The Finance Manager: Scheme Finance is responsible for delivering high-quality financial and performance analysis to support decision-making for medical scheme clients. This role is instrumental in supporting robust financial and statutory reporting.
Key Responsibilities:
1.Financial Reporting and Control

• Review and analyse monthly financial information for accuracy and insights.
• Deliver high quality financial reports and presentations to executives.
• Review all financial transactions prepared by the Scheme Accountant.
• Monthly review of the incurred but not report claims provision.
• Annual review of the liability for incurred claims and risk adjustment.
• Perform variance analysis to forecasts/budgets and provide commentary on contributions, claims, and non-healthcare trends.
• Benchmark performance against industry standards and competitors.
• Ensure control accounts are reconciled monthly and reconciling items do not exceed 60 days.
• Monitor the age analysis for members & suppliers and ensure that debt is maintained within 60 days or less.
• Preparation of annual reports in compliance with IFRS and the medical schemes accounting guide.
• Champion the annual audit process, facilitating interdepartmental audit fieldwork whilst ensuring a smooth and seamless audit that remains within budget.

2.Budgeting, Forecasting and Strategic Planning

• Own the annual budgeting and monthly forecasting processes.
• Collaborate with Business Unit heads to develop strategic plans and deliver actionable insights to support growth, cost efficiency, and performance improvement initiatives.
• Identify business drivers and KPIs to assess financial performance and risks.

3.Cash Flow Management

• Enhance cash flow reporting and analysis to facilitate key investment decisions.
• Research and implement cutting edge payment and collection solutions.
• Ensure availability of liquid funds to meet claims and non-healthcare payments.
• Maximise return on cash resources.

4.Statutory Reporting

• Ensure submission of accurate statutory returns in a timely manner.
• Review monthly indicators highlighting variances for submission to the Council for Medical Schemes.
• Resolve all financial-related queries with the Council for Medical Schemes.

5.Banking

• Ensure compliance with FICA requirements.
• Review banking records, including signatories and ensure that these are valid, complete and up to date.

6.Stakeholder Engagement

• Effective relationship management across multiple internal and external stakeholders.
• Team leadership, staff retention and progression planning.

Required profile for job ad : Finance Manager : Scheme Finance - Windhoek

Qualifications & Experience

• Chartered Accountant (Namibia): CA(NAM).
• 5–7 years of experience in financial and statutory reporting for medical schemes.

Skills and Competencies:

• Advanced Excel, Power BI, and Power Query would be an advantage.
• Strong analytical and problem-solving abilities.
• Excellent attention to detail.
• Effective communication skills for technical and non-technical audiences.
• Ability to manage multiple priorities in a fast-paced environment.
• Leadership and team collaboration capability.