Specialist: Actuarial Services (Technician)
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 perspectiveAssist with implementation and test automation of system programs for correctness on the administration systemAssist with automation and integration of other Assupol Group divisions on the administration systemProvide accurate and easily accessible information for optimal client servicing (TCF)2.Contribute to product developmentResearch of new market developments. Compare pricing & design of products with competitorsTest 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 treatiesProvide data and information to reinsurers for special projectsCompile and submit reinsurance data and premiums to reinsurers on a monthly basis4.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 natureValidate amendments to policies where actuarial support is requiredAssist with values and product related queries from other Assupol departments (letters to be written, values queries and tax directive management)5.Updating of financial transactionsImplementation of investment portfolio returns on the administration system6.Monitoring of in-force businessAnalyse in-force dataPerform analysis on lapse and mortality/morbidity experience7.Administration of the Assupol retail retirement fundsProduce annual tax certificates for mailing to clientsAssist with compilation of the report for the quarterly Assupol Retail Retirement Funds Trustee Meeting
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