Manager/Head/VP IFRS 17 - Life Insurance

Jakarta Permanent
  • FSAI Certification
  • Large life insurance company

About Our Client

Our client is a leading life insurance company. A well respected player boasting a strong track record historically, they are a premium brand in the industry. Consequently, they are looking to bring on board a dynamic Manager/Head/VP IFRS who can assist the business at a time of rapid growth and make a key contribution to the business.

Job Description

  • Respond to inquiries and maintain effective relationships with OJK and all relevant external stakeholders.
  • Forecast premiums and losses, and assessing the expected variability in those forecasts.
  • Maintain the feedback loop and provision of information and analysis between the pricing, reserving and business planning processes.
  • Conduct indications analysis to assess and forecast impacts of product, market, and economic changes on profitability and rate need.
  • Effectively communicate results of analysis to peers and senior management across the organization, both in writing and in presentations.
  • Maintain an external network within the Insurance industry to track emerging trends and approaches to business issues.
  • Working closely with Underwriters to develop rating models and methods and reviewing the pricing and structure of larger and/or more unusual risks.
  • Quantify the technical adequacy of rates required to meet returns on capital.
  • Conduct data collection for regular reporting to AAUI and OJK, as well as internal reporting.

The Successful Applicant

  • Fellow Society of Actuaries of Indonesia (FSAI).
  • In-depth understanding of actuarial technical foundation and life insurance products.
  • Experience in the pricing / valuation of insurance products and valuation of technical reserves.
  • Ability to interact with internal and external stakeholders - BOC, BOD, Department Heads, and the Regulator.
  • Sound understanding of local regulations in life Insurance industry.
  • Strong business acumen and commercial insight.
  • Strong analytical and decision-making skills.
  • A keen eye for detail and desire to probe further into data.
  • Ability to manage a process and handle multiple tasks simultaneously.
  • Proficient in English and Bahasa - speaking and writing.

What's on Offer

  • Opportunity to work with a leading life insurance company with a wonderful history, culture and reputation
  • Excellent remuneration package based on experience
  • Exposure on the IFRS 17
Gustav Fierdaus
Quote job ref
Phone number
+62 21 2958 8865

Job summary

Banking & Financial Services
Sub Sector
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Contract Type
Consultant name
Gustav Fierdaus
Consultant contact
+62 21 2958 8865
Job Reference

Diversity & Inclusion at Michael Page

We don't just accept difference - we celebrate it. We encourage applicants from all backgrounds to apply for this role and are committed to building inclusive, diverse workplaces where everyone can thrive. If you require any support or reasonable adjustments during the recruitment process, please let us know.