Specialist: Actuarial Services (Technician)

Duties & Responsibilities:

Ensure and maintain optimal system accuracy and performance from a values and functionality perspective

• Implementation and test automation of system programs for correctness
• Assist with automation/ integration of other Group divisions on admin system
• Provide accurate and easily accessible information

Contribute to product development

• Research new market developments.
• Pricing & design of product comparisons
• 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 monthly

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

• Answer technical client queries 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 departments (letters to be written, values queries, and tax directive management)

Updating of financial transactions

• Completion of investment portfolio returns on 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 reports for the quarterly Carefree Life Retirement Annuity Fund Trustee Meeting

Formal Education:

B Degree Actuarial Sciences