Actuarial Manager Jobs for OPT Students
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 sponsorship from an insurance carrier, consulting firm, or financial institution.
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Get Access To All JobsRemote type: Hybrid/Remote
Locations: Flexible, but preferably in US/Canada (New York, Chicago, Montreal)
Time type: Full time
Company Overview:
The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty. The Property and Casualty Consulting Practice assists insurance companies, self-insured corporations, government entities, and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients on their qualitative assessment and quantification of risk and loss exposures, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.
Summary
Oliver Wyman’s US P&C Actuarial Consulting Practice is hiring an Actuarial Manager/Senior Manager — Domain Specialist with deep expertise in at least one of these areas: pricing, reserving, or capital modeling. This is an actuarial role centered on technical judgement: validating models and assumptions, challenging outputs, and providing clear actuarial recommendations to senior stakeholders. The Actuarial Manager will work closely with actuarial consultants and analysts to execute projects. The candidate profile aligns with deep hands-on actuarial experience in reserving, capital modelling or pricing.
Responsibilities
- Provide technical leadership in your area of expertise as you support our practice’s business development and sales initiatives as well as client engagements.
- Validate, challenge and sign-off model outputs and assumptions (deterministic and stochastic), ensuring appropriate documentation and audit trails for committee and regulatory review.
- Perform and oversee complex actuarial analyses, that meet actuarial standards of practice and prepare thorough actuarial documentation to support your work.
- Lead internal client projects, and review changes made by project teams to ensure our deliverables address business objectives.
- Communicate our actuarial findings and recommendations to key stakeholders, such as finance, risk and senior management.
- Work closely with our actuarial developers: translate actuarial judgement into precise model requirements, review developer changes, and verify implementations through independent testing and reconciliation.
- Prepare clear, executive-level reports and present findings to senior stakeholders (Reserve Committees, CFO/Chief Actuary level), and mentor junior actuarial staff.
Qualifications
Required
- Fellowship in a recognized actuarial body (e.g., FCAS/FIA) or equivalent senior actuarial qualification.
- Substantial hands-on experience in reserving, pricing and/or capital/regulatory modelling within P&C insurance or reinsurance (multiple years’ operating independently on core actuarial processes).
- Strong technical skills with actuarial tools and languages (experience with Python, VBA, SQL, or R is advantageous).
- Demonstrated experience preparing actuarial reports or papers and interacting with senior stakeholders and auditors.
- Proven ability to challenge model development teams constructively and to translate actuarial judgement into testable, auditable requirements.
Preferred
- Track record of running innovation or efficiency projects that improved actuarial processes or model robustness.
- Proven mentoring / training experience for junior actuaries and cross-departmental collaboration.
Why Work for Us
The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts, and veterans of military service at Oliver Wyman. Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered at US Benefits | Marsh McLennan.
The applicable base salary range for this role is $125k - $200k. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.
R_339486
Remote type: Hybrid/Remote
Locations: Flexible, but preferably in US/Canada (New York, Chicago, Montreal)
Time type: Full time
Company Overview:
The Actuarial Consulting Practice of Oliver Wyman advises clients across a broad spectrum of risk management issues. We are a rapidly growing practice with offices across the globe. Our actuaries hold the highest professional qualifications and are recognized as experts in their field(s). We use mathematical and statistical modeling skills and our qualitative assessment methodologies to assist clients in evaluating and addressing risk. Our solutions help clients manage and prepare for the potential financial consequences of uncertain future events. We bring a combination of broad-based expertise with specialized knowledge of specific risks, allowing us to provide independent, objective advice in the three primary areas of risk: healthcare, life and annuity, and property and casualty. The Property and Casualty Consulting Practice assists insurance companies, self-insured corporations, government entities, and other organizations with all aspects of managing property and casualty insurance exposures. We guide P&C clients on their qualitative assessment and quantification of risk and loss exposures, and offer advice on a range of issues, from external business strategy and internal risk management to economic capital modeling and new product development.
Summary
Oliver Wyman’s US P&C Actuarial Consulting Practice is hiring an Actuarial Manager/Senior Manager — Domain Specialist with deep expertise in at least one of these areas: pricing, reserving, or capital modeling. This is an actuarial role centered on technical judgement: validating models and assumptions, challenging outputs, and providing clear actuarial recommendations to senior stakeholders. The Actuarial Manager will work closely with actuarial consultants and analysts to execute projects. The candidate profile aligns with deep hands-on actuarial experience in reserving, capital modelling or pricing.
Responsibilities
- Provide technical leadership in your area of expertise as you support our practice’s business development and sales initiatives as well as client engagements.
- Validate, challenge and sign-off model outputs and assumptions (deterministic and stochastic), ensuring appropriate documentation and audit trails for committee and regulatory review.
- Perform and oversee complex actuarial analyses, that meet actuarial standards of practice and prepare thorough actuarial documentation to support your work.
- Lead internal client projects, and review changes made by project teams to ensure our deliverables address business objectives.
- Communicate our actuarial findings and recommendations to key stakeholders, such as finance, risk and senior management.
- Work closely with our actuarial developers: translate actuarial judgement into precise model requirements, review developer changes, and verify implementations through independent testing and reconciliation.
- Prepare clear, executive-level reports and present findings to senior stakeholders (Reserve Committees, CFO/Chief Actuary level), and mentor junior actuarial staff.
Qualifications
Required
- Fellowship in a recognized actuarial body (e.g., FCAS/FIA) or equivalent senior actuarial qualification.
- Substantial hands-on experience in reserving, pricing and/or capital/regulatory modelling within P&C insurance or reinsurance (multiple years’ operating independently on core actuarial processes).
- Strong technical skills with actuarial tools and languages (experience with Python, VBA, SQL, or R is advantageous).
- Demonstrated experience preparing actuarial reports or papers and interacting with senior stakeholders and auditors.
- Proven ability to challenge model development teams constructively and to translate actuarial judgement into testable, auditable requirements.
Preferred
- Track record of running innovation or efficiency projects that improved actuarial processes or model robustness.
- Proven mentoring / training experience for junior actuaries and cross-departmental collaboration.
Why Work for Us
The Actuarial Practice of Oliver Wyman seeks to invest in its people by fostering a safe and inclusive environment, respecting and welcoming different perspectives, promoting an ownership culture, providing opportunities for individuals to develop their personal brand, and celebrating successes and rewarding performance. There are employee groups for: the LGBT+ community, racially and ethnically diverse employees, women, family life, introverts, and veterans of military service at Oliver Wyman. Oliver Wyman offers a performance-based pay program that rewards colleagues for the contributions they make to our business results, including year-end bonuses based on personal and corporate performance. We also offer an impressive array of benefits. Explore all the benefits offered at US Benefits | Marsh McLennan.
The applicable base salary range for this role is $125k - $200k. The base pay offered will be determined on factors such as experience, skills, training, location, certifications, and education, and any applicable minimum wage requirements. Decisions will be determined on a case-by-case basis. In addition to the base salary, this position may be eligible for performance-based incentives. We are excited to offer a competitive total rewards package which includes health and welfare benefits, tuition assistance, 401K savings and other retirement programs as well as employee assistance programs.
R_339486
How to Get Visa 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 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.
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 jobs are hiring across the US. Find yours.
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Get Access To All JobsFrequently 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.
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