Actuarial Intern

Milliman; Jakarta Pusat; On-site; IDR 120,000,000 - 180,000,000; Full time

Benefits offered by this job

Hybrid workplace

Professional development opportunities

Job summary

Milliman is seeking fresh graduates or candidates with less than one year of industry experience to join our life insurance team in Indonesia as an Actuarial Associate. You will support a diverse range of projects across Southeast Asia, including modelling, pricing of new products, and valuation of life insurers.

This role emphasizes ongoing professional development in a stimulating environment with a hybrid workplace and opportunities for growth.

Qualifications

• Graduate of Actuarial Science, Mathematics, or other numerate degree with strong academics.
• Good progress on actuarial exams is a plus.
• Ability to analyse and apply creative problem-solving independently and in a team.
• Excellent communication in English and Bahasa Indonesia; strong time management.
• Proficiency in Excel and VBA; experience with actuarial software is valued.

Responsibilities

• Support development and delivery on projects across Southeast Asia.
• Engage in modelling, pricing of new products, and valuation of life insurers.
• Assist with mergers and acquisitions initiatives.
• Contribute to ongoing professional development in a dynamic environment.

Skills

Analytical thinking

Problem solving

Self-motivation

Communication

Education

Actuarial Science degree

Mathematics or numerate degree

Tools

Excel

VBA

Actuarial software

Job description

Milliman is seeking candidates to join our life insurance team in Indonesia.

Milliman is looking for talented and enthusiastic fresh graduates or candidates with less than a year experience in the industry to join our rapidly expanding life insurance team in Indonesia as an Actuarial Associate.

As a core individual within the team, you will support the development and successful delivery on a diverse range of projects across the South East Asian markets. This is likely to include work in mergers and acquisitions, modelling, pricing of new products, and valuation of life insurance companies, amongst others.

A strong focus will be placed on your ongoing professional development within an exciting and stimulating working environment.

Candidates should have the following skills and attributes:

• Graduate of a program in Actuarial Science, Mathematics, or other numerate degree subject with strong academic record. Good progress on actuarial exams would be a plus.
• Ability to analyse and apply creative problem‑solving skills both independently and within a team.
• Self‑motivated individual with a sense of intellectual curiosity, willingness, and ability to learn new things.
• Excellent communication in both English and Bahasa Indonesia as well as time management skills.
• Proficiency in Excel and VBA and experience with actuarial software would be an extra value.

Only shortlisted candidates will be invited to the interview process.

About Milliman

Milliman is among the world’s largest independent actuarial and consulting firms. We provide support to our clients in the following primary practice areas:

• Life and financial consulting services
• Employee benefits, investment, and compensation consulting services
• Property and casualty consulting services
• Health consulting services

Milliman was founded in 1947 and today has offices in principal cities worldwide, covering markets in North America, Latin America, Europe, Asia and the Pacific, and the Middle East. With more than 400 employees, our Asian presence is palpable with 13 offices located in Singapore, Kuala Lumpur, Jakarta, Hong Kong, Beijing, Shanghai, Taipei, Delhi, Mumbai, Colombo, Seoul, Tokyo and Sydney in life and financial, healthcare, property and casualty, employee benefits consulting practices. For further information, visit milliman.com

Why Join us?

• Competitive salary and benefits package
• Professional development opportunities and support for further education
• Collaborative and inclusive work environment, enabling a hybrid workplace
• Opportunities for career growth and advancement

If you are a passionate and driven individual looking to kick‑start your career in the field of actuarial consulting, we would love to hear from you!