Director, Actuarial
Required skills
- Actuarial
- Director
- pricing
- actuarial methodologies
- model enhancements
- business initiatives
- actuarial pricing
- prospective pricing strategy
- SAE considerations
- network strategy
Nice to have
- Oscar
- health insurance
- team of actuaries
- Associate Directors
- Managers
- Analysts
Role summary
Oscar is seeking a remote Director, Actuarial to lead its Actuarial team. This role involves managing regional pricing across multiple states, driving strategic decisions, and ensuring regulatory compliance. The Director will mentor and develop a team of actuaries, collaborate with cross-functional departments like Finance and Product Development, and make critical actuarial decisions. Responsibilities include owning financial estimates and forecasts, refining actuarial methodologies, overseeing pricing processes, and promoting long-term strategic goals. The position requires a Bachelor's degree in a STEM field or equivalent experience, 10+ years of actuarial/quantitative analysis experience, and ideally, a Fellow of the Society of Actuaries (SOA) designation or progress towards it. Strong understanding of health insurance concepts and prior experience leading healthcare actuarial teams are considered bonuses.
Hi, we're Oscar. We're hiring a Director, Actuarial to join our Actuarial team.
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.
About the role:
The Director, Actuarial, plays an important role in Oscar's actuarial department, leading a skilled team to manage Regional pricing across multiple states, drive strategic decisions and ensure regulatory compliance. Additionally, responsibilities will extend to mentoring and developing Oscar's team of actuaries. This team includes Associate Directors, Managers, and Analysts. Responsibilities will also involve collaborating closely with cross-functional teams in Finance, P&L, Product Development, and others. This actuarial leadership position makes critical actuarial decisions, has ownership of financial estimates and forecasts, and communicates recommendations to senior executives.
You will report into the VP, Actuarial.
Work Location: This position is fully remote and open to candidates residing in the U.S., excluding Alaska; Delaware; Hawaii; Louisiana; Montana; North Dakota; Oklahoma; West Virginia; Wyoming; and U.S. Territories. Daily work is completed from your home office, with occasional travel required for team meetings and company events. #LI-Remote
Pay Transparency: The base pay for this role in the states of California, Connecticut, New Jersey, New York, and Washington is: $198,720 - $260,820 per year. The base pay for this role in all other locations is: $178,848 - $234,738 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, company equity grants and annual performance bonuses.
Responsibilities:
Requirements:
Bonus points:
This is an authentic Oscar Health job opportunity.
At Oscar, being an Equal Opportunity Employer means more than upholding discrimination-free hiring practices. It means that we cultivate an environment where people can be their most authentic selves and find both belonging and support. We're on a mission to change health care -- an experience made whole by our unique backgrounds and perspectives.
Pay Transparency: Final offer amounts, within the base pay set forth above, are determined by factors including your relevant skills, education, and experience. Full-time employees are eligible for benefits including: medical, dental, and vision benefits, 11 paid holidays, paid sick time, paid parental leave, 401(k) plan participation, life and disability insurance, and paid wellness time and reimbursements.
Artificial Intelligence (AI): Our AI Guidelines outline the acceptable use of artificial intelligence for candidates and detail how we use AI to support our recruiting efforts.
Reasonable Accommodation: Oscar applicants are considered solely based on their qualifications, without regard to applicant’s disability or need for accommodation. Any Oscar applicant who requires reasonable accommodations during the application process should contact the Oscar Benefits Team (accommodations@hioscar.com) to make the need for an accommodation known.
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