Student Trainee (Actuarial Science)
Washington, DC - USA
Job Summary
This position is being filled under the for Post-Secondary Intern Hiring Authority.
The Office of Personnel Management (OPM) invites students to apply to our Intern positions. The ideal candidates are seeking a bachelor or graduate degree and demonstrate innovation and self-initiative. You will have an opportunity to train and develop your skills in career fields such as policy healthcare or insurance and have a positive impact on the people and communities that OPM serves.
What You May Be Doing: As a Student Trainee you will have the opportunity to participate in a variety of tasks and projects. Some of the responsibilities you may undertake include:
- Assist actuaries with actuarial valuations supporting Federal retirement health life and benefits programs.
- Support preparation of materials and data used in premium negotiations and actuarial evaluations.
- Prepare data supporting actuarial liability determinations and financial reporting activities.
- Conduct technical actuarial research and analytical studies supporting policy recommendations.
- Analyze routine actuarial issues and present findings to higher-graded actuaries.
- Create complete documentation describing methods analyses and results of assignments.
- Compile organize and perform quality checks on program experience and demographic data.
- Assemble reference materials data files and supporting documentation for actuarial projects.
- Conduct literature searches and gather reference materials to support actuarial studies and research.
- Prepare summaries of data sources methods and results for review by senior actuaries.
- Citizenship: Must be a U.S. Citizen or National
- Selective Service: Males born aftermust be registered for the Selective Service.
- Age: You must be at least 16 years of age
- Background Investigation: Must be suitable for Federal employment as determined by a background investigation.
- Trial/Probationary Period: Selectee may have to complete a trial/probationary.
- Candidates will not be hired based on their race sex color religion or national origin
- You will be required to report to an OPM assigned office.
- This position is not eligible for inclusion in a bargaining unit
For the GS-5 Grade Level: You must have one year of specialized experience equivalent to at least the GS-04 level in the Federal service (or equivalent) performing all of the following: Compiling data using spreadsheets databases or similar analytical tools; Reviewing reference materials records or supporting documentation for studies reports or projects; AND Preparing written summaries reports or documentation that communicate methods findings or results for review by others.
OR
Completion of 4 academic years of post-high school leading to a bachelors degree or equivalent degree.
OR
I have a combination of the experience described in Response A and college education described in Response B above which when combined are equivalent to 100% of the qualifications requirement.
For the GS7 Grade Level: You must have one year of specialized experience equivalent to at least the GS-05 level in the Federal service (or equivalent) performing all of the following: Analyzing and interpreting quantitative data to support studies evaluations forecasts or business decisions; Applying mathematical statistical financial actuarial methods to develop calculations projections or recommendations; Evaluating information from multiple sources to support technical reports analyses or program decisions; AND Preparing analytical reports summaries or documentation that explain methodologies findings and recommendations to stakeholders or management.
OR
I have one full academic year of graduate-level education in a field which demonstrates the knowledge skills and abilities necessary to do the work of the position such as actuarial science mathematics business finance economics or computer science or another related field.
OR
I have a Bachelors degree with Superior Academic Achievement as described in the announcement.
OR
I have an equivalent combination of education and specialized experience that together meet 100% of the qualification requirements for this position.
To meet the Post-Secondary Intern Eligibility requirements you must be currently enrolled in or accepted for enrollment in and pursuing a baccalaureate or graduate degree on at least a part-time bases as determined by the academic institution.
All education must be obtained at an accredited institution recognized by the U.S. Department of Education in order for it to be credited towards qualifications (particularly positions with a positive education requirement.) Therefore applicants must report only attendance and/or degrees from schools accredited by accredited institutions recognized by the U.S. Department of Education. Applicants may verify accreditation at the following website: Accreditation. All education claimed by applicants will be verified by OPM accordingly.
You must meet all qualification and eligibility requirements by the closing date of this announcement.
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; religious; 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.
Candidates should be committed to improving the efficiency of the Federal government passionate about the ideals of our American republic and committed to upholding the rule of law and the United States Constitution.
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. Opens in a new windowLearn more about federal benefits.
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 Experience:
Intern