Functional Program Analyst 3 (Contracts Analyst - HCBM)

This recruitment will remain open until June 10, 2026. The agency reserves the right to make a hiring decision at any time after the initial screening date on May 20, 2026. It is in the applicant's best interest to submit materials as soon as possible. Make a Difference: Protect Consumers & Join Our Dynamic Team! The Office of the Insurance Commissioner (OIC) seeks a qualified individual) to join our Rates, Forms, and Provider Networks Division based out of our Tumwater Office. Role: * FPA3: HCBM Contract Analyst (1) We are an employer of choice! Here's why: At the Washington State Office of the Insurance Commissioner (OIC) , we play a vital role in protecting consumers, the public interest, and Washington's economy by ensuring the insurance marketplace operates fairly, transparently, and in compliance with the law. A key part of that mission is making sure health insurance carriers build and maintain provider networks that give consumers meaningful access to health care services. * Meaningful work : Ensure a healthy insurance market & protect Washington consumers. * Impactful career : Make a daily difference in the lives of countless Washingtonians. * Small agency, big opportunities : Gain a holistic understanding of our mission and build strong relationships with colleagues. * Diversity, equity, and inclusion: OIC is committed to ensuring that all employees enjoy a respectful, safe, and supportive working environment - by fostering the inclusion of people from all backgrounds, cultures, and attributes. About the Position We are hiring for one (1) HCBM Analyst within our Rates, Forms, and Provider Network (RFPN) Division . This position focuses on reviewing complex healthcare contracts, evaluating them for compliance with state and federal requirements, and documenting findings in a clear and organized way. This role requires strong analytical thinking, sound judgment, and the ability to communicate effectively with insurers, providers, attorneys, and other stakeholders. This role reports to the assigned FPA4 Supervisor within either the Provider Contract Unit or the HCBM Contract Unit. Functional Program Analyst 3: HCBM Analyst As an HCBM Analyst, you will review contract filings submitted by health carriers, Health Care Benefit Managers (HCBMs), providers, pharmacies, and Pharmacy Services Administrative Organizations (PSAOs) . Your work helps ensure these agreements are accurate, compliant, and aligned with regulatory expectations. You will analyze contract language, identify issues, and provide clear written findings that support consistent oversight across the marketplace. You will also conduct research and offer subject matter guidance to carriers, HCBMs, agents, attorneys, and consumers. This includes discussing contract provisions, interpreting case law, and helping resolve questions or concerns that arise during the review process. This role is a strong fit for someone who enjoys detailed analytical work, communicates clearly about complex topics, and values contributing to fair and transparent practices across the healthcare system. Rates, Forms, and Provider Network team members are required to be in-office (4) days a week for the first 30 days of employment, (3) days in-office for days 31-90, and then (2) days from then on. This recruitment may be used to establish a qualified pool of candidates for Functional Program Analyst 3 vacancies in the next sixty days. These are Washington General Service positions. The monthly salary range for these positions is $5,137 - $6,906. Benefits & Perks * Comprehensive benefits package: Health, dental, vision, retirement, paid leave (vacation, sick, etc.) and much more! * Supportive work environment: We value diversity, professional growth, and collaborative atmosphere. * Wellness programs: Invest in your well-being with on-site resources and initiatives. * Work-life balance: Flexible schedules with telework opportunities. * Public service fulfillment: Contribute to a cause that matters and feel the satisfaction of serving the public good. * Training & Development: Continuously learn and grow with tuition reimbursement, Public Service Loan Forgiveness, and other programs. * Free parking (Tumwater) & Public transportation pass (Thurston County): Save on commuting costs. * And more! Explore our website for additional benefits: ( Core Duties: * Independently analyze/review and evaluate contracts to ensure with Washington State insurance laws, federal laws, regulations, and applicable case law. * Interpret contract language and assess whether legal and regulatory standards are met. * Apply relevant RCWs, WACs, federal requirements, and case law to support consistent, legally sound contract reviews and regulatory decisions. * Identify compliance issues, deficiencies, or provisions that do not meet regulatory requirements and develop clear, well-reasoned recommendations or objections outlining how contracts can be brought into compliance. * Collaborate with the Functional Program Analyst 4 Supervisor, Program Manager, and OIC colleagues regarding contract review issues that may impact the broader insurance marketplace and support consistent and uniform contract review standards. * Support the OIC's consumer protection mission by helping ensure that regulated entities issue contracts that are fair, transparent, and compliant before entering the marketplace. Contact Us : To read more about this position and view all duties, please contact us at View email address on click.appcast.io (mailto:View email address on click.appcast.io) and add the requisition number 2026-04077 and add the job name to the subject line of your email. Required Qualifications : * Six (6) years of professional full-time work experience* in areas such as contract management, drafting and/or review of legal documents; regulatory examinations, regulatory compliance, or health care benefit plan design, distribution, or administration. Academic Degree Equivalency Chart Degree Years of Relevant Experience Equivalency Associate's Degree 2 years of experience Bachelor's Degree 4 years of experience Master's Degree 5 years of experience *A degree in public administration, business administration, law/legal studies, finance or related 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 may be substituted for relevant experience. Proof of degree may be required prior to employment. If a degree was awarded outside of the United States, candidates must provide a credential evaluation report. Required Knowledge, Skills and Abilities: * Intermediate-level skills in Microsoft Outlook, Word, and Excel Preferred/Desired Qualifications: * Advanced skills and experience in Microsoft Outlook, Excel, Word * Demonstrated experience organizing work, establishing timelines, and meeting deadlines. Ready to join us? Learn more about the OIC by visiting our website. We encourage you to check out our video below and listen to what our employees have to say about working here! Welcome to the OIC ( Submit your application today and take the first step towards a rewarding career at the OIC! Resume and Cover Letter Required * This position isrepresented by the Washington Federation of State Employees (WFSE). * Wage/salary depends on qualifications or state rules of compensation (if currently a state employee). * State law (RCW 48.02.090[5]) prohibits employees of the OIC from having any interest, directly or indirectly, in an insurance company other than as a policyholder. This prohibition includes the receipt of renewal commissions. If employment is accepted with this agency, you agree to abide by this state law. * Prior to a new hire, a background check including criminal record history will be conducted. Information from the background check will not necessarily preclude employment but will be considered in determining the applicant's suitability and competence to perform in the position. * If claiming veteran status, please send your DD 214 to R (mailto:View email address on click.appcast.io) View email address on click.appcast.io (mailto:View email address on click.appcast.io) with FPA3_2026- 04077 in the subject line. Please do not attach the DD214 to your application materials.Please black out personally identifiable data such as social security numbers. * The Office of Insurance Commissioner is an equal opportunity employer, does not discriminate on the basis of age, sex, marital status, sexual orientation, race, creed, color, national origin, honorably discharged veteran or military status, or the presence of any sensory, mental, or physical disability or the use of a trained service animal by a person with a disability. Persons requiring reasonable accommodation in the application process or requiring information in an alternative format may contact the recruitment team at View email address on click.appcast.io (mailto:View email address on click.appcast.io) . Those with a hearing impairment in need of accommodation are encouraged to contact the Washington Relay Service at View phone number on click.appcast.io or * If you are having technical difficulties creating, accessing (log in, password or email issues) or completing your application (error messages), please call toll-free at View phone number on click.appcast.io. * Contact us : For inquiries about this position, please contact us at R (mailto:View email address on click.appcast.io) View email address on click.appcast.io (mailto:View email address on click.appcast.io) and add the requisition number and job name to the subject line of your email. Compensation details: 29.52-39.69 Hourly Wage PI17b2fa887d8b-29400-40524359