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ROAD ACCIDENT FUND (RAF) - ACTUARIAL ANALYST
ROAD ACCIDENT FUND (RAF)
The Road Accident Fund's mission is to provide appropriate cover to all road users within the borders of South Africa; to rehabilitate and compensate persons injured as a result of motor vehicle accidents in a timely and caring manner; and to actively promote safe use of our roads
The Organisation requires the services of qualified individuals within its Head Office for the following position:-
THIS IS AN INTERNAL AND EXTERNAL ADVERTISEMENT
ACTUARIAL ANALYST: T.A.S.K GRADE 12
09072021ANA
LOCATION: Centurion
CLOSING DATE & TIME: 8/3/2021 11:55 PM
Purpose of the Job: Reporting to the Manager: Actuarial, the successful incumbent will be responsible to support the Manager to manage and provide actuarial service advice to the RAF business.
Key Performance Areas
Valuation of Outstanding Claims Provisions
- Assist in valuation of outstanding claims provisions.
- Assist with producing the valuation report.
- Assist development and management of Funding Model.
- Data manipulation to state of quotation of loss of earnings or loss of support benefits – especially the model input.
- Assist in accident data capturing, analysis and reporting from different sources.
- Assist in developing models to forecast the number of accidents.
- Assist with calculations and checking the quotation results actuarially for reasonability.
Assist with Monthly Claims Statistics for Regions and Management
- Extract data and data reports from IT claim systems.
- Assist with report compilations as and when required.
- Assist with FSB Actuarial reports.
- Assist management with calculations.
- Assist with investigating the mortality and morbidity experience to help in setting the quotation of loss of earnings and loss of support benefits, statistical and regression analysis.
- Calculate reinsurance recoveries based on treaty terms.
Qualifications and Experience
- Bachelor's Degree or Advanced Diploma @ NQF Level 7 related qualification in Actuarial Science/ Mathematics.
- Relevant 2 - 4 years' experience in an Actuarial environment.
- One (1) year must have been in Short-term or Motor Vehicle Accident.
- Organizational resilience.
- Team Resilience.
- Personal mastery.
- Judgment and decision making.
- Emotional wisdom.
- Ethics and governance.
- Customer orientation and customer focus.
- Excellent verbal and written communication skills.
- Strong Microsoft Excel, Access and MS Word skills.
- Complex problem identification, solving and decision making.
- Sound actuarial judgment.
- Strong technical background in reserving/ valuations.
- Independent and creative analysis of business results.
- Excellent analytical, problem solving and data manipulation skills.
- Integrity.
- Compassion.
- Accountability.
- Respect.
- Excellence.
Remuneration
Total cost to company applicable to this position is minimum R502 953.00 per annum, negotiable.
NB: "RAF offers Total Employment Cost packages with no additional contributions from the Employer, successful candidates are required to structure their packages in a manner that will suit their needs".
Closing date: 03 August 2021
Applications can be forwarded to the Recruitment Officer at Eco Glades; email address is Thembelihle.recruitment@raf.co.za
INSTRUCTION TO PROSPECTIVE APPLICANTS
- Indicate the name and the reference number for the position you are applying for on the subject line
- Do not submit copies of qualifications and ID as these will be requested from shortlisted candidates on the interview date
- Submit a short CV with a maximum of 5 pages
- Please indicate your current salary and salary expectations if considered for the position.
The Road Accident Fund subscribes to the principles of employment equity and preference will be given to People with Disabilities.
- Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful
- Security Vetting shall be conducted on all prospective employees
- It is the applicants' responsibility to have foreign qualification evaluated by the South African Qualification Authority (SAQA) and to provide proof of such evaluation.