Product Pricing

AIA Shared Services; Jakarta Pusat; On-site; IDR 500,000,000 - 700,000,000; Full time

Job summary

AIA Shared Services is seeking a seasoned Actuary with strong pricing and analytics to lead pricing activities and support product development in Indonesia. You will work with the Head of Pricing to ensure profitability and regulatory alignment across segments.

The role requires extensive actuarial experience, advanced English, and proven ability to drive pricing processes, model development, and filing with OJK. You will be part of a collaborative team shaping healthier financial futures.

Qualifications

• Bachelor degree in mathematics or actuarial area.
• FSA/FIA/FSAI qualifications preferred.
• Strong English proficiency.
• Excellent analytical and teamwork skills.
• Ability to work under pressure and manage time.
• 10+ years actuarial experience and 6+ years pricing.

Responsibilities

• Collaborate with Head of Pricing to price products and review requests from distribution or product teams.
• Develop assumptions, pricing models, profit testing, and product-approval templates.
• Improve accuracy and efficiency of modeling and projection processes.
• Assess business impact and manage implementation/monitoring issues.
• Handle local product filings to OJK and ensure regulatory compliance.

Skills

Analytical skills

English proficiency

Team player

Time management

Ability to work under pressure

Education

Bachelor's degree in mathematics or actuarial area

FSA / FIA / FSAI qualification

Tools

MS Office

Job description

At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone. It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come. If that interests you, read on.

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.

Better starts with people who reimagine what is possible and turn ideas into meaningful action. At AIA, you will contribute in your own way, help shape outcomes that matter and collaborate with colleagues across disciplines, teams, markets and levels. We will support you to broaden your perspective, strengthen your capabilities and grow your impact. Together, we challenge assumptions, learn from one another and find better ways forward. Bring your ambition, experience and ideas to AIA, and help shape what better looks like. View our AIA LinkedIn page Bring your difference to AIA