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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
 

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The Organisation requires the services of qualified individuals within its Head Offices for the following position:-
 
THIS IS AN INTERNAL AND EXTERNAL ADVERTISEMENT
 
MANAGER: ACTUARIAL CLAIMS ADMINISTRATION: T.A.S.K LEVEL 16
ACTUARIAL CLAIMS ADMINISTRATION DEPARTMENT
ADVERT REFERENCE NO: 09042021MAC
 
Purpose of the Job: Reporting to the Senior Manager: Actuarial Claims Administration, the successful incumbent will be responsible to manage the provision of actuarial support and advice to RAF business.
 
Key Performance Areas
Calculation Models for "Loss of Earnings" and "Loss of Support" Benefits for Motor Vehicle Claims
  • Participate in the development and assessment of models for loss of income compensation calculations and reports using appropriate techniques to ensure that the data is accurate, and model processes are effective, efficient, high quality, well documented and verifiable.
  • Ensure that the actuarial results are correctly interpreted and applied by internal and external users.
Research and Development of Loss of Income Calculation Methodologies and Models
  • Research on state-of-the-art modelling and calculation techniques and methodologies.
  • Implement new and state of art calculation techniques and methodologies.
  • Participate in the review and update underlying calculation assumptions and inputs to ensure relevance and appropriateness.
Claims Risk Management
  • Provide support to the claims administration team with developing reporting matrices and identifying risk management strategies that can be used in managing claims risks.
  • Provide support to the claims administration team with modeling and establishing forecasts for claims volumes and settlements to monitor and improve operational efficiencies.
Actuarial Experts Advice to the Internal and External Stakeholders
  • Review loss of income calculations done by colleagues or other experts and external actuarial service providers.
  • Review research on loss of income calculations and reports done by other experts and external actuarial service providers.
Accident Data Management and Forecasting
  • Participate in the development of models to forecast the number of accidents and claims.
  • Manage accident data capturing, analysis and reporting from different sources.
Monthly Claims Statistics for Management Reporting
  • Extract data from IT claim system(s).
  • Provide results in statistical and graphical form to provide credible monthly, quarterly, half-yearly and annual management reporting.
Actuarial Investigations
  • Provide investigation support on various aspects of the loss of income calculation inputs including, distributions of income by age group, geographical location, employment sectors, etc.
  • Investigate the potential impact of various assumptions underlying loss of income calculations such as discount rates, mortality and morbidity rates, contingencies, earnings progression, inflation, taxation, remarriage, inheritance and accelerated benefits, etc.
  • Ensure that the actuarial investigation results are correctly interpreted and applied.
Risk Management
  • Manage actuarial department risks.
  • Identify the types of risks associated with actuarial.
  • Control the risk on an ongoing basis.
Stakeholder Relations Management
  • Develop and maintain ethical relationships with internal and external stakeholders.
  • Forge constructive partnerships and manage relationships on behalf of RAF.
People Management
  • Encourage an open culture for the continuous improvement of a high performance culture.
  • Ensure proper planning and allocation of consistent workload within the unit.
  • Conduct periodic employee’s performance reviews and assessments.
 
Qualifications and Experience
  • Bachelor’s Degree or Advanced Diploma @ NQF Level 7 related qualification in Actuarial Science/ Mathematics.
  • Qualified Associate/ Fellow Actuary of (ASSA/ IFoA/ SoA/ CAS) or any other internationally recognized Actuarial Board.
  • Post graduate Diploma/ Honours Degree/ Professional Qualification Degree @ NQF Level 8 will be advantageous.
  • Relevant 6 - 8 years’ experience in an Actuarial environment with experience on a manager/ supervisor level.
  • At least two (2) years in loss of income damages quantification.
 
Technical and Behavioral competencies required
  • Strategic capability and leadership.
  • Results orientation.
  • Business and financial acumen.
  • Brand and Stakeholder orientation.
  • Organizational resilience.
  • Communication.
  • Team Resilience.
  • Network and Alliances.
  • Talent Management.
  • Change Management.
  • 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.
  • Strong planning and time management of both own and direct team’s work.
  • Strong focus on executing plans and delivering results.
  • Pro-active approach and keen to take ownership of work.
  • Independent and creative in analyzing business results, developing appropriate solutions or alternatives to problems and effectively communicating related issues and results to management.
  • Result oriented and ability to work under pressure.
  • Work well in team-oriented, collaborative environment.
  • Excellent analytical, problem solving and data manipulation skills.
 
 
Remuneration
Total cost to company applicable to this position is minimum R1 028791.00 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: 14 June 2022
 
Applications can be forwarded to the Recruitment Officer at Eco Glades; email address is SboneloN.recruitment@raf.co.za
 
　INSTRUCTION TO PROSPECTIVE APPLICANTS
  1. Indicate the name and the reference number for the position you are applying for on the subject line
  2. Do not submit copies of qualifications and ID as these will be requested from shortlisted candidates on the interview date
  3. Submit a short CV with a maximum of 5 pages
  4. Please indicate your current salary and salary expectations if considered for the position.
 
NB:
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.





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The Organisation requires the services of qualified individual at its Head Office for the following position on a Twelve (12) Month Fixed Term Contract
 
THIS IS AN INTERNAL AND EXTERNAL ADVERTISEMENT
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ADMINISTRATIVE ASSISTANT: ETHICS: T.A.S.K LEVEL 6
18022022AAE
LOCATION: Centurion
CLOSING DATE & TIME: 6/14/2022 11:55 PM
Purpose of the Job: Reporting to the Manager: Ethics, the successful incumbent is responsible for providing administrative and operational support to the Ethics office
 
Key Performance Areas
Records and Document Management
  • Ensure that records of all training conducted are captured and maintain.
  • Update Excel master registers of all training that has been conducted to determine which ones that has taken place.
  • Keep weekly statistics of all training conducted.
  • Maintain the training register for all planned trainings in order to assist with the planning scheduling as well as prioritizing of trainings.
Office Administration
  • Book venues for training of employees.
  • Issue values training invitations to employees.
  • Capture gifts declared in the appropriate Register.
  • Capture approved attendance of service providers’ events in the appropriate Register.
  • Capture Ethics advices given in the appropriate Register.
  • Capture approved remunerative work applications in the appropriate Register.
  • Consolidate all the training feedback and submit to Manager: Ethics for analysis and review.
  • Participate in the planning of Ethics events.
Query Management
  • Attend to queries/ enquiries relating to training records, statistics, registers, etc. from business units.
  • Provide response on the enquiries relating to submissions of declaration of interests and ethics pledge.
 
Qualifications and Experience
  • Matric or Grade 12 @ NQF Level 4 qualification.
  • Relevant 1 year experience in providing an administrative and operational support.
  • Experience in record management will be an added advantage.
 
Technical and Behavioral competencies required
  • Personal mastery.
  • Emotional wisdom.
  • Ethics and governance.
  • Customer orientation and customer focus.
  • Proficiency in MS Office specifically Excel and Outlook.
  • The ability to demonstrate attention to detail and solve problems timeously.
  • High morals and work ethics standards.
  • Sound and accurate judgment and work well under pressure.
  • Good interpersonal and communication skills.
  • Office administration skills.
  • Ability to work independently.
  • Proficiency in English and one other official language.
 
 
Remuneration
Total cost to company applicable to this position is minimum R244 732.00 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: 14 June 2022
 
Applications can be forwarded to the Recruitment Officer at Eco Glades; email address is Patiencem.Recruitment@raf.co.za
 
INSTRUCTION TO PROSPECTIVE APPLICANTS
  1. Indicate the name and the reference number for the position you are applying for on the subject line
  2. Do not submit copies of qualifications and ID as these will be requested from shortlisted candidates on the interview date
  3. Submit a short CV with a maximum of 5 pages
  4. Please indicate your current salary and salary expectations if considered for the position.
NB:
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