Actuarial Analyst, Valuation

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

Benefits offered by this job

Unlimited vacation

Annual performance bonus

Medical, dental & vision benefits

Job summary

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

The role reports to Manager, Actuarial, with a hybrid schedule that requires 3 days in-office per week; Thursdays are in-office for meetings and events. Base pay ranges from $79,488 to $104,328 per year, plus benefits, unlimited vacation, and annual performance

Qualifications

• Bachelor's degree in STEM field required.
• Passed a minimum of two actuarial exams.
• 2+ years of experience in a related field.

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

Education

Bachelor's degree in STEM field

Job description

Hi, we're Oscar. We're hiring an Actuarial Analyst II - Valuation 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 Analyst II, Actuarial maintains Oscar's valuation processes for a number of Affordable Care Act (ACA) markets. You will regularly maintain and review actuarial models used to develop 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: $79,488 - $104,328 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

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

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.

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 ([e-mail]) to make the need for an accommodation known.

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