Division: Claims
Reference No: 4727
Location:
Centurion, Gauteng, ZA
Employment Type: Graduate
Disability (EE targeted role): Yes
T.A.S.K Grade: 09
Job Posting Salary: Stipend
Job Posting End Date: 3 Sep 2024
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 RAF invites suitably qualified graduates to apply for its Graduate Development Programme in the Actuarial Quantification and Claims Risk Department: Actuarial Analysis and Quantification. The programme will run for a period of 18 to 24 months.
The graduates in training will be developed in their roles as part of a formal development programme to ensure that experience is acquired, and sufficient skills are available to the business. They will learn how to apply theory in practice as part of the programme outcomes.
Actuarial Analysis and Quantification
Purpose of the Graduate Development Programme: The Graduate Programme offers development opportunities to young talented, high potential individuals from diverse backgrounds for our future growth. The programme provides opportunity and relevant work experience that aligns with the graduate’s skill set and identified talents.
The programme will provide the graduates with real work experience to explore and expand their raw talent within this key business unit. It focusses on developing and honing technical, business and leadership skills, setting the stage for dynamic growth.
Developmental outcomes and deliverables for the respective programme will include, but not be limited to the below:
- Motor Vehicle Accident Claims Processes and Procedures.
- Actuarial Quantum of Damages in terms of Loss of Income and Loss of Support.
- Professional Actuarial Report Writing.
- Actuarial Data Management and Investigations.
- Actuarial Forecasting Model Development.
- Actuarial Liability Valuations.
- Revenue Forecasting Models.
- Analytical Root Cause Analysis.
Qualifications and Other Requirements:
- A certified copy of your Grade 12 or NQF 4 level certificate.
- A certified copy of your Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Data Science related qualification or academic transcript.
- Applicants in their final year of study must submit their latest semester academic results available at the time of their application.
- Certified copy of your ID.
- Your CV and motivational letter.
Behavioural and Technical Competencies Required:
The successful candidate will be required to display the following competencies in this role:
- Planning, Organising and Coordinating.
- Personal Mastery.
- Judgement and Decision Making.
- Ethics and Values.
- Client Service Orientation.
- Resilience.
- Written and verbal communication skills.
- Attention to detail and analytical skills.
- Basic computer literacy in MS Office.
Role and Duties:
- Complete all Actuarial Analysis and Quantification modules of the development programme within the specified time frame.
- Adhere to organisational policies, standards, and procedures.
- Capture and report information as required.
- Report and communicate ideas and recommendations effectively.
- Foster effective team relationships and provide support to colleagues as needed.
- Build and maintain partnerships and relationships with stakeholders within the business and communities.
- Engage with relevant stakeholders to gain necessary business and community context.
Terms and Conditions:
- Contract of Employment: Fixed term contract appointment for the duration of the graduate programme, with prospects of permanent employment upon successful completion of the programme.
- Date of employment: 01 February 2025.
- Location: RAF Head Office, Centurion.
- Appointment will be subjected to the successful completion of Degree and final academic results to secure admission to the graduate programme.
- Prospective employees will be subjected to security vetting.
INSTRUCTIONS TO PROSPECTIVE APPLICANTS
- Indicate the name and reference number of the Graduate Development Programme you are applying for in the subject line.
- Submit a short CV (three pages maximum) and a motivational letter as to why your application should be considered.
- Please note that applications with no academic transcripts will not be considered.
- Applicants who have been on a Graduate Development Programme before will not be considered.
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.
