Actuarial Analyst 3 pay range
State of Washington · class code 503C
- Class code
- 503C
- Salary range
- 66
- Pay unit
- Year
- State
- Washington
- The State of Washington published pay range for Actuarial Analyst 3 is $82,440 to $110,952 per year.
- Washington State Office of Financial Management (OFM) keys this classification as class code 503C.
- 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 66 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 | $82,440 | $84,528 | $86,688 | $88,788 | $91,104 | $93,288 | $95,676 | $98,064 | $100,488 | $102,996 | $105,612 | $108,228 | $110,952 |
| Monthly | $6,870 | $7,044 | $7,224 | $7,399 | $7,592 | $7,774 | $7,973 | $8,172 | $8,374 | $8,583 | $8,801 | $9,019 | $9,246 |
| Hourly | $39.48 | $40.48 | $41.52 | $42.52 | $43.63 | $44.68 | $45.82 | $46.97 | $48.13 | $49.33 | $50.58 | $51.83 | $53.14 |
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
Positions perform complex actuarial calculations and assigned portions of actuarial analyses for rate-making, pricing, reserving, management reporting, and specific studies. Reviews and approves or disapproves insurers' rate and form filing and/or provides technical assistance to financial examiners in review of reserves and other actuarial elements of financial reporting by regulated entities. For property and casualty, assigned portions of actuarial analyses include analyzing of losses and loss adjustment expenses, retrospective rating return premiums, pensions classification rating, experience rating, retrospective rating, analyzing actuarial presentations, and communicating results to management and to insurers.
Examples of the work
Creates exhibits and charts in rate-making, reserving, management reporting, and special projects; Performs actuarial analysis in estimating liabilities for losses, loss adjustment expenses, retrospective rating return premiums, and pensions; Tests actuarial methodologies; Prepares and makes presentations; Consults with and coordinates activities within department; Assists with training of actuarial staff; May supervise lower level staff.
Minimum qualifications
Positions typically require a Bachelor's degree And, for property and casualty, successful completion of four Casualty Actuarial Society (CAS) examinations and three years of property and/or casualty actuarial experience Or, for life and disability or health care positions, successful completion of four courses of the Society of Actuaries (SOA) and three years of life and disability or health actuarial experience
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.