Senior Financial Analyst

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”