Senior Manager/Head/Director of Actuary

Jakarta Permanent
  • Fellow Society of Actuaries of Indonesia (FSAI)
  • General or Life Insurance background

About Our Client

This is for various clients from multinational insurance companies until Big 4 consulting firm

Job Description

  • Conduct indications analysis to assess and forecast impacts of product, market, and economic changes on profitability and rate need.
  • Working closely with Underwriters to develop rating models and methods and reviewing the pricing and structure of larger and/or more unusual risks.
  • Collaborate with Accounting and Finance for the implementation of IFRS 17, to forecast premiums and losses, and assessing the expected variability in those forecasts.
  • 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.
  • Respond to inquiries and maintain effective relationships with OJK and all relevant external stakeholders.
  • Maintain the feedback loop and provision of information and analysis between the pricing, reserving and business planning processes.
  • 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.
  • Provide supervision and training to actuarial teams.
  • Perform special projects as requested.

The Successful Applicant

  • Fellow Society of Actuaries of Indonesia (FSAI).
  • In-depth understanding of actuarial technical foundation and general insurance products.
  • Sound understanding of local regulations in General Insurance industry.
  • 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.
  • 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.
  • Ability to clearly explain complex statistics and technical details.
  • Excellent leadership qualities.
  • Software skills including Microsoft Office, additional computer programming knowledge is a plus.
  • Proficient in English and Bahasa - speaking and writing.

What's on Offer

Competitive Salary and Benefits

Gustav Fierdaus
Quote job ref
Phone number
+62 21 2958 8865

Job summary

Banking & Financial Services
Sub Sector
What is your area of specialisation?
Financial Services
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.