OPT Actuarial Manager Jobs
Actuarial Manager roles sit at the intersection of statistical expertise and leadership, making them strong candidates for OPT sponsorship. Most require Fellowship or Associateship credentials alongside a quantitative degree. Your 12-month OPT window, or 24-month STEM extension, gives you meaningful time to demonstrate value and secure H-1B visa sponsorship from an insurance carrier, consulting firm, or financial institution.
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Schedule: 8am-5pm Monday-Friday
Location: 1 Monarch Place; Springfield MA; Hybrid Opportunity
This position will perform actuarial analyses for Commercial, Medicaid and Medicare business including, but not limited to: medical expense analyses and projections, determining rates and preparing supporting documentation for rate filings with DOI, pharmacy analytics and projections, building and maintaining rate models, analyzing data in support of monthly reserve process, and ad hoc actuarial analyses. In addition, this position will work closely with the legal department to identify, size and communicate financial risks and opportunities related to legislative and regulatory changes including impacts to premiums, benefits and product designs.
Accountabilities
- Provide data and support for the development of rate filings for submission to the Department of Insurance and CMS.
- Closely monitors and assesses competitors' rates, trends and rating methodologies.
- Supports various initiatives as needed by actuarial modeling.
- Develops/enhances ad hoc reports to assist in actuarial analyses of emerging results.
- Creates and maintains large databases of information utilizing a unique skill set of spreadsheet and relational database abilities.
- Assists in setting and documenting financial liabilities including IBNR Reserves, PDR, Risk Adjustment and other outstanding items.
- Conducts cross-functional analysis of health care data to identify trends and risks.
- Develop data and reports in support of reinsurance, risk adjustment and risk corridors, ensuring accurate impacts in pricing and coordination with rebate determination.
- Assess the financial or pricing impact of variations in benefits and provider contracts.
- Estimate mandated benefit cost and calculate pricing of benefit changes.
- Tracks trends and reports pertinent financial and utilization information.
- Perform other related projects and duties as assigned.
Internal
- Finance
- Analytics and Reporting
External
- Organization’s name
- NCQA
Dimensions
- Business units supported
- Financial dimensions (e.g., capital budget, annual project cost, operating budget)
- Regulatory bodies and special requirements
- NCQA Accreditation standards
- HNE Policies and Procedures supporting NCQA standards
- Gap analysis
- Supports HNE LOBs to meet NCQA accreditation standards
Education / Experience / Other Information
- Bachelor's Degree required, preferably in Actuarial Science/Mathematics/Finance/Healthcare Management or a related field or an equivalent combination of education and experience.
- 3-4 Actuarial Exams minimum, ASA preferred
- 2-3 years of previous experience.
- Excellent quantitative, problem solving and analytical skills.
- Strong communication skills.
- Technical skills with database concepts, data analysis development, data warehousing and decision support tools.
- Knowledge of MS-Office products, SAS or SQL required.
Working Conditions
Standard office-based environment; non-standard hours may be of occurrence. Limited travel required, usually pre-planned. Extensive period working with laptops and looking at monitors may cause visual discomfort.
Education:
Bachelors Degree (Required)
Certifications:
Compensation
Note: The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range. Pay ranges are listed as hourly for non-exempt employees and based on assumed full time commitment for exempt employees.
Minimum – Midpoint – Maximum
$158,371.00 – $182,041.00 – $215,342.00
Equal Employment Opportunity Employer
Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.
Summary
Schedule: 8am-5pm Monday-Friday
Location: 1 Monarch Place; Springfield MA; Hybrid Opportunity
This position will perform actuarial analyses for Commercial, Medicaid and Medicare business including, but not limited to: medical expense analyses and projections, determining rates and preparing supporting documentation for rate filings with DOI, pharmacy analytics and projections, building and maintaining rate models, analyzing data in support of monthly reserve process, and ad hoc actuarial analyses. In addition, this position will work closely with the legal department to identify, size and communicate financial risks and opportunities related to legislative and regulatory changes including impacts to premiums, benefits and product designs.
Accountabilities
- Provide data and support for the development of rate filings for submission to the Department of Insurance and CMS.
- Closely monitors and assesses competitors' rates, trends and rating methodologies.
- Supports various initiatives as needed by actuarial modeling.
- Develops/enhances ad hoc reports to assist in actuarial analyses of emerging results.
- Creates and maintains large databases of information utilizing a unique skill set of spreadsheet and relational database abilities.
- Assists in setting and documenting financial liabilities including IBNR Reserves, PDR, Risk Adjustment and other outstanding items.
- Conducts cross-functional analysis of health care data to identify trends and risks.
- Develop data and reports in support of reinsurance, risk adjustment and risk corridors, ensuring accurate impacts in pricing and coordination with rebate determination.
- Assess the financial or pricing impact of variations in benefits and provider contracts.
- Estimate mandated benefit cost and calculate pricing of benefit changes.
- Tracks trends and reports pertinent financial and utilization information.
- Perform other related projects and duties as assigned.
Internal
- Finance
- Analytics and Reporting
External
- Organization’s name
- NCQA
Dimensions
- Business units supported
- Financial dimensions (e.g., capital budget, annual project cost, operating budget)
- Regulatory bodies and special requirements
- NCQA Accreditation standards
- HNE Policies and Procedures supporting NCQA standards
- Gap analysis
- Supports HNE LOBs to meet NCQA accreditation standards
Education / Experience / Other Information
- Bachelor's Degree required, preferably in Actuarial Science/Mathematics/Finance/Healthcare Management or a related field or an equivalent combination of education and experience.
- 3-4 Actuarial Exams minimum, ASA preferred
- 2-3 years of previous experience.
- Excellent quantitative, problem solving and analytical skills.
- Strong communication skills.
- Technical skills with database concepts, data analysis development, data warehousing and decision support tools.
- Knowledge of MS-Office products, SAS or SQL required.
Working Conditions
Standard office-based environment; non-standard hours may be of occurrence. Limited travel required, usually pre-planned. Extensive period working with laptops and looking at monitors may cause visual discomfort.
Education:
Bachelors Degree (Required)
Certifications:
Compensation
Note: The compensation range(s) in the table below represent the base salaries for all positions at a given grade across the health system. Typically, a new hire can expect a starting salary somewhere in the lower part of the range. Actual salaries may vary by position and will be determined based on the candidate's relevant experience. No employee will be paid below the minimum of the range. Pay ranges are listed as hourly for non-exempt employees and based on assumed full time commitment for exempt employees.
Minimum – Midpoint – Maximum
$158,371.00 – $182,041.00 – $215,342.00
Equal Employment Opportunity Employer
Baystate Health is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, ancestry, age, genetic information, disability, or protected veteran status.
See all OPT Actuarial Manager Jobs
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Get Access To All JobsTips for Finding OPT Sponsorship as an Actuarial Manager
Lead with your actuarial credentials
ACAS, FCAS, ASA, or FSA designations signal to employers that you're exam-progression serious. Hiring managers at sponsoring firms prioritize candidates mid-exam track because credentialing timelines align naturally with multi-year H-1B visa sponsorship commitments.
Target insurance carriers and large consulting firms first
Insurers like major P&C carriers and life companies have established OPT and H-1B pipelines. Large actuarial consulting practices sponsor regularly. Smaller boutiques rarely have the legal infrastructure, so focus your energy where sponsorship history already exists.
Frame your OPT timeline around exam milestones
Connecting your remaining exam schedule to the employer's credentialing needs reframes OPT as an asset. A candidate who passes two exams during OPT and transitions to H-1B status is a compelling investment, not an immigration risk.
Emphasize your STEM OPT eligibility explicitly
Actuarial science, statistics, and mathematics degrees qualify for the 24-month STEM OPT extension, giving employers a 36-month window before H-1B sponsorship is urgent. State this clearly in applications. Many hiring managers underestimate how much time they actually have.
Demonstrate leadership experience beyond technical output
Actuarial Manager roles require supervising analysts and communicating results to non-technical stakeholders. Highlight team lead experience, mentorship, or cross-functional project ownership. Employers sponsoring at the manager level expect this beyond exam progress and technical modeling skills.
Prepare for the specialty occupation conversation
Actuarial Manager positions qualify as specialty occupations for H-1B purposes given the degree and credentialing requirements. Understanding this strengthens your conversations with recruiters unfamiliar with sponsorship, helping them engage their legal teams with confidence rather than hesitation.
Actuarial Manager OPT: Frequently Asked Questions
Can F-1 OPT students work as Actuarial Managers in the United States?
Yes. F-1 students authorized for OPT can work as Actuarial Managers, provided the role relates to their degree field. Actuarial science, statistics, mathematics, and related quantitative degrees all support this connection. If your degree qualifies for STEM OPT, you may be eligible for a 24-month extension beyond the initial 12 months, giving you up to 36 months of work authorization.
Does an Actuarial Manager role qualify for the STEM OPT extension?
It depends on your underlying degree, not the job title. If you hold a degree in actuarial science, statistics, mathematics, or a related STEM field listed on the STEM Designated Degree Program List, your degree qualifies for the 24-month STEM OPT extension. The Actuarial Manager role itself is not evaluated for STEM eligibility. Confirm your degree classification with your DSO before applying for the extension.
Which types of employers are most likely to sponsor Actuarial Managers for H-1B visas?
Property and casualty insurers, life and health carriers, reinsurance companies, and large actuarial consulting practices have the most established H-1B sponsorship pipelines for actuarial roles. Employers who already credential and develop actuaries internally are accustomed to the multi-year investment sponsorship requires. You can browse Actuarial Manager openings at OPT-friendly employers directly on Migrate Mate.
What actuarial credentials strengthen an OPT student's sponsorship case?
Progress toward ASA or FSA (Society of Actuaries) or ACAS or FCAS (Casualty Actuarial Society) designations significantly strengthens your candidacy. Employers sponsoring at the manager level are making a long-term credential investment. Candidates with three or more exams passed and a clear path to Fellowship are viewed as lower-risk sponsorship hires than those early in the exam sequence.
Does an Actuarial Manager position qualify as a specialty occupation for H-1B purposes?
Yes. Actuarial Manager roles require at minimum a bachelor's degree in actuarial science, mathematics, or a related quantitative field, alongside professional credentialing progress. USCIS consistently recognizes actuarial positions as specialty occupations. This means your employer can file an H-1B petition on your behalf, and the role's requirements naturally satisfy the specialty occupation standard without unusual documentation burdens.