Actuary 3 pay range
State of Washington · class code 504C
- Class code
- 504C
- Salary range
- 89
- Pay unit
- Year
- State
- Washington
- The State of Washington published pay range for Actuary 3 is $145,548 to $195,804 per year.
- Washington State Office of Financial Management (OFM) keys this classification as class code 504C.
- 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 89 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 | $145,548 | $149,244 | $152,904 | $156,732 | $160,692 | $164,664 | $168,780 | $173,028 | $177,300 | $181,800 | $186,360 | $190,980 | $195,804 |
| Monthly | $12,129 | $12,437 | $12,742 | $13,061 | $13,391 | $13,722 | $14,065 | $14,419 | $14,775 | $15,150 | $15,530 | $15,915 | $16,317 |
| Hourly | $69.71 | $71.48 | $73.23 | $75.06 | $76.96 | $78.86 | $80.83 | $82.87 | $84.91 | $87.07 | $89.25 | $91.47 | $93.78 |
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 in this level serve as the actuary for life, disability and/or health, or property and/or casualty insurance; review insurance policy provisions and rate filings. Positions provide training, support and assistance to actuarial analysts. Researches, develops and designs new and alternative actuarial methods for use by staff. Positions are also responsible for final completion and presentation of actuarial staff's analyses in rate-making, reserving, management reporting and special studies.
Examples of the work
Reviews and analyzes benefits, reserves, rating plans, underwriting procedures, statistical plans, and other facets of insurance company operations; Participates in departmental hearings in connection with appeals of consumers; Assists in the drafting and review of legislation and departmental regulations, develop and implement regulations; Performs statistical analysis of rating plans and reports of insurance experience applicable to specific regulatory issues; Performs analysis in reserving and accounting for losses, loss adjustment expenses, retrospective rating return premiums, and pensions; Performs analysis in rate-making for classification ratings, experience rating, retrospective rat ...
Minimum qualifications
Positions typically require a Bachelor's degree involving major study in actuarial science, insurance, mathematics, accounting, or allied field and a member of the American Academy of Actuaries with specialization in the property/casualty, life, disability, and/or health field AND Seven years of experience in one or more of the following categories: (a) As an actuarial officer whose duties included formulation of actuarial policies in an insurance company, health care service contractor, or health maintenance organization; or (b) As a consultant providing actuarial management services to insurance companies, health care service contractors, or health maintenance organizations, with duties eq ...
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 3 in other states
| State | Minimum | Maximum | Per year at full time |
|---|---|---|---|
| Georgia | $56,311 | $91,044 | $56,311 to $91,044 |
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.