Director of Executive Compensation & Equity Administration, Oscar Health

$174.4-206k

Salary is partially dependant on applicants location. You will also be eligible for equity and annual performance bonuses

Excel
Expert level
Los Angeles
New York
Remote from US

More information about location

Oscar Health

Digital healthcare insurance

Open for applications

Oscar Health

Digital healthcare insurance

1001+ employees

HealthcareB2CB2BInsuranceMobile

Open for applications

$174.4-206k

Salary is partially dependant on applicants location. You will also be eligible for equity and annual performance bonuses

Excel
Expert level
Los Angeles
New York
Remote from US

More information about location

1001+ employees

HealthcareB2CB2BInsuranceMobile

Company mission

To make a healthier life accessible and affordable for all.

Role

Who you are

  • 10+ years of experience in executive compensation at a public company, with a strong understanding of compensation principles and practices
  • Proven ability to work with senior leadership and board members
  • Strong analytical skills and experience with compensation data analysis and reporting
  • Excellent communication and presentation skills
  • In-depth knowledge of relevant laws and regulations related to executive compensation
  • High level of integrity and ability to handle sensitive and confidential information

Desirable

  • Proficient with equity administration platforms (e.g., E*TRADE, Computershare, Shareworks) and Microsoft Office Suite (Excel, PowerPoint, etc.)

What the job involves

  • The Director of Executive Compensation is responsible for designing, implementing, and managing executive compensation programs that align with the company’s strategic goals and objectives
  • This role involves ensuring that executive compensation packages are competitive, equitable, and compliant with regulatory requirements
  • The Director will work closely with senior leadership and the board of directors to develop board materials that support compensation strategies that attract, retain, and motivate top executive talent
  • This role will also own and oversee the equity administration operations while owning the equity cap table
  • You will report to the Senior Director, Total Rewards
  • Develop, design and implement executive compensation strategies that align with the company’s business objectives and market competitiveness
  • Effectively manage the equity cap table to accurately track and assess the dilutive impact of Oscar’s equity compensation plans and making adjustments to said plans when necessary
  • Conduct regular market analysis to ensure executive compensation packages are competitive and aligned with industry standards
  • Work closely with senior leadership, the board of directors, and the compensation committee to develop and present executive compensation proposals
  • Collaborate with people, finance, legal, and other departments to ensure alignment and compliance with compensation strategies
  • Prepare comprehensive materials and analysis for the Compensation Committee and Board of Directors, ensuring compliance with all relevant laws and regulations, including tax and securities regulations
  • Prepare and review executive compensation disclosures for regulatory filings and shareholder communications
  • Lead a team responsible for administering equity compensation programs across the organization
  • Collaborate with senior leadership (CFO, CHRO, Legal, etc.) to define the strategic direction for equity plans, including stock options, restricted stock units (RSUs), performance stock units (PSU) and employee stock purchase plans (ESPP)
  • Compliance with all applicable laws and regulations
  • Other duties as assigned

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Insights

Top investors

-1% employee growth in 12 months

Company

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

Funding (last 2 of 10 rounds)

Dec 2020

$140m

LATE VC

Jun 2020

$225m

LATE VC

Total funding: $1.6bn

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.

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Steph

Company Specialist at Welcome to the Jungle