Actuarial Analyst 1 pay range
State of Washington · class code 503A
- Class code
- 503A
- Salary range
- 46
- Pay unit
- Year
- State
- Washington
- The State of Washington published pay range for Actuarial Analyst 1 is $50,412 to $67,704 per year.
- Washington State Office of Financial Management (OFM) keys this classification as class code 503A.
- This is the range the plan authorises, not the salary of any individual employee.
Step progression
Washington State Office of Financial Management (OFM) assigns this class to salary range 46 in the General Service Salary Schedule. The range pays 13 steps; a step is normally earned on a periodic increment date, not negotiated.
| Basis | A | B | C | D | E | F | G | H | I | J | K | L | M |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual | $50,412 | $51,600 | $52,872 | $54,204 | $55,596 | $56,952 | $58,392 | $59,760 | $61,332 | $62,880 | $64,512 | $66,072 | $67,704 |
| Monthly | $4,201 | $4,300 | $4,406 | $4,517 | $4,633 | $4,746 | $4,866 | $4,980 | $5,111 | $5,240 | $5,376 | $5,506 | $5,642 |
| Hourly | $24.14 | $24.71 | $25.32 | $25.96 | $26.63 | $27.28 | $27.97 | $28.62 | $29.37 | $30.11 | $30.90 | $31.64 | $32.43 |
Steps as published. The monthly and hourly rows are the state's own, not conversions of the annual row.
Class specification
The OFM classified job specification for this class is published by Washington State Office of Financial Management (OFM). The passages below are quoted from it as published, not paraphrased, and cut to their opening sentences; the full specification is the authority on duties and qualifications.
What the state says the job is
Under close supervision performs basic actuarial calculations for property and casualty, life and disability, or health care insurance.
Examples of the work
Performs basic actuarial calculations; Creates exhibits and charts in rate-making, reserving, and management reporting; Reviews and approves or disapproves insurers' rate and form filings; Estimates current liabilities in losses and loss adjustment expenses; Assists in rate-making for classification rating; Assists in performance analysis of groups of insured.
Minimum qualifications
Positions typically require a Bachelor's degree in actuarial science, mathematics, statistics, engineering, physical science, economics, or equivalent field And, for property and casualty, successful completion of one Casualty Actuarial Society (CAS) examination. Or, for life and disability, and for health care, successful completion of one course of the Society of Actuaries (SOA).
Quoted from the OFM classified job specification, read 2026-10-21.
Where this comes from
Washington State Office of Financial Management (OFM) publishes this figure in Classified Job Listing joined to the OFM salary schedules effective July 1, 2026. Every number on this page is read from that document; nothing is estimated, modelled or averaged.
The dollar figures come from the salary schedule the listing assigns this range to.