OPT Actuarial Consultant Jobs
Actuarial Consultant roles are among the most OPT-friendly positions in finance and insurance, most require a relevant quantitative degree, and employers in this field are experienced with sponsoring international candidates through OPT and beyond. STEM OPT extension eligibility depends on your degree classification, so confirm your program's CIP code with your DSO before applying.
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INTRODUCTION
We're Looking for an experienced Senior Actuarial Assistant, ERM & Planning!
About the Company:
Security Benefit is a leader in the U.S. retirement market with more than $75 billion in assets under management. We offer opportunities to thrive, innovate, and make an impact. As part of our team, you’ll play a key role in driving the future of the U.S. retirement industry. Security Benefit is a PLACE where we promise to help our customers To and Through Retirement®.
We’re proud to have been recognized as one of the best in the business:
- Named to Ward’s 50 list of top-performing life-health insurance companies
- Recognized on list of Ingram’s Top 100 Private Companies in the Kansas City area in 2025
ABOUT THE ROLE
As a Senior Actuarial Assistant, ERM & Planning, you will be a key production contributor within the Risk & Planning actuarial team. You will use strong hands-on Prophet skills to develop, maintain, execute, troubleshoot, and validate financial projection models supporting the Company’s Own Risk and Solvency Assessment (ORSA), Commercial Insurer’s Solvency Self-Assessment (CISSA) filings, capital planning, and enterprise stress testing across Security Benefit Life and an offshore reinsurer. You will manage assigned modeling workstreams and production timelines with limited oversight, deliver reliable projection outputs, and prepare analysis for review by the Director & Actuary. You will receive guidance on significant methodology, assumption, and model architecture decisions.
This full-time position reports directly to the Director & Actuary, ERM & Planning. It may be based in Topeka or Overland Park, Kansas. Security Benefit associates work in a hybrid environment with both remote and on-site work.
Responsibilities
- Develop, maintain, execute, troubleshoot, and validate financial projection models supporting ORSA, CISSA, capital planning, and enterprise risk management activities across Security Benefit Life and the offshore reinsurer.
- Manage assigned multi-year projection and stress-testing workstreams with limited oversight, maintain progress against established timelines, and communicate status and risks to the Director & Actuary.
- Perform financial projections, stress testing, and capital adequacy analyses to evaluate solvency, earnings, and risk outcomes.
- Perform asset-liability management analyses by incorporating asset projections, reinvestment strategies, and investment assumptions into enterprise financial projections.
- Prepare and validate economic scenarios, model inputs, actuarial assumptions, model point files, and actuarial tables; evaluate the effects of market, interest rate, credit, and policyholder behavior risks on financial results, capital adequacy, and RBC metrics.
- Test Prophet model changes, investigate run errors and unexpected results, complete reconciliations and attribution analyses, and document findings and resolutions.
- Produce actuarial projection outputs for the annual ORSA filings for SBL and the offshore reinsurer and deliver results to the Senior ERM Analyst on schedule for report integration.
- Prepare clear summaries of model results, key drivers, and open issues for review by the Director & Actuary before materials are shared with the CRO or ERM Committee.
- Coordinate with Finance, Investments, Legal, and other partners to obtain accurate inputs and align on planning assumptions; escalate material modeling issues, timeline risks, or assumption conflicts promptly.
- Improve modeling efficiency through automation and process enhancements, and maintain clear model documentation supporting team continuity, knowledge transfer, and audit readiness.
- Provide technical support and peer review to less experienced team members as requested.
BASIC QUALIFICATIONS
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
- Minimum of four actuarial exams passed and actively working toward the ASA designation.
- 3+ years of actuarial experience, preferably in financial modeling, financial projections, asset-liability management, valuation, or a related actuarial function.
- Strong hands-on Prophet experience, including model execution, troubleshooting, testing, validation, and analysis of projection results.
- Ability to manage assigned modeling work with limited oversight, meet deadlines, and communicate progress and issues clearly.
- Strong analytical, problem-solving, and technical communication skills.
PREFERRED QUALIFICATIONS
- Experience with ORSA, CISSA, stress testing, capital planning, or enterprise risk management.
- Knowledge of life insurance and annuity products, including fixed and indexed annuities.
- Experience with asset-liability management, financial projections, valuation, or capital analysis.
- Programming experience with Python, SQL, VBA, or similar analytical tools.
- Exposure to multi-entity, reinsurance, captive, or offshore insurance structures, including BMA- and CIMA-regulated entities.
WHY CHOOSE SECURITY BENEFIT?
When you join our team, you’re not just getting a paycheck — you’re getting a career path full of growth opportunities, plus a robust benefits package that puts your well-being first. Here’s what you can expect as a full-time Security Benefit associate:
- Competitive salary and annual incentive bonuses to reward your contributions.
- 33 days of paid time off (including PTO, holidays, Volunteer Day, and days of significance).
- Paid parental leave after 90 days of service.
- Comprehensive medical, dental & vision insurance.
- 401(k) with company match, plus Profit Sharing & Savings Plan.
- Short- and Long-Term Disability Insurance to give you peace of mind.
- Flexible Spending Accounts for medical and dependent care.
- Life Insurance to protect your loved ones.
- Educational assistance to support your career development.
- Associate assistance programs for your personal and professional well-being.
LOCATION
It may be based in Topeka or Overland Park, Kansas.
Ready to Make an Impact?
Apply today by visiting our career page to submit your resume. We’re excited to meet you!
Security Benefit is an Equal Opportunity Employer.
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Get Access To All JobsTips for Finding OPT Sponsorship as an Actuarial Consultant
Confirm your STEM OPT eligibility early
Actuarial Consultant roles often qualify for the 24-month STEM OPT extension if your degree is in statistics, mathematics, or a related quantitative field. Verify your program's CIP code with your DSO before applying to avoid surprises.
Prioritize employers with active OPT sponsorship history
Insurance companies, consulting firms, and financial services employers like Deloitte, Milliman, and Aon have established international hiring pipelines. Focus your search on mid-to-large employers with dedicated actuarial practices and structured hiring programs.
Lead with your actuarial exam progress
Employers weigh exam progression heavily when evaluating actuarial candidates. Passing even two or three Society of Actuaries exams significantly strengthens your application and signals long-term commitment, which directly eases concerns about OPT timelines.
Address your OPT timeline proactively in interviews
Be prepared to explain your authorization period clearly. Mentioning your STEM extension eligibility and H-1B visa sponsorship pathway upfront reassures hiring managers unfamiliar with OPT, reducing the risk of being screened out before a real conversation happens.
Target roles that align precisely with your degree field
Your OPT work must be directly related to your degree. A statistics or actuarial science degree maps cleanly to Actuarial Consultant roles. A broader business degree may create complications, so verify the connection with your DSO before accepting an offer.
Apply early in the hiring cycle
Actuarial hiring at major firms often follows structured recruiting timelines, with offers extended months in advance. Applying early gives employers time to navigate any internal approval processes required for sponsoring international candidates on OPT authorization.
Actuarial Consultant OPT: Frequently Asked Questions
Do Actuarial Consultant employers commonly sponsor OPT students?
Yes. Insurance carriers, actuarial consulting firms, and financial services companies regularly hire OPT students for actuarial roles. Employers in this field are generally experienced with international candidates because actuarial programs attract a globally competitive applicant pool. Many also sponsor H-1B petitions after OPT, making this one of the stronger fields for long-term work authorization. Browse open roles with confirmed OPT sponsorship on Migrate Mate.
Does an Actuarial Consultant role qualify for the STEM OPT extension?
It depends on your degree, not the job title. If your degree is in actuarial science, statistics, mathematics, or a closely related quantitative field with a qualifying CIP code, your role will almost certainly support a STEM OPT extension request. Confirm the CIP code with your DSO and ensure your employer is enrolled in E-Verify, which is a requirement for the 24-month extension.
Can I work as an Actuarial Consultant at a consulting firm on OPT?
Yes, consulting firm employment is fully compatible with OPT as long as the work is directly related to your degree field. The key consideration is that your OPT authorization is tied to your specific employer. If you change firms during your OPT period, you must update your DSO and ensure continuous employment to remain in valid status. Gaps between positions can affect your OPT authorization.
How does actuarial exam progress affect my OPT job search?
Actuarial exam progress matters significantly. Most employers evaluate candidates on how many Society of Actuaries or Casualty Actuarial Society exams they've passed. Candidates with two or more exams completed are substantially more competitive, and some structured programs require at least one passing exam to apply. Strong exam progress also signals to sponsoring employers that you're a long-term investment worth the OPT and eventual H-1B sponsorship process.
What happens to my OPT authorization if my Actuarial Consultant role ends?
OPT students are allowed up to 90 days of cumulative unemployment during the standard 12-month OPT period, or up to 150 days during an approved STEM extension. If your role ends, begin your job search immediately. Unused unemployment days don't carry over, and exceeding the limit terminates your OPT authorization. Document your job search activity and keep your DSO informed throughout any gap period.