OPT Actuary Jobs
Actuary jobs on OPT are a strong fit for F-1 students with degrees in actuarial science, mathematics, statistics, or a related quantitative field. Most entry-level roles count toward STEM OPT extension eligibility, giving you up to 36 months of authorized work while you pursue exam credentials and employer sponsorship.
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Actuarial
About us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. For more information, visit transamerica.com.
Job Description Summary
Initiates, organizes, and directs actuarial research, experience studies, statistical analyses, calculations and audits.
Job Description
Responsibilities
- Develops actuarial assumptions to use in pricing, reserving or actuarial modeling, including experience studies in support of assumptions.
- Coordinates, prepares, and performs actuarial analyses to develop pricing strategies, valuation approach or risk management strategies.
- Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar processes.
- Prepares actuarial portion of financial reports or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.).
- Communicates actuarial research results to business unit management.
- May develop, maintain and document computer-based programs, Sarbanes-Oxley procedures and model validation.
- Maintains documentation of actuarial research and analyses.
- Provides consultation and clarification on actuarial models and risk issues.
- Coordinates and directs special actuarial projects.
- May supervise one or more Actuarial Analysts, Actuarial Students or Actuarial Technicians.
Qualifications
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
- In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience.
- ASA or equivalent professional designation.
- Demonstrates high quality judgment, organization and prioritization skills.
- Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
- Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
- Advanced computer skills.
Preferred Qualifications
- Programming skills.
Working Conditions
This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver). Relocation assistance will not be provided for this position.
Compensation
The salary for this position generally ranges between $100,000 - $125,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 12.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
- Competitive Pay
- Bonus for Eligible Employees
Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
Health and Work/Life Balance Benefits
- Paid Time Off starting at 160 hours annually for employees in their first year of service.
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars.
- Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
- Adoption Assistance
- Employee Assistance Program
- Back-Up Care Program
- PTO for Volunteer Hours
- Employee Matching Gifts Program
- Employee Resource Groups
- Inclusion and Diversity Programs
- Employee Recognition Program
- Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
Job Family
Actuarial
About us
At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.
Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment — one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.
Who We Are
We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.
Today, we’re part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what’s important to them.
We’re empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good — for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.
What We Do
Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.
Transamerica employs nearly 7,000 people. It’s part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide. For more information, visit transamerica.com.
Job Description Summary
Initiates, organizes, and directs actuarial research, experience studies, statistical analyses, calculations and audits.
Job Description
Responsibilities
- Develops actuarial assumptions to use in pricing, reserving or actuarial modeling, including experience studies in support of assumptions.
- Coordinates, prepares, and performs actuarial analyses to develop pricing strategies, valuation approach or risk management strategies.
- Develops and maintains profit studies, non-forfeiture values and Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) actuarial items, reserve programs, rate files, procedures and/or similar processes.
- Prepares actuarial portion of financial reports or other documents (e.g. state insurance department filings, rating agency survey forms, internal management reports, etc.).
- Communicates actuarial research results to business unit management.
- May develop, maintain and document computer-based programs, Sarbanes-Oxley procedures and model validation.
- Maintains documentation of actuarial research and analyses.
- Provides consultation and clarification on actuarial models and risk issues.
- Coordinates and directs special actuarial projects.
- May supervise one or more Actuarial Analysts, Actuarial Students or Actuarial Technicians.
Qualifications
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 5 years of relevant experience.
- In lieu of Bachelor's, will accept Master's in a listed discipline and 3 years of relevant experience.
- ASA or equivalent professional designation.
- Demonstrates high quality judgment, organization and prioritization skills.
- Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.
- Works well under pressure and within time constraints to effectively accomplish individual and team objectives.
- Advanced computer skills.
Preferred Qualifications
- Programming skills.
Working Conditions
This is a hybrid position requiring three days (Tuesday-Thursday) in office per week in one of our hub locations (Cedar Rapids, Baltimore, Philadelphia, or Denver). Relocation assistance will not be provided for this position.
Compensation
The salary for this position generally ranges between $100,000 - $125,000 annually. Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors including qualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.
Additionally, this position is typically eligible for an Annual Bonus of 12.5% based on the Company Bonus Plan/Individual Performance and is at the Company’s discretion.
Disclaimer:
Beware of fake job offers!
We’ve been alerted to scammers impersonating Transamerica recruiters, particularly for remote positions. Please note:
- We will never request personal information such as ID or payment for equipment upfront.
- Official offers are sent via DocuSign following a verbal offer—not through text or email.
This job description is not a contract of employment nor for any specific job responsibilities. The Company may change, add to, remove, or revoke the terms of this job description at its discretion. Managers may assign other duties and responsibilities as needed. In the event an employee or applicant requests or requires an accommodation to perform job functions, the applicable HR Business Partner should be contacted to evaluate the accommodation request.
What We Offer
For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.
Compensation Benefits
- Competitive Pay
- Bonus for Eligible Employees
Benefits Package
- Pension Plan
- 401k Match
- Employee Stock Purchase Plan
- Tuition Reimbursement
- Disability Insurance
- Medical Insurance
- Dental Insurance
- Vision Insurance
- Employee Discounts
- Career Training & Development Opportunities
Health and Work/Life Balance Benefits
- Paid Time Off starting at 160 hours annually for employees in their first year of service.
- Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).
- Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars.
- Parental Leave – fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.
- Adoption Assistance
- Employee Assistance Program
- Back-Up Care Program
- PTO for Volunteer Hours
- Employee Matching Gifts Program
- Employee Resource Groups
- Inclusion and Diversity Programs
- Employee Recognition Program
- Referral Bonus Programs
Inclusion & Diversity
We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.
To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.
Giving Back
We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.
Transamerica’s Parent Company
Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe. It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.
See all OPT Actuary Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new OPT Actuary Jobs.
Get Access To All JobsTips for Finding OPT Sponsorship as an Actuary
Target insurers and consulting firms with established OPT pipelines
Large insurance carriers and actuarial consulting firms hire OPT students regularly. Prioritize employers who have sponsored actuarial analysts before, as they understand OPT timelines and are more likely to support your H-1B visa petition down the line.
Confirm your degree qualifies for the STEM OPT extension
Actuarial science, applied mathematics, and statistics degrees typically appear on the STEM CIP code list. Verify your specific program qualifies before accepting an offer so you know whether you have 12 or 36 months of authorized work time.
Raise OPT early in final-round interviews
Actuarial hiring cycles move slowly due to exam requirements. Mention your OPT authorization and STEM extension eligibility before the offer stage so there are no surprises and the employer can align their H-1B sponsorship planning with your timeline.
Use passed actuarial exams to offset sponsorship hesitation
Employers weighing sponsorship costs look at long-term retention signals. Passing even one or two Society of Actuaries or Casualty Actuarial Society exams before your job search demonstrates commitment and makes you a stronger sponsorship candidate.
Understand the H-1B timing relative to your OPT end date
With STEM OPT, you can remain authorized through up to three H-1B lottery cycles. Map your OPT expiration against the April lottery and October 1 start date so you and your employer can plan the petition filing without gaps in work authorization.
Focus applications on roles with explicit quantitative degree requirements
Actuary positions that require a specific degree in mathematics, statistics, or actuarial science qualify more clearly as H-1B specialty occupations. Roles with generic degree requirements can complicate future sponsorship petitions, so target positions where the degree field is specified.
Actuary OPT: Frequently Asked Questions
Can I work as an actuary on OPT without employer sponsorship?
Yes. OPT authorizes you to work in a role directly related to your degree without any employer sponsorship. Actuarial analyst roles tied to a degree in actuarial science, mathematics, or statistics qualify. Sponsorship only becomes necessary when you need an H-1B or other long-term visa after your OPT period ends.
Do actuary jobs qualify for the STEM OPT extension?
Most do, but it depends on your degree program rather than the job title. If your degree in actuarial science, applied mathematics, or statistics appears on the STEM designated degree program list, you can apply for a 24-month STEM OPT extension after your initial 12 months, giving you up to 36 months total work authorization.
How do I find actuary employers who sponsor OPT students?
Browse Migrate Mate to filter actuary roles by employers with a history of OPT and visa sponsorship. Large insurance carriers like Prudential, MetLife, and Allstate, as well as consulting firms like Milliman and Willis Towers Watson, have established actuarial hiring programs and are generally familiar with OPT work authorization requirements.
Does my actuarial exam progress affect my OPT job search?
Employers cannot require exam passage for OPT positions, but having passed Exam P or FM signals commitment and accelerates your candidacy. More practically, employers considering long-term sponsorship weigh exam progress heavily as a retention indicator. Arriving with one or two exams completed makes sponsorship conversations easier and strengthens your negotiating position.
What happens to my actuary OPT authorization if I change employers?
You can change employers on OPT as long as the new role is directly related to your degree field and you update your SEVIS record through your DSO within the required reporting window. For STEM OPT, the new employer must also be enrolled in E-Verify, and you need to submit an updated Form I-983 training plan before starting.