Director, Insurance Product Innovation and Emerging Solutions

Hi, we're Oscar. We're hiring a Director, Insurance Product Innovation and Emerging Solutions to join our Insurance Product Development 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, Insurance Product Innovation and Emerging Solutions leads the development, as well as, execution of a portfolio of innovative lifestyle focused health insurance products, including employer-subsidized, multicultural, disease-specific products, and strategic vendor partnerships.

This role operates as a hands-on product leader and people leader, accountable for end to end product strategy, design, execution, and performance. The Director translates enterprise priorities and market insights into scalable, clinically, and customer experience informed market ready solutions that address diverse and high need populations, while driving growth, affordability, and portfolio performance.

You will report into the Vice President, Insurance Product Innovation and Development

Work Location: This is a remote / work-from-home role. You must reside in one of the following states: Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, or Virginia. Note, this list of states is subject to change. #LI-Remote

Pay Transparency: The base pay for this role is: $180,504 - $236,911 per year in New Jersey, New York, and California. The base pay for all other locations is: $162,453 - $213,220 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, and annual performance bonuses.

Responsibilities:

Product Strategy Ownership

• Own portfolio strategy, roadmap, and long-term vision for innovative, lifestyle, and emerging health insurance solutions
• Define product investment priorities, including launch, expansion, modification, or sunset decisions
• Leads and develops business cases and ROI assessments associated with new product offerings, including cross-functional alignment on key modeling assumptions to propel growth in membership and margin
• Translate enterprise strategy and market signals, cross-functionally, into clear product visions, target segments, and value propositions
• Identify opportunities driven by member needs, health disparities, utilization trends, and cost drivers, in partnership with actuarial, medical economics, market leadership, and corporate finance

Product Design, Clinical Integration & Innovation

• Partner with intra-department with leaders to deliver fileable, scalable, and clinically informed lifestyle health plan designs
• Lead development of multicultural and population-specific offerings tailored to diverse member and community needs
• Support development of disease specific and condition specific health solutions, integrating clinical, network, actuarial, and benefit design to delight and differentiate
• Drive innovation in affordability, access, and experience, including benefit design, cost-sharing strategies, and targeted plan constructs
• Oversee integration of ancillary and supplemental offerings aligned to core major medical insurance products

Strategic Partnerships & Ecosystem Development

• Develop and execute partnerships cross-functionally with providers, retail, and non-traditional partners to build Oscar’s ecosystem of consumer lifestyle offerings
• Structure product models that leverage external capabilities to enhance value and differentiation across Oscar’s portfolio
• Ensure seamless integration of partners into product design and go-to-market execution, alongside market leadership

Team Leadership & Execution

• Drive execution through complex dependencies, timelines, and trade-offs
• Establish and operate within a data and analytically driven product development model, including use of segmentation and journey frameworks
• Build, lead, and develop a high-performing team of managers and/or analysts
• Set clear expectations, priorities, and accountability for delivery of product outcomes
• Operate as a player/coach, directly contributing to complex product work, while leading team execution

Requirements

• Bachelor's degree or 10+ years of commensurate work experience in health insurance, product strategy, or insurance product management
• 5+ years experience leading teams and complex cross-functional initiatives
• Experience developing and launching disease specific or ACA/Small Group health insurance products
• Experience building and evaluating business cases, including revenue, cost, and ROI considerations
• Strong cross-functional leadership and ability to operate in a matrixed environment
• Analytical mindset with ability to translate data into actionable insights
• Willingness to travel up to 25% of the time.

Bonus Points

• Bachelor's Degree.
• MBA, MHA, or other advanced degree.
• Experience developing solutions for multicultural, underserved, or specialized chronic condition populations
• Familiarity with clinically oriented or disease specific product models, focused on ACA and Small Group populations
• Experience with ancillary products, including vendor/partnership management post-implementation (e.g., dental, vision, supplemental A&H products)
• Exposure to regulatory filing processes (e.g., PBT, SBC, SERFF) and QHP certification processes
• Track record of developing high-performing talent and building strong team culture

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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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