FINANCIAL ANALYST – NAMFISA

The Namibia Financial Institutions Supervisory Authority (NAMFISA) exists to supervise financial institutions and
financial services, and to advise the Minister of Finance on matters relating to financial institutions and financial
services in terms of the NAMFISA Act No. 3 of 2001. NAMFISA is an equal-opportunity employer and invites
competent & suitably qualified candidates to apply for the following position(s):
FINANCIAL ANALYST
DIVISION: INSURANCE & MEDICAL AID FUNDS
THE POSITION REPORTS TO THE SENIOR FINANCIAL ANALYST

JOB PURPOSE:

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. The job further ensures the timely and accurate collection of data from institutions regulated under the relevant Acts to ensure the effective functioning of these institutions as well as to evaluate and review adherence of the industry to current legislation, regulations,  procedures, and policies.

KEY ACCOUNTABILITIES:

• Conduct risk assessments as part of the on-site and off-site inspections;
• Data management (statistical update, data capturing, general administration, financial returns, and financial information);
• Assess documentation for recommendation to the Senior Financial Analyst;
• Prepare consolidated statistical reports on the performance of regulated institutions;
• Enforce compliance by verifying and monitoring whether the business is being conducted in accordance with the relevant legislation;
• Stakeholder engagement including assisting to coordinate and facilitate industry forum liaison, preparation of agenda, presentation of the allocated agenda points, and drafting minutes of meetings where applicable;
• Participate in Consumer Education interventions;
• Maintain the regulatory and supervisory framework by researching on international best practice principles and making recommendations on the course of action.
• Innovation
• Categorization of entities in terms of the Supervisory Ladder of Intervention on a Quarterly basis.

QUALIFICATIONS AND EXPERIENCE:

• Bachelor’s degree in Accounting / Economics / Finance;
• Two (2) years of experience in financial analysis.

KNOWLEDGE OF:

• Knowledge of NAMFISA’s mission, objectives, functions, processes, and systems
• Knowledge of relevant legislation
• Up to date with the industry trends and legislative environment
• Understanding and interpretation of laws
• Industry business knowledge and understanding
• Risk management knowledge and understanding
• Accounting and auditing practices and principles
• Economic environment
• Analytical tools and methods
• Financial Report Analysis and Interpretation

SKILLS:

• Governance, risk management, compliance, and information/knowledge management
• Quality assurance
• Continuous improvement
• Stakeholder engagement
• Research
• Financial analysis
• Financial market analysis
• Legislative, regulatory and supervisory fluency
• Entity oversight
• Supervision of regulated entities
• Risk identification
• Risk assessment planning and execution
• Risk mitigation
• Report writing
• Data analysis and management
• Compliance enforcement
• Fluency in corporate governance requirements
• Assessments and inspections
• Fluency in international standards
• Fluency in statutory returns
• Digital fluency
• Business writing
• Records management

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.