Actuary 2 or Actuary 3

Description This recruitment will remain open until November 6, 2026. The agency reserves the right to make a hiring decision at any time after the initial screening date on November 6, 2026. It is in the applicant’s best interest to submit materials as soon as possible. Make a Difference: Protect Consumers & Join Our Dynamic Team! The Office of the Insurance Commissioner (OIC) seeks a qualified individual for the Actuary 2 or Actuary 3 position. This role is within the Rates, Forms, & Provider Networks Division (P&C Actuarial Services) and is based out of our Tumwater Office .

We are an employer of choice! Here’s why:

• Meaningful work: Ensure a healthy insurance market & protect Washington consumers.
• Impactful career: Make a daily difference in the lives of countless Washingtonians.
• Small agency, big opportunities: Gain a holistic understanding of our mission and build strong relationships with colleagues.
• Diversity, equity, and inclusion: OIC is committed to ensuring that all employees enjoy a respectful, safe, and supportive working environment - by fostering the inclusion of people from all backgrounds, cultures, and attributes.

About The Position The Actuary 2/ Actuary 3 position offers an opportunity to put actuarial expertise to work for the public good. As part of the Washington State Office of the Insurance Commissioner (OIC) , this position plays a critical role in protecting consumers, promoting a fair and competitive insurance marketplace, and supporting the financial stability of Washington’s insurance industry. By combining technical actuarial expertise, regulatory oversight, and team leadership, the Actuary 2/ Actuary 3 helps ensure that insurance rates are actuarially sound, legally compliant, and supported by appropriate data and analysis.

This position offers a unique opportunity to apply property and casualty actuarial knowledge beyond traditional insurance business objectives and make a meaningful difference in the lives of Washington residents. Responsibilities include evaluating complex rate and rule filings, analyzing insurer reserves and financial conditions, and collaborating with insurance companies, financial examiners, legal professionals, and other regulatory partners to address emerging issues and strengthen consumer protections. The position also leads and mentors actuarial analysts, supports regulatory policy and rulemaking, and helps improve the tools and processes that make insurance regulation more effective and efficient.

For an experienced actuary seeking to broaden their impact, this role offers the opportunity to take on complex analytical challenges, exercise independent professional judgment, develop others, and contribute to decisions that affect the insurance marketplace statewide. By bringing rigorous analysis, sound actuarial principles, and a commitment to public service together, the Actuary 2/ Actuary 3 helps advance the OIC’s mission to protect consumers, the public interest, and Washington’s economy through fair and efficient regulation of the insurance industry.

This recruitment may be used to establish a qualified pool of candidates for Actuary 2 or 3 vacancies in the next sixty days. This is a Washington General Service position. The monthly salary range for this position is:

Actuary 2 Level: $9,478 - $12,742 Actuary 3 Level: $12,129 - $16,317 Benefits & Perks

• Comprehensive benefits package: Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more!
• Supportive work environment: We value diversity, professional growth, and collaborative atmosphere.
• Wellness programs: Invest in your well-being with on-site resources and initiatives.
• Work-life balance: Flexible schedules with telework opportunities.
• Public service fulfillment: Contribute to a cause that matters and feel the satisfaction of serving the public good.
• Training & Development: Continuously learn and grow with tuition reimbursement, Public Service Loan Forgiveness, and other programs.
• Free parking (Tumwater) & Public transportation pass (Thurston County): Save on commuting costs.
• And more! Explore our website for additional benefits: https://www.insurance.wa.gov

Duties

The duties of the position include but are not limited to:

• 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.

Contact Us : For inquiries about this position and its full duties, please contact us at [email protected] and add the requisition number 2026-08749 and the job name to the subject line of your email.

Qualifications At the 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

OR

• 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)

Required Qualifications: At the Actuary 3 Level:

• 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

OR

• Eleven (11) years of property & casualty actuarial experience

OR Option B:

• Fellow of the Casualty Actuarial Society (FCAS)

AND EITHER:

• A bachelor’s degree and six (6) years of property & casualty actuarial experience

OR

• 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)

Ready to join us? Learn more about the OIC by visiting our website. We encourage you to check out our video below and listen to what our employees have to say about working here!

Welcome to the OIC

Submit your application today and take the first step towards a rewarding career at the OIC!

Cover Letter: Required

Resume: Required

Supplemental Information

• This position is represented by the Washington Federation of State Employees (WFSE).
• Wage/salary depends on qualifications or state rules of compensation (if currently a state employee).
• 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. This prohibition includes the receipt of renewal commissions. If employment is accepted with this agency, you agree to abide by this state law.
• Prior to a new hire, a background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the applicant’s suitability and competence to perform in the position.
• If claiming veteran status, please send your DD 214 to [email protected] with Actuary 2 or 3 2026-08749 in the subject line. Please do not attach the DD 214 to your application materials. Please black out personally identifiable data such as social security numbers.
• The Office of Insurance Commissioner is an equal opportunity employer, does not discriminate on the basis of age, sex, marital status, sexual orientation, race, creed, color, national origin, honorably discharged veteran or military status, or the presence of any sensory, mental, or physical disability or the use of a trained service animal by a person with a disability. Persons requiring reasonable accommodation in the application process or requiring information in an alternative format may contact the recruitment team at [email protected]. Those with a hearing impairment in need of accommodation are encouraged to contact the Washington Relay Service at 1-800-676-3777 or www.washingtonrelay.com.
• If you are having technical difficulties creating, accessing (log in, password or email issues) or completing your application (error messages), please call toll-free at (855) 524-5627.
• Contact us: For inquiries about this position, please contact us at [email protected].

More than Just a Paycheck! Employee benefits are not just about the kind of services you get, they are also about how much you may have to pay out of pocket. Washington State offers one of the most competitive benefits packages in the nation.

We understand that your life revolves around more than just your career. Like everyone, your first priority is ensuring that you and your family will maintain health and financial security. That's why choice is a key component of our benefits package. We have a selection of health and retirement plans, paid leave, staff training and other compensation benefits that you can mix and match to meet your current and future needs.

Read About Our Benefits: The following information describes typical benefits available for full-time employees who are expected to work more than six months. Actual benefits may vary by appointment type or be prorated for other than full-time work (e.g. part-time); view the job posting for benefits details for job types other than full-time. Note: If the position offers benefits which differ from the following, the job posting should include the specific benefits. Insurance Benefits Employees and their families are covered by medical (including vision), dental and basic life insurance. There are multiple medical plans with affordable monthly premiums that offer coverage throughout the state.

Staff are eligible to enroll each year in a medical flexible spending account which enables them to use tax-deferred dollars toward their health care expenses. Employees are also covered by basic life and long-term disability insurance, with the option to purchase additional coverage amounts.

To view premium rates, coverage choice in your area and how to enroll, please visit the Public Employees Benefits Board (PEBB) website. The Washington Wellness program from the Health Care Authority works with PEBB to support our workplace wellness programs.

Dependent care assistance allows the employee to save pre-tax dollars for a child or elder care expenses.

Other insurance coverage for auto, boat, home, and renter insurance is available through payroll deduction.

The Washington State Employee Assistance Program promotes the health and well-being of employees.

Retirement And Deferred Compensation State Employees are members of the Washington Public Employees' Retirement System (PERS). New employees have the option of two employer contributed retirement programs. For additional information, check out the Department of Retirement Systems' web site.

Employees also have the ability to participate in the Deferred Compensation Program (DCP). This is a supplemental retirement savings program (similar to an IRA) that allows you control over the amount of pre-tax salary dollars you defer as well as the flexibility to choose between multiple investment options.

Social Security All state employees are covered by the federal Social Security and Medicare systems. The state and the employee pay an equal amount into the system.

Public Service Loan Forgiveness If you are employed by a government or not-for-profit organization, and meet the qualifying criteria, you may be eligible to receive student loan forgiveness under the Public Service Loan Forgiveness Program.

Holidays Full-time and part-time employees are entitled to paid holidays and one paid personal holiday per calendar year.

Note: Employees who are members of certain Unions may be entitled to additional personal leave day(s), please refer to position specific Collective Bargaining Agreements for more information . Full-time employees who work full monthly schedules qualify for holiday compensation if they are employed before the holiday and are in pay status for at least 80 nonovertime hours during the month of the holiday; or for the entire work shift preceding the holiday.

Part-time employees who are in pay status during the month of the holiday qualify for the holiday on a pro-rata basis. Compensation for holidays (including personal holiday) will be proportionate to the number of hours in pay status in the month to that required for full-time employment, excluding all holiday hours. Pay status includes hours worked and time on paid leave.

Sick Leave Full-time employees earn eight hours of sick leave per month. Overtime eligible employees who are in pay status for less than 80 hours per month, earn a monthly proportionate to the number of hours in pay status, in the month to that required for full-time employment. Overtime exempt employees who are in pay status for less than 80 hours per month do not earn a monthly accrual of sick leave.

Sick leave accruals for part-time employees will be proportionate to the number of hours in pay status, in the month to that required for full-time employment. Pay status includes hours worked, time on paid leave and paid holiday.

Vacation (Annual Leave) Full-time employees accrue vacation leave at the rates specified in WAC 357-31-165(1) or the applicable collective bargaining agreement (CBA). Full-time employees who are in pay status for less than 80 nonovertime hours in a month do not earn a monthly accrual of vacation leave.

Part-time employees accrue vacation leave hours in accordance with WAC 357-31-165(1) or the applicable collective bargaining agreement (CBA) on a pro rata basis. Vacation leave accrual will be proportionate to the number of hours in pay status, in the month to that required for full-time employment.

Pay status includes hours worked, time on paid leave and paid holiday.

As provided in WAC 357-58-175, an employer may authorize a lump-sum accrual of vacation leave or accelerate the vacation leave accrual rate to support the recruitment and/or retention of a candidate or employee for a Washington Management Service position. Vacation leave accrual rates may only be accelerated using the rates established WAC 357-31-165.

Note: Most agencies follow the civil service rules covering leave and holidays for exempt employees even though there is no requirement for them to do so. However, agencies are required to adhere to the applicable RCWs pertaining holidays and leave.

Military Leave Washington State supports members of the armed forces with 21 days paid military leave per year.

Bereavement Leave Most employees whose family member or household member dies, or for loss of pregnancy, are entitled to five (5) days of paid bereavement leave. In addition, the employer may approve other available leave types for the purpose of bereavement leave.

Additional Leave Leave Sharing

Parental Leave

Family and Medical Leave Act (FMLA)

Leave Without Pay

Please visit the State HR Website for more detailed information regarding benefits.

Updated 01-07-2026

01

This position requires you to be onsite (in-person) at our Tumwater location two (2) days a week. Do you agree to this requirement if hired for the position?

• YES
• NO

02

Please indicate if you are applying for an Actuary 2 or Actuary 3 position:

• Actuary 2
• Actuary 3

03

In accordance with RCW 48.02.090(5), Office of Insurance Commissioner employees are prohibited from having any interest, directly or indirectly, in an insurance company other than as a policy-holder. This prohibition includes the receipt of renewal commissions and employees may not hold a valid insurance license. If you have any interest in an insurance company you must forfeit the license prior to the effective date of your appointment. If hired, do you agree to abide by this law?

• YES
• NO

04

As part of the pre-employment process, are you willing and able to undergo a criminal history background investigation? This would include a criminal records check.

• YES
• NO
• N/A – I am currently an OIC employee
• Required Question