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.
