Senior Analyst, Actuarial - Valuation

Oscar Health

🔍 Observed

$102K - $134K USD

Hartford, Connecticut, United States First seen 3 weeks ago Last seen 6 hours, 38 minutes ago Greenhouse

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Job Description

AI Summary

• Establish IBNR projections and risk adjustment accruals for ACA markets while investigating performance trends to inform budget planning and pricing strategy. • Use SQL and Python to develop and expand actuarial frameworks, contribute to regulatory filings, and drive automation and documentation best practices. • Requires college degree plus SOA Associate or Fellow designation (or on track), with 3+ years of related actuarial experience. • Base salary $101,844-$133,670 annually with performance bonuses, unlimited vacation, and employee benefits; fully remote position based in Hartford, CT area. • Senior-level role reporting to Director of Actuarial with opportunity to participate in departmental rotational program and mentor junior analysts.

Hi, we're Oscar. We're hiring a Senior Analyst, Actuarial - Valuation 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 Analyst, Actuarial supports Oscar's Valuation processes for several Affordable Care Act (ACA) markets. The Senior Analyst, Actuarial establishes Incurred but not Reported (IBNR) projections and risk adjustment accruals, and investigating actual performance trends to inform budget planning, pricing, and company strategies. This position is eligible for the department's rotational program.

You will report into the Director, Actuarial.

This is a remote position, open to candidates who reside in: Hartford, CT. You will be fully remote; however, our approach to work may adapt over time. Future models could potentially involve a hybrid presence at the hub office associated with your metro area. #LI-Remote

Pay Transparency: The base pay for this role is: $101,844 - $133,670.25 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities:

Establish and communicate the accruals for the monthly close process related to Incurred but not Reported (IBNR) claims, Risk adjustment and/or Shared Savings deals.
Use SQL and Python to expand existing frameworks, driving new insights and resources for other Actuarial teams.
Important contributor in reviewing and submitting regulatory filings.
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, 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:

College degree or commensurate skills attainment.
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.

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:
Hartford, Connecticut, United States
Experience Level:
Senior
Source:
Greenhouse
Status:
Active

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68 /100

Likely Active (68)

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