Sr. Analyst, Actuarial - Reserving

Oscar Health Insurance; Tempe (AZ); Hybrid; USD 92,000 - 120,000; Full time

Benefits offered by this job

Unlimited vacation program

Annual performance bonuses

Medical, dental, and vision benefits

11 paid holidays

Paid sick time

Paid parental leave

401(k) plan participation

Life and disability insurance

Paid wellness time and reimbursements

Job summary

Oscar Health Insurance seeks a Senior Analyst, Actuarial - Reserving to support IBNR projections, risk adjustment accruals, and trend analysis. Hybrid NYC-based role with 3 days in the office. Base pay ranges from $91,660 to $120,303 per year, plus benefits and bonuses; reports to the Manager, Actuarial.

The ideal candidate has a STEM degree, SOA track, and 3+ years of related actuarial experience. You’ll work with SQL and Python and collaborate across teams.

Qualifications

• Bachelor’s degree in a STEM field.
• SOA Associate or Fellow, or on track to become one.
• 3+ years of actuarial/related experience.

Responsibilities

• Establishes and communicates accruals for monthly close related to IBNR, risk adjustment, and Shared Savings.
• Leverages SQL and Python to expand frameworks and drive insights for actuarial teams.
• Contributes to regulatory filings review and submission.
• Investigates drivers of observed trends for financial planning.
• Promotes actuarial best practices through automation and documentation.
• Maintains relationships with internal and external stakeholders.
• Mentors new analysts during onboarding.
• Ensures compliance with applicable laws and regulations.
• Other duties as assigned.

Skills

SQL proficiency

Python scripting

Education

Bachelor's degree in a STEM field

SOA Associate or Fellow (or on track)

Job description

Hi, we're Oscar. We're hiring a Senior Analyst, Actuarial - Reserving 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 Senior Analyst, Actuarial supports Oscar’s Valuation processes for a number of Affordable Care Act (ACA) markets. You will be responsible for establishing Incurred but not Reported (IBNR) projections and risk adjustment accruals, and investigating actual performance trends that will inform budget planning, pricing, and company strategies. This position is eligible for the department’s rotational program. 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: $91,660 - $120,303 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities

• Establishes and communicates the accruals for the monthly close process related to Incurred but not Reported (IBNR) claims, Risk adjustment and/or Shared Savings deals.
• Leverages SQL and Python to expand existing frameworks, driving new insights and resources for other Actuarial teams.
• Key contributor in reviewing and submitting regulatory filings.
• Investigates the core drivers of observed trends and provides meaningful information for consideration in the financial planning process.
• 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.
• Associate or Fellow of the Society of Actuaries (SOA), or on the track to become one.
• 3+ years of experience in a related field.

Equal Opportunity Employer

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.

Benefit Details

• You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.
• 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)

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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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