CERTIFIED H-1B FY 2021

Actuarial Analyst

Arch Insurance Group Inc. · Jersey City, New Jersey

Case #I-200-21259-588906

Arch Insurance Group Inc. filed an H-1B petition for a Actuarial Analyst position in Jersey City, New Jersey at $88k per year — 4% above the prevailing wage of $84k. The case was certified in 7 days during the FY FY2021 cycle. This position is for new employment.

$88k
Annual Salary
$84k
Prevailing Wage
+4.1%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-21259-588906
Case StatusCertified
Visa ClassH-1B
Fiscal YearFY 2021
EmployerArch Insurance Group Inc.
Employer LocationNew York, New York
Job TitleActuarial Analyst
SOC Code15-201100 – Actuaries
WorksiteJersey City, New Jersey
Annual Wage$88k
Prevailing Wage$84k
Wage Premium+4.1%
Positions1 (1 new, 0 continued)

Timeline

Sep 16, 2021
Received
Sep 23, 2021
Decision
Oct 1, 2021
Employment Start
Sep 30, 2024
Employment End

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by Arch Insurance Group Inc. for the position of Actuarial Analyst in Jersey City, New Jersey. The offered annual salary is $88k, compared to the prevailing wage of $84k for this occupation and location. This represents a wage premium of +4.1% above the prevailing wage.

The LCA is the first step in the H-1B visa process. Employers must file an LCA with the Department of Labor certifying that they will pay the foreign worker at least the prevailing wage for the occupation in the area of intended employment. A certified LCA is required before the employer can file an H-1B petition with USCIS.

Case status: Certified. This means the Department of Labor has certified that the employer meets the wage and working condition requirements.

Understanding This LCA Filing

A Labor Condition Application (LCA) is a mandatory document that U.S. employers must file with the U.S. Department of Labor (DOL) before they can petition for a foreign worker under the H-1B, H-1B1, or E-3 visa categories. The LCA process was established under the Immigration and Nationality Act (INA) to protect both foreign and domestic workers by ensuring fair wages and working conditions.

Why Employers File LCAs

When a U.S. company identifies a foreign national to fill a specialty occupation position, they must first obtain DOL certification through the LCA process before filing the H-1B petition (Form I-129) with U.S. Citizenship and Immigration Services (USCIS). In this case, Arch Insurance Group Inc. filed LCA case number I-200-21259-588906 to sponsor a Actuarial Analyst position at their worksite in Jersey City, New Jersey. By filing this LCA, the employer attests to four key conditions: (1) paying the higher of the actual wage or prevailing wage, (2) providing working conditions that will not adversely affect other similarly employed workers, (3) no strike or lockout at the worksite, and (4) providing notice of the filing to the bargaining representative or posting notice at the worksite.

What Wage Levels Mean

The DOL establishes four wage levels for each occupation and geographic area, representing the progression from entry-level to fully competent workers:

For this filing, the offered wage of $88k compares to the DOL prevailing wage of $84k for Actuaries positions in the Jersey City, New Jersey area. The positive wage premium of +4.1% indicates the employer is offering above the DOL-determined average for this occupation and location.

What is Prevailing Wage?

The prevailing wage is the average wage paid to similarly employed workers in a specific occupation in the area of intended employment. The DOL determines prevailing wages using data from the Occupational Employment and Wage Statistics (OEWS) survey conducted by the Bureau of Labor Statistics (BLS). Employers must pay H-1B workers the higher of the prevailing wage or the actual wage paid to other employees in similar positions at the company. This requirement is designed to prevent employers from using H-1B workers to undercut domestic wages.

How to Interpret This Data

What Certified Means for This Application

A "Certified" status means the DOL has reviewed Arch Insurance Group Inc.'s attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $88k meets or exceeds the prevailing wage for Actuarial Analyst positions in the Jersey City, New Jersey area. It is important to understand that LCA certification does not guarantee H-1B visa approval. The next step is for the employer to file Form I-129 with USCIS, which evaluates whether the position qualifies as a specialty occupation and whether the beneficiary has the required qualifications.

Processing Time

This LCA was received by the DOL on Sep 16, 2021 and a decision was rendered on Sep 23, 2021, a processing time of approximately 7 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.

Comparing to Industry Standards

The offered salary of $88k for this Actuarial Analyst position provides a data point for evaluating compensation trends in H-1B visa sponsorship. When reviewing H-1B salary data, consider that wages vary significantly based on geographic location, employer size, industry sector, and the worker's experience level. This position falls under SOC code 15-201100 (Actuaries), which standardizes how the Bureau of Labor Statistics classifies occupations across industries. Metropolitan areas like New York, San Francisco, and Seattle typically command higher salaries due to higher costs of living, while positions in smaller markets may offer lower nominal wages but comparable purchasing power.

Frequently Asked Questions

What is the salary for this Actuarial Analyst position?

The offered annual salary for this Actuarial Analyst position at Arch Insurance Group Inc. is $88k. The Department of Labor prevailing wage for this occupation and location is $84k. The offered wage represents a +4.1% premium over the prevailing wage.

Where is this Actuarial Analyst job located?

This H-1B filing is for a position located in Jersey City, New Jersey. The employing company, Arch Insurance Group Inc., is headquartered in New York, New York.

What visa type is this filing for?

This Labor Condition Application is filed under the H-1B visa classification. The H-1B visa is designed for specialty occupation workers who possess at least a bachelor's degree or equivalent in a specific field related to the job.

Who is the employer for this H-1B filing?

The employer for this filing is Arch Insurance Group Inc., located in New York, New York. Arch Insurance Group Inc. filed this Labor Condition Application (case number I-200-21259-588906) for a Actuarial Analyst position during fiscal year FY 2021. View all Arch Insurance Group Inc. H-1B filings.

What does LCA “Certified” mean?

Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Arch Insurance Group Inc. has attested to meeting all wage and working condition requirements. A certified LCA does not guarantee H-1B visa approval — the employer must still file a separate petition (Form I-129) with USCIS.

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