Senior Financial Analyst

Description

• 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
• THE POSITION REPORTS TO THE MANAGER: CAPITAL MARKETS

Duties

• 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

Requisites

• 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

Notes

• 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 – magdelena.katjinamunene@mgepesw.gov.na OR Ms. M. Ndengu – maria.ndengu@mgepesw.gov.na
• 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 hr@namfisa.com.na with the Subject line “Senior Financial Analyst”
• Indicate the source of this job post: working.co.na