Actuarial Services

3 weeks ago


Pretoria, South Africa Isilumko Staffing Full time

**Actuarial Services (Technician) - **_Must have a B Degree in Actuarial Sciences_**

**Department** Product Development & Actuarial Support

**Job Type** Permanent

**Work Level** Skilled

**Salary** Market Related

**Location** Gauteng - Menlyn

**_ 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)

**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



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