Actuarial Analyst II, Valuation (Hybrid NYC)

Oscar-Health-; New York (NY); Hybrid; USD 79,000 - 104,000; Full time

Job summary

Oscar Health in New York City is seeking an Actuarial Analyst II - Valuation to join our Actuarial team. The Analyst maintains valuation processes for ACA markets and reviews models used for IBNR projections and risk adjustment accruals.

You will report to the Manager, Actuarial, and work in a hybrid NYC office with 3 days in-office per week. Base pay ranges from $79,488 to $104,328 per year, with benefits and performance bonuses.

Qualifications

• Bachelor's degree in a STEM field.
• Passed a minimum of two actuarial exams.
• 2+ years of experience in a related field.
• Experience with health insurance concepts and nuances.
• Highly technical with a strong enthusiasm to apply tech-forward methods in actuarial models.
• Proficient in coding.

Responsibilities

• Maintain and enhance core valuation models. Ensure consistency and standardization across team users.
• Key contributor in developing and submitting regulatory filings, as well as 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.
• Identifies and triages meaningful observations of experience across plan designs, providers, vendors, and markets.
• 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.
• 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

Skills

Actuarial exams passed

Coding proficiency

Health insurance concepts

Education

Bachelor's degree in STEM

Job description

Oscar Health in New York City is seeking an Actuarial Analyst II - Valuation to join our Actuarial team. The Analyst maintains valuation processes for ACA markets and reviews models used for IBNR projections and risk adjustment accruals.

You will report to the Manager, Actuarial, and work in a hybrid NYC office with 3 days in-office per week. Base pay ranges from $79,488 to $104,328 per year, with benefits and performance bonuses.