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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Actuarial Analyst III
Location: This role requires associates to be in-office 1-2 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.
Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.
The Actuarial Analyst III completes very diverse and complicated projects and performs very complex actuarial studies.
How You Will Make an Impact:
Primary duties may include, but are not limited to:
- Analyzes and implements risk contracts including conducting experience analyses, pricing, filing and settlement work; and prepares management reports supporting new capitation initiatives.
- Assists in training of actuarial trainees, analysts and specialists.
- Coordinates/directs special actuarial projects.
Minimum Requirements:
Requires a BA/BS and to have passed a minimum of four Society of Actuaries (SOA) actuarial exams and a minimum of 3 years related experience; or any combination of education and experience, which would provide an equivalent background.
For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $104,016 to $170,208.
Locations: Colorado; Illinois; Massachusetts; Minnesota; New Jersey; New York
In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws*.
- The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits 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.
Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Who We Are
Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.
How We Work
At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success – for our consumers, our associates, our communities and our business.
We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.
Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.
The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.
Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.
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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 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.
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Find Actuarial Consultant JobsFrequently 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.
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