Associate Director, Actuarial
About The Position
Oscar is the first health insurance company built around a full stack technology platform and a relentless focus on serving our members. We started Oscar in 2012 to create the kind of health insurance company we would want for ourselves—one that behaves like a doctor in the family. The Associate Director, Actuarial leads and develops a team of Actuarial professionals and is responsible for pricing several ACA markets. The Associate Director, Actuarial will review the reasonableness of results, quantifies risks inherent in decisions, and makes recommendations that help Oscar achieve market goals. The Associate Director, Actuarial mentors and develops Oscar's team of actuaries, including Managers and Analysts, and collaborates closely with cross-functional teams in Finance, Market P&L, and Product Development.
Requirements
- Bachelor's degree in a STEM field, or 4 years commensurate experience.
- Fellow of the Society of Actuaries (SOA), or actively pursuing exams to attain fellowship.
- 7+ 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 the end-to-end actuarial pricing processes within a specific portfolio or sub-portfolio.
- Influence and collaborate with key stakeholders to guide strategic business decisions with respect to rates.
- Have an in-depth understanding of key financial risks and opportunities within the portfolio and across Oscar's business. Apply learnings to guide analytical pricing, prospective pricing strategy, SAE considerations, network strategy, and other unique mitigation strategies.
- Provide an actuarial viewpoint across cross-functional teams for your portfolio as we rapidly grow in existing and new markets and business lines.
- Mentor, coach, and provide actuarial team members with regular feedback.
- Lead and shape Oscar actuarial best practices with respect to automation and documentation.
- Develop strong relationships, rapport, and lines of communication with both internal and external stakeholders.
- Compliance with all applicable laws and regulations
- Other duties as assigned.
Benefits
- medical, dental, and vision benefits
- 11 paid holidays
- paid sick time
- paid parental leave
- 401(k) plan participation
- life and disability insurance
- paid wellness time and reimbursements
- unlimited vacation program
- annual performance bonuses
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What This Job Offers
Job Type
Full-time
Career Level
Manager
