Hi, we're Oscar. We're hiring a Actuarial Analyst II - Valuation 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 Analyst II, Actuarial maintains Oscar’s valuation processes for several Affordable Care Act (ACA) markets. You will manage regularly maintaining and reviewing actuarial models used to develop Incurred but not Reported (IBNR) projections and risk adjustment accruals. Oscar provides a study program for all Actuaries pursuing their exams.
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, California, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, 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: $72,800 - $100,100 per year. The base pay for this role in all other locations is: $65,520 - $90,090 per year. You are also eligible for employee benefits, participation in Oscar’s unlimited vacation program and annual performance bonuses.
Responsibilities
- Maintain and enhance core valuation models. Ensure consistency and standardization across team users.
- Important contributor in developing and submitting regulatory filings, and developing a viewpoint and recommendation for strategic valuation decisions.
- Develop and provide recommendations for the accrual setting process with respect to IBNR claims, Risk adjustment and Shared Savings deals.
- Identify and triage 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 both internal and external stakeholders.
- 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.
- Passed two actuarial exams.
- 2+ years of experience in a related field.
Bonus Points
- Experience with health insurance concepts and nuances.
- Technical with an enthusiasm to apply tech-forward methods in actuarial models.
- Proficient in coding.
