Actuarial Senior Analyst - VSSC

Manulife; Jakarta Pusat; Hybrid; IDR 400,000,000 - 800,000,000; Full time

Job summary

Manulife in Jakarta is seeking an experienced actuarial professional to support IFRS17 and local reporting, perform model runs, and ensure timely reporting deliverables. You will work with Pricing and Valuation teams to implement new products and manage model changes in a hybrid setup.

The role requires a minimum 3 years in actuarial work, strong Excel skills, English fluency, and the potential for ongoing actuarial fellowship candidacy. Collaboration with IT and stakeholders is essential.

Qualifications

• Minimum bachelor’s degree, math/statistics/actuarial background is preferable, with minimum 3 years experiences in actuarial field
• In progress to be qualified as fellow of an actuarial organization (e.g. PAI, SOA, IAAust, IA)
• Strong analytical and problem-solving skills
• Advanced Microsoft Excel skills
• Good understanding of actuarial valuation principles and insurance products
• Demonstrate a good communication with other team
• Fluent in English

Responsibilities

• Support the actuarial production process for IFRS17 and local reporting basis.
• Perform model runs, result validation, reconciliations, and production controls to ensure accurate and timely reporting deliverables.
• Investigate model or production issues and support timely resolution of identified findings.
• Support quarterly and annual actuarial reporting deliverables by providing model outputs and analysis.
• Support implementation of new products into the actuarial valuation system and ensure compliance with reporting requirements.
• Perform testing and validation of new product modelling prior to production deployment.
• Work closely with Pricing, and Valuation teams to understand product specifications and modelling requirements.
• Assist in maintaining documentation related to product implementation and model configuration.
• Support the implementation and governance of model changes in accordance with Model Change Management requirements.
• Prepare testing, validation, and impact analysis for model enhancements and assumption changes.
• Maintain model change documentation, evidence, and approval records.
• Participate in model governance activities and support audit and review requests.
• Support User Acceptance Testing (UAT) for valuation system enhancements and process improvements.
• Develop test scenarios, execute test cases, and document testing results.
• Coordinate with IT, system vendors, VSSC, and business stakeholders on defect resolution and implementation activities.
• Support actuarial modelling initiatives including: Reinsurance treaty modelling; IFRS17 basis changes; Regional and Group-driven projects; Valuation system enhancement initiatives.

Skills

Analytical skills

Communication skills

Fluent in English

Education

Bachelor’s degree in math/statistics/actuarial

Actuarial fellowship track (in progress)

Tools

AXIS

Prophet

MG-ALFA

SQL

Power BI

Python

Job description

• Support the actuarial production process for IFRS17 and local reporting basis.
• Perform model runs, result validation, reconciliations, and production controls to ensure accurate and timely reporting deliverables.
• Investigate model or production issues and support timely resolution of identified findings.
• Support quarterly and annual actuarial reporting deliverables by providing model outputs and analysis.

Position Responsibilities

Valuation Production Support

• Support the actuarial production process for IFRS17 and local reporting basis.
• Perform model runs, result validation, reconciliations, and production controls to ensure accurate and timely reporting deliverables.
• Investigate model or production issues and support timely resolution of identified findings.
• Support quarterly and annual actuarial reporting deliverables by providing model outputs and analysis.

New Product Implementation

• Support implementation of new products into the actuarial valuation system and ensure compliance with reporting requirements.
• Perform testing and validation of new product modelling prior to production deployment.
• Work closely with Pricing, and Valuation teams to understand product specifications and modelling requirements.
• Assist in maintaining documentation related to product implementation and model configuration.

Model Change Management (MCM)

• Support the implementation and governance of model changes in accordance with Model Change Management requirements.
• Prepare testing, validation, and impact analysis for model enhancements and assumption changes.
• Maintain model change documentation, evidence, and approval records.
• Participate in model governance activities and support audit and review requests.

System Enhancement & UAT

• Support User Acceptance Testing (UAT) for valuation system enhancements and process improvements.
• Develop test scenarios, execute test cases, and document testing results.
• Coordinate with IT, system vendors, VSSC, and business stakeholders on defect resolution and implementation activities.

Valuation Modelling Projects

• Support actuarial modelling initiatives including:
  • Reinsurance treaty modelling.
  • IFRS17 basis changes.
  • Regional and Group-driven projects.
  • Valuation system enhancement initiatives.

Required Qualifications

• Minimum bachelor’s degree, math/statistics/actuarial background is preferable, with minimum 3 years experiences in actuarial field
• In progress to be qualified as fellow of an actuarial organization (e.g. PAI, SOA, IAAust, IA)
• Strong analytical and problem-solving skills
• Advanced Microsoft Excel skills
• Good understanding of actuarial valuation principles and insurance products
• Demonstrate a good communication with other team
• Fluent in English

Preferred Qualifications

• Experience with actuarial modelling software such as AXIS, Prophet, MG-ALFA, or similar is preferred.
• Experience with SQL, Power BI, Python, or other analytical tools is an advantage.

When You Join Our Team

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife And John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact [e-mail].

Working Arrangement

Hybrid