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Salary: USD 178,848 - 260,820 / annual
Oscar Health is seeking a Director, Actuarial to lead the actuarial team in managing regional pricing across multiple states, driving strategic decisions, and ensuring regulatory compliance. This is a leadership role within Oscar's actuarial department, reporting to the VP, Actuarial.
Key responsibilities include:
- Own decision-making on actuarial methodologies, model enhancements, and business initiatives, continually refining approaches across the portfolio and business
- Oversee end-to-end actuarial pricing processes within a specific portfolio
- Promote long-term strategic goals guiding the actuarial function
- Develop in-depth understanding of financial risks and opportunities, applying insights to guide analytical pricing, prospective pricing strategy, SAE considerations, and network strategy
- Mentor, coach, and provide regular feedback to actuarial team members (Associate Directors, Managers, and Analysts)
- Provide actuarial perspective in cross-functional discussions with Finance, P&L, Product Development, and other teams
- Lead and shape Oscar actuarial best practices around automation and documentation
- Develop strong relationships with internal and external senior stakeholders
- Ensure compliance with applicable laws and regulations
Oscar is a health insurance company built on a full-stack technology platform, founded in 2012 with a focus on member-centric service. The role is fully remote, open to US candidates excluding Alaska, Delaware, Hawaii, Louisiana, Montana, North Dakota, Oklahoma, West Virginia, Wyoming, and US Territories. Occasional travel required for team meetings and company events.
Requirements:
- Bachelor's degree in a STEM field, or 4 years of commensurate experience
- Fellow of the Society of Actuaries (SOA), or on track to become one
- 10+ years of actuarial and/or quantitative analysis experience
Bonus qualifications:
- Excellent communication, collaboration, and relationship-building skills
- Strong understanding of health insurance concepts and nuances
- Prior experience leading teams of healthcare actuaries
