Actuarial Analyst, Valuation
About The Position
Oscar is hiring an Actuarial Analyst II - Valuation to join its Actuarial team. The role maintains Oscar’s valuation processes for several Affordable Care Act (ACA) markets, including regularly maintaining and reviewing actuarial models used to develop Incurred but Not Reported (IBNR) projections and risk adjustment accruals. The position reports to the Manager, Actuarial. The role is based in Oscar’s New York City office and follows a hybrid schedule requiring three in-office days per week. Thursdays are required in-office for team meetings and events; the other two office days are flexible. The base pay range is $79,488–$104,328 per year. The role is also eligible for employee benefits, participation in Oscar’s unlimited vacation program, and annual performance bonuses. Oscar describes itself as an equal opportunity employer focused on creating an inclusive environment where people can be authentic and find belonging and support.
Requirements
- Bachelor’s degree in a STEM field.
- Passed at least two actuarial exams.
- At least 2 years of experience in a related field.
Nice To Haves
- Experience with health insurance concepts and nuances.
- Strong technical skills and enthusiasm for applying technology-forward methods in actuarial models.
- Proficiency in coding.
Responsibilities
- Maintain and enhance core valuation models and ensure consistency and standardization across team users.
- Contribute to developing and submitting regulatory filings, and develop viewpoints and recommendations for strategic valuation decisions.
- Develop and provide recommendations for the accrual-setting process for 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 actuarial best practices related to automation and documentation.
- Maintain strong relationships, rapport, and communication with internal and external stakeholders.
- Help onboard analysts by collaborating with them and integrating them into existing processes.
- Comply with all applicable laws and regulations.
- Perform other duties as assigned.
Benefits
- Employee benefits
- Unlimited vacation program
- Annual performance bonuses
- Medical benefits
- Dental benefits
- Vision benefits
- 11 paid holidays
- Paid sick time
- Paid parental leave
- 401(k) plan participation
- Life insurance
- Disability insurance
- Paid wellness time and reimbursements
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
