Otium Technologies, LLC · Newport Beach, California
Case #I-200-25253-299155
In FY2025, Otium Technologies, LLC sought H-1B sponsorship for a Finance Product Manager in Newport Beach, California at $151k per year, which is 10% above the prevailing wage of $138k. The case was processed in 1 days during the FY FY2025 cycle. This position is for new employment.
| Case Number | I-200-25253-299155 |
| Case Status | Withdrawn |
| Visa Class | H-1B |
| Fiscal Year | FY 2025 |
| Employer | Otium Technologies, LLC |
| Employer Location | Newport Beach, California |
| Job Title | Finance Product Manager |
| SOC Code | 13-205100 – Financial and Investment Analysts |
| Worksite | Newport Beach, California |
| Annual Wage | $151k – $180k |
| Prevailing Wage | $138k |
| Wage Premium | +9.6% |
| Positions | 1 (1 new, 0 continued) |
| Job Title | Salary | Status | Date |
|---|---|---|---|
| Finance Product Manager | $150k | CERTIFIED | Sep 11, 2025 |
| Quantitative Finance Product Designer | $151k | WITHDRAWN | Sep 8, 2025 |
This Labor Condition Application (LCA) was filed by Otium Technologies, LLC for the position of Finance Product Manager in Newport Beach, California. The offered annual salary is $151k, compared to the prevailing wage of $138k for this occupation and location. This represents a wage premium of +9.6% 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Case status: Withdrawn. This means the employer or their representative withdrew the application.
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, Otium Technologies, LLC filed LCA case number I-200-25253-299155 to sponsor a Finance Product Manager position at their worksite in Newport Beach, California. 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 $151k compares to the DOL prevailing wage of $138k for Financial and Investment Analysts positions in the Newport Beach, California area. The positive wage premium of +9.6% 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-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.
This LCA was received by the DOL on Sep 10, 2025 and a decision was rendered on Sep 11, 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 $151k for this Finance Product Manager 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 Finance Product Manager position at Otium Technologies, LLC is $151k to $180k. The Department of Labor prevailing wage for this occupation and location is $138k. The offered wage represents a +9.6% premium over the prevailing wage.
This H-1B filing is for a position located in Newport Beach, California. The employing company, Otium Technologies, LLC, is headquartered in Newport Beach, California.
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 Otium Technologies, LLC, located in Newport Beach, California. Otium Technologies, LLC filed this Labor Condition Application (case number I-200-25253-299155) for a Finance Product Manager position during fiscal year FY 2025. View all Otium Technologies, LLC H-1B filings.
Certified-Withdrawn means this LCA was initially certified by the DOL but was subsequently withdrawn by the employer or their authorized representative.