STEM OPT Actuarial Consultant Jobs
Actuarial Consultant roles in insurance, consulting, and financial services qualify for STEM OPT because they sit under CIP codes in mathematics and statistics. Your STEM degree gives you up to 24 additional months of work authorization beyond initial OPT, totaling 36 months, as long as your employer is enrolled in E-Verify.
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Get Access To All JobsINTRODUCTION
Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years, we have been New Jersey’s health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in-class employees and strive to maintain an innovative and inclusive environment that allows them to thrive. When our employees bring their best and succeed, the Company succeeds.
ABOUT THE ROLE
This is a mid-level analyst position within the Actuarial department.
Responsibilities:
- Perform or support trend analysis.
- Perform or support forecasting.
- Collect and analyze data to use for financial and utilization reporting and monitoring (including IBNR).
- Develop pricing models and support pricing requests which may include rate filings, benefit adjustment factors, fee schedule analysis, new product pricing, etc.
EDUCATION/EXPERIENCE:
- Bachelors degree is required, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university.
- Requires 2+ years of actuarial and/or statistics experience or attainment of Associate level in the Society of Actuaries (ASA).
ADDITIONAL LICENSING, CERTIFICATIONS, REGISTRATIONS:
- ASA candidate a plus.
KNOWLEDGE:
- Requires working knowledge of Excel.
- Prefers working knowledge of Access or other database application.
- Prefers experience with SAS or other programming language.
- Prefers knowledge of data analysis and Actuarial principles.
SKILLS AND ABILITIES:
- Requires good oral and written communication skills.
- Requires strong analytical thinking.
- Requires strong mathematical skill and statistical analysis abilities.
- Requires good judgment and problem solving skills.
WHY HORIZON?
At Horizon, you’ll do meaningful work that directly improves lives—while being supported by a mission-driven organization that values expertise, collaboration, and growth. We believe that when our people thrive, our communities do too. If you are passionate about making an impact, we’d love to hear from you!
SALARY RANGE:
$79,100 - $105,945
This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:
- Comprehensive health benefits (Medical/Dental/Vision)
- Retirement Plans
- Generous PTO
- Incentive Plans
- Wellness Programs
- Paid Volunteer Time Off
- Tuition Reimbursement
DISCLAIMER:
Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware. This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.
Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.
INTRODUCTION
Horizon Blue Cross Blue Shield of New Jersey empowers our members to achieve their best health. For over 90 years, we have been New Jersey’s health solutions leader driving innovations that improve health care quality, affordability, and member experience. Our members are our neighbors, our friends, and our families. It is this understanding that drives us to better serve and care for the 3.5 million people who place their trust in us. We pride ourselves on our best-in-class employees and strive to maintain an innovative and inclusive environment that allows them to thrive. When our employees bring their best and succeed, the Company succeeds.
ABOUT THE ROLE
This is a mid-level analyst position within the Actuarial department.
Responsibilities:
- Perform or support trend analysis.
- Perform or support forecasting.
- Collect and analyze data to use for financial and utilization reporting and monitoring (including IBNR).
- Develop pricing models and support pricing requests which may include rate filings, benefit adjustment factors, fee schedule analysis, new product pricing, etc.
EDUCATION/EXPERIENCE:
- Bachelors degree is required, preferably within Mathematics, Statistics, Actuarial Sciences or a related field from an accredited college or university.
- Requires 2+ years of actuarial and/or statistics experience or attainment of Associate level in the Society of Actuaries (ASA).
ADDITIONAL LICENSING, CERTIFICATIONS, REGISTRATIONS:
- ASA candidate a plus.
KNOWLEDGE:
- Requires working knowledge of Excel.
- Prefers working knowledge of Access or other database application.
- Prefers experience with SAS or other programming language.
- Prefers knowledge of data analysis and Actuarial principles.
SKILLS AND ABILITIES:
- Requires good oral and written communication skills.
- Requires strong analytical thinking.
- Requires strong mathematical skill and statistical analysis abilities.
- Requires good judgment and problem solving skills.
WHY HORIZON?
At Horizon, you’ll do meaningful work that directly improves lives—while being supported by a mission-driven organization that values expertise, collaboration, and growth. We believe that when our people thrive, our communities do too. If you are passionate about making an impact, we’d love to hear from you!
SALARY RANGE:
$79,100 - $105,945
This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions, including but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. This range has been created in good faith based on information known to Horizon at the time of posting. Compensation decisions are dependent on the circumstances of each case. Horizon also provides a comprehensive compensation and benefits package which includes:
- Comprehensive health benefits (Medical/Dental/Vision)
- Retirement Plans
- Generous PTO
- Incentive Plans
- Wellness Programs
- Paid Volunteer Time Off
- Tuition Reimbursement
DISCLAIMER:
Horizon BCBSNJ employees must live in New Jersey, New York, Pennsylvania, Connecticut or Delaware. This job summary has been designed to indicate the general nature and level of work performed by colleagues within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of colleagues assigned to this job.
Horizon Blue Cross Blue Shield of New Jersey is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, protected veteran status or status as an individual with a disability and any other protected class as required by federal, state or local law. Horizon will consider reasonable accommodation requests as part of the recruiting and hiring process.
See all 38+ STEM OPT Actuarial Consultant Jobs
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Get Access To All JobsTips for Finding STEM OPT Authorization as an Actuarial Consultant
Verify your CIP code maps correctly
Check your degree's CIP code against the DHS STEM Designated Degree Program List before applying. Actuarial roles typically require mathematics, statistics, or applied mathematics degrees, and a mismatch between your CIP code and those fields will disqualify the extension.
Confirm E-Verify enrollment before accepting offers
Ask your recruiter to confirm E-Verify participation during the offer stage, not after signing. Employers who aren't enrolled cannot legally supervise STEM OPT, and switching employers after authorization begins triggers a new I-983 filing cycle.
Target consulting firms with actuarial practice groups
Large consulting firms with dedicated actuarial practices file STEM OPT training plans regularly and have HR teams familiar with I-983 requirements. Smaller boutique shops often lack the internal infrastructure to complete the required reporting on time.
Build your I-983 training goals around exam progress
Actuarial employers expect your training plan to align with SOA or CAS exam milestones. Frame your learning objectives around specific exam sittings and technical skill development so your DSO and employer can co-sign a credible, enforceable plan.
Use Migrate Mate to find E-Verify actuarial employers
Search Migrate Mate to filter actuarial consultant postings by employers already enrolled in E-Verify. This cuts the verification step out of your process and surfaces companies with documented STEM OPT hiring history, not just general job listings.
Understand cap-gap timing if H-1B is your next step
If you file an H-1B visa petition before your OPT EAD expires, cap-gap protection extends your authorization through September 30 of that year. Actuarial consulting firms that sponsor H-1B visas typically initiate the petition process in January for an April lottery.
Frequently Asked Questions
Does my degree qualify me for the STEM OPT extension as an actuarial consultant?
Your degree qualifies if it appears on the DHS STEM Designated Degree Program List and carries a qualifying CIP code. Degrees in mathematics, statistics, applied mathematics, and actuarial science typically qualify. Your DSO can confirm your specific CIP code against the list. A degree in business administration or general finance, even with actuarial coursework, usually does not qualify.
What does the I-983 training plan need to include for an actuarial consultant role?
Your I-983 must describe the specific actuarial skills and technical knowledge you'll develop, the supervision structure, your work schedule, and how the training connects to your STEM degree. For actuarial roles, training goals should reference exam preparation, modeling tools, and regulatory compliance work. Both you and your employer sign the plan, and your DSO must approve it before USCIS accepts the extension application.
How do I verify that an actuarial employer is enrolled in E-Verify?
You can search the E-Verify employer database directly through the E-Verify website to check enrollment status by company name or location. Enrollment status can vary by business unit or office, so confirm that the specific hiring entity, not just the parent company, is enrolled. If the employer isn't enrolled, they cannot legally hire you on STEM OPT, and enrolling takes time your offer timeline may not allow.
Where can I find actuarial consultant jobs that are open to STEM OPT students?
Migrate Mate filters actuarial consultant listings by employers enrolled in E-Verify, so you're only seeing roles where STEM OPT authorization is actually workable. Most general job boards don't surface E-Verify status, which means you may spend weeks pursuing roles at companies that can't hire you. Starting your search on Migrate Mate removes that friction from the process.
What happens to my STEM OPT authorization if my actuarial employer loses E-Verify enrollment?
If your employer's E-Verify enrollment lapses or is terminated after your STEM OPT begins, your work authorization is at risk. USCIS requires continuous E-Verify enrollment throughout the training period. You'd need to find a new E-Verify enrolled employer, file an updated I-983, and have your DSO process the change before you can continue working legally. Checking enrollment status periodically protects you from this scenario.