[Hiring] Senior Analyst, Actuarial - Reserving @Oscar Health

Role Description

The Senior Analyst, Actuarial supports Oscar’s Valuation processes for a number of Affordable Care Act (ACA) markets. You will be responsible for:

• Establishing Incurred but not Reported (IBNR) projections and risk adjustment accruals.
• Investigating actual performance trends that will inform budget planning, pricing, and company strategies.

This position is eligible for the department’s rotational program and you will report into the Manager, Actuarial.

Work Location: This is a remote position, open to candidates who reside in: Atlanta, GA. You will be fully remote; however, our approach to work may adapt over time. Future models could potentially involve a hybrid presence at the hub office associated with your metro area. #LI-Remote

Pay Transparency: The base pay for this role is: $91,660 - $120,303 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program and annual performance bonuses.

Responsibilities

• Establishes and communicates the accruals for the monthly close process related to Incurred but not Reported (IBNR) claims, Risk adjustment and/or Shared Savings deals.
• Leverages SQL and Python to expand existing frameworks, driving new insights and resources for other Actuarial teams.
• Key contributor in reviewing and submitting regulatory filings.
• Investigates the core drivers of observed trends and provides meaningful information for consideration in the financial planning process.
• Promote and shape Oscar actuarial best practices with respect to automation and documentation.
• Maintain strong relationships, rapport, and lines of communication with both internal and external stakeholders.
• 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.

Qualifications

• 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.

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.