Specialist: Actuarial Services (Technician) - Menlyn Park at Assupol

Duties & Responsibilities:

Maintain optimal system accuracy and performance from a values and functionality  perspective

• Assist with implementation and test automation of system programs for correctness on the administration system
• Assist with automation and integration of other Assupol Group divisions on the administration system
• Provide accurate and easily accessible information for optimal client servicing (TCF)

Contribute to product development

• Research of new market developments.
• Compare pricing & design of products with competitors
• Test quotation packages for new products (and product reviews)
• Assist in the development of application forms, sales aids, premium calculators, marketing material and other product material used by Sales (in compliance with legislation and ASISA Codes)

Maintenance of reinsurance treaties

• Provide data and information to reinsurers for special projects
• Compile and submit reinsurance data and premiums to reinsurers on a monthly basis

Provide professional input & support to the Group (amendments & general advice)

• Answer client queries of a technical nature that was escalated to Actuarial Support
• Attend to ombudsman queries of a technical nature
• Validate amendments to policies where actuarial support is required
• Assist with values and product related queries from other Assupol departments (letters to be written, values queries and tax directive management)

Updating of financial transactions

• Implementation of investment portfolio returns on the administration system

Monitoring of in-force business

• Analyse in-force data
• Perform analysis on lapse and mortality/morbidity experience

Administration of the Carefree Life Retirement Annuity Fund

• Produce annual RA certificates for mailing to clients
• Assist with compilation of the report for the quarterly Carefree Life Retirement Annuity Fund Trustee Meeting 

Requirements

Formal Education

• B Degree Actuarial Sciences