Senior Manager, Actuarial

Oscar Health

🔍 Observed

$158K - $208K USD

New York, New York, United States First seen 3 weeks, 1 day ago Last seen 2 hours, 4 minutes ago Greenhouse

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Job Description

AI Summary

• Lead a team of actuarial analysts responsible for pricing strategy across multiple ACA markets in a specific region, reporting to the Associate Director of Actuarial • Oversee end-to-end rate development and regulatory submissions while ensuring pricing is actuarially sound and aligned with market P&L and product strategy • Requires Associate or Fellow designation from the Society of Actuaries plus 7+ years of quantitative analysis experience, with a STEM degree • Hybrid role based in New York City (3 days/week in-office with flexible scheduling, except required Thursdays) with base salary of $158,400-$207,900, bonuses, and unlimited vacation • Partner cross-functionally to guide pricing decisions, identify financial risks, and mentor junior analysts while promoting best practices in automation and documentation

Hi, we're Oscar. We're hiring a Senior Manager, 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 Senior Manager, Actuarial leads a team of analysts and is responsible for pricing of several ACA markets. The Senior Manager is a critical partner to Market P&L, Insurance Product, and other analytic support functions for consultation of regional specific pricing, network and product strategy. They also oversee the end-to-end regulatory submission, will understand risks underlying their markets, and will ensure pricing is actuarially sound.

You will report into the Associate Director, 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: $158,400 - $207,900 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities:

Lead team programs to enhance pricing models and methodologies.
Oversee the end-to-end rate development within a specific region for Oscar's ACA markets.
Influence and collaborate with key stakeholders to guide strategic decisions concerning rates.
Have an in-depth understanding of key financial risks and opportunities within each of your markets and more broadly across ACA -- and apply those learnings 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 Oscar's ACA-compliant Individual and Small Group markets as we rapidly grow in existing and new markets.
Mentor, coach, and provide pricing analysts with regular feedback.
Promote and shape Oscar actuarial best practices with respect to automation and documentation.
Maintain relationships, partnership, and lines of communication with both internal and external stakeholders.
Compliance with all applicable laws and regulations
Other duties as assigned

Requirements:

College degree in a STEM field.
Associate or Fellow of the Society of Actuaries (SOA), or on the track to become one.
7+ years of quantitative analysis experience.

Bonus points:

Excellent communication, collaboration, and relationship-building skills.
Strong understanding of 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.

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:
Senior
Source:
Greenhouse
Status:
Active

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68 /100

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