Vice President, Insurance Product Development & Performance

Oscar-Health-; New York (NY); Hybrid; USD 240,000 - 315,000; Full time

Benefits offered by this job

Unlimited vacation program

Equity grants

Annual performance bonuses

Job summary

Oscar Health in New York seeks a visionary Vice President of Insurance Product Development and Performance to shape product strategy, design, and management for our insurance portfolio. You will partner with Market, Actuarial, Sales, and network teams to align products with market demands and regulatory requirements while driving revenue growth.

Lead a talented, cross-functional team, foster innovation, and deliver insights and recommendations to senior leadership to guide strategic decisions

Qualifications

• 15+ years in health insurance product development.
• 5+ years in a senior leadership role.
• Experience across multiple insurance products.
• 5+ years experience in consumer product development.

Responsibilities

• Define and lead the product development strategy for new and existing insurance products, aligning with the company’s vision, growth objectives, and customer needs.
• Build, mentor, and manage a high-performing end-to-end product team, fostering a culture of innovation, accountability, and continuous improvement.
• Design benefits to support the financial and members goals, while ensuring technical and regulatory requirements are met.
• Manage the overall product lifecycle to include design, file for approval, marketing, monitoring for performance and maintenance.

Skills

Product strategy

Team leadership

Stakeholder management

Regulatory alignment

Data-driven decisions

Tools

Cross-functional collaboration

Job description

Vice President, Insurance Product Development & Performance

New York, New York, United States

Hi, we\'re Oscar. We\'re hiring a VP, Insurance Product Development & Performance to join our Insurance 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 Vice President of Insurance Product Development and Performance will lead product strategy, product design and product management for Oscar’s current and future insurance product portfolio. This leader will work with Market, actuarial, sales and network partners to achieve Oscar’s long term membership and financial goals and ensure that our products are aligned with market demands, company goals, and regulatory requirements. They will drive innovation by leading cross-functional teams while balancing technical capabilities with business objectives to develop products that satisfy customer demands, foster a competitive edge, and increase revenue. The VP will also lead a team to deliver key insights, analysis, and recommendations to senior leadership, thereby influencing strategic decisions and promoting organizational growth.

Work Location: This position is based in our New York 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: $240,120 - $315,158 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, company equity grants and annual performance bonuses.

Responsibilities:

• Define and lead the product development strategy for new and existing insurance products, aligning with the company’s vision, growth objectives, and customer needs.
• Build, mentor, and manage a high-performing end-to-end product team, fostering a culture of innovation, accountability, and continuous improvement.
• Design benefits to support the financial and members goals, while ensuring technical and regulatory requirements are met
• Manage the overall product lifecycle to include design, file for approval, marketing, monitoring for performance and maintenance.
• Govern the overall product portfolio in partnership with actuary, market leaders and distribution.
• Establish an industry-leading understanding of shifting and unmet consumer needs and programmatically share relevant consumer insights within the organization
• Identify new opportunities through primary and secondary market research, analyzing internal and external customer data, and staying ahead of industry trends to deliver differentiated, sustainable, and scalable products.
• Work closely with Market Leaders, Actuarial, Sales, and tech teams to develop and refine products, ensuring they meet customer demands and comply with all regulatory requirements.
• Oversee and optimize the insurance product portfolio, building a pipeline of potential concepts that advance to scale through a disciplined stage-gate process to build incremental confidence product performance aligns with company financial goals and strategic targets.
• Leverage customer insights, industry trends, UX/product design best practices, and data analytics to inform product decisions and ensure consumer-centric design.
• Maintain up-to-date knowledge of industry regulations, and ensure all products meet regulatory and compliance standards, working with the regulatory affairs team to influence policy where needed to solve consumer problems.
• Monitor product performance metrics and KPIs, adjusting strategy as needed to optimize profitability, customer satisfaction, retention, and market share.
• Compliance with all applicable laws and regulations
• Other duties as assigned

Requirements:

• 15+ years in health insurance product development
• 5+ years in a senior leadership role
• Experience across multiple insurance products
• 5+ years experience in consumer product development

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 .

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

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.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.