Actuarial Associate Jobs for OPT Students
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 JobsAbout Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
This role will provide critical support to the Annuity Product Development function of RiverSource. Primary responsibilities of this role include fixed renewal rate setting, supporting Structured annuity renewal rate setting, renewal rate implementation, maintaining & documenting SOX controls and providing various inforce crediting rate summaries for downstream usage.
Key Responsibilities
- This position will support the Annuity Product Development team with a focus on renewal rate setting and implementation for annuities. Serve as subject matter expert on renewal rate setting & summarizing and communicating results to middle management.
- Lead the implementation of renewal rates while maintaining proper controls and documentation for SOX purposes.
- Provide technical analysis and support by operating, improving and documenting tools used in renewal rate setting. Utilize strong problem solving skills to investigate current client crediting rates, historical crediting rates, product design, and historical rate actions.
- Identify and take active role in process improvements related to rate setting; cleaning up Access databases, converting process to Python, and converting processes to utilize Data Lake to support the decommissioning of FAM.
- Support ongoing reporting; summarize & communicate results of renewal rate setting to peers and middle management, tracking renewal demographics for Structured annuities, and communicating various summaries of inforce crediting rates for downstream usage.
Required Qualifications
- Bachelors degree or equivalent experience
- All introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement
- Validation by Education Experience (VEE) coursework completion.
- 3 years of actuarial experience
- Ability to work independently; self starter
- Strong written and verbal communication skills
- Ability to build strong relationships
Preferred Qualifications
- Bachelors degree with focus on Actuarial Science, Mathematics, Statistics, Data Science or related disciplines
- Experience with MS Excel, VBA, MS Access, and other database applications
- Previous experience with annuities
- Strong analytical, quantitative and problem-solving skills
- Strong technical skill set (Excel, VBA, Python, actuarial modeling software)
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $93,400 - $128,400 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
RSA Annuities
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
About Our Company
We’re a diversified financial services leader with more than $1.5 trillion in assets under management, administration and advisement as of year-end 2024. Our team of 22,000 people across 19 countries serves more than 3.5 million individual, small business and institutional clients. We are a longstanding leader in financial planning and advice, a global asset manager and an insurer. Our unwavering focus on our clients and strong financial foundation connects each of our unique businesses – Ameriprise Financial, Columbia Threadneedle Investments and RiverSource Insurance and Annuities. Here, we foster meaningful careers, invest in the future, and make a difference for clients, institutions and communities around the world.
Job Description
This role will provide critical support to the Annuity Product Development function of RiverSource. Primary responsibilities of this role include fixed renewal rate setting, supporting Structured annuity renewal rate setting, renewal rate implementation, maintaining & documenting SOX controls and providing various inforce crediting rate summaries for downstream usage.
Key Responsibilities
- This position will support the Annuity Product Development team with a focus on renewal rate setting and implementation for annuities. Serve as subject matter expert on renewal rate setting & summarizing and communicating results to middle management.
- Lead the implementation of renewal rates while maintaining proper controls and documentation for SOX purposes.
- Provide technical analysis and support by operating, improving and documenting tools used in renewal rate setting. Utilize strong problem solving skills to investigate current client crediting rates, historical crediting rates, product design, and historical rate actions.
- Identify and take active role in process improvements related to rate setting; cleaning up Access databases, converting process to Python, and converting processes to utilize Data Lake to support the decommissioning of FAM.
- Support ongoing reporting; summarize & communicate results of renewal rate setting to peers and middle management, tracking renewal demographics for Structured annuities, and communicating various summaries of inforce crediting rates for downstream usage.
Required Qualifications
- Bachelors degree or equivalent experience
- All introductory ASA exams plus 1 Actuarial/Advanced ASA Exam or Requirement
- Validation by Education Experience (VEE) coursework completion.
- 3 years of actuarial experience
- Ability to work independently; self starter
- Strong written and verbal communication skills
- Ability to build strong relationships
Preferred Qualifications
- Bachelors degree with focus on Actuarial Science, Mathematics, Statistics, Data Science or related disciplines
- Experience with MS Excel, VBA, MS Access, and other database applications
- Previous experience with annuities
- Strong analytical, quantitative and problem-solving skills
- Strong technical skill set (Excel, VBA, Python, actuarial modeling software)
Visa Sponsorship
Applicants must have a valid work authorization that does not now, or in the future, require visa sponsorship for employment in the United States (e.g., H-1B, F-1 CPT, F-1 OPT, TN).
In-Office Collaboration
We are a client-centric, relationship-based business. Working together, in-person, is foundational to how we achieve results. By fostering a culture of face-to-face collaboration, idea sharing, productivity and personal connection, we deliver for our stakeholders — clients, advisors, employees and shareholders. Our employees work in the office at least four (4) days per week, with flexibility to work from home one (1) day per week. Some roles may require additional in-office time or different in-office expectations, and specific requirements will be discussed during the hiring process.
Base Pay Salary
The estimated base salary for this role is $93,400 - $128,400 / year. We have a pay-for-performance compensation philosophy. Your initial total compensation may vary based on job-related knowledge, skills, experience, and geographical work location. In addition, most of our roles are eligible for variable pay in the form of bonus, commissions, and/or long-term incentives depending on the role. We also have a competitive and comprehensive benefits program that supports all aspects of your health and well-being, including but not limited to vacation time, sick time, 401(k), and health, dental and life insurances.
Full-Time/Part-Time
Full time
Exempt/Non-Exempt
Exempt
Job Family Group
Finance
Line of Business
RSA Annuities
Ameriprise Financial is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, gender expression, national origin, ancestry, age, physical or mental disability, medical condition, pregnancy, military status, veteran status, genetic information, citizenship, disability status, marital status, family status or any other basis prohibited by law.
We are committed to fostering an inclusive and accessible recruitment process for individuals with disabilities. If you require a reasonable accommodation to participate in the application or interview process, speak to your recruiter to discuss how we can support you.
How to Get Visa 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.
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Get Access To All JobsFrequently 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.
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