Senior Actuarial Analyst

$93,600 - $122,850/Yr

Oscar Insurance Company - New York, NY

Full-time - Mid Level

Remote - New York, NY

Insurance Carriers and Related Activities

About the position

The Senior Actuarial Analyst at Oscar plays a crucial role in supporting the company's forecasting, strategy, and pricing efforts across various Affordable Care Act (ACA) markets. This position focuses on analyzing network-related performance trends to inform budget planning and pricing strategies, contributing to data-driven decision-making within the organization. The analyst will build and refine analytical models to evaluate performance and provide insights into Oscar's network-focused programs, ultimately shaping network strategies.

Responsibilities

• Help develop models, applying tools, and conducting benchmarking analyses to guide total cost of care (TCoC) strategies.
• Provide actuarial expertise to teams for Oscar's ACA-compliant individual markets, supporting growth in both existing and new markets.
• Analyze the causes of observed trends to deliver relevant insights that inform financial planning, including budgeting, pricing, and strategic programs for network and member engagement.
• Advocate for and establish best practices in actuarial processes, emphasizing automation and documentation.
• Foster relationships and communicate with internal and external stakeholders.
• Support the onboarding of new analysts by facilitating their integration into established processes.
• Compliance with all applicable laws and regulations.
• Other duties as assigned.

Requirements

• Bachelor's degree in a STEM field.
• 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.

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
• Participation in Oscar's unlimited vacation program
• Annual performance bonuses