 p.m.
  • Alternative work schedule, staggered work hours or telework may be available.
  • In the event that a building is closed due to rent management, new hires may be placed in a local commuting location.
  • Telework Eligible Positions : Telework eligible positions do not guarantee telework. Employees must meet and sustain IRS telework eligibility requirements (e.

g., reporting at least twice a pay period to your assigned Post of Duty (POD) ) and supervisor's approval to participate in the IRS Telework Program.

Employees must also be within a 200-mile radius of their official assigned post-of-duty (POD) while in a telework status.

As a reminder - If you are selected for a position, you are responsible for reporting to your designated POD (location) on the negotiated start date or as directed by management.

  • Relocation expenses - No
  • Obtain and use a Government-issued charge card for business-related travel.
  • If this position is designated as hard to fill and you were referred by an IRS employee, the employee may be eligible to receive a bonus for referring you under The Employee Referral Bonus Program (ERBP) , recruiting strategy.
  • The use of a web cam or camera application for interview is highly recommended, but not required.

For more information regarding Union Representation click

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. .

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.

Required Documents

The following documents are required and must be provided with your application. All application materials, including transcripts, must be in English.

  • Online Application - Questionnaire
  • Education - See Education Section above
  • Registration / License (If Applicable) - active, current registration / license
  • High School Diploma (or equivalent) - If you are 16 or 17 years of age, you MUST submit documentation of graduation from high school (or equivalent);

OR completion of a formal vocational training program; OR statement from school authorities agreeing with your decision to pursue employment rather than continuing your education.

Please note that if you do not provide all required information, as specified in this announcement, you may not be considered for this position (or may not receive the special consideration for which you may be eligible).

How to Apply

This Direct Hire Public Notice is to gather applications that may or may not result in a referral or selection. Your application will remain active through the open period of this Public Notice.

Applicants will be referred on a first in, first out basis. Those applicants who are applying earlier in the process will stand a much better chance of being referred for consideration in the selection process.

The following instructions outline our application process. You must complete this application process and submit any required documents by 11 : 59 p.

m. Eastern Time (ET) on 11 / 04 / 2024 in this announcement. We are available to assist you during business hours (normally 8 : 00 a.

m. - 4 : 00 p.m. ET, Monday - Friday). If applying online poses a hardship, please contact us by noon ET on 11 / 04 / 2024.

To preview the Application Questionnaire, please click the following link :

  • To begin the application process, click the "Apply Online" button.
  • You will be re-directed to USA STAFFING to complete your application process; answer the online questions and submit all required documents.

To submit supporting documents, import documents from USAJOBS to the appropriate document types. If the document you need was not imported from USAJOBS, you may upload it directly into this application.

To protect your privacy, we suggest you first remove your SSN).

To complete , you must click the "Submit Application" button prior to 11 : 59 PM (ET) on 11 / 04 / 2024.

To update your application, including supporting documentation, at any time during the announcement open period, return to your USAJOBS account ().

There you will find a record of your application, the application status, and an option to Update Application. This option will no longer be available once the announcement has closed.

To verify the status of your application both during and after the announcement open period, log into your USAJOBS account : .

All of your applications will appear on the Welcome page. The application record in your USAJOBS account provides an Additional Application Information page that provides information regarding the documentation you submitted and any correspondence we have sent related to this application.

The Application Status will appear along with the date your application was last updated. For information on what each Application Status means, visit : .

Are you unsure how to write your federal resume? We are here to help. The Treasury Recruitment Service regularly offers Writing Your Federal Resume training sessions, and other career-related information sessions, to assist you in your career search journey.

To register for a session, to go to our Career Information Sessions webpage.

Agency contact information

IRS Austin External

Email

Address

TEGE - Employee Plans

1111 Constitution Ave NW

Washington, DC 20224

Next steps

Treasury believes in a working environment that supports inclusion; to review reasonable accommodation policies and procedures please visit .

We provide reasonable accommodation to applicants with disabilities on a case-by-case basis; contact us if you require this for any part of the application and hiring process.

Once your application package and online questionnaire is received you will receive an acknowledgement email. You are responsible for checking status updates and notifications in USAJOBS.

Hard copy notifications will not be sent to you. You may check the status of your application for this position at any time by logging onto the USAJOBS "My Account" tab and clicking on "Application Status.

For a more detailed update of your application status, you may click on "more information." Please notify us if your contact information changes after the closing date of the announcement.

If your email mailbox is full or blocked (SPAM) you may not receive important communication that could affect your consideration for this position.

Fair & Transparent

The Federal hiring process is set up to be fair and transparent. Please read the following guidance.

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