OPT Underwriter Jobs
Underwriter jobs on OPT involve assessing risk for insurance, mortgage, or financial products, and most roles require a finance, economics, or business degree, which aligns well with OPT eligibility. STEM OPT extension is available for underwriting roles at quantitative or data-focused firms. Your 12- or 24-month OPT window is enough time to demonstrate value and secure H-1B visa sponsorship.
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Get Access To All JobsWe’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.
CVS is looking to add a Sr Analyst, Pharmacy Underwriter. In this role, you would be responsible for supporting both new business and renewal case specific ASC (self-insured) Pharmacy Pricing, as well as developing financial offers that are both competitive and profitable. In this role, you would provide support with financial responses for Request For Proposal questionnaires.
The ideal candidate is able to anticipate customer needs and requirements as well as to facilitate and negotiate using tact and diplomacy.
They will be involved in training, projects, and mentoring others. Works primarily on complex or high visibility cases, markets or underwriting methods.
Candidates must have both underwriting and pharmacy experience
Additional Responsibilities:
- Identifies training issues and recommends a course of action.
- Leads process improvement initiatives to improve productivity, accuracy and/or customer service and influences tool development.
- Provides superior customer service.
- Mentors and trains underwriting staff.
- Ensures team members have the information to do their jobs.
- Understands, applies and explains company services, product standards, underwriting policies, strategic direction and new initiatives relative to unit's responsibilities.
- Grants underwriting exceptions and financial variances within prescribed limit.
- Manages and/or participates on assigned projects and ensures project plans and/or work tasks are in alignment with overall goals.
- Participate in broker/customer meetings.
- Utilizes knowledge of competition and competitive position to evaluate risk and maximize profitability.
- Negotiates and explains rate development and application of underwriting policy.
- Analyzes problems or issues from different points of view to find the optimal solution.
- Evaluates and manages complex and/or high visibility cases, identifies risks and recommends appropriate measures to manage risks while growing or retaining membership.
- Assists team in meeting deadlines.
- Delivers quality financial products for new and renewal business.
- Builds strong cross-functional relationships with sales force and other internal organizations.
Required Qualifications
- 3 years of relevant work experience.
- 2 - 3 years of Pharmacy Underwriting experience required for this role.
Preferred Qualifications
- Extensive knowledge of the Aetna systems supporting ASC Pharmacy pricing methodology.
- Risk Assessment/Analysis, Communication, Negotiation, Adaptability.
Education
Bachelor's degree or equivalent years of work experience.
Anticipated Weekly Hours
40
Time Type
Full time
Pay Range
The typical pay range for this role is:
$46,988.00 - $112,200.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.
Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.
Great benefits for great people
We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.
This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.
Additional details about available benefits are provided during the application process and on Benefits Moments.
We anticipate the application window for this opening will close on: 10/02/2026
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.
CVS is looking to add a Sr Analyst, Pharmacy Underwriter. In this role, you would be responsible for supporting both new business and renewal case specific ASC (self-insured) Pharmacy Pricing, as well as developing financial offers that are both competitive and profitable. In this role, you would provide support with financial responses for Request For Proposal questionnaires.
The ideal candidate is able to anticipate customer needs and requirements as well as to facilitate and negotiate using tact and diplomacy.
They will be involved in training, projects, and mentoring others. Works primarily on complex or high visibility cases, markets or underwriting methods.
Candidates must have both underwriting and pharmacy experience
Additional Responsibilities:
- Identifies training issues and recommends a course of action.
- Leads process improvement initiatives to improve productivity, accuracy and/or customer service and influences tool development.
- Provides superior customer service.
- Mentors and trains underwriting staff.
- Ensures team members have the information to do their jobs.
- Understands, applies and explains company services, product standards, underwriting policies, strategic direction and new initiatives relative to unit's responsibilities.
- Grants underwriting exceptions and financial variances within prescribed limit.
- Manages and/or participates on assigned projects and ensures project plans and/or work tasks are in alignment with overall goals.
- Participate in broker/customer meetings.
- Utilizes knowledge of competition and competitive position to evaluate risk and maximize profitability.
- Negotiates and explains rate development and application of underwriting policy.
- Analyzes problems or issues from different points of view to find the optimal solution.
- Evaluates and manages complex and/or high visibility cases, identifies risks and recommends appropriate measures to manage risks while growing or retaining membership.
- Assists team in meeting deadlines.
- Delivers quality financial products for new and renewal business.
- Builds strong cross-functional relationships with sales force and other internal organizations.
Required Qualifications
- 3 years of relevant work experience.
- 2 - 3 years of Pharmacy Underwriting experience required for this role.
Preferred Qualifications
- Extensive knowledge of the Aetna systems supporting ASC Pharmacy pricing methodology.
- Risk Assessment/Analysis, Communication, Negotiation, Adaptability.
Education
Bachelor's degree or equivalent years of work experience.
Anticipated Weekly Hours
40
Time Type
Full time
Pay Range
The typical pay range for this role is:
$46,988.00 - $112,200.00
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.
Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.
Great benefits for great people
We take pride in offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families.
This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility.
Additional details about available benefits are provided during the application process and on Benefits Moments.
We anticipate the application window for this opening will close on: 10/02/2026
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
See all 189+ OPT Underwriter Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new OPT Underwriter Jobs.
Get Access To All JobsTips for Finding OPT Sponsorship in Underwriter
Target financial services firms with H-1B track records
Large insurers, banks, and mortgage companies file H-1B visa petitions regularly. Search OFLC disclosure data to confirm which employers have sponsored underwriters before approaching them. Firms with no prior filings are higher-risk targets for OPT students.
Pursue STEM-designated programs if your degree qualifies
Underwriting roles at data-driven or insurtech firms may qualify for the 24-month STEM OPT extension if your degree is in a STEM-classified field. This gives employers more runway to sponsor you, making you a lower-risk hire.
Get licensed as early as possible
Many underwriting roles require state property, casualty, or life insurance licenses. Obtaining licensure before or during your job search signals commitment and removes a common employer concern about hiring candidates who still need to get certified.
Address OPT timeline proactively in interviews
Employers often hesitate because they assume sponsorship is complicated. Come prepared to explain your OPT end date, the H-1B timeline, and cap-gap protection. A clear, confident explanation reduces perceived risk and moves conversations forward.
Highlight quantitative skills in your application
Underwriting is increasingly data-heavy. Emphasize proficiency in actuarial models, risk scoring tools, SQL, or Python where applicable. Technical depth makes your profile more competitive and strengthens the specialty occupation case for H-1B sponsorship.
Focus on specialty or commercial lines over personal lines
Commercial, specialty, and surplus lines underwriting roles tend to involve more complex analysis, making them stronger candidates for specialty occupation classification under H-1B. Personal lines roles can be harder to sponsor due to lower degree-specificity requirements.
Underwriter OPT: Frequently Asked Questions
Can I work as an underwriter on OPT?
Yes. Underwriting roles at insurance companies, banks, and mortgage firms are generally eligible for OPT work authorization, provided the job is directly related to your degree field, typically finance, economics, business, or a related discipline. Make sure your offer letter reflects a job title and duties that align with your degree to avoid DSO complications.
Do underwriting jobs at insurance companies typically sponsor H-1B visas?
Many large carriers and financial institutions do sponsor H-1B visas for underwriters, particularly for commercial, specialty, or technical underwriting roles. Sponsorship is less common at smaller regional firms or for entry-level personal lines positions. Searching on Migrate Mate lets you filter specifically for employers that sponsor OPT students, which saves time and improves your odds.
Does underwriting qualify for the STEM OPT extension?
It depends on your degree classification, not the job title. If your degree is in a STEM-designated field such as actuarial science, applied mathematics, statistics, or certain quantitative finance programs, your underwriting role may qualify for the 24-month STEM extension. Business administration and general finance degrees are typically not STEM-classified. Confirm your CIP code with your DSO before assuming eligibility.
What documents do I need to start an underwriting job on OPT?
You need a valid EAD card showing your authorized work period, a job offer in a field related to your degree, and an updated I-20 reflecting your OPT authorization. Your employer will complete Form I-9 using your EAD. Report the job to your DSO within 10 days of starting, since OPT requires continuous employment reporting to stay in valid status.
How much time do I realistically have to secure H-1B sponsorship as an underwriter on OPT?
On standard OPT, you have up to 12 months, which covers one H-1B filing cycle if you start before the April 1 registration window. STEM OPT adds 24 months, giving you two or three cycles. Cap-gap protection extends your work authorization through September 30 if your H-1B is selected and your OPT expires while the petition is pending. Starting the conversation with your employer early in your OPT period is important.