Student Trainee (Actuarial Science)
What you'd do
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.
Major duties
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.
What you need to qualify
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 bachelor's 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 Bachelor's 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.
Before you apply
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