Actuary

Company: Department Of The Treasury
Location: Boston
Posted on: June 12, 2021

Job Description:

• Duties

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Duties

Summary

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

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Responsibilities

WHAT IS THE LARGE BUSINESS AND INTERNATIONAL DIVISION?

A description of the business units can be found at: https://www.jobs.irs.gov/about/who/business-divisions

The following are the duties of this position at the full working level. If you are selected at a lower grade level, you will have the opportunity to learn to perform these duties and will receive training to help you grow in this position.

• Analyzes unusually difficult and complex actuarial problems and issues involved in tax law, rulings, and court case decision in determinations of tax liability under the Internal Revenue Code in a number of areas of taxation, including valuation of complex insurance reserves and the tax implications in acquisitions, reorganizations, and liquidations.
• Represents the Service in conferences with taxpayers, their legal representatives, representatives of the insurance industry and actuarial consultants on proposed tax issues and procedures and problems of common interest, and proposes solutions to highly technical problems that arose in connection with issues that are not adequately covered by the laws, regulations and revenue rulings.
• Travels to various sites throughout a specified geographical area, and, as a member of the examination team, conducts specific and in-depth audit work in areas commensurate to his/her expertise, serves as a consultant to examiners concerning audit approaches, studies, and research techniques relating to actuarial methods used by the taxpayer, and provides service as an expert witness in tax litigation cases involving insurance issues.
• Develops text material for training manuals, position papers on complex actuarial policy issues, technical portions of regulations, and rebuttals to taxpayers' position issues that are unresolved.

Travel Required

25% or less - You may be expected to travel for this position.

Supervisory status

No

Promotion Potential

15

• Job family (Series)

1510 Actuarial Science

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• Actuaries

• Requirements

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Requirements

Conditions of Employment

• Must be a U.S. Citizen or National.
• A 1-year probationary period is required.
• Have your salary sent to a financial institution of your choice by Direct Deposit/Electronic Funds Transfer.
• Undergo an income tax verification and review of prior performance/conduct.
• Must successfully complete a background investigation, including a FBI criminal history record check (fingerprint check).
• Complete a Declaration for Federal Employment to determine your suitability for Federal employment, at the time requested by the agency.
• If you are a male applicant born after December 31, 1959, certify that you have registered with the Selective Service System or are exempt from having to do so.
• Go through a Personal Identity Verification (PIV) process that requires two forms of identification from the Form I-9. Federal law requires verification of the identity and employment eligibility of all new hires in the U.S. These documents must be unexpired original or certified copies

.-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))

• The employment of any candidate, including a current employee or a new hire, selected for this position may be conditional upon classification and/or audit of federal tax returns. This audit may include up to 2 years of returns.
• File a Confidential Financial Disclosure Report within 30 days of appointment and annually from then on.
• Obtain and use a Government-issued charge card for business-related travel.

OTHER INFORMATION

• This is a non-bargaining unit position.
• Tour of Duty: Monday - Friday 8:00am to 4:30pm
• Alternative work schedule, staggered work hours or telework may be available; Must meet IRS telework eligibility requirements.
• We may select from this announcement or any other source to fill one or more vacancies. Additional jobs may be filled.
• The anticipated start date is To Be Determined
• Relocation expenses - No

Qualifications

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.

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

GS-15 SPECIALIZED EXPERIENCE:

In addition to meeting the basic requirements, you must have 1 year of specialized experience at a level of difficulty and responsibility equivalent to the GS-14 grade level in the Federal service. Specialized experience for this position includes: A wide range of experience with actuarial & accounting requirements, processes and techniques pertinent to the statutory and tax valuation of life insurance and annuities and reserves and the Federal income tax examinations of life insurance companies; experience working in a life insurance company, an accounting firm, or an actuarial consulting firm, or in the public sector, where you were involved in the preparation and/or audit of the 1120L tax return, and in particular, life insurance, annuity or other reserves; experience preparing written and/or oral presentations for clients, taxpayers, other actuaries, auditors, professional consultants, counsel and management that demonstrate expertise relating to state and tax laws, regulations, and rulings, and actuarial and accounting principles applicable to life insurance companies.

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-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.

For more information on qualifications please refer to OPM's Qualifications Standards.

Education

EDUCATION DOCUMENTATION

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 Department of Education Accreditation page.

If you are qualifying based on foreign education, you must submit proof of creditability of education as evaluated by a credentialing agency. Refer to the OPM instructions.

Keywords: Department Of The Treasury, Boston , Actuary, Other , Boston, Massachusetts