Actuarial Analyst

State of Washington • Thurston County – Tumwater, WA

17h • Hybrid

About The Position

The Washington State Office of the Insurance Commissioner (OIC) seeks a qualified individual for the Actuarial Analyst (AA 1 or 2) position within the Rates, Forms, and Provider Network (RFPN) Division, based in the Tumwater Office. This role involves reviewing insurance rate filings, evaluating actuarial analyses and supporting data, and ensuring insurance rates are fair, reasonable, and compliant with state laws. The position supports the mission to protect consumers, the public interest, and Washington's economy through fair and efficient regulation of the insurance industry. As part of a collaborative team, the Actuarial Analyst will work with colleagues across the agency and communicate with insurance companies to resolve questions and support informed regulatory decisions. Depending on experience and classification level, responsibilities may include reviewing complex filings, conducting actuarial analyses, researching insurance issues, and contributing to reports and recommendations. This is an opportunity for actuarial professionals who enjoy problem-solving, continuous learning, and public service, with opportunities for professional growth, support for actuarial exam progression, and making a difference for Washington consumers.

Requirements

• For Actuarial Analyst 1: Successful completion of one (1) actuarial exam. Positions assigned the Property & Casualty unit require exams recognized or administered by the Casualty Actuarial Society (CAS).
• For Actuarial Analyst 2: Successful completion of two (2) actuarial exams AND At least eighteen (18) months experience in related actuarial field. Positions assigned the Property & Casualty unit require exams through the Casualty Actuarial Society (CAS).

Nice To Haves

• Bachelor’s degree in actuarial science, mathematics, statistics, engineering, physical science, economics, or equivalent field.
• Intermediate skill in a programming language such as R, Python, or SQL.
• Experience working with complex multivariate models.

Responsibilities

• Review and analyze property and casualty insurance rate filings to determine whether proposed rates are actuarially sound, justified, and compliant with Washington laws and regulations.
• Evaluate insurer data, actuarial assumptions, methodologies, and supporting documentation for accuracy and reasonableness.
• Perform actuarial calculations and analyses to support regulatory review and decision-making.
• Research insurance statutes, regulations, rate filings, and industry practices to resolve questions and support recommendations.
• Communicate with insurers to clarify filing information, resolve issues, and explain regulatory requirements.
• Prepare written correspondence, reports, and recommendations that clearly communicate actuarial findings and regulatory conclusions.
• Collaborate with actuaries and other agency staff to address complex insurance rate and actuarial issues.
• Assist with special projects, data analysis, reporting, and other actuarial work in support of the Office of the Insurance Commissioner's mission.
• Participate in ongoing professional development by pursuing actuarial exams, attending training, and expanding technical knowledge.

Benefits

• Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more!
• Supportive work environment
• Wellness programs
• Flexible schedules with telework opportunities
• Tuition reimbursement
• Public Service Loan Forgiveness
• Free parking (Tumwater)
• Public transportation pass (Thurston County)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level