Actuary 2 or Actuary 3

This recruitment is open until November 6, 2026, with initial screening on that date. The agency may make a hiring decision at any time after the initial screening date. Requisition 2026-08749.

About the role

The Actuary 2/3 position is within the Rates, Forms, & Provider Networks Division (P&C Actuarial Services) based in Tumwater, Washington. The role applies property and casualty actuarial expertise to protect consumers, promote a fair and competitive insurance marketplace, and support the financial stability of Washington's insurance industry. Responsibilities include evaluating complex rate and rule filings, analyzing insurer reserves and financial conditions, collaborating with insurance companies, financial examiners, legal professionals, and other regulatory partners, leading and mentoring actuarial analysts, supporting regulatory policy and rulemaking, and improving regulatory tools and processes. This is a Washington General Service position.

Responsibilities

• Review and make regulatory decisions on complex property and casualty (P&C) and Title insurance rate and rule filings to ensure compliance with Washington State and applicable federal laws and actuarial standards.
• Conduct independent actuarial analyses to evaluate proposed insurance rates, methodologies, and supporting data to determine whether rates are actuarially justified.
• Perform actuarial analyses of insurer loss reserves, financial statements, and statements of actuarial opinion to support financial examinations and oversight of domestic P&C and Title insurance companies.
• Prepare detailed actuarial analyses, reports, and regulatory correspondence to communicate findings, identify deficiencies, and support sound regulatory decisions.
• Collaborate with insurance company actuaries, financial examiners, financial analysts, and other regulatory partners to resolve filing issues, discuss findings, and strengthen insurance industry oversight.
• Lead, supervise, and mentor actuarial analysts by assigning and reviewing work, providing technical guidance, establishing performance expectations, and supporting professional development.
• Oversee staff performance, workload priorities, training, and development to promote a collaborative team environment and ensure timely, accurate, and high-quality work.
• Manage the Title Statistical Agent contract and oversee the timely and accurate preparation of the annual Title report, including reviewing deliverables, approving invoices, and addressing reporting issues.
• Contribute actuarial expertise to legislative bill analysis, fiscal notes, rulemaking, regulatory guidance, and the development of tools and processes that improve insurance filing efficiency.
• Serve as a technical resource to agency staff, participate in relevant industry and regulatory working groups, and collaborate with appropriate teams to address potential compliance concerns and support consumer protection efforts.

Qualifications

Actuary 2 Level

Required Qualifications:

• Must meet current general U.S. Qualification Standards as published by the American Academy of Actuaries (AAA).
• Associate of the Casualty Actuarial Society (ACAS) AND either:
  • Option A: A bachelor's degree and four (4) years of property & casualty actuarial experience
  • Option B: Seven (7) years of property & casualty actuarial experience

Preferred/Desired Qualifications:

• A Bachelor's degree involving major study in actuarial science, insurance, mathematics, accounting, or other relevant field.
• Current member in the American Academy of Actuaries.
• Intermediate level MS Office Suite skills (Word, Outlook, PowerPoint).
• Expert level of skill with MS Excel.
• Intermediate skill with data and analytics using state-of-the-art tools (e.g., R, Python, SQL, SAS).

Actuary 3 Level

Required Qualifications:

• Must meet current general U.S. Qualification Standards as published by the American Academy of Actuaries (AAA).
• AND either:
  • Option A: Associate of the Casualty Actuarial Society (ACAS) AND either:
    • A bachelor's degree and seven (7) years of property & casualty actuarial experience
    • Eleven (11) years of property & casualty actuarial experience
  • Option B: Fellow of the Casualty Actuarial Society (FCAS) AND either:
    • A bachelor's degree and six (6) years of property & casualty actuarial experience
    • Ten (10) years of property & casualty actuarial experience

Preferred/Desired Qualifications:

• A Bachelor's degree involving major study in actuarial science, insurance, mathematics, accounting, or other relevant field.
• Current member in the American Academy of Actuaries.
• Intermediate level MS Office Suite skills (Word, Outlook, PowerPoint).
• Expert level of skill with MS Excel.
• Intermediate skill with data and analytics using state-of-the-art tools (e.g., R, Python, SQL, SAS).

Benefits

• Comprehensive benefits package: health, dental, vision, retirement, paid leave (vacation, sick, etc.)
• Supportive work environment valuing diversity, professional growth, and collaborative atmosphere
• Wellness programs with on-site resources and initiatives
• Work-life balance: flexible schedules with telework opportunities
• Public service fulfillment
• Training & Development: tuition reimbursement, Public Service Loan Forgiveness, and other programs
• Free parking (Tumwater) & Public transportation pass (Thurston County)

Additional benefits details: https://www.insurance.wa.gov

Pay

• Actuary 2 Level: $9,478 – $12,742 per month
• Actuary 3 Level: $12,129 – $16,317 per month

Wage/salary depends on qualifications or state rules of compensation (if currently a state employee). This position is represented by the Washington Federation of State Employees (WFSE).

Schedule

Flexible schedules with telework opportunities.

Additional Information

• State law (RCW 48.02.090[5]) prohibits employees of the OIC from having any interest, directly or indirectly, in an insurance company other than as a policyholder, including receipt of renewal commissions.
• Background check including criminal record history will be conducted prior to hire; results will be considered in determining suitability.
• If claiming veteran status, send DD 214 to recruitment@oic.wa.gov with "Actuary 2 or 3 2026-08749" in the subject line (do not attach to application materials; black out personally identifiable data such as SSN).
• Reasonable accommodation in the application process: contact Recruitment@oic.wa.gov. Hearing impairment accommodation: Washington Relay Service at 1-800-676-3777 or www.washingtonrelay.com.
• Technical difficulties with application: call toll-free (855) 524-5627.