Actuarial Services (Technician)

Actuarial Services (Technician)

Isilumko Staffing | Pretoria, GT, ZA

Posted 16 days ago

Apply Now


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)
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