The Office of the Insurance Commissioner’s (OIC) Property and Casualty Unit is seeking a motivated and qualified individual to fill an Actuarial Analyst 1 or 2 position. This position is assigned to the Rates and Forms Division, located in our Tumwater office.
As an Actuarial Analyst 1 (entry-level), you’ll take what you’ve learned in school and learn how to review actuarial calculations submitted by property and casualty insurers to determine whether rate requests are justified. You will also write letters to rate filers and OIC management. As an Actuarial Analyst 2 (journey-level), in addition to the duties of the AA1, you’ll also evaluate the appropriateness of complex multivariate analyses and check reasonableness of data and actuarial methods. This position contributes to the OIC goals of protecting consumers, maintaining a healthy insurance climate, and assisting with the actuarial components of property and casualty financial examinations.
This position may be filled at either the Actuarial Analyst 1 or 2 levels depending on qualifications. Salary amounts for each level are:
Actuarial Analyst 1
$3409 - $4466 monthly salary range
Actuarial Analyst 2
$4361 - $5715 monthly salary range
This recruitment may be used to establish a qualified pool of candidates for Actuarial Analyst 1 or 2 vacancies in the next six months.
If you're interested in a career that protects consumer's interests and promotes a healthy business environment in this state, please apply today and become part of our dynamic team.
AGENCY PROFILE AND VALUES
The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. Our mission is provide consumer protection and regulation of the state's insurance industry. With a workforce of approximately 240 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund. Because we are a small agency, you will truly get a chance to understand the 'big picture' of what we do and why we do it. You will also have a chance to get to know your co-workers.
A stable funding source that does not rely on the state's general fund.
The fulfillment of public service.
Excellent work-life balance.
Commitment to diversity in the workplace and support one another with respect and trust.
Free Thurston County InterCity Transit STAR pass.
Review and analyze rate filings for property and casualty insurance.
Handle all filings in accordance with established OIC and SERFF procedures.
Assist forms analysts and other OIC staff with problems or questions related to property and casualty insurance rates.
Collect data and produce reports pertaining to property and casualty insurance rates.
Update filing instructions for property and casualty rates.
Assist with disciplinary actions related to property and casualty rates.
Assist with monitoring of the financial condition of domestic property and casualty insurers. (Actuarial Analyst 2)
Bachelor's degree in actuarial science, mathematics, statistics, engineering, physical science, economics or equivalent field. Current college students who expect to earn one of these degrees before July 1, 2019 may apply. You will need to submit proof of having a degree before OIC offers you the job.
Eighteen (18) months of property and casualty actuarial experience and successful completion of two (2) Casualty Actuarial Society (CAS) or Society of Actuaries (SOA) examinations.
Internal Number: 2019-04425
About Washington State Office of the Insurance Commissioner
The Office of the Insurance Commissioner (OIC) operates under the direction of the state's Insurance Commissioner, a statewide elected official. The agency's mission is to provide consumer protection and regulation of the state's insurance industry. With a workforce of approximately 240 employees, we are one of the smaller state agencies in Washington state government and are fortunate to have a stable funding source that does not rely on the state's general fund.
The OIC values its employees and diversity in the workplace. We challenge our employees to continuously improve the way we do business, and to meet and exceed the needs of our customers. To learn more about this agency, we invite you to visit our website at www.insurance.wa.gov.