OPT Actuarial Analyst Jobs
Actuarial Analyst roles are among the most OPT-friendly positions in financial services. Employers in insurance, consulting, and risk management routinely sponsor F-1 students, and the role's exam-based progression makes your timeline predictable. STEM OPT extension eligibility gives you up to three years of work authorization to clear early actuarial exams and prove your value.
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Get Access To All JobsFor more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.
Our Corporate Actuarial department is seeking a Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters or remote work location.
Position Summary:
This role within the Corporate Actuarial department will be responsible for helping to ensure the strength of Hanover’s balance sheet and providing management with critical insights through the Reserving analysis process. Various forms of analysis include a formal quarterly review of the loss and DCCE reserves by accident and/or report year, appropriate business unit segmentation of carried reserves, an annual ULAE reserve review, a forecast of the ex-cat loss and ALAE ratios for the corporate financial plan, and various “deep dives.” An effective candidate will also be able to suggest ways to improve our current processes by identifying enhancements and efficiencies.
Effective communication skills are critical, as a high level of collaboration with the Business (Underwriting & Pricing), as well as Claims, Accounting, Finance is expected.
Additionally, this role provides a high degree of exposure to executive leaders. The person who takes on this role would also be an active member of the Actuarial and Analytics community.
This is a Full-time, Exempt role.
IN THIS ROLE, YOU WILL:
- Ensure execution of deliverables
- Be accountable for deadlines associated with the financial quarterly close
- Monitor reserve adequacy and communicating of trends to executive leadership
- Be responsible for exploring ways to continually improve processes and enhance efficiencies
- Perform analysis that requires knowledge of fundamental actuarial concepts/methods and/or analytic approaches
- Partner with the Business (Underwriting & Pricing), as well as Claims, Finance and Accounting across the organization to build credibility of the actuarial department and make appropriate decisions
- May participate in community recruiting and/or training activities
- Other duties as assigned
WHAT YOU NEED TO APPLY:
- Bachelor’s Degree or equivalent.
- One or more Casualty Actuarial Exams.
- Programming skills, including the ability to debug and automate processes (SQL, VBA).
- Experience using Microsoft Office, including Excel and PowerPoint
- Understands fundamental analytical concepts, practices and procedures
- Ability to multitask and meet all deadlines with quality analysis.
- Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.
- Analytical Thinking - Applies analytical techniques, e.g., separating a complex whole into its parts or elements to resolve problems or issues.
- Teamwork - Fosters an environment where individuals collaborate in pursuit of a common goal internally and externally to the team.
- Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.
- Communication for Results - Ability to express technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand.
- Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes and constantly seeks to learn.
- Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards.
CAREER DEVELOPMENT:
It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.
BENEFITS:
We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Benefits include:
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- PTO
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical/wellness center (Worcester only)
- Click here for the full list of Benefits
EEO statement:
The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.
Privacy Policy:
To view our privacy policy and online privacy statement, click here.
Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here.
Compensation:
The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.
For more than 170 years, The Hanover has been committed to delivering on our promises and being there when it matters the most. We live our values every day, demonstrating we CARE through our values, Sustainability initiatives and inclusive corporate culture.
Our Corporate Actuarial department is seeking a Actuarial Analyst to join our growing team in Worcester, MA Corporate Headquarters or remote work location.
Position Summary:
This role within the Corporate Actuarial department will be responsible for helping to ensure the strength of Hanover’s balance sheet and providing management with critical insights through the Reserving analysis process. Various forms of analysis include a formal quarterly review of the loss and DCCE reserves by accident and/or report year, appropriate business unit segmentation of carried reserves, an annual ULAE reserve review, a forecast of the ex-cat loss and ALAE ratios for the corporate financial plan, and various “deep dives.” An effective candidate will also be able to suggest ways to improve our current processes by identifying enhancements and efficiencies.
Effective communication skills are critical, as a high level of collaboration with the Business (Underwriting & Pricing), as well as Claims, Accounting, Finance is expected.
Additionally, this role provides a high degree of exposure to executive leaders. The person who takes on this role would also be an active member of the Actuarial and Analytics community.
This is a Full-time, Exempt role.
IN THIS ROLE, YOU WILL:
- Ensure execution of deliverables
- Be accountable for deadlines associated with the financial quarterly close
- Monitor reserve adequacy and communicating of trends to executive leadership
- Be responsible for exploring ways to continually improve processes and enhance efficiencies
- Perform analysis that requires knowledge of fundamental actuarial concepts/methods and/or analytic approaches
- Partner with the Business (Underwriting & Pricing), as well as Claims, Finance and Accounting across the organization to build credibility of the actuarial department and make appropriate decisions
- May participate in community recruiting and/or training activities
- Other duties as assigned
WHAT YOU NEED TO APPLY:
- Bachelor’s Degree or equivalent.
- One or more Casualty Actuarial Exams.
- Programming skills, including the ability to debug and automate processes (SQL, VBA).
- Experience using Microsoft Office, including Excel and PowerPoint
- Understands fundamental analytical concepts, practices and procedures
- Ability to multitask and meet all deadlines with quality analysis.
- Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.
- Analytical Thinking - Applies analytical techniques, e.g., separating a complex whole into its parts or elements to resolve problems or issues.
- Teamwork - Fosters an environment where individuals collaborate in pursuit of a common goal internally and externally to the team.
- Thoroughness - Demonstrates careful attention to detail. Keeps tasks and responsibilities clearly defined, on schedule, and error-free. Carries tasks, assignments, etc., through to completion.
- Communication for Results - Ability to express technical and business concepts, ideas, feelings, opinions, and conclusions, so that others understand.
- Growth Mindset – Embraces a creative approach and a changing environment. Seeks to improve processes and constantly seeks to learn.
- Results Orientation - Excited by challenging goals and a desire to exceed standards of excellence. Exceeding the standard can include challenging personal goals, organization's standards, or current industry standards.
CAREER DEVELOPMENT:
It’s not just a job, it’s a career, and we are here to support you every step of the way. We want you to be successful and fulfilled. Through on-the-job experiences, personalized coaching and our robust learning and development programs, we encourage you – at every level – to grow and develop.
BENEFITS:
We offer comprehensive benefits to help you be healthy, build financial security, and balance work and home life. At The Hanover, you’ll enjoy what you do and have the support you need to succeed.
Benefits include:
- Medical, dental, vision, life, and disability insurance
- 401K with a company match
- Tuition reimbursement
- PTO
- Company paid holidays
- Flexible work arrangements
- Cultural Awareness Day in support of IDE
- On-site medical/wellness center (Worcester only)
- Click here for the full list of Benefits
EEO statement:
The Hanover values diversity in the workplace and among our customers. The company provides equal opportunity for employment and promotion to all qualified employees and applicants on the basis of experience, training, education, and ability to do the available work without regard to race, religion, color, age, sex/gender, sexual orientation, national origin, gender identity, disability, marital status, veteran status, genetic information, ancestry or any other status protected by law.
Furthermore, The Hanover Insurance Group is committed to providing an equal opportunity workplace that is free of discrimination and harassment based on national origin, race, color, religion, gender, ancestry, age, sexual orientation, gender identity, disability, marital status, veteran status, genetic information or any other status protected by law.
As an equal opportunity employer, Hanover does not discriminate against qualified individuals with disabilities. Individuals with disabilities who wish to request a reasonable accommodation to participate in the job application or interview process, or to perform essential job functions, should contact us at: HRServices@hanover.com and include the link of the job posting in which you are interested.
Privacy Policy:
To view our privacy policy and online privacy statement, click here.
Applicants who are California residents: To see the types of information we may collect from applicants and employees and how we use it, please click here.
Compensation:
The target hiring range for this role may vary based on geographic location and other factors, including merit or performance, demonstrated proficiency, skills for the role, education, travel requirements, and experience. Additional compensation may include an annual bonus (which could take the form of a general bonus, sales incentive, or short-term incentive), long-term incentive or spot recognition awards. The posted range reflects our ability to hire at different position titles and levels depending on background and experience.
See all 56+ OPT Actuarial Analyst Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new OPT Actuarial Analyst Jobs.
Get Access To All JobsTips for Finding OPT Sponsorship as an Actuarial Analyst
Target insurance carriers and consulting firms first
Large insurers and actuarial consulting firms hire OPT students regularly and have established visa sponsorship pipelines. These employers are far more likely to have HR processes in place for F-1 work authorization than smaller regional firms or startups.
Confirm your degree qualifies for STEM OPT extension
Actuarial Science, Statistics, Mathematics, and Applied Mathematics degrees are STEM-designated, giving you 24 additional months of OPT. Confirm your specific program's CIP code with your DSO before applying, since not every math-adjacent degree automatically qualifies.
Lead with your exam progress in every application
Passing one or two SOA or CAS exams before graduation signals to employers that you're a serious candidate. Actuarial hiring managers weigh exam progress heavily, and cleared exams often matter more than GPA when comparing similarly qualified OPT applicants.
Ask about sponsorship intent during the first recruiter screen
Raise visa sponsorship early in the process, not after an offer arrives. A direct question like 'Does your firm sponsor H-1B visas for actuarial roles?' saves weeks of time and ensures you're only pursuing opportunities that can convert into long-term employment.
Quantify your technical skills on your resume
List specific tools you've used in school or internships, such as R, Python, SAS, or Excel VBA, alongside the actuarial context. Employers want analysts who can model immediately. Vague skill claims like 'proficient in data analysis' are far weaker than named tools with applied examples.
Apply to employers with a documented history of sponsoring actuaries
Some firms sponsor actuarial analysts routinely while others never have. Checking public H-1B disclosure data for actuarial job titles at target employers helps you prioritize applications toward companies where sponsorship is an established practice, not an exception requiring internal approval.
Actuarial Analyst OPT: Frequently Asked Questions
Are Actuarial Analyst roles eligible for the STEM OPT extension?
Yes, if your degree is in a STEM-designated field such as Actuarial Science, Statistics, or Mathematics. The STEM OPT extension adds 24 months to your standard 12-month OPT period, giving you up to 36 months total. Your employer must be enrolled in E-Verify to support the extension, so confirm that requirement before accepting an offer.
Do actuarial employers commonly sponsor F-1 OPT students?
Yes, more than most financial services roles. Major insurance carriers like Prudential, MetLife, and Travelers, along with consulting firms like Milliman and Willis Towers Watson, have long histories of hiring and sponsoring international actuarial talent. The shortage of credentialed actuaries in the U.S. labor market makes employers more willing to invest in sponsorship for candidates with exam progress and relevant internship experience.
How do I find Actuarial Analyst jobs that explicitly sponsor OPT students?
Migrate Mate filters job listings specifically for F-1 OPT and visa sponsorship eligibility, so you're not wasting applications on roles that won't support your work authorization. Browse Actuarial Analyst openings on Migrate Mate to find employers who have already indicated they sponsor international candidates, saving you the uncertainty of discovering sponsorship limitations late in the process.
Does working toward SOA or CAS exams improve my chances of sponsorship as an OPT student?
Significantly. Actuarial exam progress is one of the strongest signals employers use when evaluating early-career candidates. Candidates who have passed one or two exams before their first full-time role are easier to justify sponsoring because the credential path is clear. Some firms also offer study time and exam reimbursement as part of their actuarial development programs, which further incentivizes them to retain sponsored employees long-term.
What happens to my OPT authorization if I switch from one actuarial employer to another?
You can change employers on OPT as long as your new role qualifies as a job in your field of study. You must report the employer change to your DSO within 10 days. If you're on a STEM OPT extension, the new employer must also be enrolled in E-Verify, and you'll need to submit an updated Form I-983 training plan. Gaps in employment exceeding 90 cumulative days can jeopardize your OPT status, so timing your transition carefully matters.