Head of Pricing (Actuary)

Outsized; Indonesia; On-site; IDR 120,000,000 - 150,000,000; Full time

Job summary

A leading insurer in Indonesia is looking for a Head of Pricing to manage the actuarial function. This senior role involves leading a 9-member team, driving pricing strategy, and ensuring compliance with profitability and risk requirements. The ideal candidate should have extensive actuarial experience, strong leadership skills, and expertise in unit-linked, traditional, and healthcare products.

Qualifications

• 12+ years of actuarial experience, with 5+ years in pricing.
• Certified actuary (FSAI preferred; FSA/FIA acceptable).

Responsibilities

• Lead and supervise the actuarial pricing team across various products.
• Collaborate with CFO and Chief Actuary to ensure pricing aligns with targets.

Skills

Leadership

Stakeholder Engagement

Communication

Education

Bachelor’s or Master’s degree in Actuarial Science

Tools

MS Office

Actuarial Software

Job description

Project Overview

Our client is a leading Insurer who are seeking a Head of Pricing to lead its product actuarial function in Indonesia. This is a senior-level role responsible for driving pricing strategy across all product lines, ensuring compliance with group profitability and risk requirements, and collaborating cross-functionally to support product development and approval.

The ideal candidate will bring deep actuarial pricing expertise across unit-linked, traditional, and healthcare products, preferably within large multinational insurers. This role also provides leadership to a 9-member team, with 2 AVP-level direct reports, and requires strong stakeholder management across local and group-level functions.

What You Will Be Doing

• Lead and supervise the actuarial pricing team across unit-linked, traditional, and corporate solutions products and distribution channels
• Collaborate with CFO, Chief Actuary, and Group stakeholders to ensure pricing aligns with risk appetite and profitability targets
• Oversee the full product development cycle including assumption setting, profit testing, and submission of product approval templates
• Work closely with Group Product Actuarial, RCE Office, and the local CEO, CFO, and CMO on product strategy, reviews, and filings
• Ensure adherence to internal product approval processes and timely submissions to regulators (OJK)
• Drive and support the reinsurance strategy, maintain reinsurer relationships, and manage reinsurance cost-effectiveness
• Ensure timely and accurate delivery of actuarial input for business and regulatory reporting

Your Background

Must Have:

• 12+ years of actuarial experience, with 5+ years in pricing
• Strong leadership skills with prior experience leading actuarial teams
• Certified actuary (FSAI preferred; FSA/FIA acceptable)
• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, or related field
• Fluent in English; excellent communication and stakeholder engagement skills
• Deep expertise in pricing unit-linked, traditional, and healthcare products
• Strong proficiency in MS Office and actuarial software/tools