STEM OPT Health Actuary Jobs
Health Actuary roles in insurance, managed care, and consulting qualify for STEM OPT because actuarial science, mathematics, and statistics CIP codes are all STEM-designated. Your employer must be enrolled in E-Verify, and the 24-month STEM OPT extension gives you up to 36 months total to build credentials toward fellowship exams and long-term sponsorship.
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Get Access To All JobsJob Purpose
Responsible for complex actuarial projects in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. Independently performs activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads projects associated with the development of actuarial models, databases, and methodologies.
Essential Responsibilities
- Actively participates in or leads small team meetings, cross-functional team meetings and meetings with senior management.
- Manages own time and works with manager to set priorities, set deadlines and share project status.
- Communicates with peers, manager, and senior management orally and in writing, using such tools as email and Microsoft Teams.
- Assists in communication with external parties.
- Composes reports presenting analysis to senior management.
- Creates and maintains model documentation in accordance with Jackson’s Model Risk Management Policy, as needed.
- Recommends and provides manager level review of changes to the coding and structure of actuarial tools, as assigned.
- Leads processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
- Analyzes and validates actuarial output.
- Develops improvements in methods and procedures as necessary to improve efficiency and controls.
- Leads small team and cross-functional projects, creating project plans and assigning tasks.
- Mentors junior associates on technical topics and trains them to perform processes.
- Serves as an expert resource for selected areas of regulatory, professional, or technical knowledge.
Other Duties
Performs other duties and/or projects as assigned.
Knowledge, Skills and Abilities
- Advanced knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
- Advanced knowledge of one or more of insurance product lines (life, annuities).
- Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). General understanding of at least one other key field of actuarial work.
- Expert knowledge of at least one actuarial application used by Jackson, such as SAS, Python, ALFA, etc.
- Ability to train associates in the use of Jackson actuarial applications.
- Ability to guide others in following processes and running actuarial models or programs.
- Ability to effectively communicate with actuarial associates at all levels and across functional teams, as well as assist in communications with external parties, verbally and in written form.
- Ability to write effective formal reports for senior actuarial management and for members of other functional teams.
- Ability to lead and add value in cross-functional team meetings.
- Ability to work on multiple projects, meet deadlines, and prioritize work based on minimal guidance.
- Ability to organize and lead projects.
- Ability to perform manager level review of processes and implementations of changes to actuarial tools.
Qualifications
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
- 5+ years actuarial experience and FSA or 8+ years actuarial experience and ASA required.
- 7+ years actuarial experience and FSA or 10+ years actuarial experience and ASA preferred.
- Life and annuity experience preferred.
- Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) preferred.
Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.
Job Purpose
Responsible for complex actuarial projects in product development, financial modeling, financial reporting, risk analysis, or data analysis assignments, as applicable. Independently performs activities related to the application of advanced actuarial principles for insurance/finance. Through collaboration with technical teams, leads projects associated with the development of actuarial models, databases, and methodologies.
Essential Responsibilities
- Actively participates in or leads small team meetings, cross-functional team meetings and meetings with senior management.
- Manages own time and works with manager to set priorities, set deadlines and share project status.
- Communicates with peers, manager, and senior management orally and in writing, using such tools as email and Microsoft Teams.
- Assists in communication with external parties.
- Composes reports presenting analysis to senior management.
- Creates and maintains model documentation in accordance with Jackson’s Model Risk Management Policy, as needed.
- Recommends and provides manager level review of changes to the coding and structure of actuarial tools, as assigned.
- Leads processes for production of actuarial output, such as calculated reserves, cash flow projections, product pricing, experience data, etc.
- Analyzes and validates actuarial output.
- Develops improvements in methods and procedures as necessary to improve efficiency and controls.
- Leads small team and cross-functional projects, creating project plans and assigning tasks.
- Mentors junior associates on technical topics and trains them to perform processes.
- Serves as an expert resource for selected areas of regulatory, professional, or technical knowledge.
Other Duties
Performs other duties and/or projects as assigned.
Knowledge, Skills and Abilities
- Advanced knowledge of actuarial mathematics/concepts and ability to lead others in applying those concepts to work product.
- Advanced knowledge of one or more of insurance product lines (life, annuities).
- Expert in at least one key field of actuarial work (pricing, financial reporting, data analysis, or modeling). General understanding of at least one other key field of actuarial work.
- Expert knowledge of at least one actuarial application used by Jackson, such as SAS, Python, ALFA, etc.
- Ability to train associates in the use of Jackson actuarial applications.
- Ability to guide others in following processes and running actuarial models or programs.
- Ability to effectively communicate with actuarial associates at all levels and across functional teams, as well as assist in communications with external parties, verbally and in written form.
- Ability to write effective formal reports for senior actuarial management and for members of other functional teams.
- Ability to lead and add value in cross-functional team meetings.
- Ability to work on multiple projects, meet deadlines, and prioritize work based on minimal guidance.
- Ability to organize and lead projects.
- Ability to perform manager level review of processes and implementations of changes to actuarial tools.
Qualifications
- Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Computer Science, or related field of study required.
- 5+ years actuarial experience and FSA or 8+ years actuarial experience and ASA required.
- 7+ years actuarial experience and FSA or 10+ years actuarial experience and ASA preferred.
- Life and annuity experience preferred.
- Continuing efforts to pursue Fellow of the Society of Actuaries (FSA) preferred.
Jackson is proud to be an equal opportunity workplace. The Company subscribes to and endorses federal and state laws and regulations relating to equal employment opportunity for all persons without regard to race, color, religion, gender, age, national origin, legally-recognized disability, marital status, legally-protected medical condition, citizenship, ancestry, height, weight, sexual orientation, veteran status, or any other factor not related to the needs of the job. The Company is committed to a policy of equal opportunity. Company facilities and campuses are tobacco-free environments.
See all STEM OPT Health Actuary Jobs
Sign up for free to unlock all listings, filter by visa type, and get alerts for new STEM OPT Health Actuary Jobs.
Get Access To All JobsTips for Finding STEM OPT Authorization as a Health Actuary
Verify your CIP code before applying
Actuarial science (27.0301), applied mathematics (27.0304), and statistics (27.0502) are all STEM-designated CIP codes. Confirm your transcript lists one of these so your DSO can authorize the STEM OPT extension without delays.
Check E-Verify enrollment before accepting offers
Every STEM OPT employer must be enrolled in E-Verify before your extension is approved. Ask your recruiter directly or search the E-Verify employer search tool to confirm enrollment status before signing anything.
Target insurers and consulting firms with PERM history
Actuarial roles at large health insurers and benefits consulting firms frequently lead to H-1B visa sponsorship and PERM filings. Prioritize employers whose hiring patterns show a track record of sponsoring quantitative roles through the green card process.
Align your I-983 training plan to exam progression
USCIS requires that your I-983 training plan connects work duties to your STEM degree. Frame your actuarial responsibilities around credentialing exams like Exam P, FM, or MAS-I to demonstrate a clear link between the role and your mathematics or statistics degree.
Use OFLC Wage Search to benchmark your offer
Health actuaries fall under SOC code 15-2011. Pull the prevailing wage for your metro area using the OFLC Wage Search before negotiating. An offer below Level II signals the employer may struggle with a future LCA filing.
Find E-Verify employers on Migrate Mate
Filter your Health Actuary job search on Migrate Mate to surface employers already enrolled in E-Verify and with documented sponsorship activity. This cuts the time you spend vetting employers who can't legally hire STEM OPT workers.
Frequently Asked Questions
Does a health actuary role qualify for the STEM OPT extension?
Yes, if your degree is in actuarial science, mathematics, statistics, or a related STEM-designated field. Your DSO will verify that your CIP code appears on the STEM Designated Degree Program List before authorizing the extension. The role itself must also be directly related to that degree, which actuarial positions typically satisfy given their heavy quantitative requirements.
What does my employer need to do to hire me on STEM OPT?
Your employer must be enrolled in E-Verify and must co-sign your I-983 training plan, which details how the Health Actuary role relates to your STEM degree. The employer also certifies they'll report any material changes in your employment to your DSO within five business days and complete a formal evaluation at the six-month and annual marks.
How does the I-983 training plan apply to actuarial work?
The I-983 should map your day-to-day actuarial duties to the learning objectives of your STEM degree. For a Health Actuary, this means documenting work in pricing, reserving, risk modeling, or experience analysis and connecting those tasks to coursework in probability, statistics, or actuarial science. Generic descriptions won't satisfy USCIS review if your extension is audited.
What happens to my STEM OPT if my employer loses E-Verify enrollment?
If your employer's E-Verify enrollment lapses or is terminated after your STEM OPT is approved, your work authorization is at risk. You'd need to transfer to a new employer that is enrolled in E-Verify and file a new I-983 with your DSO promptly. Staying at an employer who falls out of E-Verify compliance is a status violation, so monitor this actively throughout your 24-month extension.
Where can I find health actuary jobs that sponsor STEM OPT workers?
Migrate Mate filters Health Actuary listings specifically for employers enrolled in E-Verify and with sponsorship history, so you're not wasting applications on companies that can't legally hire you on STEM OPT. Focus on roles at health insurers, managed care organizations, and actuarial consulting firms, which are the employer categories most likely to support both your OPT period and a future H-1B transition.