Chief Actuarial Officer

About Our Client

The company is a respected organisation within the insurance industry, known for its robust presence and innovative approach. It operates at a large scale, offering a wide range of services aimed at meeting its clients' diverse needs.

The Chief Actuarial Officer is responsible for providing strategic actuarial leadership across pricing, reserving, capital management, risk modelling, and product economics. This role ensures that actuarial insights drive profitable growth, sound risk‑taking, and long‑term financial sustainability. The CAO must be highly agile, curious and eager to learn, and strongly business‑minded, able to translate technical analysis into clear commercial actions and guide the company through industry shifts, new regulations, and evolving customer needs.

Other responsibilities:

• Pricing & Portfolio Management
  • Govern pricing methodologies, rate changes, and underwriting actions; chair pricing committees; monitor loss cost trends and social inflation
  • Direct actuarial pricing strategy across product lines to ensure competitiveness and profitability.
  • Embed rapid experimentation, scenario testing, and a continuous improvement mindset into pricing processes.
  • Align pricing decisions with business goals, distribution economics, and customer insights.
• Actuarial Oversight & Governance
  • Oversee all actuarial functions: pricing, valuation, modelling, experience studies, capital, risk adjustment, and forecasting.
  • Lead the development and maintenance of actuarial standards, methodologies, and governance frameworks.
  • Ensure actuarial processes adapt quickly to regulatory changes, market dynamics, and new technologies.
  • Own actuarial best‑estimate liabilities and reserve risk; ensure high‑quality close, documentation, and audit readiness.
• Reserving and Financial Reporting
  • Set policies, risk adjustment, discounting, unit of account; ensure disclosures and internal control over financial reporting.
  • Ensure high‑quality, timely, and accurate actuarial valuation and reserving for financial statements.
  • Lead assumption setting, model governance, and experience monitoring.
  • Support finance in IFRS, local statutory reporting, and stress‑testing scenarios.
• People & Leadership
  • Build a high‑performing team; modernise models, data, and tooling; strengthen model risk management.
  • Foster a learning culture: promote technical mastery, experimentation, and innovation.
  • Mentor future actuarial leaders and strengthen succession planning.
  • Partner closely with the CEO, CFO, Chief Underwriting Officer, and Head of Product to ensure balanced trade‑offs between growth, risk, and capital efficiency.

A successful CAO should have:

• Minimum of 15 years of actuarial experience across pricing, valuation, capital, risk, and product development.
• Proven leadership experience in managing multi‑disciplinary actuarial teams.
• Strong track record of partnering with business leaders and influencing strategic decisions.
• Experience in a dynamic or transforming insurance market (e.g., digital, health, bancassurance, growth markets) is highly desirable.
• Engages confidently with Board, C‑suite, regulators, reinsurers, and auditors.
• Able to influence decisions with compelling data stories.
• Excellent communication in both Bahasa and English.
• Thrives in fast‑moving environments; adjusts quickly to changing market, regulatory, and organizational needs.
• Leads teams through ambiguity and transformation (systems, IFRS changes, new products, digital initiatives).

• Opportunities for professional growth and career advancement.
• A supportive work environment within the insurance industry.
• Comprehensive benefits package.
• Engagement in impactful and strategic projects.

If you are ready to take the next step in your career, we encourage you to apply for this exciting opportunity!