Key Performance Areas<\/p>\n
Manage the Calculation of Models for \u201cLoss of Earning\u201d and \u201cLoss of Support\u201d Benefits for Motor Vehicle Claims<\/p>\n
\tParticipate 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.
\n\tData manipulation to test and calibrate calculation models.
\n\tSetting of calculation assumptions such as mortality rates, interest rates, inflation, contingencies, earnings progression, taxation etc.
\n\tEnsure that the actuarial results are correctly interpreted and applied by internal and external users.<\/p>\n
Research and Development on Loss of Incoe Calculation Methodologies and Models<\/p>\n
\tResearch on state-of-the-art modelling and calculation techniques and methodologies.
\n\tImplement new and state-of-art calculation techniques and methodologies.
\n\tParticipate in the review and update underlying calculation assumptions and inputs to ensure relevance and appropriateness.
\n\tRunning models and reporting on results based on updated models.
\n\tResearch on factors and statistics that are more relevant for accurate determination of loss of income compensation.<\/p>\n
Manage the Provision of Actuarial Expert Advice<\/p>\n
\tAssist with interpretation of legal, medical and other information relevant for calculation of loss of Income compensation.
\n\tReview on loss of Income calculations done by colleagues or other experts and external actuarial service providers.
\n\tReview of research on loss of Income calculations and reports done by other experts and external actuarial service providers.<\/p>\n
Accident Data Management and Forecasting<\/p>\n
\tParticipate in the development of models to forecast the number of accidents and claims.
\n\tManage accident data capturing, analysis and reporting from different sources.<\/p>\n
Policy Review and Implementation<\/p>\n
\tContribute to the development and implementation of departmental policy, procedures and processes.
\n\tKeep up to date with effective policy and practice execution strategies.<\/p>\n
Reporting<\/p>\n
\tExtract data and reports from IT claim system(s).
\n\tProvide results in statistical and graphical form to provide information for monthly, quarterly, half-yearly and annual management reporting.
\n\tDevelop functional reporting systems, for management, projects or performance reporting.<\/p>\n
Actuarial Investigations<\/p>\n
\tProvide investigation support on various aspects of the loss of income calculation inputs including, distributions of income by age group, geographical location, employment sectors, etc.
\n\tInvestigate 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.
\n\tEnsure that the actuarial investigation results are correctly interpreted and applied.<\/p>\n
Stakeholder Management<\/p>\n
\tFacilitate and manage communication with relevant internal and external stakeholders and proactively and progressively manage the relationships.
\n\tManage relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on Time.
\n\tCommunicate with all levels of stakeholder contact.<\/p>\n
People Management<\/p>\n
\tEnsure the sourcing, development and retention of a high-performance team.
\n\tManage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF.
\n\tManage the implementation of human capital processes and procedures to control\/regulate workplace conflict and\/or institute corrective measures and consultation processes to address deviations from standards.<\/p>\n
Qualifications and Experience<\/p>\n
\tBachelor\u2019s Degree\/ Advanced Diploma in Actuarial Science\/ Mathematics related qualification.
\n\tQualified Associate\/ Fellow Actuary of Fellow or Associate member of the Actuarial Society of South Africa (ASSA).
\n\tPostgraduate in Actuarial Science\/ Mathematics related qualification advantageous.<\/p>\n
Experience<\/p>\n
Fellow Member Actuary:<\/p>\n
\tRelevant 6 – 8 years\u2019 experience in Actuarial environment of which:
\n\t2 years must be on a management\/supervisory level,
\n\t1-year post-qualification experience as a member of ASSA.
\n\t1 year experience must be relevant to damages and compensation work obtained in South African in the last 3 years.<\/p>\n
Associate Member Actuary:<\/p>\n
\tRelevant 6 – 8 years\u2019 experience in Actuarial environment of which:
\n\t2 years must be on a management\/supervisory level,.
\n\t3 years post qualification experience as a member of ASSA.
\n\t3 years\u2019 experience must be relevant to damages and compensation work obtained in South African in the last 5 years.<\/p>\n
Apply via company website ( http:\/\/www.raf.co.za ) or<\/p>\n
careers.raf.co.za<\/p>\n
<\/p>\n","protected":false},"author":2,"featured_media":0,"template":"","meta":{"_promoted":"","_job_location":"","_application":"http:\/\/careers.raf.co.za","_company_name":"Road Accident Fund","_company_website":"http:\/\/www.raf.co.za","_company_tagline":"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.","_company_twitter":"","_company_video":"","_filled":0,"_featured":0,"_remote_position":0,"_job_salary":"","_job_salary_currency":"","_job_salary_unit":""},"job_listing_region":[11],"job-types":[18],"class_list":["post-32230","job_listing","type-job_listing","status-expired","hentry","job_listing_region-gauteng","job-type-contract"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings\/32230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-listings"}],"about":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/types\/job_listing"}],"author":[{"embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/users\/2"}],"wp:attachment":[{"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/media?parent=32230"}],"wp:term":[{"taxonomy":"job_listing_region","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job_listing_region?post=32230"},{"taxonomy":"job_listing_type","embeddable":true,"href":"https:\/\/jobs.dataaxisnode.com\/southafrica\/wp-json\/wp\/v2\/job-types?post=32230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}