Jakarta Selatan, Jakarta Raya, Indonesia
3 days ago
Senior Manager Valuation Actuarial

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

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Job description (heading) /  Description du poste (titre)

(1) Provide financial reports for SLF operation in Indonesia

Including IFRS 17 Valuation, Driver of Earnings, income sensitivities on market events and insurance risks and, additional reports or ad hoc reports required from time to time.The reports must be correct, complete and adhere to all the standards set by SLF Corporate and external bodies.   Plan for Method and Assumption (M&A) changes, which includes timing; evaluation of impact on the financial reports; and explanation of the impact.Ensure all documentation standards are met for the financial reports and for Model Change Management (MCM).

(2) Participating Business Management

Responsible for valuation modelling for Participating productsDetermine monthly asset shares to track the policyholders’ fair share of the Terminal Bonus Par fund.Monitor UDL (Unallocated Dividend Liabilities) fund changes of the Par closed block including to understand the source of experience variance.Lead annual interest study to support dividend recommendation

(3) IFRS 17 Valuation Works and Optimization

Lead the IFRS 17 Valuation works during quarterly closing in order to submit financial reports in agreed timeline for both baseline and sensitivities reports:

Ensure correctness of valuation outputs and fulfilment cash flow movement reasonably explained.Work with other parties to successfully delivered the valuation works, ie. MMC (Model Management Center), RI (Risk Integrity) team, Finance, and IT to address valuation issues.Work with Finance to understand actual experience for Driver of Earnings analysisProvide continuous improvement for IFRS 17 Optimization Process.

(4) Supervise and develop subordinates

Validate all the reports produced by subordinates accurately, reasonable and set-up with proper methodologyEnsure all the reports are submitted timely as agreed schedule and taking account of team resource availabilitySupervise subordinates and giving clear instructions in processing his/her tasksDevelop subordinate by enhance his/her on technical knowledge

(5) Provide support for any additional reports or ad hoc reports required from time to time.

Preferred skills (heading) / Compétences particulières (titre)

Strong knowledge and exposure in Actuarial ValuationKnowledge of IFRS 17 valuation and financial reporting standardsStrong conceptual, analytical and problem-solving skills.Good verbal and written communication skills, both Indonesian and EnglishStrong collaboration, interpersonal and people management skillsCooperative attitude, highly responsible and reliable

Qualifications (heading) / Compétences (titre)

Strong knowledge and exposure in Actuarial ValuationKnowledge of IFRS 17 valuation and financial reporting standardsStrong conceptual, analytical and problem-solving skills.Good verbal and written communication skills, both Indonesian and EnglishStrong collaboration, interpersonal and people management skillsCooperative attitude, highly responsible and reliable

Qualifications (heading) / Compétences (titre)

Bachelor’s degree in a numerate discipline (eg mathematics, actuarial science, statistics, sciences, economics, engineering).Hold Fellow Actuaries Professional degree 5 – 10 years working in Valuation Actuarial positionProficiency with Microsoft Office software and preferable have experience of Actuarial Software/ programming languageBulleted List

Responsibilities (heading) / Responsabilités (titre)

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Job Category:

Actuarial

Posting End Date:

29/04/2025
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