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Salary: USD 91,660 - 120,303 / annual
Oscar Health is seeking a Senior Analyst, Actuarial - Reserving to support its Valuation processes for Affordable Care Act (ACA) markets. This role is part of Oscar's Actuarial team and is eligible for the department's rotational program.
In this position, you will be responsible for establishing Incurred but not Reported (IBNR) projections and risk adjustment accruals, and investigating actual performance trends that inform budget planning, pricing, and company strategies. You will report to the Manager, Actuarial.
Key responsibilities include:
- Establishing and communicating accruals for the monthly close process related to IBNR claims, risk adjustment, and/or shared savings deals
- Leveraging SQL and Python to expand existing frameworks and drive new insights for other Actuarial teams
- Contributing to the review and submission of regulatory filings
- Investigating core drivers of observed trends and providing meaningful information for financial planning
- Promoting and shaping Oscar actuarial best practices with respect to automation and documentation
- Maintaining strong relationships and communication with internal and external stakeholders
- Aiding in the onboarding of analysts by collaborating and integrating them into existing processes
- Ensuring compliance with all applicable laws and regulations
Oscar is the first health insurance company built around a full stack technology platform with a relentless focus on serving members. Founded in 2012, Oscar aims to create health insurance that behaves like a doctor in the family.
Requirements:
- Bachelor's degree in a STEM field
- Associate or Fellow of the Society of Actuaries (SOA), or on track to become one
- 3+ years of experience in a related field
