Appointed Actuary (Insurance Syariah)

An exciting Appointed Actuary (Insurance Syariah) job has just become available at one of the most prominent Insurance company based in Jakarta.

APPOINTED ACTUARY SYARIAH INSURANCE

Salary: Competitive and based on experience
Location: Jakarta, Indonesia

Keywords: actuarial integrity, Syariah compliance, financial soundness, risk-based decision making, collaborative environment, regulatory reporting, long-term solvency, inclusive workplace, supportive leadership

An esteemed financial institution in Jakarta is seeking an Appointed Actuary for its Syariah insurance division, offering you the opportunity to play a pivotal role in shaping the future of Islamic insurance products across Indonesia. This strategic position places you at the heart of actuarial analysis and financial stewardship, ensuring that all products and reserves meet rigorous Syariah standards while supporting sustainable business growth. You will be empowered to maintain independence from commercial influence, allowing for risk-based, ethical decision-making that aligns with both regulatory requirements and communal values. The organisation is committed to fostering a collaborative and inclusive environment where your expertise will be valued and your professional development supported through ongoing training opportunities and knowledge sharing. Flexible working arrangements are available to help you balance your career ambitions with personal commitments, while generous pension contributions ensure your long-term security.

* You will have the chance to lead actuarial strategy for Syariah insurance products, directly influencing product integrity and financial outcomes for a respected market leader.
* The organisation offers flexible working opportunities and generous pension contributions, supporting your wellbeing and future planning as you grow within a supportive team.
* Your work will be recognised at both operational and strategic levels, collaborating with senior leaders and international experts to drive best practices in actuarial control and regulatory compliance.

What you'll do:

As an Appointed Actuary Syariah Insurance based in Jakarta, you will be entrusted with safeguarding the financial health of Islamic insurance products through meticulous actuarial analysis. Your day-to-day responsibilities will involve close collaboration with internal teams such as finance, reporting, and actuarial colleagues both locally and internationally. You will provide critical insights into investment decisions while ensuring all assumptions and structures remain compliant with Syariah principles. By preparing detailed reports for regulatory bodies like OJK and conducting regular scenario testing, you will contribute directly to the company’s long-term solvency. Success in this role requires a commitment to maintaining technical excellence in all aspects of pricing and reserving while actively participating in business planning initiatives that shape the future direction of the organisation’s Syariah portfolio.

* Ensure the integrity of actuarial analysis and uphold the financial soundness of Syariah insurance products and reserves by applying advanced technical methodologies.
* Maintain independence from commercial pressures to support risk-based decision making that is fully aligned with Syariah principles, working closely with the Syariah Supervisory Board (DPS) for approvals.
* Collaborate regularly with the Chief Actuary at ParentCo to align on actuarial-control frameworks, risk-based capital calculations, stress testing scenarios, and solvency assessments.
* Conduct ongoing actuarial analysis to determine premium adequacy and fairness for all Syariah insurance offerings, ensuring compliance with industry standards.
* Calculate technical reserves quarterly and annually in accordance with actuarial standards and OJK guidelines to guarantee long-term solvency.
* Provide expert input into RBC calculations, stress testing exercises, and capital adequacy projections to support robust financial planning.
* Prepare comprehensive actuarial reports required by OJK on an annual basis, including financial condition statements, actuarial opinions, and pricing justifications.
* Execute scenario testing, sensitivity analysis, and pricing adjustments periodically in response to market changes or portfolio shifts.
* Support business planning activities by modelling financial outcomes, contributing to forecasts, scenario testing, and strategic decision making.
* Maintain technical integrity in pricing and reserving processes at all times, free from marketing bias or undue commercial influence.

What you bring:

To excel as an Appointed Actuary Syariah Insurance in Jakarta, you will bring a wealth of experience gained over more than a decade within life or health insurance sectors. Your academic background should include advanced studies in mathematics or statistics alongside formal actuarial qualifications recognised both locally and internationally. You will possess a proven track record of producing high-quality regulatory documentation while demonstrating exceptional analytical skills that allow you to interpret complex data sets accurately. Your interpersonal abilities will enable you to build strong relationships across departments—whether collaborating on technical models or presenting findings to senior management—and your fluency in English ensures seamless communication within multinational teams. A commitment to upholding Syariah principles throughout all aspects of your work will set you apart as a trusted advisor capable of driving positive change within the organisation.

* Minimum undergraduate degree from a recognised university with a major in Actuarial Science, Mathematics or Statistics is essential for this role.
* At least 13 years’ experience working within life or health insurance actuarial functions is required to demonstrate deep sector knowledge.
* Fellowship status with the Society of Actuaries of Indonesia (FSAI), accredited by OJK and The Society of Actuaries of Indonesia is mandatory for regulatory compliance.
* Fellow membership of internationally recognised actuarial bodies such as FIA (UK), FSA (US), or FIAA (Australia) would be highly beneficial for cross-border collaboration.
* Fellowship with the Islamic Insurance Society (FIIS) is considered advantageous for candidates seeking specialist recognition in Syariah insurance.
* Advanced technical skills in life insurance mathematics, reserving techniques, premium calculation methodologies, and risk assessment are necessary for success.
* Exceptional analytical abilities combined with strong interpersonal skills are needed to communicate effectively across teams and present complex findings clearly.
* Proven experience preparing regulatory reports such as financial condition statements or actuarial opinions is vital for meeting external requirements.
* Demonstrated ability to collaborate within diverse teams including actuaries, finance professionals, supervisory boards, and international partners is important for effective operations.
* Excellent command of English language is required for clear communication with superiors, peers, subordinates, and global stakeholders.

What sets this company apart:

This leading financial institution has established itself as a pioneer in delivering Syariah-compliant insurance solutions tailored specifically for the Indonesian market. With a reputation built on trustworthiness and ethical governance, it provides employees with access to world-class resources—including ongoing training opportunities designed to enhance professional growth at every stage of your career. The company fosters an inclusive culture where collaboration is encouraged across all levels; you’ll find yourself supported by knowledgeable colleagues who value teamwork above individual achievement. Flexible working arrangements are offered so you can balance personal commitments without compromising on career progression. Generous pension contributions further underline their commitment to employee wellbeing—ensuring that your future security is prioritised alongside current success. By joining this organisation, you become part of a network dedicated not only to business excellence but also communal responsibility through responsible stewardship of Islamic finance principles.

What's next:

If you are ready to make a meaningful impact on the future of Syariah insurance while advancing your career within a supportive environment—this is your moment!

Apply today by clicking on the link provided below; take the next step towards joining an organisation that values your expertise and supports your professional journey.

Due to the high volume of applications we are experiencing, our team will only be in touch with you if your application is shortlisted.