CERTIFIED - WITHDRAWN H-1B FY 2020

Financial Analyst (Valuation Associate)

Intrinsic LLC · Denver, Colorado

Case #I-200-20072-401765

A Financial Analyst (Valuation Associate) position at Intrinsic LLC in Denver, Colorado was filed at $65k per year, offering 17% above the prevailing wage of $56k. The case was certified in 320 days during the FY FY2020 cycle. This position is for new employment.

$65k
Annual Salary
$56k
Prevailing Wage
+16.6%
Wage Premium
1
Positions

Filing Details

Case NumberI-200-20072-401765
Case StatusCertified - Withdrawn
Visa ClassH-1B
Fiscal YearFY 2020
EmployerIntrinsic LLC
Employer LocationDenver, Colorado
Job TitleFinancial Analyst (Valuation Associate)
SOC Code13-205100 – Financial Analysts
WorksiteDenver, Colorado
Annual Wage$65k
Prevailing Wage$56k
Wage Premium+16.6%
Positions1 (1 new, 0 continued)

Timeline

Mar 12, 2020
Received
Jan 26, 2021
Decision
Sep 10, 2020
Employment Start
Sep 9, 2023
Employment End

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About This H-1B Filing

This Labor Condition Application (LCA) was filed by Intrinsic LLC for the position of Financial Analyst (Valuation Associate) in Denver, Colorado. The offered annual salary is $65k, compared to the prevailing wage of $56k for this occupation and location. This represents a wage premium of +16.6% 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Case status: Certified - Withdrawn. This means the employer or their representative withdrew the application.

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, Intrinsic LLC filed LCA case number I-200-20072-401765 to sponsor a Financial Analyst (Valuation Associate) position at their worksite in Denver, Colorado. 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 $65k compares to the DOL prevailing wage of $56k for Financial Analysts positions in the Denver, Colorado area. The positive wage premium of +16.6% 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 - Withdrawn Means for This Application

A "Certified-Withdrawn" status means this LCA was initially certified by the DOL but was later withdrawn by the employer. This can happen for various reasons: the foreign worker may have declined the position, found employment elsewhere, the employer may have decided to refile with updated information, or business conditions may have changed. A withdrawal does not negatively affect the employer's ability to file future LCAs.

Processing Time

This LCA was received by the DOL on Mar 12, 2020 and a decision was rendered on Jan 26, 2021, a processing time of approximately 320 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.

Comparing to Industry Standards

The offered salary of $65k for this Financial Analyst (Valuation Associate) 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 13-205100 (Financial 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.

Frequently Asked Questions

What is the salary for this Financial Analyst (Valuation Associate) position?

The offered annual salary for this Financial Analyst (Valuation Associate) position at Intrinsic LLC is $65k. The Department of Labor prevailing wage for this occupation and location is $56k. The offered wage represents a +16.6% premium over the prevailing wage.

Where is this Financial Analyst (Valuation Associate) job located?

This H-1B filing is for a position located in Denver, Colorado. The employing company, Intrinsic LLC, is headquartered in Denver, Colorado.

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 Intrinsic LLC, located in Denver, Colorado. Intrinsic LLC filed this Labor Condition Application (case number I-200-20072-401765) for a Financial Analyst (Valuation Associate) position during fiscal year FY 2020. View all Intrinsic LLC H-1B filings.

What does LCA “Certified - Withdrawn” mean?

Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.

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