Financial Analyst (Actuary)

About Us

One Medical is a primary care platform challenging the industry status quo by making quality care more affordable, accessible and enjoyable. But this isn’t your average doctor’s office. We’re on a mission to radically transform healthcare, which means tackling the frustrations of everyone involved — from patients and providers to employers and health networks.

Across the country, our members enjoy seamless access to comprehensive care at more than 180 locations across 28 cities (and counting!) as well as 24/7 access to virtual care powered by intelligent uses of technology. In addition to a direct-to-consumer membership model, we work with more than 7,000 companies to provide One Medical health benefits to their employees.

On January 31, 2020 we marked a milestone with our public listing on Nasdaq, but our work is far from over. As we continue to grow and broaden our impact, we’re building a diverse, driven and empathetic team, while working hard to cultivate an environment where everyone can thrive.

The Opportunity

One Medical is seeking a Financial Analyst to join our Actuarial & Strategic Finance Team. This fast-paced role provides an outstanding opportunity to influence data-driven business decisions. The Actuarial & Strategic Finance team has exposure to all facets of the business and plays a critical role in shaping the future and strategy of the company through forecasting and analysis of key business drivers. This position will have the opportunity to work on non-traditional actuarial and financial projects in a rapidly growing healthcare environment.

You will partner directly with our finance and clinical team members to help build out our core actuarial functions and support strategic decisions. As an actuarial leader on the team you will own key processes across reserving, forecasting, pricing, and value-based contract analytics. You will help design new processes that provide critical and timely evaluation of our financial risks to the strategic finance team.

We’d love to speak to you if you are extremely proactive, motivated, well organized, and have the ability to multitask while working with different stakeholders within the organization.

What you'll likely work on:

• Manage an actuarially sound monthly reserving process and modeling for total medical expense (TME) and premium estimation.
• Support month end financial and accounting processes for relevant actuarial estimates.
• Manage continuous evaluation of TME performance compared to plan expectations.
• Perform retrospective analysis of IBNR estimation and monitor the suitability of the completion factor estimates.
• Support ongoing audit review of IBNR estimates.
• Support medical economics reporting and ad-hoc analyses relating to cost of care management.
• Provide insights into risk adjustment factor analytics, estimation and financial impact.
• Support the evaluation of stop loss coverage limits and risk exposure within value based contracts.
• Clearly and concisely articulate complex analyses to various stakeholders and business leaders.

What you’ll need:

• Bachelor's Degree in Finance, Actuarial Science, Mathematics, Economics, or Business required
• 2 or more Actuarial Exams preferred
• 2+ years of experience in healthcare finance, consulting, or healthcare actuarial analytics
• Medicare experience preferred
• Experience in financial modeling and developing automated reports and dashboards
• Experience in determining monthly IBNR estimates
• Strong technical programming skills preferred; SQL, R, SAS, Python
• Experience in data visualization experience; Tableau, Looker, PowerBI
• Demonstrates attention to detail
• Ability to thrive in a fast-paced, high-performance environment
• Exceptional communication and interpersonal skills, with proven success partnering and collaborating across a wide spectrum of stakeholders
• Ability to work cross-functionally with stakeholders (Operations, FP&A, Accounting, Clinical, etc.) across the organization

Benefits designed to aid your health and wellness:

Taking care of you today

• Paid sabbatical after 5 and 10 years
• Employee Assistance Program - Free confidential advice for team members who need help with stress, anxiety, financial planning, and legal issues
• Competitive Medical, Dental and Vision plans
• Free One Medical memberships for yourself, your friends and family
• Pre-Tax commuter benefits
• PTO cash outs - Option to cash out up to 40 accrued hours per year

Protecting your future for you and your family

• 401K match
• Opportunity to participate in company equity programs
• Credit towards emergency childcare
• Company paid maternity and paternity leave
• Paid Life Insurance - One Medical pays 100% of the cost of Basic Life Insurance
• Disability insurance - One Medical pays 100% of the cost of Short Term and Long Term Disability Insurance

This is a full-time role based anywhere in the US.

One Medical is an equal opportunity employer and encourages all applicants from every background and life experience.

#LI-SB2

#LI-Remote

One Medical is an equal opportunity employer, and we encourage qualified applicants of every background, ability, and life experience to contact us about appropriate employment opportunities.

Subject to applicable law, proof of COVID 19 vaccination is required for employees and contractors who interact with patients, access a shared office space or engage with other team members, except where a medical or religious accommodation applies.

One Medical participates in E-Verify and will provide the federal government with your Form I-9 information to confirm that you are authorized to work in the U.S. Please refer to the E-Verification Poster (English/Spanish) and Right to Work Poster (English/Spanish) for additional information.