NEOGOV · 1 week ago
Actuary 3
Thurston County – Tumwater, WA
Full-time
Hybrid
Senior Level
$11,891/mo - $15,997/mo
7+ years expNEOGOV is seeking an Actuary 3 for the Office of the Insurance Commissioner in Washington. This role involves leading complex reviews of health and disability insurance rate filings to ensure compliance with regulations and actuarial standards, ultimately contributing to consumer protection and the stability of the insurance market.
GovTechHuman ResourcesInformation TechnologySoftware
Responsibilities
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
Qualification
Required
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
Associate (ASA) or Fellow (FSA) of the Society of Actuaries (SOA)
Seven (7) years of full-time professional health actuarial experience
Intermediate-level skills and experience in Microsoft Outlook, Word, and Excel
Preferred
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
Benefits
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.
Insurance Benefits: Employees and their families are covered by medical (including vision), dental and basic life insurance.
Dependent care assistance: allows the employee to save pre-tax dollars for a child or elder care expenses.
Retirement and Deferred Compensation: State Employees are members of the Washington Public Employees' Retirement System (PERS).
Public Service Loan Forgiveness: If you are employed by a government or not-for-profit organization, and meet the qualifying criteria, you may be eligible to receive student loan forgiveness under the Public Service Loan Forgiveness Program.
Holidays: Full-time and part-time employees are entitled to paid holidays and one paid personal holiday per calendar year.
Sick Leave: Full-time employees earn eight hours of sick leave per month.
Vacation (Annual Leave): Full-time employees accrue vacation leave at the rates specified in WAC 357-31-165.
Military Leave: Washington State supports members of the armed forces with 21 days paid military leave per year.
Bereavement Leave: Most employees whose family member or household member dies, or for loss of pregnancy, are entitled to five (5) days of paid bereavement leave.
Company
NEOGOV
NEOGOV is the leading provider of workforce management software uniquely designed for the public sector, education, and public safety.
501-1000 employees
H1B Sponsorship
NEOGOV has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
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Trends of Total Sponsorships
2025 (13)
2024 (10)
2023 (10)
2022 (18)
2021 (14)
2020 (16)
Funding
Current Stage
Late StageTotal Funding
$700MKey Investors
Warburg Pincus
2025-07-28Secondary Market· $700M
2025-07-28Acquired
2021-06-02Private Equity
Leadership Team
Shane Evangelist
CEO
Brandon McDonald
Head Of Marketing
Recent News
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