The Alexander Forbes Beneficiary Fund is a fund established with the objective of receiving, administering, investing and paying benefits on behalf of minor Beneficiaries.
Job Summary
- Type: contract
- Location: Gaborone
- Category: Accounting, Auditing & Finance
- Closing Date: 2026-07-31
Key Responsibilities
- Integrity and honesty: act at all times in good faith, with transparency, fairness and ethical judgement in the best interests of the Fund and its Beneficiaries.
- Loyalty to Beneficiaries: place the interests of the Fund and its Beneficiaries above personal, employer, service-provider or other external interests.
- Independence and objectivity: acting independently and exercising their powers impartially.
- Prudence and diligence: apply reasonable care, skill and caution when considering investments, administration, governance matters and all decisions affecting the Fund.
- Accountability and responsibility: participate actively in Board and Committee meetings, understand decisions taken and accept responsibility for the proper oversight of the Fund.
- Confidentiality: safeguard confidential Fund, Beneficiary and Board information and use such information only for authorised Fund purposes.
- Competence and continuous learning: maintain sufficient knowledge of the Fund Rules, applicable legislation, governance standards and relevant pension, investment and risk matters.
- Fairness and effective communication: treat Beneficiaries impartially and ensure that appropriate information is communicated clearly regarding their rights, duties and benefits under the Fund.
Requirements
- The candidate should be a Guardian of a Beneficiary in the Fund, BUT NOT an employee or Service Provider of the Alexander Forbes Botswana Group or any of its subsidiaries, nor a Trustee in any of the AlexForbes Sponsored Funds.
- A formal qualification in, Investment Management, Risk Management, Actuarial Science, Law, Banking, Business or equivalent qualifications such as Chartered Accountant, Chartered Finance Analyst or Fellow Risk Manager;
- Certificate or Qualification in Retirement Funds or Insurance will be an added advantage;
- Basic knowledge of the NBFIRA Act, Retirement Funds Act, and any other relevant legislation;
- Sound knowledge of corporate governance.
- A minimum of five (5) years managerial experience in managing pension funds or a background in Human Resource Management or experience as a Board member/trustee.
- Ability to understand strategic issues, accept legal duties, liabilities and responsibilities of a Trustee;
- Be self-confident and able to participate meaningfully and objectively in discussions;
- Will be expected to allocate sufficient time and commitment to fulfil the role; and
- The individual must satisfy the requirements of a “Fit and Proper” individual for approval by the Non- Bank Financial Regulatory Authority (NBFIRA) to be a Trustee.
How to Apply
About the Company
Alexforbes is a leading financial services provider in Botswana, committed to empowering individuals and institutions with expert retirement, investment, and healthcare solutions. Operating from its office in Gaborone, the company offers a comprehensive range of services, including retirement fund administration, actuarial consulting, and investment advisory tailored for the local market. They serve a diverse client base, from large corporate employers and retirement funds to individual members across Botswana. Alexforbes leverages its deep regional expertise and global insights to help Batswana secure their financial futures and achieve well-being. Their local operations are dedicated to delivering impactful, client-centric solutions that meet the unique needs of the country.
Empowering financial well-being and retirement solutions for Botswana.
Frequently Asked Questions
What qualifications and experience are typically required for a Member Trustee role in Botswana?
Candidates usually need a strong background in finance, accounting, law, or business administration, often with relevant certifications in governance or trusts. Practical experience in financial management or oversight roles, demonstrating a grasp of fiduciary duties, is highly valued.
What are the common day-to-day responsibilities of a Member Trustee?
A Member Trustee primarily focuses on oversight, ensuring the trust acts in the best interest of its beneficiaries and adheres to all regulatory requirements. This involves attending board meetings, reviewing financial reports, participating in strategic decision-making, and understanding local financial regulations.
Are there specific cultural expectations or nuances for a Trustee role within Botswana's financial sector?
The role demands high levels of integrity, transparency, and a strong commitment to fiduciary duties, which are deeply respected in Botswana's professional environment. Trustees are expected to act with utmost diligence and impartiality, ensuring compliance with local governance standards.
What are the typical career progression or growth paths for a Member Trustee?
Gaining experience as a Member Trustee can lead to opportunities on larger or more complex trusts, or specialized roles within corporate governance or financial advisory. This role provides a strong foundation for leadership positions in the broader financial services industry within Botswana.
What typical benefits, such as leave, medical aid, or pension, can a Member Trustee expect in Botswana?
Benefits for such professional roles in Botswana typically include competitive annual leave allowances, contributions to a medical aid scheme, and participation in a reputable pension fund. Specific offerings can vary based on the employing organization's policies and the nature of the trust.
When applying for a Trustee role in Botswana, what do employers usually look for beyond standard qualifications?
Employers seek candidates with demonstrable ethics, sound judgment, and a deep understanding of local regulatory compliance frameworks like those enforced by NBFIRA. Strong communication skills, the ability to work collaboratively, and a commitment to continuous learning are also crucial.