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Actuarial Analyst II

Oscar Health

Actuarial Analyst II

Oscar Health

Flexible / Remote; New York, NY

·

Remote

·

Full-time

·

2w ago

Compensation

$72,800 - $95,500

Benefits & Perks

Healthcare

401(k)

Parental Leave

Unlimited PTO

Healthcare

401k

Parental Leave

Unlimited Pto

Required Skills

Actuarial analysis

Pricing models

Risk assessment

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 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.

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

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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About Oscar Health

Oscar Health

Oscar Health is a technology-focused health insurance company that uses data and design to improve the healthcare experience for members. The company operates Medicare Advantage and ACA individual market health plans.

1,001-5,000

Employees

New York City

Headquarters

$7.1B

Valuation

Reviews

3.7

3 reviews

Work Life Balance

3.5

Compensation

4.0

Culture

3.0

Career

3.5

Management

3.0

60%

Recommend to a Friend

Pros

Competitive compensation

Remote work opportunities

Internship opportunities available

Cons

Limited feedback provided

Not enough specific details

Unspecified concerns

Salary Ranges

0 data points

Junior/L3

L4

L5

Mid/L4

Senior/L5

Junior/L3 · Data Scientist E2

0 reports

$189,000

total / year

Base

-

Stock

-

Bonus

-

$160,650

$217,350

Interview Experience

7 interviews

Difficulty

3.0

/ 5

Duration

14-28 weeks

Offer Rate

43%

Experience

Positive 43%

Neutral 57%

Negative 0%

Interview Process

1

Tech Phone Round

2

Take-home Round

3

Onsite