Senior Financial Analyst


NAMFISA is recruiting a Senior Financial Analyst, to be based in Windhoek, Namibia.
  • Assist in the implementation of the Acts under NAMFISA’s jurisdiction in order to ensure financial institutions are financially sound by monitoring the financial performance of regulated institutions
  • Ensure timely and accurate collection of data from institutions regulated under the relevant Acts to ensure effective functioning of these institutions
  • Evaluate and review adherence of industry to current legislation, regulations, procedures and policies
  • Review submission for voluntary and NAMFISA initiated deregistrations and determine the course of action
  • Finalize cancellation notices/letters and determine course of action
  • Responsible for timely and accurate data management (statistical update, data capturing, general administration, financial returns, financial information)
  • Ensure compliance of registered entities with relevant legislation
  • Verify level of non-compliance and make recommendations on proposed expert opinion or enforcement action to Manager
  • Follow up with registered entities to ensure that corrective actions/measures are taken on non-compliance issues, if applicable
  • Draw up the annual on-site inspection plan and recommend to the Manager
  • Conduct on-site inspections in accordance with the Inspection Manual
  • Review and supervise the inspections process
  • Review financial analysis reports prepared by the Financial Analyst for recommendation to the Manager;
  • Communicate off-site analysis findings and recommendations to regulated entities
  • Review industry annual and quarterly reports
  • Formulate and regularly review risk matrix
  • Coordinate and facilitate industry liaison where applicable
  • Actively participate in industry consultations and meetings as requested by regulated entities;
  • Ensure that complaints are duly investigated and the outcome of investigations communicated to Consumer Complaints and Education Department
  • Engage with stakeholders to understand the challenges they face or potential risks resulting from changes in the industry
  • Research international best practice principles on supervision (IOPS, IAIS, OECD, etc.)
  • Conduct research on such challenges/issues and make recommendations for policy review that may lead to amendments to legislation
  • Assist with drafting of amendments to legislation, best practice supervisory framework, and internal departmental policies and procedures
  • Maintain discipline in accordance with NAMFISA’s Personnel Rules and Code of Conduct, and ensure adherence to operational procedures
  • Conduct assessments and categorize registered entities in terms of the Supervisory Ladder of Intervention on a quarterly basis
  • Qualifications and Experience:
  • Bachelor’s degree in Accounting / Economics / Finance
  • Five (5) years’ related experience (actuarial, consulting or administration, compliance management, risk management, auditing)
  • Knowledge of:
  • Knowledge and understanding of NAMFISA’s vision, mission and objectives
  • Knowledge of relevant legislation
  • Industry business knowledge and understanding
  • Up-to-date with industry trends and legislative environment
  • Understanding and interpretation of laws
  • Accounting and auditing practices and principles
  • Financial reports analysis and interpretation
  • Economic environment
  • Analytical tools and methods
  • Risk assessment knowledge and understanding
  • Skills:
  • Regulatory skills
  • Supervisory skills
  • Report writing skills
  • Research and Analytical skills
  • Decision making and problem solving skills
  • Planning and organisational skills
  • Excellent Computer Skills (MS Office)
  • Good verbal and written communication
  • Good interpersonal and conflict handling skills
  • Only shortlisted applicants will be contacted
  • Remuneration: NAMFISA offers a market-related total cost to company package based on work experience and qualifications
  • The package includes retirement and medical aid benefits
  • ONLY persons with disabilities may apply via the National Disability as follows: Ms. M. Katjinamunene – OR Ms. M. Ndengu –
  • As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons living with disabilities will receive preferential treatment and are encouraged to apply
  • Please note that certified copies of qualifications and identification documents should be attached to your application
  • No faxed applications will be accepted
  • NAMFISA reserves the right not to make an appointment in this position
  • We encourage energetic, dynamic and results-driven team players to forward their applications
How to Apply
1. Documentation
  • Cover Letter
  • Curriculum Vitae
  • Certified Copies of Qualifications
  • Certified Copies of Identification Documents
2. Application
  • Send your Documentation to Human Resources at with the Subject line “Senior Financial Analyst”
  • Indicate the source of this job post:
This vacancy is no longer accepting applications


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