OPT Risk Operations Specialist Jobs
Risk Operations Specialist roles are a strong fit for F-1 OPT students with backgrounds in finance, data analytics, or business. Most positions qualify as STEM OPT extensions when tied to quantitative risk work. Your 12-month standard OPT window, or 24-month STEM extension, gives employers a meaningful runway to evaluate you.
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Get Access To All JobsSUMMARY
Serve as internal advisor in managing and evaluating aspects of successful Risk Management practices including insurance, bonding, CCIP, subcontractor default insurance, other insurance matters, and efficient claims management. Assess risk and provide alternatives to offset any potential risk through communication with outside customers, corporate and field customers, and insurance providers.
ESSENTIAL FUNCTIONS
- Act as a resource for Operations, Business Development, Preconstruction, Finance and Legal on all Risk Management related issues.
- Keep internal clients informed of Risk Management trends and issues.
- Assist in owner contract review for insurance purposes.
- Consult with legal counsel on issues required in owner contracts.
- Research specialty insurance coverage for placement as required by contract.
- Coordinate placement of specialty insurance coverage with Risk Manager – Operations.
- Ensure all project insurance placements are bound according to contract terms, managed and tracked through project performance and closed out at project completion.
- Ensure Preconstruction, Operations and Finance are properly advised on all costs related to project insurance placements.
- Assist Preconstruction and Operations in finding acceptable solutions to Risk Management issues.
- Assume leadership in training personnel on Risk Management policies and procedures and other topical issues.
- Create and run various Risk Management reports for compliance and tracking purposes as required.
- Process subcontractor’s payment and performance bonds and review for compliance and entry into job management system.
- Run claim reports and maintain claim logs.
- Assist in the subcontractor prequalification process.
- Identify subcontractor insurance exceptions, evaluate exposure, and effectively communicate issues to Operations.
- Review Proof of Insurance for off site stored materials and goods in transit.
- Maintain database of exceptions to group standards.
- Administer and manage all Contractor Controlled Insurance Programs.
- Administer and manage subcontractor default insurance program.
- Assist with external contract audit issues.
- Perform training on Risk and Insurance for owners and others as required by Operations.
Perform miscellaneous duties as assigned.
WORKING CONDITIONS
The majority of work is completed in an office setting with intermittent sitting, standing and walking.
EDUCATION, EXPERIENCE, AND KNOWLEDGE
- Bachelor’s degree in Risk Management, Business or related field is required. Five years experience in the property and casualty insurance industry with three years experience with the construction industry is preferred and will be considered in lieu of academic credentials.
- Paralegal certification or experience, preferred.
- Strong computer skills in word processing and spreadsheets.
- Excellent verbal and written communication skills.
- Demonstrated ability in document proofreading skills.
- Able to organize people, tools, equipment, and other resources and orchestrate multiple activities at once to accomplish desired results.
- Demonstrated leadership skills: willing and able to face challenges, delegate and provide direction to others, and effectively address conflict.
- Show personal commitment to improving skills and compensating for weaknesses and limitations.
- Patient, hears people out, provides information to people in a timely manner.
- Act in a manner that shows personal commitment to improving his/her skills; while compensating for weaknesses and limitations.
- Act in a manner of integrity that shows support for the company, its values, and the employees while maintaining a constant focus on meeting/exceeding customer requirements and expectations.
COMPENSATION
The base compensation range for the role of Risk Manager Operations posted above is $100-125,000 annually.
This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, any collective bargaining agreements, and business or organizational needs. No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, incentive, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law and any applicable plan documents.
Balfour Beatty is an equal opportunity employer that recognizes the value of a diverse workforce. All qualified individuals will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, genetic information, or any other criteria protected by federal, state or local law.
SUMMARY
Serve as internal advisor in managing and evaluating aspects of successful Risk Management practices including insurance, bonding, CCIP, subcontractor default insurance, other insurance matters, and efficient claims management. Assess risk and provide alternatives to offset any potential risk through communication with outside customers, corporate and field customers, and insurance providers.
ESSENTIAL FUNCTIONS
- Act as a resource for Operations, Business Development, Preconstruction, Finance and Legal on all Risk Management related issues.
- Keep internal clients informed of Risk Management trends and issues.
- Assist in owner contract review for insurance purposes.
- Consult with legal counsel on issues required in owner contracts.
- Research specialty insurance coverage for placement as required by contract.
- Coordinate placement of specialty insurance coverage with Risk Manager – Operations.
- Ensure all project insurance placements are bound according to contract terms, managed and tracked through project performance and closed out at project completion.
- Ensure Preconstruction, Operations and Finance are properly advised on all costs related to project insurance placements.
- Assist Preconstruction and Operations in finding acceptable solutions to Risk Management issues.
- Assume leadership in training personnel on Risk Management policies and procedures and other topical issues.
- Create and run various Risk Management reports for compliance and tracking purposes as required.
- Process subcontractor’s payment and performance bonds and review for compliance and entry into job management system.
- Run claim reports and maintain claim logs.
- Assist in the subcontractor prequalification process.
- Identify subcontractor insurance exceptions, evaluate exposure, and effectively communicate issues to Operations.
- Review Proof of Insurance for off site stored materials and goods in transit.
- Maintain database of exceptions to group standards.
- Administer and manage all Contractor Controlled Insurance Programs.
- Administer and manage subcontractor default insurance program.
- Assist with external contract audit issues.
- Perform training on Risk and Insurance for owners and others as required by Operations.
Perform miscellaneous duties as assigned.
WORKING CONDITIONS
The majority of work is completed in an office setting with intermittent sitting, standing and walking.
EDUCATION, EXPERIENCE, AND KNOWLEDGE
- Bachelor’s degree in Risk Management, Business or related field is required. Five years experience in the property and casualty insurance industry with three years experience with the construction industry is preferred and will be considered in lieu of academic credentials.
- Paralegal certification or experience, preferred.
- Strong computer skills in word processing and spreadsheets.
- Excellent verbal and written communication skills.
- Demonstrated ability in document proofreading skills.
- Able to organize people, tools, equipment, and other resources and orchestrate multiple activities at once to accomplish desired results.
- Demonstrated leadership skills: willing and able to face challenges, delegate and provide direction to others, and effectively address conflict.
- Show personal commitment to improving skills and compensating for weaknesses and limitations.
- Patient, hears people out, provides information to people in a timely manner.
- Act in a manner that shows personal commitment to improving his/her skills; while compensating for weaknesses and limitations.
- Act in a manner of integrity that shows support for the company, its values, and the employees while maintaining a constant focus on meeting/exceeding customer requirements and expectations.
COMPENSATION
The base compensation range for the role of Risk Manager Operations posted above is $100-125,000 annually.
This is the lowest to highest salary we in good faith believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the posted range, and the range may be modified in the future. An employee's pay position within the salary range will be based on several factors including, but not limited to, relevant education, qualifications, certifications, experience, skills, seniority, geographic location, performance, shift, travel requirements, any collective bargaining agreements, and business or organizational needs. No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, incentive, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law and any applicable plan documents.
Balfour Beatty is an equal opportunity employer that recognizes the value of a diverse workforce. All qualified individuals will receive consideration for employment without regard to race, color, age, sex, sexual orientation, gender identity, religion, national origin, disability, veteran status, genetic information, or any other criteria protected by federal, state or local law.
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Get Access To All JobsTips for Finding OPT Sponsorship as a Risk Operations Specialist
Lead with your quantitative skills
Risk Operations roles prioritize candidates who can analyze data, model exposure, and flag anomalies. Highlight coursework or projects involving statistics, SQL, Python, or risk frameworks. Employers weigh technical ability heavily when deciding whether to sponsor OPT students.
Target STEM-designated programs first
If your degree is in a STEM field like data science, finance engineering, or applied mathematics, you qualify for a 24-month STEM OPT extension. This significantly increases your appeal to employers who want longer hiring runways before committing to H-1B visa sponsorship.
Understand how your role fits specialty occupation criteria
Risk Operations Specialist roles typically qualify as specialty occupations for H-1B purposes because they require a degree in a specific analytical or financial field. Knowing this helps you speak confidently to employers about long-term visa pathways beyond OPT.
Apply early in the OPT authorization window
Start your job search before your OPT start date. Risk Operations teams often run multi-stage hiring processes involving compliance reviews and background checks, which can take four to eight weeks. Beginning early ensures you have authorized employment lined up without gaps.
Focus on industries with established OPT hiring infrastructure
Financial services firms, fintech companies, and large banks have dedicated immigration teams experienced with OPT and H-1B transitions. These employers are far less likely to reject a candidate simply because of visa status compared to smaller organizations without prior experience.
Be transparent about your OPT timeline during interviews
Proactively telling employers your OPT expiration date and STEM extension eligibility avoids surprises later in the process. Employers appreciate candidates who understand their own authorization timeline and can clearly explain what sponsorship would look like down the road.
Risk Operations Specialist OPT: Frequently Asked Questions
Do Risk Operations Specialist jobs typically sponsor OPT students?
Many do, particularly at financial institutions, fintech companies, and large enterprises with dedicated HR and immigration teams. Risk Operations roles are viewed as technical and degree-specific, which makes employers more willing to invest in OPT candidates. Migrate Mate filters for employers actively open to OPT, so you can focus your search on realistic opportunities rather than applying broadly.
Does a Risk Operations Specialist role qualify for the STEM OPT extension?
It depends on your degree, not the job title alone. If your degree is in a STEM-designated field such as data analytics, applied mathematics, statistics, or financial engineering, and your role involves quantitative risk work, you likely qualify for the 24-month STEM extension. Your DSO and employer must both confirm eligibility before you apply through your school.
Can I start a Risk Operations Specialist job before my OPT EAD card arrives?
No. Your EAD card must be in hand and your OPT start date must have passed before you begin working. Risk Operations employers in financial services often run compliance and background checks that take weeks, so coordinate your start date carefully with HR. Do not agree to an earlier start date than your EAD authorizes, even informally.
What happens to my OPT authorization if I change roles within the same company?
Your OPT authorization is tied to your degree field, not a specific job title or department. A lateral move into a different risk function at the same employer is generally fine as long as the new role still relates to your degree program. However, if the role changes significantly, notify your DSO to confirm the move doesn't jeopardize your authorized employment status.
How long does the OPT unemployment limit give me between Risk Operations jobs?
Standard OPT allows a cumulative 90 days of unemployment. STEM OPT extension holders are limited to 150 days total across both periods combined, not 150 additional days. If a Risk Operations position falls through late in the hiring process, that gap counts toward your limit. Track your dates carefully and continue active job searching to stay within the threshold.