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Are you looking for a Actuary? We suggest you consider a direct vacancy at Internal Revenue Service in Glendale. The page displays the terms, salary level, and employer contacts Internal Revenue Service person

Job opening: Actuary

Salary: $122 198 - 186 629 per year
City: Glendale
Published at: Feb 06 2024
Employment Type: Full-time
Click on "Learn more about this agency" button below to view Eligibilities being considered and other IMPORTANT information. WHERE CAN I FIND OUT MORE ABOUT OTHER IRS CAREERS? Visit us on the web at www.jobs.irs.gov.

Duties

WHAT IS THE TAX EXEMPT/GOVERNMENT ENTITIES DIVISION? A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions Vacancies will be filled in the following specialty areas: Tax Exempt and Government Entities Employee Plans, Rulings & Agreement. The following are the duties of this position at the full working level. If this vacancy includes more than one grade and you are selected at a lower grade level, you will have the opportunity to learn to perform these duties and receive training to help you grow in this position. 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

Qualifications

Federal experience is not required. The experience may have been gained in the public sector, private sector or Volunteer Service. One year of experience refers to full-time work; part-time work 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 REQUIREMENT : 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. OR 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. OR Successful 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 accredited 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: GS-14 LEVEL: 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 is experience that demonstrates a wide range of knowledge 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. AND MEET TIME IN GRADE (TIG) REQUIREMENT: You must meet applicable TIG requirements to be considered eligible. To meet TIG for positions above the GS-05 grade level, you must have served at least one year (52 weeks) at the next lower grade (or equivalent) in the normal line of progression for the position you are applying to. Advancement to positions up to GS-05 is permitted if the position to be filled is no more than two grades above the lowest grade held within the preceding 52 weeks. AND TIME AFTER COMPETITIVE APPOINTMENT: By the closing date (or if this is an open continuous announcement, by the cut-off date) specified in this job announcement, current civilian employees must have completed at least 90 days of federal civilian service since their latest non-temporary appointment from a competitive referral certificate, known as time after competitive appointment. For this requirement, a competitive appointment is one where you applied to and were appointed from an announcement open to "All US Citizens". For more information on qualifications please refer to OPM's Qualifications Standards.

Education

A copy of your transcripts or equivalent documentation is required for positions with an education requirement, or if you are qualifying based on education or a combination of education and experience. An official transcript will be required if you are selected. If the position has specific education requirements and you currently hold, or have previously held, a position in the same job series with the IRS, there is no need to submit a transcript or equivalent at this time. Applicants are encouraged, but are not required, to submit an SF-50 documenting experience in a specific series.

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 Department of Education Accreditation page.

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 here for Foreign Education Credentialing instructions.

Contacts

  • Address TEGE - Employee Plans 1111 Constitution Ave NW Washington, DC 20224 US
  • Name: (ERC) Employee Resource Center
  • Phone: 866-743-5748

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