Saturday , June 12 2021

Road Accident Fund Vacancies – Actuarial Manager

Website Road Accident Fund

Job Description:

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.

Job Responsibilities:

  • Review loss of income calculations done by colleagues or other experts and external actuarial service providers.
  • Implement new and state of art calculation techniques and methodologies.
  • Review research on loss of income calculations and reports done by other experts and external actuarial service providers.
  • Provide support to the claims administration team with modeling and establishing forecasts for claims volumes and settlements to monitor and improve operational efficiencies.
  • Research on state of the art modelling and calculation techniques and methodologies.
  • Participate in the review and update underlying calculation assumptions and inputs to ensure relevance and appropriateness.
  • Provide support to the claims administration team with developing reporting matrices and identifying risk management strategies that can be used in managing claims risks.
  • Participate in the development of models to forecast the number of accidents and claims.

Job Requirements:

  • Complex problem identification, solving and decision making.
  • Relevant 4 – 8 years’ experience in an Actuarial environment with experience on a manager/ supervisor level.
  • Strong Microsoft Excel, Access and MS Word skills.
  • At least two (2) years in loss of income damages quantification.
  • Post graduate Diploma/ Honours Degree/ Professional Qualification Degree @ NQF Level 8 will be advantageous.
  • At least 8 professional actuarial exam passes/ exemptions.
  • Excellent verbal and written communication skills.
  • Bachelor’s Degree or Advanced Diploma @ NQF Level 7 related qualification in Actuarial Science/ Mathematics.

Job Details:

Company: Road Accident Fund

Vacancy Type: Full Time

Job Location: Pretoria, ZA

Application Deadline: N/A

Apply Here