Actuary 3 or Actuary 2 Government Job Dept-Flexible/Hybrid Full Time

All staff employed by the OIC must be fully vaccinated against COVID-19 as a condition of employment. Staff precluded from vaccinations due to medical conditions and/or sincerely held religious beliefs will have opportunity to engage with Human Resources to explore reasonable accommodation. Applicants or candidates being considered for employment shall not share their vaccination status with hiring managers or interview panels. Proof of vaccination will be verified prior to your first day of employment by a member of the Human Resources Department.

OIC CAREER OPPORTUNITY
 
The Office of the Insurance Commissioner (OIC) Rates, Forms and Provider Networks Actuarial Services Unit is seeking a motivated and qualified individual to fill an Actuary 2 or 3 position (dependent upon qualifications).  This position is located in our Tumwater office.
 
This position reviews health insurance rate filings, performing actuarial analysis that assist the Company Supervision Division with its financial analysis and financial examination tasks; and assists with the implementation of federal health care reform.

 If you’re interested in a dynamic career that protects consumers’ interests and promotes a healthy business environment in this state, please apply and become part of our dynamic team.
 
This recruitment may be used to establish a qualified pool of candidates for Actuary 2 or 3 vacancies in the next sixty days.  
 
In addition to the salary range listed below, a general wage increase of 3.25% will be applied for all state employees on July 1, 2022.
 
Actuary 3 salary: $10, 439 – $13,697 
Actuary 2 salary: $8,156 – $10,703

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 to provide consumer protection and regulation of the state’s insurance industry.
 
 With a workforce of approximately 265 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.
 
We value 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 http://www.insurance.wa.gov/ and listen to our employees talk about why they love working here. 
 
BENEFITS OF WORKING FOR OIC
As an eligible state employee, Washington State offers:
 

• An outstanding benefits package and retirement plans.
• Training and development opportunities, including tuition reimbursement.
• Program for Public Service Loan Forgiveness (if applicable)
• Free parking at our main office in Tumwater.
• A stable funding source that does not rely on the state’s general fund.
• The fulfillment of public service.
• Excellent work-life balance.
• Flexible work schedules and telework opportunities.
• Commitment to diversity in the workplace and support one another with respect and trust.
• Free Thurston County Transit public transportation.

• Review and take action on rate filings for health insurance rate filings.
• Determine whether companies’ filed rates meet the requirements of Washington State law and, where applicable, the requirements of federal law, including the Affordable Care Act.
• Perform actuarial analysis to determine whether companies’ proposed rates are justified.
• Evaluate data quality and appropriateness of actuarial methods.
• Interview company staff to obtain information relevant to the actuarial work required.
• Provide training, support, and direction to other health actuarial staff.
• Review reports and test data quality and actuarial methods used by the company.
• Meet continuing education requirements of the general qualification standard of the American Academy of Actuaries, if applicable.

Required Qualifications:
 
Actuary 3

• BA degree involving major study in actuarial science, insurance, mathematics, accounting, or allied field.
• Seven (7) years of responsible life and annuity actuarial experience.
• Member of the American Academy of Actuaries with specialization in the health field.

 Actuary 2

• BA degree involving major study in actuarial science, insurance, mathematics, accounting, or allied field.
• Four (4) years of responsible life and annuity actuarial experience.
• Member (Associate or Fellow) of the Society of Actuaries.

Job Specific competencies include:

• Actuary 3:  At least five years of health actuarial experience with an organization serving as the Insurance Regulator of a state.
• Actuary 2: At least four years of health actuarial experience with an organization serving as the Insurance Regulator of a state.

How to Apply:
 
Applications for this recruitment will be accepted electronically. Please select the large green “apply” button at the top of this announcement. If you have not done so previously, you will need to set up an account profile.
 
Please provide three (3) professional references on your application. A professional reference is defined as an individual who has been paid to supervise your work and can attest to your work performance, technical skills, and job competencies. If you do not have any or sufficient professional references, please include non-related professionals, such as coworkers or other professional associates.
 
The initial screening will be based on the content and completeness of your application and the materials submitted. All information may be verified and documentation may be required. Your letter of interest should describe how your experience, training and education make you a viable and competitive candidate for this position. Applications with comments such as “see attachments” or “see resume” in the supplemental question responses will be considered incomplete.
General suggestions for creating a good application:

• Read the job posting very carefully. Find out as much as you can about the position.
• Make sure you are very diligent in following all the application instructions.  Include all requested documentation. 
• Make sure your application and supplemental question responses address how you meet each of the required and desired qualifications. 
• Carefully read each of the supplemental questions and respond completely to each one. Pay attention to each component of the question, providing examples, and thoroughly describing when and where you achieved the experience. Detail the types of work you performed, the work products, etc., to demonstrate ‘how’. 
• Specifically include all of your work experiences doing the same or similar work, especially if you reference work in these jobs in describing when/where you gained experience or skills. 
• Make sure your application reflects your best writing.
• Wage/salary depends on qualifications or state rules of compensation (if currently a state employee).

 
Contact us: For inquiries about this position, please contact Phyllis.Gratis at 360.725.7011.
 
Other Information:
 

• This position is represented by the Washington Federation of State Employees (WFSE).
• 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.
• If a degree or other credentials are listed by the candidate, proof will be required at the finalist stage. Candidates are encouraged to pre-plan for this.  University degrees must be recognized by the U.S. Department of Education and the Council for Higher Education Accreditation (CHEA) or foreign equivalent.
• If a degree was awarded outside the United States, candidates must provide a credential evaluation report.
• 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 [email protected] with DD214 for Actuary 2 or 3 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. Auxiliary aides and services are available upon request to individuals with disabilities. Please contact the recruiter listed above.   
• 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.
• For general questions regarding applying for jobs, contact the recruiter or [email protected].