Job Opportunities at Road Accident Fund

Key Performance Areas

Acquisition management

• Receive and verify the validity of the application request.
• Compile RFQ documents.
• Issue RFQ to suppliers.
• Manage responses from suppliers.
• Conduct evaluation of RFQ received.
• Maintain the PR in the system.
• Create and issue PO or Handover RFQ document to contract.
• Follow up on Deliveries.
• Compile Bid Adjudication Committee (BAC) submissions for deviations.
• Compile and update the reports templates on the weekly basis. Keep abreast with developments around SCM Legislative Framework/ Prescripts.
• Support the research and negotiation of prices and terms of agreements with suppliers on behalf of RAF.
• Conduct market research to identify potential suppliers who could meet RAF's needs.
• Review or evaluate bids from suppliers to ensure that they conform to specifications and are complete.
• Arrange BEC meetings for evaluation of bids from suppliers for complex RFQs to ensure that they conform to specifications and are complete.
• Communicate with Suppliers/ Service Providers to ensure that orders are processed accurately and on time.
• Implement acquisition management processes.

Reporting

• Assist in the preparation and submission of Regulation reports.
• Contribute to the development of functional reporting systems, for management, project or performance reporting.

Stakeholder management

• Assist with inquiries and requests for information from both internal and external stakeholders.
• Assist customers with requirements timeously and provide alternative solutions to business.
• Provide constant written feedback to customers until the transaction under consideration is completed.
• Contribute to the maintenance of relationships with vendors, service providers or procurement teams and ensure that all relevant procured items are invoiced and paid on time.

Records Management

• Archive all the necessary documents related to individual purchase requisitions on the shared folder and system.

Qualifications

• Bachelor's Degree/ Advanced Diploma in a Supply Chain Management/ Finance related qualification.

Experience

• Relevant 3 years’ experience in an Acquisition Management related environment specifically dealing with quotations.
• Knowledge and understanding of procurement/ supply chain management within SoE’s will be an added advantage.

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Key Performance Areas

Valuation of Outstanding Claims Provision

• Build, develop and assess models for reserving/valuation using appropriate techniques to ensure that the data is accurate, and that model processes are effective, efficient, of high quality, well documented and verifiable.
• Data manipulation to determine reserves.
• Development of an appropriate valuation model/method.
• Setting of valuation assumptions.
• Running the model and producing results.
• Applying sensitivity and scenario testing to the results.
• Producing the valuation report.
• Standardize the actuarial valuation report to Actuarial professional guidance.
• Oversee that the actuarial results are correctly interpreted and reported in the RAF’s quarterly and annual financial statements.
• Manage the whole actuarial valuation process.

Development and Management of Funding Model

• Data manipulation for modelling future projections.
• Development of an appropriate modelling method – deterministic and/or stochastic.
• Set projection or modelling assumptions.
• Running model and reporting on results.
• Producing report on required funding from National Treasury and demonstrating period required by RAF to become solvent.
• Oversee that the actuarial results are correctly interpreted and applied.

Quotation of “Loss of Earnings” and “Loss of Support” Benefits for Motor Vehicle Claims

• Developing model and assumptions for benefit quotations.
• Data manipulation to state of quotation of loss of earnings or loss of support benefits – especially the model input.
• Running model to produce benefit results.
• Check quotation results actuarially for reasonability.
• Produce quotation report.
• Manage the quotation processing.

Modelling of Regulatory Solvency Capital Requirements and Providing Technical Actuarial Information for ESB Reporting

• Use actuarial valuation results to compile the FSB report.
• Run a few model scenarios that are required for statutory reporting.
• Produce reports as appropriate.

Providing Executives with Input to the Strategic Plan

• Apply the Funding Model for financial projections.
• Set of model assumptions to make them suitable for projection purposes.
• Run model for Strategic Plan results.
• Apply scenario and sensitivity testing to model results.
• Produce necessary report on findings and results.
• Responsible for correct interpretation and application of actuarial results.
• Oversee and manage all related process.

Providing Monthly Claims Statistics for Management Reporting

• Extract data and data reports from IT claim system.
• Provide results in statistical and graphical form to provide information for monthly, quarterly, half-yearly and annual management reporting.

Actuarial Investigations

• Investigate mortality and morbidity experience to assist in setting the quotation of loss of earnings and loss of support benefits.
• Assist with expense investigation for the company budgeting purposes.
• Produce appropriate reports for different relevant users of investigation results.
• Oversee that the actuarial investigation results are correctly interpreted and applied.

Manage Actuarial Department Risks

• Assist with reviewing and monitoring risk mitigating tasks or measures.

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 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.

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.
• Represent the Fund in relevant external activities and events.

People Management

• Ensure the sourcing, development and retention of a high-performance team.
• Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF. Manage 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.
• Allocate, direct, motivate and evaluate subordinates to help them achieve their individual goals.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Actuarial Science/ Mathematics related qualification.
• Postgraduate in Actuarial Science/ Mathematics related qualification will be an added advantage.
• At least eight (8) professional actuarial exam passes/ exemptions will be an added advantage.
• Relevant 6 - 8 years’ experience in Actuarial environment of which 2 years must have been on a management/ supervisory level/ area of expertise.

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Key Performance Areas

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.

Preparation and Research on Related Litigation Matters

• Conduct research that will provide information in preparation for all matters for trial.
• Consult with client departments/ representatives, and witnesses for instructions and documentation for cases to be presented in Court.
• Draft pleadings to provide clear motivation/justification on a particular position about the case.

Mediation Process

• All required steps regarding the mediation process, as governed by the amendment to the rules of court, are to be taken.
• Upon conclusion of the mediation, parties shall inform Registrar and all other parties by a notice that Mediation is completed.
• Parties & Mediator must within 5 days of completion of mediation issue a joint minute indicating.

Represent the Road Accident Fund on all third party claims related litigation matters

• Attend court appearances in all allocated third-party litigation matters.
• Ensure file administration from opening to the conclusion of a legal case including adherence to trial dates.
• Handle appearances at courts, tribunals, mediation hearings and inquiries.
• Coordinate administrative legal actions to ensure compliance.
• Approve instructions to appoint and instruct expert witnesses.

Settle non-litigious matters before they are set down for trial

• Block consultation, early assessment of files, and early instructions to experts and assessors.
• Approve requests to appoint and instruct assessors and expert witnesses. 
• Recommend a settlement.

Provision of legal advice to RAF

• Provide legal advice on arising legal matters and contracts.
• Provide well-researched legal advice on matters impacting the organisation.
• Conduct legal research and prepare legal opinions.

Taxation

• Deliver a full range of tax services in compliance with laws and regulations.
• Build relationships and interact with clients to provide consulting and expertise in tax services.
• Provide innovative tax planning and review complex income tax returns

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.

People management

• Ensure the sourcing, development and retention of a high-performance team.
• Manage the recruitment of the operational workforce in line with employment equity targets.
• Manage staff in the department to ensure that they achieve their objectives in line with the strategic objectives of the RAF.
• Manage 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.
• Allocate, direct, motivate and evaluate subordinates to help them achieve their individual goals.

Qualifications

• Bachelor’s Degree in Law or equivalent.
• Postgraduate in Law or equivalent.
• Admission as an Attorney of the High Court or Advocate.
• Right of appearance in the High Court.

Experience

• Relevant 5-7 years legal experience post-graduation or admission of which 2 years must have been in area of expertise (personal injury litigation)

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Key Performance Areas

Plan Audits

• Prepare the notification letter to be sent to the client in accordance with the approved annual audit plan.
• Conduct preliminary survey to gain an understanding of the business processes.
• Prepare the Audit Planning Memorandum for the audit.
• Assist management identifying potential risks.
• Develop processes flows from policies and procedure manuals of business unit.
• Prepare the audit program based on the outcome of the preliminary survey.
• Timely submission of planning documents to Audit Manager for review.
• Conduct introductory meetings with client management (auditee) to discuss the area to be audited, which will inform the outcome of audit objectives.
• Perform risk assessment and identify inappropriate and inadequate controls and recommend improvements in procedures and practices.
• Prepare audit file and cross-reference all working papers to audit evidence in accordance with the Quality Assurance standards.
• Taking inputs from Seniors or Supervisors and appropriately and accurately applying comments and/or feedback.
• Prepare Quality audit file that comply with the IIA standards and Audit department methodology.
• Provide assurance and recommend controls in accordance with the relevant laws and regulations and National Treasury frameworks.

Conduct Audits

• Conduct audits as per the audit program and provide reasonable assurance regarding the following:
• Appraise progressively the soundness, adequacy and application of the internal control systems.
• Ascertain that the system of internal control promotes the efficient and effective use of resources.
• Ascertain that the system of internal control operates to ensure that the assets of the Fund are properly controlled and safeguarded from losses arising from fraud, irregularity or corruption.
• Discuss findings with auditee during the course of the audit to ensure the accuracy of the findings. 
• Submit audit working papers to Senior Auditor within set timelines for review and address review notes.
• Conduct follow-up on the previous audit findings, recommendations and action plans and submit report to senior auditor.

Reporting

• Submit audit findings to Senior Auditor/Supervisor within set timelines.
• Draft audit findings substantiated by valid audit evidence, identify root causes and provide practical recommendations.
• Attend to Audit Manager’s review notes.
• Conduct exit meetings with auditee and prepare minutes of meetings.
• Identifying and reporting on standard criteria, making reference to applicable Acts, regulations and policies that might have been contravened.
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

• Aid in proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.
• 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.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Auditing related qualification.
• Registered with the Institute of Internal Auditors.
• CIA will be an added advantage.
• Relevant 4 years’ experience in an Auditing environment.
• Experience in an auditing/advisory firm with similar size to RAF will be advantageous.

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Key Performance Areas

Plan Audits

• Prepare the notification letter to be sent to the client in accordance with the approved annual audit plan.
• Conduct preliminary survey on the area or processes to be audited.
• Prepare the Audit Planning Memorandum for the audit.
• Prepare process flows and system descriptions.
• Prepare Risk and Controls Matrix and perform and evaluate the adequacy of controls.
• Prepare the audit program based on the outcome of the preliminary survey.
• Timely submission of planning documents to IT Audit Manager for review.
• Conduct introductory meetings with the auditee to discuss the area to be audited.
• Prepare audit file and cross-reference all working papers to audit evidence in accordance with the Quality Assurance standards.
• Taking inputs from Seniors/Supervisors and appropriately and accurately applying comments and/or feedback.
• Prepare Quality audit file that comply with the IIA standards and Audit department methodology.
• Provide assurance and recommend controls in accordance with the relevant laws and regulations and National Treasury frameworks.

Conduct Audits

• Conduct audits as per the audit program and provide reasonable assurance regarding the effectiveness of controls.
• Document working papers using Teammate system and cross-reference all the working papers in accordance with the Quality Assurance standards.
• Download data from the system being audited and perform data analysis using auditing software such as ACL.
• Draft audit findings substantiated by valid audit evidence, identify root causes and provide practical recommendations.
• Discuss findings with auditee during the course of the audit to ensure the accuracy of the findings. 
• Timely submission of draft audit findings to IT Audit Manager.
• Address and respond to IT Audit Manager’s review notes.
• Conduct follow-up on previous audit findings.

Reporting

• Draft audit report with findings and substantiated by valid audit evidence, identify root causes and provide practical recommendations.
• Attend to Audit Manager’s review notes.
• Obtain management comments and action plans.
• Conduct exit meeting with the auditee and prepare minutes of the meeting.
• Identifying and reporting on standard criteria, making reference to applicable Acts, regulations and policies that might have been contravened.
• Aid in the development of functional reporting systems, for management, project or performance reporting.
• Report regularly and periodically perform necessary submissions as and when required to provide progress updates and/or inform management decisions.

Stakeholder Management

• Aid in proactive and progressive relationships with key stakeholders.
• Deal with inquiries and requests for information from both internal and external stakeholders.
• 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.

Qualifications and Experience

• Bachelor’s Degree/ Advanced Diploma in Auditing/ Information Technology/ Computer Sciences/ Commerce related qualification.
• Certifications such as CISA, CGEIT, CRISC or CISM will be an added advantage.
• SAP qualifications or certifications will be an added advantage.
• Certification in Data analytics would be advantageous.
• ISACA or IIA membership would be advantageous.
• Relevant 4 years IT auditing experience including IT General Controls Reviews and Application Controls Review.
• IT auditing experience gained in a Large State-Owned Company and/or auditing or advisory firm with a similar size to RAF will be advantageous.