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Salary: USD 71,539 - 93,895 / annual
Oscar Health is seeking an Actuarial Analyst II – Valuation to join its Actuarial team. Oscar is a health insurance company built on a full-stack technology platform, founded in 2012 with a focus on member-centric service.
In this role, you will maintain and enhance Oscar's valuation processes across multiple Affordable Care Act (ACA) markets. You will be responsible for maintaining and reviewing actuarial models used to develop Incurred but not Reported (IBNR) projections and risk adjustment accruals. You will report to the Manager, Actuarial.
Key responsibilities include:
- Maintain and enhance core valuation models, ensuring consistency and standardization across team users
- Serve as a key contributor in developing and submitting regulatory filings, and develop viewpoints and recommendations for strategic valuation decisions
- Develop and provide recommendations for the accrual-setting process with respect to IBNR claims, risk adjustment, and Shared Savings deals
- Identify and triage 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 and communication with internal and external stakeholders
- Aid in the onboarding of analysts by collaborating and integrating them into existing processes
- Ensure compliance with all applicable laws and regulations
This is a fully remote position open to candidates residing in Dallas, TX. While currently remote, Oscar's approach to work may adapt over time, and future models could potentially involve hybrid presence at the hub office associated with your metro area.
Requirements:
- Bachelor's degree in a STEM field
- Passed a minimum of two actuarial exams
- 2+ years of experience in a related field
Bonus qualifications:
- Experience with health insurance concepts and nuances
- Highly technical with strong enthusiasm to apply tech-forward methods in actuarial models
- Proficient in coding
