Website Road Accident Fund
The Road Accident Fund is a state insurer established by statute, it provides insurance cover to all drivers of motor vehicles in South Africa in respect of liability incurred or damage caused as a result of a traffic collision. Liability incurred in relation to property damage (such as damage to ve… read morehicles, buildings, vehicle contents) is excluded from cover.
Purpose of the Job:
Reporting to the Senior Analyst: Corporate Actuarial, the Analyst: Corporate Actuarial is 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.
Development and management of Funding Model
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.
Running model and reporting on results
Accident data management and forecasting
Assist in accident data capturing, analysis and reporting from different sources.
Assist in developing models to forecast the number of accidents.
Assist in producing the accident forecasting report.
Loss of income calculations
Assisting with calculations and checking the quotation results actuarially for reasonability
Assist with monthly claims statistics for regions and management
Extracting data and data reports from IT claim system(s).
Assist with report compilations as and when required
Ad hoc reinsurance and actuarial work
Monthly statistics for reporting
Assist with report compilations as and when required
Assist with Actuarial reports to FSB
Assist with FSB Actuarial reports.
Assist management with calculations.
Actuarial investigations
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
Reporting
Aid in the maintenance of functional reporting systems, for management, project or performance reporting.
Ensure regular and periodic reports are sent to the Senior Analyst for review and submitted as and when required to provide progress updates and/or inform management decisions.
Maintenance and storage of proposals, briefings, presentations, reports, and other documentation and providing management information both verbally and in report format.
Stakeholder management
Assist Assist with maintaining proactive and progressive relationships with key stakeholders.
Assist with inquiries and requests for information from both internal and external stakeholders.
Effective stakeholder management.
Aid in the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.
Assist with presentation of data findings in an easy-to-read and understood format.
Continuous improvement & innovation
Research industry best practice/innovations and identify where technology can be utilised in systems and processes.
Understand job specific tasks and their requirements.
Share ideas to improve the way of working.
Contribute to creative sessions and offer ideas to the team.
Participate in initiatives to improve service delivery.
Qualifications and Experience
Bachelor’s Degree/Advanced Diploma in Actuarial Science/ Mathematics/ Investment Management/ Risk Management related qualification.
Relevant 4 years’ experience in an Actuarial environment.
Technical, Managerial, and behavioral competencies required
Planning, Organising and Coordinating
Personal Mastery
Judgement and Decision Making
Ethics and Values
Client Service Orientation
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 & data manipulation skills.
go to method of application »
Apply via company website ( http://www.raf.co.za ) or