About this role
The CompanyOur client is a leading reinsurance company within Indonesia’s state-owned enterprise ecosystem, operating under the Indonesia Financial Group. They play a critical role in strengthening the national insurance and reinsurance landscape, offering long-term career stability and opportunities for cross-entity mobility within the group. They combine institutional strength with ongoing transformation initiatives to enhance technical capabilities and governance standards.
The RoleThe Head of Actuarial Division is a BOD-1 level leadership role, responsible for overseeing the company’s end-to-end actuarial function, including reserving, pricing, and regulatory compliance. This role is highly strategic, serving as a key advisor to the Board of Directors on actuarial matters, financial risk, and business sustainability. The successful candidate will play a pivotal role in strengthening actuarial governance and supporting data-driven decision-making across the organization. Reporting directly to the Board of Directors, this role will lead and manage a team of approximately 10 actuarial professionals.
Responsibilities1. Actuarial Leadership & StrategyLead the overall actuarial function, ensuring alignment with business strategy and regulatory requirements.Act as a strategic partner to senior leadership on risk, pricing, and capital considerations.Drive continuous improvement in actuarial methodologies and frameworks.2. Reserving & Financial ReportingOversee actuarial reserving processes for both life and/or general reinsurance portfolios.Ensure adequacy and accuracy of reserves in line with regulatory standards and internal policies.Support financial reporting processes, including actuarial inputs for financial statements.3. Pricing & Product SupportProvide actuarial pricing support across reinsurance products.Ensure pricing adequacy and competitiveness while maintaining risk discipline. Collaborate with underwriting and business teams on portfolio optimization.4. Regulatory & Actuarial StudiesLead actuarial studies and ensure compliance with Indonesian regulatory standards, including PSAK frameworks.Liaise with regulators, auditors, and external stakeholders on actuarial matters.5. Governance & Risk ManagementStrengthen actuarial governance, controls, and documentation.Ensure alignment with enterprise risk management frameworks.Provide insights into capital management and solvency.6. Team Leadership & DevelopmentDevelop and mentor actuarial talent within the organization.Foster a high-performance, collaborative, and technically strong team culture.Requirements
MandatoryFSAI (Fellow of Society of Actuaries Indonesia) – requiredMinimum ~3 years of experience at BOD-1 level or equivalent senior leadership roleStrong expertise across:Actuarial reservingPricingRegulatory actuarial studies (PSAK)PreferredExperience in reinsurance or insurance industry.Strong stakeholder management and communication skills.Proven ability to lead teams and influence senior decision-making.Benefits
Strategic impact: Direct influence on company-level decisions and financial sustainability.Leadership visibility: Close engagement with Board of Directors.Institutional platform: Part of a major SOE holding with long-term stability.Transformation opportunity: Chance to shape and elevate actuarial function within a legacy organization.