Description
OIC CAREER OPPORTUNITY
The Office of the Insurance Commissioner’s (OIC) Health and Life Actuarial Services is seeking a motivated and qualified individual to fill an Actuarial Analyst 1 position. This position is assigned to the Rates, Forms, and Provider Networks Division, located in our Tumwater office.
What makes an organization a great place to work? People just like you! Ones who care and understand the importance of quality and affordable insurance and want to enhance the standard of life for the citizens of Washington State.
The Actuary Analyst 1 reviews and acts on basic health and disability insurance rate filings and assists with the review of Affordable Care Act (ACA) binder filings under close supervision.
What’s in it for you? The incumbent of this position will be joining a knowledgeable and collaborative team that offers a robust training and mentorship program. Teamwork and encouragement for the incumbent to reach the next level is valuable to this unit.
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 Actuarial Analyst 1 vacancies in the next sixty days.
This is a Washington General Service position. The monthly salary range for this position is $3,999-$5,370.
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
Washington State offers one of the most competitive benefits packages in the nation. We offer a great selection of health and retirement plans, paid leave, and compensation benefits for you and your family.
Additional Benefits:
Wellness programs.
Dependent care assistance.
Washington State Employee Assistance Program.
Federal Social Security and Medicare systems.
Additional Leave; Leave Sharing, Parental Leave, Family and Medical Leave Act (FMLA), Leave Without Pay.
Deferred Compensation (supplemental retirement plan).
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.
Duties:
The duties of the position include, but are not limited to:
- Reviewing basic actuarial calculations submitted by health insurance carriers.
- Evaluating reasonableness of health carrier data and actuarial methods.
- Ensuring compliance with applicable statues and regulations.
- Handling all filings in accordance with established OIC and SERFF procedures.
- Reviewing the rate portion of the binder filing.
- Assist rate and form analysts with problems and questions related to binder filings.
Requirements
Qualifications
Bachelor’s degree in actuarial science, mathematics, statistics, engineering, physical science, economics, or equivalent field from an accredited institution whose accreditation is recognized by the U.S. Department of Education or the Council of Higher Education Accreditation or a foreign equivalent. Relevant professional experience may substitute for the educational requirement on a year-for-year basis.
AND- Successful completion of one Society of Actuaries (SOA) examination
In addition to the above qualifications:
- Intermediate level Microsoft Excel skills.
- Basic level Microsoft Work and Outlook skills.
Preferred/Desired:
- Completed a university course that required construction of mathematical proofs.
- Advanced level Microsoft Excel skills.
- Experience programming in Excel, R, or Python.
