Syariah Actuary

AIA Shared Services; Jakarta Pusat; On-site; IDR 2,145,923,000 - 3,755,365,000; Full time

Job summary

AIA is seeking a Syariah Actuary to ensure financial soundness and actuarial integrity of Syariah products, a strategic leadership role that supports sustainable growth, regulatory reporting, and solvency.

This role requires 13+ years in life/health actuarial work, membership as a Fellow of recognized actuarial bodies, and strong technical and communication skills in English.

Qualifications

• Undergraduate degree in Actuarial Science, Math or Statistics.
• At least 13 years’ life and health actuarial experience.
• Fellow of the Society of Actuaries of Indonesia (FSAI) and accredited by OJK and SOI.
• Fellow of FIA/FSA/FIAA would be beneficial.
• Strong technical, analytical, problem solving and interpersonal skills; good English; leadership qualities.

Responsibilities

• Ensure actuarial analysis integrity and financial soundness of products and reserves.
• Maintain independence from commercial influence to support Syariah-aligned decisions.
• Collaborate with Chief Actuary for actuarial-control requirements.
• Work with the Syariah Supervisory Board to ensure DPS approval of actuarial assumptions.
• Conduct actuarial analyses to determine premium adequacy and reserve calculations.
• Provide actuarial input into RBC calculations, stress testing and capital projections.
• Prepare actuarial reports required by OJK, including pricing justifications.
• Model financial outcomes for forecasts and scenario testing.
• Maintain pricing and reserving technical integrity, free from bias.

Skills

Leadership

Analytical skills

Interpersonal skills

Effective communicator

English language

Education

Actuarial Science/Math/Statistics degree

Fellow of the Society of Actuaries of Indonesia (FSAI)

Fellow of an internationally recognized actuarial body (FIA/FSA/FIAA)

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

The Syariah Actuary plays a critical role in ensuring the financial soundness and actuarial integrity of the Syariah insurance products.

This is a strategic and operational leadership role that supports sustainable growth, regulatory reporting, and long-term solvency of the business.

Strategic Responsibilities

• Responsible for the integrity of actuarial analysis and financial soundness of the company’s insurance products and reserves
• Maintain independence from Commercial influence to support risk-based, Syariah-aligned decision making
• Collaborate with Chief Actuary in ParentCo for overall Actuarial-Control requirements
• Work with the Syariah Supervisory Board (DPS) to ensure actuarial assumptions and structures are Syariah-compliant and receive DPS approval

Operational Responsibilities

• [Ongoing] Conduct actuarial analysis and determine premium adequacy and fairness for Syariah insurance products
• [Quarterly/Annually] Calculate technical reserves in accordance with actuarial standards and OJK guidelines to ensure solvency
• [Quarterly/Annually] Provide actuarial input into RBC calculations, stress testing, and capital adequacy projections
• [Annually] Prepare actuarial reports required by OJK, including financial condition reports, actuarial opinions, and pricing justifications
• [Periodic] Execute scenario testing, sensitivity analysis, and pricing adjustments in response to market changes or portfolio shifts
• [Quarterly/Annually] Support business planning by modelling financial outcomes, contributing to forecasts and scenario testing
• [Ongoing] Maintain technical integrity in pricing and reserving, free from commercial or marketing bias

Requirements

• Minimum undergraduate degree from a recognized university, major in Actuarial Science or Math or Statistics preferred.
• Minimum 13 years’ experience in life and health insurance actuarial areas.
• Must be Fellow of the Society of Actuaries of Indonesia (FSAI) and accredited by OJK and The Society of Actuaries of Indonesia.
• Fellow member of an internationally recognized actuarial bodies (FIA, FSA or FIAA) and Fellow of Islamic Insurance Society (FIIS) would be beneficial.
• Advanced life insurance and actuarial knowledge, strong technical, analytical, problem solving and interpersonal skills, effective communicator to superiors, peers and subordinate, good command of the English language, demonstrated leadership qualities.

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