Financial Manager

CAREER OPPORTUNITY

Santam Namibia is seeking a dynamic and experienced Financial Manager to join our team based in Windhoek, Namibia.

WHAT WILL YOU DO?

The Financial Manager will aid in the financial and statutory reporting function of Santam Namibia, including dealing with technical accounting matters and liaising with Group Finance in terms of various ad-hoc financial reporting requirements. This function encompasses both externally directed financial reporting to shareholders and the Board as well as internally focused reporting with regards to management reports. The objective will be the production of timeous and accurate management reports, statutory financial statements, and reports on the overall financial results for Santam Namibia.

WHAT WILL MAKE YOU SUCCESSFUL IN THIS ROLE?

The candidate will be expected to perform (but not limited to) the following duties:

• Implement the finance strategy to ensure solvency and long-term viability of the organization.
• Manage and report on the overall company financial results, steer budgets, business cases and forecasts.
• Responsible for financial statements, ensure adherence to relevant legislation and interaction with auditors and tax authorities.
• Maintain and improve policies and processes, ensuring best practice solutions are implemented in the Finance & Risk Department where appropriate and when required.
• Act as a Key Individual and identify risks and opportunities with the Risk & Compliance Officer to highlight and manage risks proactively avoiding any adverse impact on the company.
• Oversee and manage personal development, performance management and succession planning of team members and direct reports to ensure optimal and efficient utilisation of people resources, talent management and retention of key resources. 
• Excellent knowledge and understanding of corporate regulations in Namibia. 
• Excellent knowledge and understanding of the IFRS and the application thereof.
• Sound management of the on-going financial controls, information systems, processes, accounting, and reporting function. 
• Effectively manage, guide, and motivate a large finance department and contribute to a positive team spirit to achieve business and strategic objectives.
• Manage cost efficiency and processes. 
• Understanding market profiles (segments) in order to develop best solutions.
• Quarterly financial reporting to the regulator.
• Treasury and working capital management.
• External audit coordination and internal audit overview.
• Monthly financial reporting to management.
• Investment management and strategy.
• Providing commercial support/ input to the Namibian leadership team.

QUALIFICATIONS AND EXPERIENCE

• Qualified Chartered Accountant.
• 2 – 5 years’ experience in the Financial Management role.
• Previous experience working in the Financial Services Industry.
• Previous experience working in the Short-Term Insurance industry will be a distinct advantage.
   

KNOWLEDGE

• Comprehensive and extensive knowledge of IFRS, including insurance accounting.
• IFRS 17.
• Insurance Act, Companies Act.
• Tax knowledge.
• Computer literate (advanced Excel).
• Knowledge of and experience with Hyperion Financial Management would be highly recommended.

COMPETENCIES

• Leadership and management skills.
• Strong analytical and problem-solving skills.
• High level of professional report writing skills
• Attention to detail and strong administration skills in general.
• Strong technical financial and project management skills.
• Be highly motivated and able to meet deadlines.
• Ability to work independently but also enjoy working in a fast-paced, team environment.
• Sound communication, interpersonal and organisational skills.
• A high level of intellectual and emotional capacity.
• A high level of integrity with good decision-making capability.
• Building networks and good relations.
• Self-confidence & assertiveness.
• Strategic thinking.
• Namibian National who understands the business and people culture.
   

WHO WE ARE

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in Namibia and South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia. 

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees. 

At Santam we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.
 

TURNAROUND TIME

The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers.

Closing date: 02 February 2025