Actuarial Pricing Analyst

Allianz Indonesia; Jakarta Pusat; On-site; IDR 180,000,000 - 250,000,000; Full time

Job summary

Allianz Indonesia is seeking a Pricing Actuary Analyst to support product pricing and development. You will work with cross-functional teams to design competitive insurance products and conduct pricing analyses.

The role emphasizes regulatory compliance, stakeholder communication, and preparation of pricing reports for internal and regulatory bodies; fresh graduates with actuarial interest are welcome.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Data Science, or related field.
• Fresh graduate or up to 4 years actuarial/insurance experience.
• Strong understanding of pricing principles and insurance products.
• Excellent analytical and stakeholder management skills.
• Progress toward actuarial qualification (SOA/IFoA) a plus.

Responsibilities

• Collaborate with Market Management and Product Development to finalize product design and specs.
• Perform pricing analysis and profit testing for new insurance products.
• Prepare and present pricing reports to internal stakeholders and regulators.
• Build relationships with Market Management, Distribution, and external partners.
• Participate in cross-functional discussions on design, testing, and implementation.
• Prepare policy contracts and actuarial documentation for internal processes.
• Support development of sales illustration systems.
• Analyze product performance and identify risks.

Skills

Analytical thinking

Problem solving

Stakeholder management

Team collaboration

Communication skills

Leadership potential

Education

Actuarial Science degree

Mathematics degree

Statistics degree

Data Science background

Job description

Job Summary

We are seeking a motivated and detail-oriented Pricing Actuary Analyst to support product pricing and development activities. This role will work closely with cross‑functional teams to design competitive insurance products, conduct pricing analyses, and ensure regulatory compliance.

Key Responsibilities

• Collaborate with Market Management and Product Development teams to finalize product design and specifications in line with client needs and market demand.
• Perform pricing analysis and profit testing for new insurance products.
• Prepare, manage, and present pricing reports to internal stakeholders, regional offices, and regulators to facilitate product review and approval.
• Build and maintain strong relationships with internal stakeholders including Market Management, Distribution teams, and external business partners.
• Participate in cross‑functional discussions on product design, profit testing, and implementation.
• Prepare policy contracts and actuarial documentation to support internal processes and statutory filings.
• Support the development and maintenance of sales illustration systems.
• Analyze product performance and proactively identify and anticipate potential product risks.

Requirements

• Fresh graduate or candidate with up to 4 years of relevant experience in actuarial or insurance functions.
• Degree in Actuarial Science, Mathematics, Statistics, Data Science, or related field.
• Strong technical knowledge of insurance products and pricing principles.
• Good analytical and problem‑solving skills, with the ability to assess and anticipate product risks.
• Effective communication and stakeholder management skills.
• Ability to work collaboratively across teams and manage multiple priorities.
• Basic people management or leadership potential is an advantage.
• Progress toward professional actuarial qualification (e.g., SOA, IFoA, or equivalent) is a plus.
• Basic understanding of Artificial Intelligence (AI) and Machine Learning (ML) concepts and their application in insurance pricing or risk assessment.

We therefore welcome applications regardless of race, ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.