Syariah Actuary

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.

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