About This Role
This actuarial role involves performing technical reserve calculations, developing and repricing insurance products, and conducting experience studies. The position suits a detail-oriented professional with strong analytical skills who can communicate technical findings to various stakeholders.
Responsibilities
- Perform periodic technical reserve (reserving) calculations in accordance with OJK regulations and applicable accounting standards, including PSAK 117
- Develop pricing for new insurance products and conduct repricing of existing products
- Conduct experience studies (mortality, morbidity, lapse, and claims) to support actuarial assumptions
- Build, maintain, and validate actuarial models (valuation, pricing, and projection) to ensure they are accurate and well documented
- Prepare actuarial reports for internal stakeholders, auditors, and regulators, including RBC/solvency reports
- Support product profitability analysis, asset-liability management (ALM), and business planning
- Coordinate with underwriting, claims, finance, product, and IT teams on data needs and product implementation
- Ensure the quality and integrity of data used in actuarial calculations
- Keep up to date with regulatory developments and actuarial practice standards, and provide recommendations on their impact to the company
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field
- Has passed several Society of Actuaries of Indonesia (PAI) exams; ASAI designation is a plus (for senior level: ASAI/FSAI required)
- Minimum 1–3 years of actuarial experience at a life/general insurance company, pension fund, or actuarial consulting firm (fresh graduates are welcome for staff level)
- Understanding of reserve valuation, pricing, and OJK regulations in the insurance industry; knowledge of PSAK 117/IFRS 17 is a plus
- Proficient in Microsoft Excel (including VBA); familiarity with actuarial software (e.g. Prophet, AXIS, MG-ALFA) and programming languages such as Python, R, or SQL is a plus
- Strong analytical and problem-solving skills, meticulous and detail-oriented
- Able to clearly communicate technical findings to non-actuarial stakeholders
- Able to work both independently and in a team, and to perform under tight deadlines
- Good command of English, both spoken and written
About the Company
Predixa Intelligence has been operating since 2021.