Actuarial Analyst II

Oscar Health

🔍 Observed

$73K - $96K USD

New York, New York, United States First seen 3 weeks ago Last seen 7 hours, 7 minutes ago Greenhouse

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Job Description

AI Summary

• Maintain and oversee actuarial models for ACA market pricing, forecasting, and valuation including IBNR projections and risk adjustment accruals • Develop pricing recommendations, regulatory filings, and contribute to strategic decision-making for health insurance plan design • Requires Bachelor's degree in STEM field, minimum 2 passed actuarial exams, and 2+ years related experience; coding proficiency and health insurance knowledge are bonuses • Hybrid role based in NYC requiring 3 days per week in-office (Thursdays mandatory) with flexible scheduling for other days • Base salary $72,800-$95,500 annually plus benefits, unlimited vacation, and performance bonuses

Hi, we're Oscar. We're hiring an Analyst II, Actuarial to join our Actuarial.

Oscar is the first health insurance company built around a full stack technology platform and a relentless 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 Analyst II, Actuarial maintains Oscar's forecasting, valuation, and pricing processes for several Affordable Care Act (ACA) markets. You will oversee regularly maintaining and reviewing actuarial models used to develop pricing, forecasting, trend analytics, Incurred but not Reported (IBNR) projections and risk adjustment accruals.

You will report into the Manager, Actuarial.

Work Location: This position is based in our New York City office, requiring a hybrid work schedule with 3 days of in-office work per week. Thursdays are a required in-office day for team meetings and events, while your other two office days are flexible to suit your schedule. #LI-Hybrid

Pay Transparency: The base pay for this role is: $72,800 - $95,500 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities:

Maintain core pricing and plan design models. Ensure consistency and standardization across team users.
Important contributor in developing and submitting regulatory filings, and developing a viewpoint and recommendation for strategic pricing decisions.
Develop and provide recommendations for the accrual setting process with respect to IBNR claims, Risk adjustment and Shared Savings deals.
Identify and triages meaningful observations of experience across plan designs, providers, vendors, and markets.
Promote and shape Oscar actuarial best practices concerning automation and documentation.
Maintain relationships, rapport, 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

Requirements:

Bachelor's degree in a STEM field.
Passed a minimum of two actuarial exams.
2+ years of experience in a related field.

Bonus points:

Experience with health insurance concepts and nuances.
Highly technical with a strong enthusiasm to apply tech-forward methods in actuarial models.
Proficient in coding

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.

Artificial Intelligence (AI): Our AI Guidelines outline the acceptable use of artificial intelligence for candidates and detail how we use AI to support our recruiting efforts.

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 (accommodations@hioscar.com) 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 Privacy Policy.

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Job Information

Company:
Oscar Health
Location:
New York, New York, United States
Experience Level:
Mid
Source:
Greenhouse
Status:
Active

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68 /100

Likely Active (68)

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