Actuarial Analyst II

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.

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