Head of Actuary

Sunday Ins Co., Ltd.; Daerah Khusus Ibukota Jakarta; On-site; IDR 400,000,000 - 450,000,000; Full time

Job summary

An established industry player is seeking a Head of Actuary to lead regulatory reporting and actuarial contributions. This pivotal role demands a qualified actuary with extensive experience to navigate complex financial landscapes and provide insightful analyses to senior management. You will be responsible for optimizing capital, managing external audits, and ensuring timely reporting while collaborating with finance and actuarial teams. If you thrive in a dynamic environment and possess a meticulous approach to problem-solving, this opportunity offers a chance to significantly impact business performance and profitability.

Qualifications

• Minimum of 12 years' relevant experience in actuarial roles.
• Ability to communicate complex issues to non-experts.

Responsibilities

• Responsible for regulatory reporting including reserves and solvency.
• Lead actuarial contribution to annual business plan and rebase process.

Skills

Regulatory Reporting

Financial Analysis

Actuarial Reporting

Problem Solving

Communication Skills

Education

Bachelor Degree in Actuarial Science

Qualified Actuary

FSAI Certification

Job description

As a Head of Actuary each day, you'll be...

• Be responsible for regulatory reporting including reserves, reinsurance assets and solvency reporting and explanations of movement.
• Work with finance to deliver accurate and timely regulatory reporting.
• Create Business Plan and Actuarial Reporting.
• Lead IFRS reporting including IFRS source of earnings analysis.
• Work with finance and regional actuarial and insurance teams to explain results, particularly on company financial KPIs.
• Deal with external auditors for the audit of financial results.
• Lead the actuarial contribution to the annual business plan and rebase process.
• Propose, justify and defend annual assumption changes.
• Provide management information and analysis to the heads of distribution channels and other senior management with a view to maintaining/improving portfolio profitability and experience.
• Declare annual dividend.
• Optimize capital and free surplus.

Qualifications

• Bachelor Degree in actuarial or equivalent (relevant).
• Qualified actuary with a minimum of 12 years' relevant experience.
• FSAI, or equivalent certifications.
• Meticulous in the production, validation, presentation and communication of results.
• Respectful of deadlines, discipline and process, yet flexible and pragmatic within a growing business.
• Capable of working autonomously or with a team, and of balancing own initiative with advice from others.
• Ability to navigate through complex problems and organizations to achieve results and deliver solutions.
• Ability to communicate complex issues to non-experts.