VP, Insurance Product Innovation and Development

Summary

Join Oscar as the Vice President of Insurance Product Innovation and Development and lead product strategy, design, and management for our current and future insurance product portfolio. Collaborate with Market, actuarial, sales, and network partners to achieve Oscar’s long-term membership and financial goals. Drive innovation by leading cross-functional teams, balancing technical capabilities with business objectives to develop customer-centric products. Lead a team to deliver key insights and recommendations to senior leadership, influencing strategic decisions and promoting organizational growth. This role reports to the SVP, Market Management and offers a blended work culture with flexibility depending on location. The base pay is $232,000 - $304,500 per year, plus benefits, unlimited vacation, equity grants, and annual performance bonuses.

Requirements

• 15+ years in health insurance product development
• 5+ years in a senior leadership role
• Experience across multiple insurance products

Responsibilities

• Define and lead the product development strategy for new and existing insurance products, aligning with the company’s vision, growth objectives, and customer needs
• Build, mentor, and manage a high-performing product development team, fostering a culture of innovation, accountability, and continuous improvement
• Establish an industry-leading understanding of shifting and unmet consumer needs and programmatically share relevant consumer insights within the organization
• Identify new opportunities through conducting primary and secondary market research, analyzing internal and external customer data, and staying ahead of industry trends to deliver differentiated, sustainable, and scalable products
• Collaborate with key stakeholders to deliver product innovation and growth in key markets
• Work closely with Market Leaders, Actuarial, Sales, and tech teams to develop and refine products, ensuring they meet customer demands and comply with all regulatory requirements
• Oversee and optimize the insurance product portfolio, building a pipeline of potential concepts that advance to scale through a disciplined stage-gate process to build incremental confidence product performance aligns with company financial goals and strategic targets
• Leverage customer insights, industry trends, UX/product design best practices, and data analytics to inform product decisions and ensure consumer-centric design
• Maintain up-to-date knowledge of industry regulations, and ensure all products meet regulatory and compliance standards, working with the regulatory affairs team to influence policy where needed to solve consumer problems
• Monitor product performance metrics and KPIs, adjusting strategy as needed to optimize profitability, customer satisfaction, retention, and market share
• Compliance with all applicable laws and regulations
• Other duties as assigned

Preferred Qualifications

5+ years experience in consumer product development

Benefits

• Medical, dental, and vision benefits
• 11 paid holidays
• Paid sick time
• Paid parental leave
• 401(k) plan participation
• Life and disability insurance
• Paid wellness time and reimbursements