Senior Analyst, Actuarial - Valuation
About The Position
The Senior Analyst, Actuarial supports Oscar's Valuation processes for several Affordable Care Act (ACA) markets. The Senior Analyst, Actuarial establishes Incurred but not Reported (IBNR) projections and risk adjustment accruals, and investigating actual performance trends to inform budget planning, pricing, and company strategies. This position is eligible for the department's rotational program. You will report into the Director, Actuarial. Work Location: This position is based in our New York City office, requiring a hybrid work schedule with 3 days of in-office work per week. Thursdays are a required in-office day for team meetings and events, while your other two office days are flexible to suit your schedule.
Requirements
- College degree or commensurate skills attainment.
- Associate or Fellow of the Society of Actuaries (SOA), or on the track to become one.
- 3+ years of experience in a related field.
Nice To Haves
- Knowledge of core health insurance concepts and experience with actuarial applications.
- Technical with an enthusiasm to apply tech-forward methods in actuarial models.
Responsibilities
- Establish and communicate the accruals for the monthly close process related to Incurred but not Reported (IBNR) claims, Risk adjustment and/or Shared Savings deals.
- Use SQL and Python to expand existing frameworks, driving new insights and resources for other Actuarial teams.
- Important contributor in reviewing and submitting regulatory filings.
- Investigate the core drivers of observed trends and provide meaningful information for consideration in the financial planning process.
- Promote and shape Oscar actuarial best practices concerning automation and documentation.
- Maintain relationships, rapport, and lines of communication with all partners.
- Aid in the onboarding of analysts by collaborating and integrating them into existing processes.
- Compliance with all applicable laws and regulations.
- Other duties as assigned.
Benefits
- employee benefits
- participation in Oscar's unlimited vacation program
- annual performance bonuses
- 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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
1,001-5,000 employees
