OPT Actuarial Associate Jobs
Actuarial Associate roles are among the more OPT-friendly positions in financial services. Large insurers and consulting firms regularly sponsor H-1B visas, making them viable long-term options. Your exam progress, particularly passed SOA or CAS exams, often matters more to employers than your visa status.
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Get Access To All JobsRequisition ID
93948
Department
Corporate Finance
Job Function
Corporate Finance
Location
New York, New York, United States
Role Location Designation
Fully Onsite
Location: 51 Madison Avenue, New York, New York 10010
Offered Wage: $160,000.00 - $212,200.00/year
Duties:
- Conduct experience studies to analyze historical data on insurance claims, policyholder demographics, and incidence rates.
- Develop and maintain statistical models to assess the accuracy of actuarial assumptions and evaluate the performance of insurance products.
- Collaborate with actuaries, underwriters, and other stakeholders to understand business objectives and identify areas for improvement in pricing, risk management.
- Interpret study results to provide insights into emerging trends, potential risks, and opportunities for optimization.
- Prepare reports and presentations summarizing findings from experience studies and communicate recommendations to senior management and other stakeholders.
- Assist in the development of actuarial models and tools to support pricing.
- Stay current with industry trends, regulatory developments, and best practices in actuarial science, and apply this knowledge to enhance analysis techniques and methodologies.
- Provide support for regulatory filings, audits, and other compliance-related activities as needed.
- Perform actuarial research and statistical analyses.
- Work closely with and provide case-specific pricing support for our Underwriting team.
- Develop pricing for new product features or new products as needed.
- Assist with onboarding/coordinating with students and/or interns.
Education & Experience Requirements:
Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field (willing to accept foreign education equivalent) plus two (2) years of experience as an Actuary or related role analyzing insurance data, developing and maintaining models, optimizing pricing and risk management, and supporting compliance. Experience must include:
- Utilizing SQL, Python, Excel, and Tableau to clean, analyze, and visualize data;
- Monitoring and updating assumptions for life, health, or annuity products;
- Performing actuarial pricing and modeling of liabilities for life, health, or annuity products;
- Interacting with senior management, product managers, underwriters, other actuaries, and IT to clarify technical actuarial topics to both technical and non-technical audiences.
Must possess Associate of the Society of Actuaries (ASA) designation or be working toward an ASA designation. Up to 5% domestic travel required. Hybrid – 3 days in office/2 days remote. Eligible for Employee Referral Program.
Pay Transparency
Overtime eligible: Exempt
Discretionary bonus eligible: No
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.
Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.
Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners.
Job Requisition ID: 93948
Requisition ID
93948
Department
Corporate Finance
Job Function
Corporate Finance
Location
New York, New York, United States
Role Location Designation
Fully Onsite
Location: 51 Madison Avenue, New York, New York 10010
Offered Wage: $160,000.00 - $212,200.00/year
Duties:
- Conduct experience studies to analyze historical data on insurance claims, policyholder demographics, and incidence rates.
- Develop and maintain statistical models to assess the accuracy of actuarial assumptions and evaluate the performance of insurance products.
- Collaborate with actuaries, underwriters, and other stakeholders to understand business objectives and identify areas for improvement in pricing, risk management.
- Interpret study results to provide insights into emerging trends, potential risks, and opportunities for optimization.
- Prepare reports and presentations summarizing findings from experience studies and communicate recommendations to senior management and other stakeholders.
- Assist in the development of actuarial models and tools to support pricing.
- Stay current with industry trends, regulatory developments, and best practices in actuarial science, and apply this knowledge to enhance analysis techniques and methodologies.
- Provide support for regulatory filings, audits, and other compliance-related activities as needed.
- Perform actuarial research and statistical analyses.
- Work closely with and provide case-specific pricing support for our Underwriting team.
- Develop pricing for new product features or new products as needed.
- Assist with onboarding/coordinating with students and/or interns.
Education & Experience Requirements:
Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance or related field (willing to accept foreign education equivalent) plus two (2) years of experience as an Actuary or related role analyzing insurance data, developing and maintaining models, optimizing pricing and risk management, and supporting compliance. Experience must include:
- Utilizing SQL, Python, Excel, and Tableau to clean, analyze, and visualize data;
- Monitoring and updating assumptions for life, health, or annuity products;
- Performing actuarial pricing and modeling of liabilities for life, health, or annuity products;
- Interacting with senior management, product managers, underwriters, other actuaries, and IT to clarify technical actuarial topics to both technical and non-technical audiences.
Must possess Associate of the Society of Actuaries (ASA) designation or be working toward an ASA designation. Up to 5% domestic travel required. Hybrid – 3 days in office/2 days remote. Eligible for Employee Referral Program.
Pay Transparency
Overtime eligible: Exempt
Discretionary bonus eligible: No
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual’s experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Company Overview
At New York Life, our 180-year legacy of purpose and integrity fuels our future. As we evolve into a more technology-, data-, and AI-enabled organization, we remain grounded in the values that drive lasting impact.
Our diverse business portfolio creates opportunities to make a difference across industries and communities—inviting bold thinking, collaborative problem-solving, and purpose-driven innovation. Here, you’ll find the rare balance of long-standing stability and forward momentum, supported by an inclusive team that honors tradition while embracing progress.
As a Fortune 100 mutual company, we offer a place to grow your skills, contribute to meaningful work, and deliver solutions that matter. Your ideas drive what’s next, and your growth powers it.
Our Benefits
We provide a full package of benefits for employees – and have unique offerings for a modern workforce, including leave programs, adoption assistance, and student loan repayment programs. Based on feedback from our employees, we continue to refine and add benefits to our offering, so that you can flourish both inside and outside of work.
Our Commitment to Inclusion
At New York Life, fostering an inclusive workplace is fundamental to who we are and how we serve our communities. We have a longstanding commitment to creating an environment where individuals can contribute their best and succeed together. This foundation is rooted in our core values of humanity and integrity, ensuring that every employee feels valued and supported. By embracing a broad range of perspectives and experiences, we achieve greater success and fulfill our promise of providing financial security and peace of mind to families across all communities.
Recognized as one of Fortune’s World’s Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners.
Job Requisition ID: 93948
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Get Access To All JobsTips for Finding OPT Sponsorship as an Actuarial Associate
Lead with your exam progress
Passed actuarial exams signal commitment and technical ability. List every passed exam prominently on your resume. Employers weigh exam progress heavily when evaluating candidates, and it often offsets concerns about sponsoring an OPT student for the role.
Target large insurers and consulting firms
Companies like large property-casualty insurers, life insurers, and actuarial consulting practices file H-1B petitions regularly. Firms with established actuarial programs are far more likely to have a sponsorship process already in place than smaller or niche employers.
Clarify your STEM OPT eligibility upfront
Actuarial Science, Mathematics, and Statistics degrees typically qualify for STEM OPT, giving you 36 months of work authorization. Confirm your degree's CIP code with your DSO early so you can communicate this timeline confidently to prospective employers.
Address sponsorship timing during the offer stage
Bring up H-1B sponsorship after receiving an offer, not during early interviews. At the offer stage, ask directly whether the company sponsors H-1B petitions for actuarial roles. Having this conversation too early can remove you from consideration unnecessarily.
Pursue the ACAS or ASA designation path actively
Employers hiring OPT students often justify sponsorship costs by projecting long-term value. Being on a clear path toward an Associate designation demonstrates that investment is worthwhile and strengthens the business case for sponsoring your H-1B petition.
Prepare a concise authorization summary for recruiters
Recruiters often misunderstand OPT. A one-paragraph written summary explaining your current authorization period, your STEM extension eligibility, and your H-1B cap-gap protection can move conversations forward faster and reduce confusion during the hiring process.
Actuarial Associate OPT: Frequently Asked Questions
Can I work as an Actuarial Associate on OPT without employer sponsorship?
Yes. OPT work authorization is granted by USCIS independently of your employer, so no sponsorship is required to start working. Your employer does not file any petition on your behalf during OPT. Sponsorship only becomes relevant if you want to remain in the U.S. long-term and need to transition to an H-1B or another work visa before your OPT expires.
Does an Actuarial Associate role qualify for STEM OPT extension?
It depends on your degree, not your job title. If your degree is in Actuarial Science, Mathematics, Statistics, or a related STEM field listed on the STEM OPT designated degree program list, you qualify for a 24-month extension beyond your initial 12-month OPT. Confirm your degree's CIP code with your Designated School Official before assuming eligibility.
How likely are Actuarial Associate employers to sponsor H-1B visas?
Large insurers and actuarial consulting firms sponsor H-1B petitions at higher rates than most industries. Actuarial roles are consistently classified as specialty occupations by USCIS, and the profession's credentialing path gives employers a strong business case for long-term investment. Smaller regional firms are less predictable, but enterprise-level employers with established actuarial departments are generally receptive to sponsorship conversations.
Where can I find Actuarial Associate jobs that are open to OPT candidates?
Migrate Mate is built specifically for F-1 OPT and visa-sponsored job searches. You can browse Actuarial Associate listings filtered by OPT eligibility, which removes the guesswork of identifying which employers are open to international students. Searching on Migrate Mate saves time compared to manually screening postings on general job boards that don't surface visa sponsorship information reliably.
What happens to my OPT status if my Actuarial Associate job ends?
You enter a 60-day grace period after your employment ends, during which you must either find new employment, change your visa status, or depart the United States. During standard OPT, USCIS requires that you maintain employment related to your degree. If you're on a STEM OPT extension, unemployment is capped at a total of 60 days across the entire extension period, so finding a new role quickly is important.