Pricing Actuary - Life Insurance (Manager - AVP level)

Jakarta Permanent
  • Become a part of leading multinational insurance company
  • Multinational and dynamic working culture

About Our Client

Our client is one of the leading life insurance providers with strong presence in the Region.

Job Description

  • Evaluate profitability plus risk of existing and new products and it's features.

  • Develop and analyze pricing procedures for existing and new business.

  • Collaborate with varied functional units to ensure all pricing models are latest.
  • Assist in the development of predictive models to optimise new business and renewal processes

  • Interpret and attain expertise of new pricing metrics.

  • Identify how pricing metrics impact pertinent decisions.

  • Recommend initiatives to enhance profitability on new as well as existing business.

  • Perform with financial area to interpret short plus long term GAAP earnings pricing decisions' implications.

  • Prepare Actuarial memo as well as state filings' exhibits.

  • Ensure to capture recent pricing methodologies as discussed within company or actuarial groups

  • Producing technical specification for Prophet actuarial system enhancements required to enable IFRS 17 compliance

  • Develop Financial Impact Assessment on IFRS 17 implementation

  • Perform testing and parallel run on model and prophet

The Successful Applicant

  • Bachelor Degree in Actuarial, Mathematics, Statistics, Finance or related discipline
  • Experienced in actuarial pricing functions in Life Insurance business
  • Certified by Actuarial Organisation (FSAI)
  • Proficient in Actuarial Valuation Software (AXIS)
  • Familiar with IFRS17 will be a plus
  • Excellent English verbal and written communication skills

What's on Offer

  • Competitive Salary and Benefits
  • Dynamic working environment
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Phone number
+62 21 2958 8861

Job summary

Banking & Financial Services
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Consultant contact
+62 21 2958 8861
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.