Actuary Pricing Leader: Product & Profitability

Allianz Indonesia; Jakarta Pusat; On-site; IDR 300,000,000 - 600,000,000; Full time

Job summary

Allianz Indonesia is seeking an experienced Actuarial professional to drive product pricing, profitability analysis, and lifecycle management for insurance offerings. You will collaborate with Market Management and Product Development to shape features, pricing strategies, and policy wording.

The role requires leadership of a skilled actuarial team, strong stakeholder management, and a track record in life insurance actuarial principles.

Qualifications

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• Minimum 7 years of actuarial experience, preferably within a multinational insurance company.
• Strong experience in product pricing, profit testing, and product development.
• Solid understanding of life insurance products and actuarial principles.
• Proven people management and leadership capabilities.
• Strong analytical skills with the ability to identify and anticipate product risks.
• Excellent stakeholder management and communication skills.
• Familiarity with AI, automation, or data analytics tools is an advantage.
• Proficiency in actuarial and analytical tools such as Excel, R, Python, SQL, Prophet, or similar platforms is preferred.

Responsibilities

• Partner with Market Management and Product Development teams to finalize product designs and specifications.
• Lead pricing and profitability assessment of new insurance products through actuarial modeling and profit testing.
• Prepare, manage, and present pricing reports to stakeholders, regional offices, and regulators to secure reviews and approvals.
• Build and maintain relationships with Market Management, Distribution teams, business partners, and regulators.
• Participate in cross-functional discussions on product development, pricing strategies, policy wording, and actuarial documentation.
• Support regulatory and statutory product filings, ensuring compliance with local regulations and governance standards.
• Oversee development and maintenance of sales illustration systems and actuarial tools.
• Identify, assess, and mitigate product risks throughout the product lifecycle.
• Drive continuous improvement in pricing methodologies, actuarial processes, and product innovation.
• Lead, coach, and develop actuarial team members to strengthen technical capability and business impact.

Skills

Actuarial pricing

Profit testing

Product development

Leadership

Analytics

Stakeholder mgmt

AI tools

Excel

R

Python

SQL

Prophet

Education

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

Tools

Excel

R

Python

SQL

Prophet

Job description

Allianz Indonesia is seeking an experienced Actuarial professional to drive product pricing, profitability analysis, and lifecycle management for insurance offerings. You will collaborate with Market Management and Product Development to shape features, pricing strategies, and policy wording.

The role requires leadership of a skilled actuarial team, strong stakeholder management, and a track record in life insurance actuarial principles.