Leste Credit US IA LLC · New York, New York
Case #I-200-25119-917928
In FY2025, Leste Credit US IA LLC sought H-1B sponsorship for a Senior Associate, Originations in New York, New York at $155k per year, which is 6% above the prevailing wage of $146k. The case was denied in 1 days during the FY FY2025 cycle. This position is for new employment.
| Case Number | I-200-25119-917928 |
| Case Status | Denied |
| Visa Class | H-1B |
| Fiscal Year | FY 2025 |
| Employer | Leste Credit US IA LLC |
| Employer Location | MIAMI, Florida |
| Job Title | Senior Associate, Originations |
| SOC Code | 13-205100 – Financial and Investment Analysts |
| Worksite | New York, New York |
| Annual Wage | $155k |
| Prevailing Wage | $146k |
| Wage Premium | +6.1% |
| Positions | 1 (1 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Senior Associate, Originations | $155k | WITHDRAWN | May 6, 2025 |
| Senior Associate, Originations | $155k | CERTIFIED | Apr 30, 2025 |
This Labor Condition Application (LCA) was filed by Leste Credit US IA LLC for the position of Senior Associate, Originations in New York, New York. The offered annual salary is $155k, compared to the prevailing wage of $146k for this occupation and location. This represents a wage premium of +6.1% 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: Denied. This means the Department of Labor has denied the application, possibly due to wage or documentation issues.
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, Leste Credit US IA LLC filed LCA case number I-200-25119-917928 to sponsor a Senior Associate, Originations position at their worksite in New York, New York. 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 $155k compares to the DOL prevailing wage of $146k for Financial and Investment Analysts positions in the New York, New York area. The positive wage premium of +6.1% 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 "Denied" status means the DOL has determined that Leste Credit US IA LLC's LCA did not meet one or more regulatory requirements. Common reasons for denial include: the offered wage falling below the prevailing wage, errors in the application, failure to properly attest to working conditions, or prior violations by the employer. The employer may correct the identified issues and submit a new LCA.
This LCA was received by the DOL on Apr 29, 2025 and a decision was rendered on Apr 30, 2025, a processing time of approximately 1 business day. The standard DOL processing time for LCA applications is 7 to 10 business days. This application was processed within the standard timeframe.
The offered salary of $155k for this Senior Associate, Originations 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 and Investment 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 Senior Associate, Originations position at Leste Credit US IA LLC is $155k. The Department of Labor prevailing wage for this occupation and location is $146k. The offered wage represents a +6.1% premium over the prevailing wage.
This H-1B filing is for a position located in New York, New York. The employing company, Leste Credit US IA LLC, is headquartered in MIAMI, Florida.
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 Leste Credit US IA LLC, located in MIAMI, Florida. Leste Credit US IA LLC filed this Labor Condition Application (case number I-200-25119-917928) for a Senior Associate, Originations position during fiscal year FY 2025. View all Leste Credit US IA LLC H-1B filings.
Denied means the U.S. Department of Labor has rejected this Labor Condition Application. Common reasons for denial include offering a wage below the prevailing wage, incomplete documentation, failure to properly attest to working conditions, or prior violations.