Compensation Program Manager, Oscar Health
$102.2-149.1k
+ Annual performance bonuses. Actual salary range is dependent on location.
More information about location
Digital healthcare insurance
Be an early applicant
Digital healthcare insurance
1001+ employees
Be an early applicant
$102.2-149.1k
+ Annual performance bonuses. Actual salary range is dependent on location.
More information about location
1001+ employees
Company mission
To make a healthier life accessible and affordable for all.
Role
Who you are
- 4+ of experience in compensation planning and analysis at a public company
- Ability to lead programs and processes organization wide by 4+ years of demonstrated project management experience and the ability to handle multiple projects simultaneously while adhering to strict deadlines
- 4+ years of hands on experience in advanced excel with the ability to build complex models and create robust analyses
- 4+ years of expertise of job architecture and market data analysis
- 2+ years of Workday experience
Desirable
- Knowledge of sales compensation plan design, principles, and best practices
- Health Insurance company experience
What the job involves
- The Compensation Program Manager maintains and runs the operations of compensation programs across Oscar, including broad based compensation planning, sales compensation, annual bonus plans, etc
- They act as the project manager for the Compensation Team, along with Compensation Leadership, to ensure all programming is designed in line with market best practices, rolled out in an effective and transparent way, and administered in a well defined/documented manner in line with larger Total Rewards and People Team Strategies
- You will report to the Associate Director, Compensation
- Maintain and run the operations of compensation programs across Oscar, including broad based compensation planning, EOY review cycles, pay equity studies, sales compensation, and annual bonus plans
- Communicate and educate employees about the compensation philosophy and programs ensuring transparency and understanding while also ensuring other People Team members understand their role within the programs
- Act as the point of contact and project manager within the People Team to support compensation related initiatives
- Liaise with Finance teams to ensure accurate support of budgeting, headcount planning, and the bonus accruals process
- Conduct ongoing assessments of compensation plan performance/effectiveness and guide recommendations for enhancements and changes based on market best practices and Oscar’s current needs
- Support SOX compliance by providing support for applicable audits of process, calculations, and payment activity
- Compliance with all applicable laws and regulations
- Other duties as assigned
Our take
The US healthcare system is the worlds largest and most expensive, but has health outcomes worse than other advanced economies. Oscar Health is focused on building a system of healthcare that is completely centered around its members' experience, offering direct-to-consumer insurance, with digital tools such as a virtual care experience forming a key part of the company’s business model.
Oscar is the first health insurance company built around a full stack technology platform. It gained a competitive edge by launching the "My Identity" functionality in 2021, that demonstrated a huge step for diversity and inclusion in healthcare, enabling users to input their names, pronouns and gender identity. It also provides access to health providers that will understand a user's language, race, ethnicity, and health situation, showcasing the company's focus on optimizing member experiences.
The company has secured good funding in the past, and expanded into new markets and states since its launch. This has fuelled growth and supported ventures such as its Culturally Competent Care Grant Program. An upcoming market expansion forms a key part of the company's plans to "more than double" membership by 2027.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 10 rounds)
Dec 2020
$140m
LATE VC
Jun 2020
$225m
LATE VC
Total funding: $1.6bn
Company benefits
- Medical, dental, and vision benefits
- Paid holidays
- Paid vacation
- Sick time
- Paid parental leave
- 401(k) plan participation
- Life and disability insurance
- Paid wellness time and reimbursements
Company values
- What we do is a big deal - We’re solving problems that change and save lives
- Powered by people - Members above all. Developing and growing others is what raises the bar
- No genius without grit - Be relentless. Be scrappy. Trying and failing beats not trying and changing nothing
- Seek the truth - … but never assume you’ve found it. Be scientific
- Inspire & provoke - Develop and display leadership at all levels. Fight to be the best
- Be transparent - Give and ask for direct feedback. Be grateful for and excited by the help of others
- Make it right - Admit your mistakes. Then learn from them. Never build alone
Company HQ
Hudson Square, New York, NY
Articles
Leadership
Mario Schlosser
(Co-Founder & President of Technology)Started their career at McKinsey where they were a Fellow Senior Associate. Founded Vostu where they held the Chief Scientist role before co-founding Oscar Health.
Mark Bertolini
(CEO)Previously Co-CEO at Bridgewater Associates, Chairman and CEO at Aetna as well as EVP at Cigna and Nylcare Health Plans.
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