Cleo AI Inc · Mclean, Virginia
Case #I-200-20352-966292
In FY2021, Cleo AI Inc sought H-1B sponsorship for a Credit Strategy Lead in Mclean, Virginia at $200k per year, which is 77% above the prevailing wage of $113k. The case was certified in 11 days during the FY FY2021 cycle. This position is for continued employment.
| Case Number | I-200-20352-966292 |
| Case Status | Certified |
| Visa Class | H-1B |
| Fiscal Year | FY 2021 |
| Employer | Cleo AI Inc |
| Employer Location | Wilmington, Delaware |
| Job Title | Credit Strategy Lead |
| SOC Code | 13-204100 – Credit Analysts |
| Worksite | Mclean, Virginia |
| Annual Wage | $200k |
| Prevailing Wage | $113k |
| Wage Premium | +77.0% |
| Positions | 1 (0 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Credit Strategy Lead | $223k | CERTIFIED | May 20, 2025 |
| Machine Learning Engineer | $129k | CERTIFIED | Apr 2, 2025 |
| Senior Credit Risk Analyst | $158k | CERTIFIED | Dec 19, 2024 |
| Credit Strategy Lead | $223k | CERTIFIED | Jul 28, 2023 |
| Credit Risk Analyst | $130k | CERTIFIED | Jun 9, 2022 |
This Labor Condition Application (LCA) was filed by Cleo AI Inc for the position of Credit Strategy Lead in Mclean, Virginia. The offered annual salary is $200k, compared to the prevailing wage of $113k for this occupation and location. This represents a wage premium of +77.0% 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.
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.
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, Cleo AI Inc filed LCA case number I-200-20352-966292 to sponsor a Credit Strategy Lead position at their worksite in Mclean, Virginia. 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.
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 $200k compares to the DOL prevailing wage of $113k for Credit Analysts positions in the Mclean, Virginia area. The positive wage premium of +77.0% indicates the employer is offering above the DOL-determined average for this occupation and location.
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.
A "Certified" status means the DOL has reviewed Cleo AI Inc's attestations and determined that the LCA meets all regulatory requirements. The employer has demonstrated that the offered wage of $200k meets or exceeds the prevailing wage for Credit Strategy Lead positions in the Mclean, Virginia 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.
This LCA was received by the DOL on Dec 17, 2020 and a decision was rendered on Dec 28, 2020, a processing time of approximately 11 business days. The standard DOL processing time for LCA applications is 7 to 10 business days. This application took longer than the standard timeframe, which may indicate additional review was required.
The offered salary of $200k for this Credit Strategy Lead 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 13-204100 (Credit Analysts), 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.
The offered annual salary for this Credit Strategy Lead position at Cleo AI Inc is $200k. The Department of Labor prevailing wage for this occupation and location is $113k. The offered wage represents a +77.0% premium over the prevailing wage.
This H-1B filing is for a position located in Mclean, Virginia. The employing company, Cleo AI Inc, is headquartered in Wilmington, Delaware.
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.
The employer for this filing is Cleo AI Inc, located in Wilmington, Delaware. Cleo AI Inc filed this Labor Condition Application (case number I-200-20352-966292) for a Credit Strategy Lead position during fiscal year FY 2021. View all Cleo AI Inc H-1B filings.
Certified means the U.S. Department of Labor has approved this Labor Condition Application, confirming that Cleo AI 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.