OPT Health Actuary Jobs
Health Actuary jobs on OPT require STEM OPT eligibility, since actuarial roles fall under CIP codes tied to mathematics and statistics degrees. Most employers sponsor H-1B visa after OPT, making this one of the stronger long-term visa pathways for international students in quantitative finance and insurance.
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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 Health Actuary Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new OPT Health Actuary Jobs.
Get Access To All JobsTips for Finding OPT Sponsorship as a Health Actuary
Target insurers and consulting firms with established sponsorship histories
Large health insurers like UnitedHealth Group, Aetna, and Cigna, along with actuarial consulting firms, have well-established H-1B visa sponsorship pipelines. Prioritizing these employers significantly improves your chances of transitioning from OPT to long-term work authorization.
Confirm your degree qualifies for STEM OPT extension
Actuarial roles typically qualify for the 24-month STEM OPT extension if your degree is in mathematics, statistics, or actuarial science. Verify your CIP code with your DSO before applying, since the extension gives you three years total on OPT.
Pursue actuarial exams to strengthen your sponsorship case
Passing SOA or CAS exams signals professional commitment and makes you a stronger sponsorship candidate. Employers investing in your exam reimbursement are also more likely to sponsor your visa, since they're already committed to your long-term development.
Address your OPT timeline early in the hiring process
Health actuarial hiring cycles can be slow. If your OPT authorization or STEM extension start date is approaching, raise your timeline during early recruiter conversations so employers can plan their H-1B filing around your work authorization window without last-minute complications.
Highlight programming and data skills to stand out
Employers increasingly expect health actuaries to work in R, Python, or SQL alongside traditional actuarial tools. Demonstrating these skills in your resume and interviews positions you as a high-value hire worth the sponsorship investment in competitive candidate pools.
Use Migrate Mate to filter for OPT-friendly actuarial roles
Searching broadly wastes time when your work authorization window is limited. Migrate Mate surfaces health actuary roles from employers with active sponsorship histories, so you can focus your applications on companies already familiar with OPT and H-1B processes.
Health Actuary OPT: Frequently Asked Questions
Do health actuary jobs qualify for the STEM OPT extension?
Yes, in most cases. Health actuary roles are typically tied to degrees in actuarial science, mathematics, or statistics, all of which appear on the STEM Designated Degree Program list. If your degree qualifies, you're eligible for a 24-month STEM OPT extension on top of your initial 12-month OPT period, giving you up to three years of work authorization. Confirm your specific CIP code with your Designated School Official before relying on this.
How common is H-1B sponsorship for health actuaries?
Sponsorship is relatively common in this field compared to many other industries. Large health insurers, managed care organizations, and actuarial consulting firms regularly sponsor H-1B visas because qualified actuaries are in short supply and hard to replace. DOL LCA disclosure data consistently shows actuarial job titles among sponsored occupations at major insurers. Passing actuarial exams and demonstrating specialized health data skills makes you a stronger candidate for sponsorship consideration.
Can I work as a health actuary on OPT before passing my actuarial exams?
Yes. Most entry-level and associate-level actuarial roles expect candidates to be in the process of taking exams, not finished. Employers typically hire OPT students into actuarial analyst roles with the expectation that exam progression happens on the job. Having one or two SOA or CAS exams passed before graduating strengthens your application, but it's not a universal requirement for your first position.
Where can I find health actuary jobs that are open to OPT candidates?
Migrate Mate is built specifically for international students on OPT and surfaces roles from employers with documented sponsorship activity. Searching broadly across general job platforms often means filtering through hundreds of postings from employers with no visa sponsorship experience. Focusing your search on Migrate Mate lets you target health actuary openings at companies already familiar with OPT authorization requirements and H-1B transition timelines.
What happens to my OPT status if I switch from a health actuary role to a different actuarial specialty?
Your OPT authorization is tied to your degree field, not your specific job title. Moving between actuarial specialties, such as from health to property and casualty or life insurance, is generally fine as long as the new role still relates to your degree in actuarial science, mathematics, or statistics. For STEM OPT specifically, the job must be directly related to your STEM degree. Confirm any role change with your DSO before accepting a new position to avoid jeopardizing your authorization.