Actuary 3

Full Job Description

This recruitment will remain open until filled. The agency reserves the right to make a hiring decision at any time after the initial screening date on January 29,2026 . 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 3 position. This role is within the Rates Forms and Provider Networks Division – Health and Life Actuarial Services Unit 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

At the Washington State Office of the Insurance Commissioner (OIC), our work directly affects the lives and financial security of millions of Washingtonians.

Guided by our mission to protect consumers, the public interest, and our state’s economy through fair and efficient regulation of the insurance industry, we ensure that insurance markets are stable, transparent, and accountable.

The Actuary 3 plays a critical role in fulfilling that mission.

Reporting to the Chief Actuary within the Rates, Forms, and Provider Networks Division, this position serves as a senior-level actuarial expert focused on health and disability insurance.

The Actuary 3 applies deep knowledge of actuarial principles, Washington statutes and regulations, the Affordable Care Act, and federal insurance requirements to evaluate whether insurance rates are compliant, actuarially sound, and fair to consumers.

In this role, you will lead complex health and disability rate filing reviews, ensuring that proposed rates are supported by appropriate data, sound actuarial methods, and legal compliance.

You will also provide key actuarial support for financial examinations and solvency monitoring, helping safeguard the financial stability of insurers operating in Washington.

Beyond technical review, the Actuary 3 contributes to broader policy initiatives, supports the implementation of federal health care reforms, and collaborates with internal and external stakeholders to improve regulatory processes and transparency.

This position offers a unique opportunity to combine advanced actuarial work with public service.

If you are motivated by meaningful impact, enjoy tackling complex regulatory and financial issues, and want your work to directly protect consumers and strengthen the insurance marketplace, the Actuary 3 role at OIC offers both challenge and purpose.

This recruitment may be used to establish a qualified pool of candidates for Actuary 3 vacancies in the next sixty days.

This is a Washington General Service position. The monthly salary range for this position is $11,891 - $15,997.

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

Requirements

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

• Lead the review of complex health and disability insurance rate filings, including Affordable Care Act (ACA) filings, to determine compliance with Washington state and federal laws, regulations, and actuarial standards.
• Apply actuarial principles and professional judgment to evaluate the reasonableness of data, assumptions, methodologies, and calculations used by insurers to support proposed rates.
• Determine whether filed rates are actuarially sound and legally compliant, and take final regulatory action on assigned filings in accordance with established OIC and SERFF procedures.
• Draft detailed and well-supported objection letters and regulatory correspondence identifying deficiencies, compliance issues, and actuarial concerns in rate filings.
• Communicate directly with insurer actuarial and filing staff to answer questions, resolve issues, and facilitate timely and complete filing submissions.
• Prepare clear, accurate filing summaries, decision memoranda, and supporting documentation for internal use and for public posting on OIC’s health insurance transparency website.
• Enter and maintain complete and accurate filing information in regulatory systems such as SERFF and SIMBA, following established division and agency procedures.
• Develop and maintain actuarial guidance, review handbooks, instructions, checklists, and process documentation to support consistent and efficient filing reviews.
• Create exhibits, charts, and analyses for management reporting, special projects, and policy initiatives using data from rate filings, financial reports, and other sources.
• Lead actuarial support for company solvency monitoring and financial examinations, including planning and executing the actuarial scope of work in coordination with the Examiner-in-Charge.
• Perform and review reserve calculations, actuarial analyses, and Statements of Actuarial Opinion (SAOs) as part of financial examinations and ongoing solvency oversight.
• Prepare actuarial work papers, written reports, and recommendations that clearly document methods, assumptions, findings, and conclusions.
• Communicate actuarial findings, risks, and recommendations to examination teams, agency leadership, and other stakeholders in a timely and effective manner.
• Identify and refer potential non-compliance or regulatory concerns to Legal or Market Conduct Oversight as appropriate.
• Participate in cross-division collaboration, training, and knowledge-sharing to promote consistency in regulatory review and strengthen actuarial practices.
• Contribute to process improvements and development of tools to increase the accuracy, efficiency, and transparency of rate and financial reviews.
• Maintain professional actuarial knowledge through continuing education, training, and actuarial examinations, and participate in NAIC task forces or workgroups as assigned.

To read more about this position and view all duties, click here to request a position description.

Qualifications

Required Qualifications:

• Bachelor’s degree involving major study in actuarial science, economics, mathematics, statistics or a closely related field and membership in the American Academy of Actuaries.

AND

• Associate (ASA) or Fellow (FSA) of the Society of Actuaries (SOA).

AND

• Seven (7) years of full-time professional health actuarial experience.

Required Knowledge, Skills and Abilities:

Intermediate-level skills and experience in Microsoft Outlook, Word, and Excel;

Preferred/Desired Qualifications:

• Advanced Microsoft Excel skill level including complex macro development experience.
• Two (2) years of programming experience in VBA and other statistical programming languages (e.g., R, Python, SAS).
• Three (3) years of individual and small group ACA health plan rate filing review or pricing experience.
• Four (4) years of experience in actuarial financial examination, statutory reserving, or financial reporting for health carriers.

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!

Additional Information

• This position isrepresented 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 recruitment@oic.wa.gov with ACT3_2026-00460 in the subject line.Please do not attach the DD214 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 Recruitment@oic.wa.gov.

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 recruitment@oic.wa.gov.