Actuary 2 or Actuary 3

Office of the Insurance Commissioner; Washington; On-site; USD 106,000 - 182,000; Full time

Job summary

The Washington State Office of the Insurance Commissioner (OIC) is seeking an Actuary 2 or Actuary 3 to apply actuarial expertise in a public-regulation context. The role emphasizes evaluating filings, analyzing reserves, and collaborating with diverse regulatory partners to protect consumers and maintain a fair insurance marketplace.

The position also involves leading and developing a team, contributing to policy and regulatory rulemaking, and advancing sound actuarial practices to support

Qualifications

• Must meet current general U.S. Qualification Standards as published by the American Academy of Actuaries (AAA).
• ACAS required for Actuary 2; seven (7) years of property & casualty actuarial experience or bachelor+4 years; ACAS.
• FCAS option exists for Actuary 3 with corresponding experience requirements.

Responsibilities

• Evaluate complex rate and rule filings.
• Analyze insurer reserves and financial conditions.
• Collaborate with insurance companies, financial examiners, legal professionals, and regulatory partners.
• Lead and mentor actuarial analysts; support policy and rulemaking.

Skills

AAA standards knowledge

Regulatory analysis

Analytical thinking

Education

Bachelor's degree in a relevant field

ACAS

FCAS (optional)

Tools

Excel

R

Python

SQL

SAS

Job description

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

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)

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 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)