Vacancy

Senior Financial Analyst

NAMFISA

Namfisa is recruiting a Senior Financial Analyst, to be based in Windhoek, Namibia.
Description
  • Senior Financial Analyst
  • Division: Insurance & Medical Aid Funds
  • The Position Reports to The Manager: Insurance & Medical Aid Funds
  • The purpose of this job is to:
  • 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
Duties
  • Draw up the annual on-site inspection plan and recommend to the Manager
  • Conduct on-site and off-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
  • Ensure integrity and accuracy of data input of statutory and compliance returns
  • Prepare consolidated statistical reports on the performance of regulated institutions
  • Verify and monitor whether registered entities comply with relevant legislation
  • Follow up with registered entities to ensure that corrective action or measures are taken on non-compliance issues, if applicable
  • Coordinate and facilitate industry liaison where applicable
  • Actively participate in industry consultations and meetings as requested by regulated entities
  • 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 (IOSCO, 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
  • Conduct assessments and categorize registered entities in terms of the Supervisory Ladder of Intervention on a quarterly basis
  • Maintain discipline in accordance with NAMFISA’s Personnel
  • Rules and Code of Conduct, and ensure adherence to operational procedures
Requisites
  • Bachelor’s degree in Accounting/Economics/Finance
  • Five (5) years’ financial analysis 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
  • Risk management principles knowledge and understanding
  • Accounting and auditing practices and principles Financial reports analysis and interpretation
  • Economic environment
  • Analytical tools and methods
  • Skills:
  • People management
  • Governance, Risk management, compliance management and information/knowledge management
  • Quality assurance
  • Research
  • Financial analysis and financial market analysis
  • Legislative, regulatory and supervisory fluency
  • Policy development
  • Risk identification, assessment planning and assessment execution
  • Fluency in Companies Law and International standards
Notes
  • Only shortlisted applicants will be contacted
  • Indicate the source of this job post: working.co.na
  • 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
  • As per Affirmative Action (Employment) Act, Act 29 of 1998, Namibian Citizens from disadvantaged groups and persons 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. Only short-listed candidates will be contacted and no documents will be returned. 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 to:
  • Vacancies
  • Human Resources Manager
  • Subject: Senior Financial Analyst, Insurance & Medical Aid Funds
How to Apply
1. Documentation
  • Cover Letter
  • Curriculum Vitae
2. Application
  • Send your Documentation to hr@namfisa.com.na with the Subject line “Senior Financial Analyst”

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