Vice President, Insurance Product Development & Performance

Oscar Health•New York, NY

3d•$240,120 - $315,158•Hybrid

About The Position

The Vice President of Insurance Product Development and Performance will lead product strategy, product design and product management for Oscar’s current and future insurance product portfolio. This leader will work with Market, actuarial, sales and network partners to achieve Oscar’s long term membership and financial goals and ensure that our products are aligned with market demands, company goals, and regulatory requirements. They will drive innovation by leading cross-functional teams while balancing technical capabilities with business objectives to develop products that satisfy customer demands, foster a competitive edge, and increase revenue. The VP will also lead a team to deliver key insights, analysis, and recommendations to senior leadership, thereby influencing strategic decisions and promoting organizational growth.

Requirements

15+ years in health insurance product development
5+ years in a senior leadership role
Experience across multiple insurance products

Nice To Haves

5+ years experience in consumer product development

Responsibilities

Define and lead the product development strategy for new and existing insurance products, aligning with the company’s vision, growth objectives, and customer needs.
Build, mentor, and manage a high-performing end-to-end product team, fostering a culture of innovation, accountability, and continuous improvement.
Design benefits to support the financial and members goals, while ensuring technical and regulatory requirements are met
Manage the overall product lifecycle to include design, file for approval, marketing, monitoring for performance and maintenance.
Govern the overall product portfolio in partnership with actuary, market leaders and distribution.
Establish an industry-leading understanding of shifting and unmet consumer needs and programmatically share relevant consumer insights within the organization
Identify new opportunities through primary and secondary market research, analyzing internal and external customer data, and staying ahead of industry trends to deliver differentiated, sustainable, and scalable products.
Work closely with Market Leaders, Actuarial, Sales, and tech teams to develop and refine products, ensuring they meet customer demands and comply with all regulatory requirements.
Oversee and optimize the insurance product portfolio, building a pipeline of potential concepts that advance to scale through a disciplined stage-gate process to build incremental confidence product performance aligns with company financial goals and strategic targets.
Leverage customer insights, industry trends, UX/product design best practices, and data analytics to inform product decisions and ensure consumer-centric design.
Maintain up-to-date knowledge of industry regulations, and ensure all products meet regulatory and compliance standards, working with the regulatory affairs team to influence policy where needed to solve consumer problems.
Monitor product performance metrics and KPIs, adjusting strategy as needed to optimize profitability, customer satisfaction, retention, and market share.
Compliance with all applicable laws and regulations
Other duties as assigned