Senior Financial Analyst – NAMIBIA FINANCIAL INSTITUTIONS SUPERVISORY AUTHORITY (NAMFISA)

PRIMARY PURPOSE OF THE POSITION:

• 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; and
• Evaluate and review adherence of industry to current legislation, regulations, procedures and policies.

KEY ACCOUNTABILITIES:

• 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 andprocedures
• 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

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.

We encourage energetic, dynamic and results-driven team players to forward their applications to:

Vacancies

Human Resources Manager, P. O. Box 21250, Windhoek

OR

Hand deliver to:

Upper Ground Floor, 51 – 55 Werner List Street, Gutenberg Plaza

OR

Email to:

Email: hr@namfisa.com.na

Closing Date: 31 January 2022

– 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