What are the responsibilities and job description for the Manager, Actuarial position at Oscar Health?
Hi, we're Oscar. We're hiring a Manager, 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 Manager, Actuarial leads a team of analysts and is responsible for pricing of several ACA markets. You will be a critical partner to Market P&L, Insurance Product, and other analytic support responsibilities for consultation of regional specific pricing, network and product strategy. You will also lead the end-to-end regulatory submission, understand risks underlying their markets, and ensure pricing is actuarially sound.
You will report into the 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: $131,200 - $172,200 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.
Responsibilities:
- Maintain pricing models and methodologies, perform several trend analyses and experience monitoring.
- Oversee the end-to-end rate development within a specific region for Oscar's ACA markets.
- Influence and collaborate with partners to guide strategic decisions concerning rates.
- Monitor and understand emerging A:E and market dynamics in your region and apply those learnings to guide the prospective pricing strategy.
- Provide an actuarial viewpoint across teams for Oscar's ACA-compliant Individual and Small Group markets as we 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 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:
- College degree in a STEM field.
- Associate or Fellow of the Society of Actuaries (SOA), or on the track to become one.
- 5 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.
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Salary : $131,200 - $172,200