Hi, we're Oscar. We're hiring an Associate Director, Actuarial to join our Actuarial team.
Oscar is the first health insurance company built around a full stack technology platform and a focus on serving our members. We started Oscar in 2012 to create the kind of health insurance company we would want for ourselves—one that behaves like a doctor in the family.
About the role
The Associate Director, Actuarial leads and develops a team of Actuarial professionals responsible for pricing several ACA markets. The Associate Director, Actuarial will review the reasonableness of results, quantifies risks inherent in decisions, and makes recommendations that help Oscar achieve market goals. The Associate Director, Actuarial mentors and develops Oscar’s team of actuaries, including Managers and Analysts, and collaborates with teams in Finance, Market P&L, and Product Development.
You will report to the Associate Director, Actuarial.
Work Location:
Oscar is a blended work culture where everyone, regardless of work type or location, feels connected to their teammates, our culture and our mission.
If you live within commutable distance to our New York City office (in Hudson Square), our Tempe office (off the 101 at University Dr), or our Los Angeles office (in Marina Del Rey), you will be expected to come into the office at least two days each week. Otherwise, this is a remote / work-from-home role.
You must reside in one of the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, or Washington, D.C. Note, this list of states is subject to change. #LI-Remote
Pay Transparency:
The base pay for this role in the states of California, Connecticut, New Jersey, New York, and Washington is: $174,400 - $228,900 per year. The base pay for this role in all other locations is: $156,960 - $206,010 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.
Responsibilities
- Build financial estimates and forecasts; communicate findings and critical actuarial recommendations to senior management.
- Lead team programs to enhance actuarial models and methodologies.
- Oversee the end-to-end actuarial pricing processes within a specific portfolio or sub-portfolio.
- Influence and collaborate with important partners to guide strategic business decisions with respect to rates.
- Have an in-depth understanding of important financial risks and opportunities within the portfolio and across Oscar’s business. Apply insights to guide analytical pricing, prospective pricing strategy, SAE considerations, network strategy, and other unique mitigation strategies.
- Provide an actuarial viewpoint across cross-functional teams for your portfolio as we grow in all markets and businesses.
- Mentor, coach, and provide actuarial team members with regular feedback.
- Lead and shape Oscar actuarial best practices concerning automation and documentation.
- Develop relationships, partnership, and lines of communication with all partners.
- Compliance with all applicable laws and regulations
- Other duties as assigned.
Qualifications
- Bachelor’s degree in a STEM field, or 4 years commensurate experience.
- Fellow of the Society of Actuaries (SOA), or pursuing exams to attain fellowship.
- 7+ years of actuarial and / or quantitative analysis experience.
Bonus Points
- Bachelor’s degree in a STEM field.
- Experience with health insurance concepts and nuances.
This is an authentic Oscar Health job opportunity. Learn more about how you can safeguard yourself from recruitment fraud here.
At Oscar, being an Equal Opportunity Employer means more than upholding discrimination-free hiring practices. It means that we cultivate an environment where people can be their most authentic selves and find both belonging and support. We're on a mission to change health care -- an experience made whole by our unique backgrounds and perspectives.
Pay Transparency: Final offer amounts, within the base pay set forth above, are determined by factors including your relevant skills, education, and experience. Full-time employees are eligible for benefits including: medical, dental, and vision benefits, 11 paid holidays, paid sick time, paid parental leave, 401(k) plan participation, life and disability insurance, and paid wellness time and reimbursements.
Reasonable Accommodation: Oscar applicants are considered solely based on their qualifications, without regard to applicant’s disability or need for accommodation. Any Oscar applicant who requires reasonable accommodations during the application process should contact the Oscar Benefits Team ([email protected]) to make the need for an accommodation known.
California Residents: For information about our collection, use, and disclosure of applicants’ personal information as well as applicants’ rights over their personal information, please see our Notice to Job Applicants.
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What We Do
Health care is broken; we're trying to fix it. The Oscar team is focused on utilizing technology, design and data to humanize health care. We're a group of technology and health care professionals who looked at the current state of the US health care system, got frustrated by the horrible consumer experience, and decided to do something big about it. Backed by a renowned set of investors and advisors, we’ve set out to revolutionize health care.
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