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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
 
 
 
The Organisation requires the services of qualified individuals within its Johannesburg Regional Office for the following position: - Senior Officer Legal Cost Validation
 
THIS IS AN INTERNAL AND EXTERNAL ADVERTISEMENT
 
SENIOR OFFICER LEGAL COST VALIDATION T.A.S.K GRADE 12
SOLCV25022022JHB
LOCATION: Johannesburg
CLOSING DATE & TIME: 3/8/2022 11:55 PM
 
Purpose of the Job: is to supervise the assessment and finalization for bill of costs.
 
Key Performance Areas
Efficient and Effective Management of validation of costs
  • Compile schedule for court attendance/block settlement/submission of files by Panel Attorneys
  • Compile schedule for block settlement with Plaintiffs' Attorneys
  • Develop plan for efficient running of team
  • Manage distribution of work to subordinates
  • Booking over of files to legal cost officers
  • Evaluate bill of cost as assessed/offered.
Perform authorization of bills
  • Approve or reject bills in terms of delegation of authority
  • Manage instruction to Panel Attorneys and Cost, Consultants to oppose taxations
  • Re-open files to facilitate payment of legal cost
  • Prepare the source documents authorized to be forwarded to finance for payment
Perform supervisory responsibilities
  • Attend to queries from both internal and external stakeholder
  • Manage stakeholders' relationships
  • Provide guidance in respect of review proceedings
  • Attend court on taxation and review proceedings
  • Provide advice and guidance to Claims sections, Attorney and Cost Consultants
  • Monitor and manage compliance with court tariffs.
  • Manage referrals to Recourse and Recoveries
  • Monitor and manage compliance with RAF tariffs
Collate and compile statistics
  • Keep daily stats of activities on work allocated and work to be assessed
  • Submit daily and monthly stats as required by Management
  • Keep record of statistics
  • Manage team performance
  • Conduct performance analysis of the team
  • Compile and maintain statistics on departmental activities for management reporting
  • Compile monthly reports
Ensure adherence to human resource, financial and administrative policies, and procedure in the department
  • Conclude performance agreement and conduct assessments with direct reports
  • Ensure that all staff in the department have performance agreements and assessments
  • Oversee fairness and consistency in performance assessments
  • Monitor submission of leave forms and implement measures to minimize staff absenteeism
  • Monitor adherence to all administrative and financial policies and take corrective steps in cases of non-compliance
  • Co-ordinate inputs into and prepare the departmental staff training requirements
  • Discipline staff

Perform advisory function
  • Attend to queries from stakeholders pertaining to bills settled and accounts outstanding
  • Provide advice to claims section, attorneys, and costs consultants

Qualifications and Experience
  • B Degree in Law at NQF Level 7 or equivalent
  • Relevant 4 years' experience in the Claims environment of which 1 year must have been on a supervisory level/area of expertise
 
Technical and behavioural competencies required
  • Organisational resilience
  • Team resilience
  • Personal Mastery
  • Judgment and decision making
  • Emotional wisdom
  • Ethics and governance
  • Customer orientation and customer focus
  • Computer literacy
  • Communication (Written, Verbal, Listening)
  • Good business acumen (resource, financial and office administration)
  • Decision making skills
  • Assertiveness
  • Professionalism
  • Negotiation skills
  • Analytical thinking
  • Problem solving skills
  • Interpersonal Relations
  • Good organizational, administrative and time management skills
  • Team player
     
Road Accident Fund Values
  • Integrity,
  • Compassion,
  • Accountability,
  • Respect,
  • Excellence
 
 
Remuneration
The total cost to company of minimum remuneration package applicable to this position is minimum R502 953.00 per annum and will be negotiable commensurate with experience.
 
Closing date: 08 March 2022 (Re-advertisement)
 
NB: "RAF offers Total Employment Cost packages with no additional contributions from the Employer; successful candidates are required to structure their packages in manner that will suit their needs".
 
INSTRUCTIONS 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
 
APPLICATIONS CAN BE FORWARDED FOR ATTENTION OF THE RECRUITMENT OFFICER AT Jhbrecruitment3@raf.co.za OR Hand delivered at 8-10 Junction Avenue, Block A, Parktown, Johannesburg.
 
The Road Accident Fund subscribes to the principles of employment equity and preference will be given to groups who are underrepresented in terms of our Employment Equity Plan
 
Please note that the prospective employees will be subjected to security vetting.
NB: Preference will be given to people living with disabilities
NB:  Applicants who have not received any correspondence from us within six weeks from the closing date can consider themselves unsuccessful.
NB: It is the applicant's responsibility to have foreign qualifications evaluated by the South African Qualifications Authority (SAQA) and to provide proof of such evaluation.
 
 
 



The Organisation requires the services of qualified individuals within its Head Office for the following position:-
 
THIS IS AN INTERNAL AND EXTERNAL ADVERTISEMENT
 
MANAGER: ACTUARIAL CLAIMS ADMINISTRATION: T.A.S.K LEVEL 16
09042021MAC
LOCATION: Centurion
CLOSING DATE & TIME: 3/8/2022 11:55 PM
 
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 R911 075.00 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: 08 March 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.