Sr. Analyst, Actuarial - Reserving

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

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) plan

Job summary

Oscar Health is seeking a Senior Analyst, Actuarial - Reserving to join our Actuarial team in a hybrid role with NYC-based office work three days per week. You will support valuation processes for ACA markets, establish IBNR projections and risk adjustment accruals, and investigate performance trends that inform budgeting and pricing.

The role reports to the Manager, Actuarial and offers a base pay range of $91,660–$120,303 per year, with benefits and bonuses.

Qualifications

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

Responsibilities

• Establishes IBNR projections, risk adjustment accruals, and related monthly close processes.
• Leverages SQL and Python to expand actuarial frameworks and drive insights for other teams.
• Reviews and submits regulatory filings and analyzes trend drivers for FP&A.
• Promotes actuarial best practices and documentation; collaborates with internal and external stakeholders.
• Supports onboarding of junior analysts and ensures compliance with laws and regulations.

Skills

SQL

Python

Actuarial domain knowledge

Education

Bachelor's degree in a STEM field

SOA Associate or Fellow (or on track)

Tools

SQL

Python

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. #LI-Hybrid

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.

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.

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 .

As set forth in Oscar Health’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.