Actuarial Analyst- Exam - Indonesia- Idn

Milliman; Jawa Barat; Remote; IDR 150,000,000 - 270,000,000; Full time

Benefits offered by this job

Remote work flexibility

Health, dental, and vision benefits

Exam fee support for actuarial design

Mentorship and professional growth

401(k) retirement plan with company 2

Job summary

Milliman seeks a talented Actuarial Analyst specializing in pricing for a fully remote opportunity in Indonesia. You will develop and refine pricing models for insurance products, analyze data, assess risks, and contribute to profitability in collaboration with underwriting and finance teams.

The role requires a Bachelor's in Actuarial Science or related field, progress toward SOA/CAS with exams, 2+ years pricing experience, and proficiency in Python, R or VBA.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards actuarial designations with at least 2-3 actuarial exams passed.
• 2+ years of experience in actuarial work, with a focus on pricing or ratemaking.
• Proficiency in actuarial software and programming languages such as Python, R, or VBA.
• Strong analytical, problem-solving, and quantitative skills.
• Excellent communication and teamwork abilities, particularly in a remote setting.

Responsibilities

• Develop, implement, and maintain pricing models for new and existing insurance products.
• Analyze historical data, market trends, and competitor pricing to inform pricing strategies.
• Collaborate with underwriting, product development, and finance teams to ensure pricing accuracy and alignment.
• Perform sensitivity analysis and scenario testing on pricing models to assess potential impacts.
• Prepare detailed reports and presentations to communicate pricing recommendations and rationale to management.
• Ensure compliance with all relevant regulatory requirements and actuarial standards.
• Assist in the development, implementation, and maintenance of actuarial models for pricing, reserving, and forecasting.
• Perform data analysis and conduct statistical modeling to support actuarial studies.
• Contribute to the preparation of regulatory filings and internal reports related to actuarial functions.
• Collaborate with actuaries and senior management on risk assessment and financial planning initiatives.
• Stay abreast of actuarial best practices, industry trends, and relevant regulations.
• Participate in the validation and testing of actuarial models and data integrity checks.

Skills

Analytical skills

Problem solving

Quantitative skills

Communication

Teamwork

Remote collaboration

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related field

Tools

Python

R

VBA

Job description

Our client is seeking a talented and motivated Actuarial Analyst specializing in pricing for a fully remote opportunity. This role is critical in developing and refining pricing models for insurance products, ensuring competitiveness and profitability. You will leverage your analytical skills and actuarial expertise to analyze data, assess risk, and build robust pricing structures that align with market conditions and company objectives. This is an excellent chance for an aspiring actuary to make a significant impact within a forward-thinking insurance company, working from anywhere in Indonesia .

About the Role

Our client is seeking a motivated and analytical Remote Actuarial Analyst to join their team. This position is fully remote, offering the flexibility to work from any location while contributing to crucial financial modeling and risk assessment. You will work on developing and validating pricing models, reserving calculations, and profitability analyses for various insurance products. This role is perfect for an aspiring actuary or an early-career professional looking to gain extensive experience in a dynamic, data-driven environment, collaborating with actuaries and other finance professionals entirely online.

Key Responsibilities

• Develop, implement, and maintain pricing models for new and existing insurance products.
• Analyze historical data, market trends, and competitor pricing to inform pricing strategies.
• Collaborate with underwriting, product development, and finance teams to ensure pricing accuracy and alignment.
• Perform sensitivity analysis and scenario testing on pricing models to assess potential impacts.
• Prepare detailed reports and presentations to communicate pricing recommendations and rationale to management.
• Ensure compliance with all relevant regulatory requirements and actuarial standards.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards actuarial designations (e.g., SOA, CAS) with at least 2-3 actuarial exams passed.
• 2+ years of experience in actuarial work, with a focus on pricing or ratemaking.
• Proficiency in actuarial software and programming languages such as Python, R, or VBA.
• Strong analytical, problem-solving, and quantitative skills.
• Excellent communication and teamwork abilities, particularly in a remote setting.

Benefits

• Highly competitive salary commensurate with experience and exam progress.
• Full remote work flexibility, offering work-life balance.
• Comprehensive health, dental, and vision benefits.
• Support for continuing education and actuarial exam fees.
• A collaborative and intellectually stimulating work environment.

Key Responsibilities

• Assist in the development, implementation, and maintenance of actuarial models for pricing, reserving, and forecasting.
• Perform data analysis and conduct statistical modeling to support actuarial studies.
• Contribute to the preparation of regulatory filings and internal reports related to actuarial functions.
• Collaborate with actuaries and senior management on risk assessment and financial planning initiatives.
• Stay abreast of actuarial best practices, industry trends, and relevant regulations.
• Participate in the validation and testing of actuarial models and data integrity checks.

Requirements

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Progress towards actuarial exams (e.g., passing initial SOA/CAS exams) is highly preferred.
• Strong analytical, quantitative, and problem-solving skills.
• Proficiency in statistical software and programming languages (e.g., R, Python, SQL, SAS).
• Excellent communication and teamwork skills for effective remote collaboration.
• Attention to detail and a commitment to accuracy in all tasks.

Benefits

• Competitive salary and support for actuarial exam progression.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and flexible remote working hours.
• Professional development opportunities and mentorship from experienced actuaries.
• 401(k) retirement plan with company match.