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Specialist Centurion, Gauteng, South Africa - Centurion

Road Accident Fund

Reference: 42516818 Road Accident Fund Key Performance Areas Statistical Modeling and Forecasting Provide statistical modeling advice to the Claims Risk departments. Consult financial literature to ensure use of the latest models or statistical techniques. Monitor business indicators. Ensure the appropriateness of the methodologies and underlying models used as well as the assumptions made in the calculation done for the Claim Risk department. Make use of modelling and forecasting tools to quantify all risk exposures, including operational risk. Policy Review and Implementation Contribute to the development and implementation of departmental policy, procedures and processes. Keep up to date with effective policy and practice execution strategies. Reporting Prepare and submit regulation reports as and when required to provide progress updates and/or inform management decisions. Develop reports/ policies/ procedures and guide the process through the alignment of the documents to the overall RAF's Strategy. Develop functional reporting systems, for management, projects or performance reporting. Prepare proposals, briefings, presentations, reports, and other documentation and provide management information both verbally and in report format. Stakeholder Management Facilitate and manage communication with relevant internal and external stakeholders in relation to investments and proactively and progressively manage the relationships. Manage relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on Time. Communicate with all levels of stakeholder contact. Liaise with attorneys appointed to handle complex matters. Qualifications and Experience Bachelor's Degree/Advanced Diploma in a Statistics related qualification. Relevant 5-7 years' experience in a Statistical Modelling related environment. Technical and Behavioral Competencies Required Resilience. Network and alliance. Employee engagement. Ethics and values. Change management. Critical and innovative thinking Policy conceptualisation and formulation. Risk Management. Stakeholder development and relations. Reporting. Claims management process/ processes and systems (including handling, verification and validation, investigation, assessment/settlement, litigation, legal costs assessment and settlement). Post claim management and settlement. Medical bill reviewing. Medical case management. Complex problem identification, solving and decision making. Customer value proposition. Good financial management skills. Strong Analytical capabilities. Knowledge of Motor Vehicle Accident legislation. PFMA knowledge. Knowledge of budgeting, sales, business development, and strategic planning. 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". Purpose of the Job: Reporting to the Senior Manager: Actuarial Quantification and Claims Risk, the successful incumbent is responsible for the assessment of potential risks to inform claim related decisions or outcomes using statistics, financial theories and forecasting. Apply Now
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