Unit Head of Actuarial System Management

PT Asuransi Jiwa BCA; Jakarta Utara; On-site; IDR 300.000.000 - 400.000.000; Full time

Job summary

A prominent insurance firm in Jakarta Utara is seeking a Unit Head of Actuarial System Management to oversee actuarial projects and software management. The ideal candidate will have at least 6 years of experience in actuarial modelling, preferably with expertise in Prophet. You'll ensure the software's optimal functionality and manage related documentation, all critical for strategic decision-making. Competitive salary and growth opportunities await.

Qualifications

• Minimum of 6 years of working experience in actuarial modelling within the insurance industry.
• Expertise in Prophet is an advantage.
• Knowledge of actuarial cashflow modelling and valuation data management.

Responsibilities

• Manage and monitor activities related to actuarial projects and system management.
• Develop and manage actuarial software and ensure optimal functionality.
• Evaluate and manage documentation for product modelling.

Skills

Actuarial modelling

Prophet software

IFRS17 cashflow

Job description

Unit Head of Actuarial System Management

This role involves managing and monitoring activities related to actuarial projects and system management to ensure the availability of software programs that support the division's and Company's productivity in accurately and timely performing actuarial financial work as the basis for strategic decision-making by the Company.

Responsibilities:

• Developing and managing actuarial software (prophet), include IFRS17 software (IDR toolkit, PDMP), to ensure optimal and updated functionality and utilization to support Company performance.
• Coding and testing model developments and parameterisation of Prophet models (Liability Model, IFRS17 Model and VNB cashflow)
• Analysing results of models for reasonability including details checks for auditability.
• Evaluating and managing documentation activities for product modelling/enhancement models and analyzing the impact of product modelling on reserves, and profits.
• Coordinating the implementation of projects within the actuarial team (i.g IFRS17, IDR, etc) is also part of the role.
• Managing other projects helping to Automate processes using prophet/DCS model as required

Requirements:

• Should have a minimum of 6 years of working experience in actuarial modelling within the insurance industry.
• Prophet expertise is an advantage for this role.
• Working knowledge of actuarial cashflow modelling software, IFRS17 cashflow, and valuation data management software preferable.

Please note that the following questions are not relevant to the job description and have been removed: What's your expected monthly basic salary?, Which of the following types of qualifications do you have?, How many years' experience do you have as a Head of Actuarial?