Vice President, Corporate Development & Strategic Finance

Oscar Health

New York, NY, USA

Published: 6/14/2022

Full Time

Job Description

Hi, we're Oscar. We're hiring a Vice President, Corporate Development & Strategic Finance to join our Finance team.

Oscar is the first health insurance company built around a full stack technology platform and a 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 Vice President, Corporate Development & Strategic Finance is a pivotal leadership role responsible for in-depth analysis of inorganic targets, strategic insights related to Oscar's overall business, and sophisticated financial analysis. This role is responsible for orchestrating and executing all analytical and financial modeling for inorganic growth opportunities, while directly assisting in negotiations of acquisitions. The VP has significant, direct interaction and influence with the Management and Operating Committees of the company, ensuring the business is strategically positioned for future growth through M&A and also tracking against its financial targets.

You will report to the SVP, Deputy CFO.

Work Location:

Oscar is a blended work culture where everyone, regardless of work type or location, feels connected to their teammates, our culture and our mission.

If you live within commutable distance to our New York City office (in Hudson Square), our Tempe office (off the 101 at University Dr), or our Los Angeles office (in Marina Del Rey), you will be expected to come into the office at least two days each week. Otherwise, this is a remote / work-from-home role.

You must reside in one of the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, or Washington, D.C. Note, this list of states is subject to change. #LI-Remote

Pay Transparency:

The base pay for this role is: $255,200 - $334,950 per year. You are also eligible for employee benefits, participation in Oscar's unlimited vacation program, company equity grants and annual performance bonuses.

Responsibilities

Corporate Development & Deal Execution:
- Provide Finance oversight for all end-to-end deal execution (mergers & acquisitions, strategic partnerships, etc.) steps including financial modeling, valuation, and analytical due diligence for potential mergers, acquisitions, and strategic partnerships.
- Directly assist in the negotiation of acquisition terms, leveraging deep financial insights and strategic understanding.
- Drive the corporate development pipeline, from initial target identification and evaluation to integration planning.
- Manage relationships with all external parties including consultants, investment banks, and financial advisors.
Operating Plan Development & Strategic Alignment:
- Lead the development and ongoing management of the multi-year enterprise-wide Operating Plan, ensuring alignment with the overarching enterprise Strategic Plan.
- Monitor and report on progress against key Operating Plan metrics, owning the Operating Committee agendas and driving critical follow-ups to completion with executive stakeholders.
Advanced Financial and Capital Modeling:
- Lead sophisticated, long-term, enterprise-wide financial and capital modeling efforts to inform and influence strategic decisions related to future growth initiatives, capital allocation, and inorganic opportunities.
Strategic Initiative Evaluation & Due Diligence:
- Provide comprehensive quantitative and qualitative evaluations of strategic growth initiatives, including new market entries and business lines, in close partnership with the Corporate Strategy team.
- Conduct deep dives and scenario analyses to support strategic decision-making and validate potential inorganic opportunities.
Executive Leadership & Influence:
- Develop, mentor, and lead a high-performing Strategic Finance & Corporate Development team, fostering a culture of analytical rigor and strategic thinking.
- Collaborate and influence effectively with executive business line owners, members of the Management Committee and Operating Committee, Board of Directors, and Finance Leadership to drive strategic outcomes.
Compliance with all applicable laws and regulations
Other duties as assigned

Qualifications

Bachelor's degree in Finance, Economics, Business Administration, or a related field.
15+ years of progressive experience in analytical financial roles, with significant leadership responsibilities.
12+ years of demonstrated ability using expert financial modeling skills to effectively translate complex data into actionable insights, robust strategies, and comprehensive financial plans, particularly in a corporate development context.
8+ years of significant corporate development experience, including direct involvement in M&A financial modeling, valuation, and negotiation.
7+ years of experience collaborating, influencing, and presenting at the executive level, including direct interaction with C-suite and Board members.

Bonus Points

Experience in similar roles in strategy consulting, financial services, or insurance industries (ex: private equity, venture capital, investment banking)
Strong preference for healthcare industry experience and deep market knowledge.
Advanced degrees or professional designations, such as an MBA or CFA.

This is an authentic Oscar Health job opportunity. Learn more about how you can safeguard yourself from recruitment fraud here.

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.

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.

Artificial Intelligence (AI) Guidelines: Please see our AI Guidelines for the acceptable use of artificial intelligence during the interview process at Oscar.

California Residents: For information about our collection, use, and disclosure of applicants' personal information as well as applicants' rights over their personal information, please see our Notice to Job Applicants.