Actuary 2 or Actuary 3

State of Washington; Tumwater (WA); On-site; USD 106,000 - 142,000; Full time

Benefits offered by this job

Comprehensive benefits package

On-site parking

Flexible telework options

Tuition reimbursement

Public Service Loan Forgiveness

Wellness programs

Paid leave

Job summary

The State of Washington Office of the Insurance Commissioner in Tumwater seeks an Actuary 2 or Actuary 3 to apply actuarial expertise to rate filings, reserves analyses, and regulatory oversight within the P&C Actuarial Services division.

This public service role advances consumer protections, assures actuarial soundness, and supports regulatory policy through data-driven analyses and collaboration with insurers and examiners.

Qualifications

• Must meet current general U.S. Qualification Standards as published by the American Academy of Actuaries (AAA).
• ACAS (Actuarial Credential) or FCAS/ACAS for Actuary 3 is preferred.
• Bachelor’s degree in actuarial science or a related field; professional actuarial credentials strongly encouraged.

Responsibilities

• Review and decide on complex P&C and Title insurance rate and rule filings for compliance with laws and actuarial standards.
• Conduct independent actuarial analyses to evaluate proposed rates and supporting data.
• Analyze insurer loss reserves, financial statements, and actuarial opinions to support examinations.
• Prepare detailed analyses, reports, and regulatory correspondence to communicate findings.
• Lead and mentor actuarial analysts, oversee workload and professional development.

Job 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

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 [e-mail] and add the requisition number 2026-08749 and the job name to the subject line of your email.

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
• 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)

At the 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

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 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

Cover Letter: Required

Resume: Required

• 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 [e-mail] 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 [e-mail]. 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 [phone].
• Contact us: For inquiries about this position, please contact us at [e-mail].