Functional Program Analyst 3 (Contracts Analyst - HCBM)

Job Overview This position is open until August 3, 2026. The agency reserves the right to make a hiring decision at any time after the initial screening date on July 13, 2026. Position Role: FPA3: HCBM Contract Analyst (1) Division: Rates, Forms, and Provider Networks Division, Tumwater Office About the Position We are hiring for one (1) HCBM Analyst within our Rates, Forms, and Provider Network Division. This position focuses on reviewing complex healthcare contracts, evaluating them for compliance with state and federal requirements, and documenting findings. 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). The work ensures agreements are accurate, compliant, and aligned with regulatory expectations. You will analyze contract language, identify issues, provide clear written findings, conduct research, and offer guidance to carriers, HCBMs, agents, attorneys, and consumers. Work Location & Schedule Required in‑office attendance: 4 days per week for the first 30 days, 3 days per week for days 31-90, then 2 days per week thereafter. Employment Type Washington General Service position. Monthly salary range: $5,137 – $6,906. Benefits Comprehensive benefits package: Health, dental, vision, retirement, paid leave (vacation, sick, etc.) Supportive work environment with emphasis on diversity and professional growth Wellness programs and on‑site resources Work‑life balance with telework opportunities Training & Development including tuition reimbursement and Public Service Loan Forgiveness Free parking (Tumwater) and public transportation pass (Thurston County) Duties Independently analyse and review contracts to ensure compliance 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. 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 ensuring that regulated entities issue contracts that are fair, transparent, and compliant before entering the marketplace. Qualifications Six (6) years professional full‑time experience in contract management, drafting and/or review of legal documents; regulatory examinations, compliance, or health care benefit plan design, distribution, or administration. Academic degree or applied experience equivalent: Associate’s degree (2 years experience); Bachelor’s degree (4 years); Master’s degree (5 years). A degree in public administration, business administration, law/legal studies, finance or a related field from an accredited institution may substitute relevant experience. Required Knowledge, Skills and Abilities Intermediate‑level skills in Microsoft Outlook, Word and Excel. Preferred/Desired Qualifications Advanced skills in Microsoft Outlook, Excel and Word. Demonstrated experience organizing work, establishing timelines, and meeting deadlines. Contact Information Recruitment: View email address on click.appcast.io (add requisition number 2026-05541 and job name to subject line). Equal Employment Opportunity The Office of the Insurance Commissioner is an equal opportunity employer, does not discriminate on basis of age, sex, marital status, sexual orientation, race, creed, color, national origin, honorably discharged veteran or military status, or presence of any sensory, mental or physical disability. Persons requiring reasonable accommodation in the application process may contact the recruitment team. Those with a hearing impairment may contact the Washington Relay Service. Additional Notes Position represented by Washington Federation of State Employees (WFSE). Background check including criminal record history will be conducted pre‑hire. Please submit DD‑214 to View email address on click.appcast.io if claiming veteran status. #J-18808-Ljbffr Washington State Office of the Insurance Commissioner