Associate Director, Actuarial

Hi, we're Oscar. We're hiring an Associate Director, Actuarial to join our Actuarial team.

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 Associate Director, Actuarial leads and develops a team of Actuarial professionals and is responsible for pricing several ACA markets. The Associate Director, Actuarial will review the reasonableness of results, quantifies risks inherent in decisions, and makes recommendations that help Oscar achieve market goals. The Associate Director, Actuarial mentors and develops Oscar's team of actuaries, including Managers and Analysts, and collaborates closely with cross-functional teams in Finance, Market P&L, and Product Development.

You will report into the VP, Actuarial.

Work Location: This position is fully remote and open to candidates residing in the U.S., excluding Alaska; Delaware; Hawaii; Louisiana; Montana; North Dakota; Oklahoma; West Virginia; Wyoming; and U.S. Territories. Daily work is completed from your home office, with occasional travel required for team meetings and company events. #LI-Remote

Pay Transparency: The base pay for this role in the states of California, Connecticut, New Jersey, New York, and Washington is: $180,504 - $236,912 per year. The base pay for this role in all other locations is: $162,454 - $213,220 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities

• Own financial estimates and forecasts; communicate findings and critical actuarial recommendations to senior management.
• Lead team initiatives to enhance actuarial models and methodologies.
• Oversee the end-to-end actuarial pricing processes within a specific portfolio or sub-portfolio.
• Influence and collaborate with key stakeholders to guide strategic business decisions with respect to rates.
• Have an in-depth understanding of key financial risks and opportunities within the portfolio and across Oscar's business. Apply 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 your portfolio as we rapidly grow in existing and new markets and business lines.
• Mentor, coach, and provide actuarial team members with regular feedback.
• Lead and shape Oscar actuarial best practices with respect to automation and documentation.
• Develop strong relationships, rapport, and lines of communication with both internal and external stakeholders.
• Compliance with all applicable laws and regulations
• Other duties as assigned.

Requirements

• Bachelor's degree in a STEM field, or 4 years commensurate experience.
• Fellow of the Society of Actuaries (SOA), or actively pursuing exams to attain fellowship.
• 7+ years of actuarial and / or quantitative analysis experience.

Bonus points

• Bachelor's degree in a STEM field.
• Excellent communication, collaboration, and relationship-building skills.
• Strong understanding of health insurance concepts and nuances.

This is an authentic Oscar Health job opportunity.

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.

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