South Africa

Specialist: Actuarial Services (Technician)

Company Assupol Life
Reference # SAST
Published 06/02/2020
Contract Type Permanent
Salary Market Related
Location Menlyn, Gauteng, South Africa
To ensure the accuracy and reliability of the products and systems from an actuarial perspective
Job Functions Administration
Industries Insurance
Duties & Responsibilities:
1.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)
2.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)
3.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
4.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)
5.Updating of financial transactions
•Implementation of investment portfolio returns on the administration system
6.Monitoring of in-force business
•Analyse in-force data
•Perform analysis on lapse and mortality/morbidity experience
7.Administration of the Assupol retail pension funds
•Produce annual RA certificates for mailing to clients
•Assist with compilation of the report for the quarterly Fund Trustee Meeting
1. Formal Education:
• B Degree Actuarial Sciences

2. Knowledge:
• Legislation - LTIA
• Code of Conduct of ASSA

3. Skills
• MS Office
• Analytical
• Communication

4. Attributes
• Attention to detail
• Technical
• Work with Diverse range of people
Job Closing Date 17/02/2020
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Last Updated: 30-7-2020 []
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