Associate Director, Actuarial

Oscar Health•New York, NY

2d•$162,454 - $236,912•Remote

About The Position

Oscar is a health insurance company built around a full-stack technology platform and a focus on serving its members. The Associate Director, Actuarial leads and develops a team of actuarial professionals and is responsible for pricing several ACA markets. This role reviews the reasonableness of results, quantifies risks inherent in decisions, and makes recommendations to help Oscar achieve market goals. It mentors and develops actuaries, including Managers and Analysts, and collaborates with teams in Finance, Market P&L, and Product Development. The position reports to the VP, Actuarial. The role is fully remote for candidates residing in the United States, excluding Alaska, Delaware, Hawaii, Louisiana, Montana, North Dakota, Oklahoma, West Virginia, Wyoming, and U.S. Territories. Work is completed from a home office, with occasional travel for team meetings and company events. The annual base pay range is $180,504–$236,912 in California, Connecticut, New Jersey, New York, and Washington, and $162,454–$213,220 in other eligible locations. Employees are also eligible for benefits, Oscar’s unlimited vacation program, and annual performance bonuses.

Requirements

Bachelor’s degree in a STEM field, or four years of commensurate experience.
Fellow of the Society of Actuaries (SOA), or actively pursuing exams to attain fellowship.
At least seven years of actuarial and/or quantitative analysis experience.

Nice To Haves

Bachelor’s degree in a STEM field.
Excellent communication, collaboration, and relationship-building skills.
Strong understanding of health insurance concepts and nuances.

Responsibilities

Own financial estimates and forecasts; communicate findings and critical actuarial recommendations to senior management.
Lead team initiatives to enhance actuarial models and methodologies.
Oversee end-to-end actuarial pricing processes within a specific portfolio or sub-portfolio.
Influence and collaborate with key stakeholders to guide strategic business decisions regarding rates.
Understand key financial risks and opportunities within the portfolio and across Oscar’s business, and apply learnings to analytical pricing, prospective pricing strategy, SAE considerations, network strategy, and other mitigation strategies.
Provide an actuarial viewpoint across cross-functional teams as Oscar grows in existing and new markets and business lines.
Mentor, coach, and provide regular feedback to actuarial team members.
Lead and shape Oscar actuarial best practices for automation and documentation.
Develop strong relationships, rapport, and communication with internal and external stakeholders.
Comply with applicable laws and regulations.
Perform other duties as assigned.