Product Pricing

AIA Indonesia; Jakarta Pusat; On-site; IDR 400,000,000 - 700,000,000; Full time

Job summary

AIA Indonesia is seeking a Senior Actuary Pricing Lead to support the Head of Pricing in guiding pricing team members, conducting and reviewing pricing results, and ensuring profitability and risk alignment with company guidelines in Jakarta.

You will collaborate with product development and distribution, develop pricing assumptions and models, and ensure regulatory compliance. Requires 10 years actuarial experience and 6 years pricing, strong English and MS Office skills.

Qualifications

• Bachelor degree in mathematics or actuarial field.
• FSA, FIA, or FSAI qualifications preferred.
• Strong MS Office skills and English communication.
• Excellent analytical and teamwork abilities.
• Ability to manage time and work under pressure.
• Minimum 10 years actuarial experience and 6 years pricing.

Responsibilities

• Lead pricing team to conduct and review pricing results and processes.
• Collaborate with product team on design and profitability.
• Ensure compliance with guidelines and regulatory requirements.
• Develop assumptions, pricing models, and profit testing.
• Improve modeling accuracy and efficiency.

Skills

Analytical

English proficiency

Team player

MS Office

Education

Bachelor's degree in mathematics or actuarial

FSA/FIA/FSAI qualification preferable

Tools

Pricing software

Actuarial software

Job description

Transform insights into action and impact.

At AIA, your skills, perspective and ideas can help us protect customers, balance risk and opportunity, and contribute to our Purpose of helping millions of people live Healthier, Longer, Better Lives. Across our diverse markets, you will take on real-world challenges, collaborate with talented colleagues and bring together data, technical expertise and commercial understanding to strengthen customer solutions and support sustainable growth.

Join us to shape better decisions, grow through new experiences and extend your impact across Asia.

About The Role

To support Head of Pricing in leading pricing team members to conduct and review pricing result and processes in timely manner, work closely with product team in recommending product design and to ensure Company’s risk and profitability are already incorporated and in compliance with company’s guideline.

Roles & Responsibilities

• Work closely with Head of pricing and team member in pricing products or assessing requests from distribution channel or product development team to ensure that the Company’s risk and profitability target are in place, in particular helping to drive distribution channel to enhance profitability on all segments.
• Ensure all deliverables are delivered in timely manner and accurately:
  • Development of new products or changes to existing products, including but not limited to assumption setting, pricing model, profit testing, delivers good quality and accurate of product approval templates and other actuarial support on product development.
  • Continuous effort to improve the accuracy and efficiency of all modeling, projection processes and techniques
  • Assess the business impact of all tasks given and identify limitations, implementation and monitoring issues as they arise
• Responsible for local product filing to OJK
• Be aware of any potential issue and always comply with the rules and requirements, both Group Office and other legal/regulatory/risk management framework

Requirements

• Bachelor degree, preferable with major in mathematics or actuarial area
• Qualification as FSA, FIA or FSAI are preferable
• Good in MS Office
• Good command in English
• Good analytical skill, team worker and self motivated
• Good time management and skills and able to work under pressure
• Minimum 10 years of experience in Actuarial and 6 years in pricing area

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.