Senior Actuarial Analyst

Hi, we're Oscar. We're hiring a Senior Actuarial Analyst 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 Senior Analyst, Actuarial supports Oscar’s forecasting, strategy, and pricing processes for several Affordable Care Act (ACA) markets. The Senior Analyst, Actuarial reviews pricing, establishing Incurred but not Reported (IBNR) projections and risk adjustment accruals, and investigating actual performance trends to inform budget planning, pricing, and company strategies.  

You will report to the Sr. Manager, 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, California, Colorado, Connecticut, Florida, Georgia, Illinois, 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: $93,600 - $122,850 per year. The base pay for this role in all other locations is: $82,240 - $110,565 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities

• Review core pricing and plan design models and provide actuarial insights that will inform strategic pricing considerations.
• Main contributor in reviewing and submitting regulatory filings.
• Communicate the accruals for the monthly close process related to Incurred but not Reported (IBNR) claims, Risk adjustment and/or Shared Savings deals. 
• Investigate the core drivers of observed trends and provide meaningful information for consideration in the financial planning process.
• Promote and shape Oscar actuarial best practices concerning automation and documentation. 
• Maintain relationships, partnership, and lines of communication with all partners.
• Aid in the onboarding of analysts by collaborating and integrating them into existing processes.
• Compliance with all applicable laws and regulations.
• Other duties as assigned.

Qualifications

• Bachelor's degree in a STEM field.
• Associate or Fellow of the Society of Actuaries (SOA), or on the track to become one.
• 3+ years of experience in a related field.

Bonus Points

• Knowledge of core health insurance concepts and experience with actuarial applications.
• Technical with an enthusiasm to apply tech-forward methods in actuarial models.