Specialist: Actuarial Services

2 days ago


Menlyn Park, South Africa Assupol Full time

Description

Purpose

To ensure the accuracy and reliability of the products and systems from an actuarial perspective.

Duties & Responsibilities:
**1. Maintain optimal system accuracy and performance from a values and functionality perspective**
- Provide specifications to IT team on programs used to administer business
- Implement and test automation of system programs for correctness and conduct audits on the administration system
- Assist with automation and integration of other Assupol Group divisions on the administration system
- Report to management
- Provide accurate and easily accessible information for optimal client servicing (TCF)

**2. Contribute to product development**
- Contribute to in-house pricing
- Research of new market developments.
- Compare pricing & design of products with competitors
- Test quotation packages for new products (and product reviews)

**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
- Validate profit-share calculation from reinsurers
- Maintain relationship with current and potential future reinsurers

**4. Monitoring of actuarial valuation data**
- Monitor the correctness of actuarial valuation data
- Assist IT in the preparation of systems that generate actuarial valuation data
- Assist with implementation of Valuation Report recommendation

**5. 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 and audit 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)

**6. Updating of financial transactions**
- Implementation of investment portfolio returns on the administration system
- Perform calculations of the assets held against unit accounts for rebalancing

**7. Monitoring of in-force business**
- Monitor and analyse in-force data
- Perform experience analysis to confirm lapse assumptions and mortality/morbidity assumptions

**8. Administration of Assupol Retail Retirement Funds**
- Produce annual RA certificates for mailing to clients
- Validate the correctness and submission of tax directives to SARS on claims
- Compilation and submission of documents and monitoring of Section 14 transfers
- Submission of SARS, SARB and other regulatory reports
- Compilation of the report for the quarterly Assupol Retail Retirement FundsTrustee Meeting

**Requirements**:
**Formal Education**

B Degree Actuarial Sciences

Progress with Actuarial Exams

**Experience**

2 - 3 years’ experience in long term insurance

Work Level

Skilled

Job Type

Permanent

Salary

Market Related

EE Position

No

Location

Menlyn



  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    Purpose To ensure the accuracy and reliability of the products and systems from an actuarial perspective. Duties & Responsibilities: **1. Maintain optimal system accuracy and performance from a values and functionality perspective** - Provide specifications to IT team on programs used to administer business - Implement and test automation of system...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    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...


  • Menlyn Park, South Africa Assupol Full time

    Description 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...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    PURPOSE STATEMENT To ensure the accuracy and reliability of the products and systems from an actuarial perspective. MAIN OUTPUTS AND RESPONSIBILITIES FOR THIS POSITION - (Please provide a short description under each heading/output) 1. Preparations and validations of the Actuarial data - Check the completeness of data. - Preparation and creation of model...


  • Kempton Park, South Africa Mass Staffing Projects Full time

    An exciting opportunity exists at a large insurer in Johannesburg. They are looking for an Actuarial Specialist to join their young, dynamic team. **Experience and Qualifications required**: - 3-5 Years related experience. - ST/LT experience - Strong reserving skills

  • Actuarial Analyst

    1 week ago


    Menlo Park, South Africa Financial Services Board Full time

    **ACTUARIAL SERVICES DEPARTMENT** **Ref No: FSCA 330** **Purpose of the Job**: To provide actuarial support in analysing returns submitted in terms of the Pension Funds Act, 1956. **Requirements**: The incumbent must hold a Bachelor’s Degree in Actuarial Science, currently pursuing studies and development and/or data analysis would be an...

  • Actuarial Specialist

    7 months ago


    Kempton Park, South Africa Mass Staffing Projects Full time

    **Job Information** - Location- Kempton Park- Salary- (R1mil - R800K) per annum- Job Type- Permanent- Education- AMASSA / Fellow- Experience- 2+ Years Experience- Reference- RAA-AP- - finance.jobs(at)staffingprojects.co.za- Fax- 0865728847An exciting opportunity exists at a large insurer in Johannesburg. They are looking for an Actuarial Specialist to join...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    Duties & Responsibilities: **Manage and oversee optimal system accuracy and performance from a values and functionality perspective** - Provide guidance to IT team on programs used to administer business - Implement and test automation of system programs for correctness and conduct audits on the administration system - Assist with automation and integration...


  • Menlyn Park, South Africa Assupol Full time

    Description Duties & Responsibilities: **Manage and oversee optimal system accuracy and performance from a values and functionality perspective** - Provide guidance to IT team on programs used to administer business - Implement and test automation of system programs for correctness and conduct audits on the administration system - Assist with automation and...


  • Menlyn Park, South Africa Assupol Full time

    Description Duties & Responsibilities: **Manage and oversee optimal system accuracy and performance from a values and functionality perspective** - Provide guidance to IT team on programs used to administer business - Implement and test automation of system programs for correctness and conduct audits on the administration system - Assist with automation and...

  • Actuarial Specialist

    24 hours ago


    Auckland Park, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job...

  • Chief Actuary

    4 days ago


    Auckland Park, South Africa Absa Bank Limited Full time

    Bring your possibility to life! Define your career with us - With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.Job Summary To...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    1. Conduct research and perform analysis (TCF) - Conduct research into different areas of investment management as identified. - Conduct research into different areas of investment management flowing from the results of the analysis of the investments. - Analysis of fund manager performance against identified benchmarks and the mandate provided to the...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    **Main Outputs and Responsibilities for This Position** **1.Attend to client queries**: **2.Process changes to payment methods; personal and contact details and beneficiaries**: - Validate clients personal information (TCF) - Update changes on the system (changes to debit order; or to PERSAL) (TCF) - Update changes to personal and contact details (TCF) -...


  • Menlyn Park, South Africa Assupol Full time

    Description **Main Outputs and Responsibilities for This Position** **1.Attend to client queries**: **2.Process changes to payment methods; personal and contact details and beneficiaries**: - Validate clients personal information (TCF) - Update changes on the system (changes to debit order; or to PERSAL) (TCF) - Update changes to personal and contact...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    Responsible for the overall strategy for direct business which includes design and oversee and alignment of the growth strategy, efficiency strategy, quality and retention strategy as well as diversification strategy for the direct business ensuring VNB targets are met as set by the board 1. Oversee and align the design and implementation of direct...


  • Menlyn Park, South Africa Pinpoint One Human Resources Full time

    **Location**:Menlyn - To enable the organization to offer a data-as-a-Service offering. - Further the purpose will include the identification of key organisational problem statements, opportunities, user data experience and journey requirements, through data collection, and using a wide range of statistical, machine learning, and applied mathematical...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    Purpose Statement Responsible for leading and executing incident and problem management in IT and driving a 85% success rate on incident resolution against the SLA 1. Configuration Management - Creates and Maintains Policies, processes and standards relating to Asset management and Configuration Management - Drives adoption of policies, procedures and...


  • Menlyn Park, South Africa Assupol Full time

    Description Purpose Statement Responsible for leading and executing incident and problem management in IT and driving a 85% success rate on incident resolution against the SLA - 1. Configuration Management - Creates and Maintains Policies, processes and standards relating to Asset management and Configuration Management - Drives adoption of policies,...


  • Menlyn Park, South Africa Assupol Life Ltd. Full time

    Duties & Responsibilities: **Perform underwriting on individual life policies** - Override QUIRC decision if and when necessary. - Provide underwriting decision to client telephonically (decline, loaded, excluded) - Liaise with re-insurers, medical practitioners and other external parties on underwriting matters - Comply with legislation and ASISA protocols...