Actuary 2 pay range
State of Washington · class code 504B
- Class code
- 504B
- Salary range
- 79
- Pay unit
- Year
- State
- Washington
- The State of Washington published pay range for Actuary 2 is $113,736 to $152,904 per year.
- Washington State Office of Financial Management (OFM) keys this classification as class code 504B.
- 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 79 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 | $113,736 | $116,544 | $119,460 | $122,448 | $125,544 | $128,688 | $131,868 | $135,192 | $138,552 | $142,020 | $145,548 | $149,244 | $152,904 |
| Monthly | $9,478 | $9,712 | $9,955 | $10,204 | $10,462 | $10,724 | $10,989 | $11,266 | $11,546 | $11,835 | $12,129 | $12,437 | $12,742 |
| Hourly | $54.47 | $55.82 | $57.21 | $58.64 | $60.13 | $61.63 | $63.16 | $64.75 | $66.36 | $68.02 | $69.71 | $71.48 | $73.23 |
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
Performs full range of actuarial analyses and interprets calculations for rate-making, reserving, management reporting, and special studies. Full range of actuarial analyses includes reserving and accounting in estimating liabilities, rate-making, loss adjustment, underwriting expenses, performance analysis of groups of insured, rate level of funds, and financial analysis of insurance entities which involve forecasting, cash flow analysis, and asset liability matching.
Examples of the work
Performs actuarial analysis in reserving and accounting for losses, loss adjustment expenses, retrospective rating return premiums and pensions; Performs actuarial analysis of overall rate level of funds; Develops and tests actuarial methodologies; Develops methods to test the quality of data; Evaluates actuarial impact of proposed legislation; Presents actuarial analysis to external customers; Consults and coordinates actuarial activities with units and staff; Testifies in court and commission hearings; May supervise lower level staff.
Minimum qualifications
Positions typically require a Bachelor's degree. And, associate (ACAS) of the Casualty Actuarial Society (CAS) with successful completion of seven CAS exams and four years of property and/or casualty actuarial experience. Or, for life and disability or health care positions, must be an associate (ASA) of the Society of Actuaries (SOA) with successful completion of six SOA courses and four years of actuarial experience in their appropriate specialties.
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.
Nearby classes in Washington
Actuary 2 in other states
| State | Minimum | Maximum | Per year at full time |
|---|---|---|---|
| Georgia | $50,983 | $81,720 | $50,983 to $81,720 |
Each state publishes its own range for a classification with this exact title. Duties, grade structures and bargaining units differ between states, so read each class page before comparing.