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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Position Purpose: Assist in financial analysis, forecasting, pricing, and risk assessment activities that support Medicare Advantage financial performance.
Key Details: Fully remote within the Continental U.S. Requires actuarial experience and progress toward an actuarial credential, meeting the Rule of 5 (combined years of actuarial experience and actuarial exams passed must equal at least 5). Highly preferred experience includes Medicare Advantage forecasting, financial performance, Medicare FFS medical costs, savings initiatives, and provider risk-sharing arrangements. Intermediate to advanced Excel skills and data analytics experience required; basic query/SQL knowledge required, and AI/Copilot experience is a plus.
In this Sr. Actuarial Analyst role, you will:
- Apply principles of mathematics, probability, statistics, finance, and business to analyze Medicare FFS claims, savings initiatives, and provider risk-sharing arrangements.
- Develop and maintain quarterly forecasts for Medicare fee-for-service (FFS) medical costs, savings initiatives, and provider risk-sharing arrangements, identifying key trends, assumptions, and forecast variances.
- Develop and run data reports to identify emerging trends and gaps.
- Prepare financial and analytical exhibits and effectively communicate findings to technical and non-technical audiences.
- Collaborate with internal business partners to support forecasting, reporting, and financial analysis needs.
- Perform other duties as assigned.
Education/Experience:
Bachelor’s degree in related field or equivalent experience. Combination of years of experience and number of actuarial exams passed equals or exceeds 5 (Rule of 5). For example, 2 years of actuarial experience and 3 passed actuarial exams.
License/Certification:
Combination of years of experience and number of actuarial exams passed equals or exceeds 5 (Rule of 5). For example, 2 years of actuarial experience and 3 passed actuarial exams.
Pay Range: $70,100.00 - $126,200.00 per year
At Centene, we connect people to the care they need to live healthier lives — and the work you do here makes that impact real every day. You’ll take on meaningful challenges that directly support individuals, families, and communities, building your skills while making healthcare more accessible and effective. It’s work with a purpose you can see, backed by a team committed to improving lives well beyond the workday.
Centene offers a comprehensive benefits package including: competitive pay, health insurance, 401K and stock purchase plans, tuition reimbursement, paid time off plus holidays, and a flexible approach to work with remote, hybrid, field or office work schedules. Actual pay will be adjusted based on an individual's skills, experience, education, and other job-related factors permitted by law, including full-time or part-time status. Total compensation may also include additional forms of incentives. Benefits may be subject to program eligibility.
Centene is an equal opportunity employer that is committed to diversity, and values the ways in which we are different. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristic protected by applicable law.
Qualified applicants with arrest or conviction records will be considered in accordance with the LA County Ordinance and the California Fair Chance Act.
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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.