- 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.
- 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.
Competitive Salary and Benefits
Michael Page