Botswana Insurance Company (BIC), a leading short-term insurer, invites suitably qualified professionals to apply for the position of Accounts Payable Officer.
Job Summary
- Type: full-time
- Location: Gaborone
- Category: Finance
- Closing Date: 2026-09-06
Key Responsibilities
- Payments & Cash Management
- Process invoices, supplier and client payments, reinsurance payments, broker commissions, maintaining accurate financial records in line with internal controls and audit requirements.
- Perform reconciliations and ensure compliance with the petty cash policy.
- Upload payment files onto electronic banking platforms and follow up with signing authorities to prevent delays.
- Finance Operations
- Receive, verify, match, batch, code and process supplier invoices ensuring all payable transactions are in line with internal controls and audit requirements.
- Verify vouchers against invoices, confirm proper authorizations and resolve discrepancies.
- Prepare monthly accruals, maintain accounts payable ledgers and credit balances with general ledger, support continuous improvement by contributing to SOPs, efficiency trends and process bottlenecks.
- Relationship Management
- Collaborate with Claims suppliers and internal departments to ensure timely and efficient payment workflow.
- Maintain strong supplier relationships through timely and efficient payment workflow.
- Compliance, Audit & Reporting
- Maintain audit-ready records, accurate filling and supporting documentation for invoices, payments and reconciliations.
- Support internal and external audits by providing requested information, including financial, procurement, internal control and insurance regulatory requirements.
- Assist with month-end close, accrual preparation, expense report submission and tax processing.
Requirements
- Qualifications & Experience
- Degree in Accounting, Finance, Business, or related field.
- The ideal candidate must be a BICA registered Member.
- At least 3 years’ experience in a similar role.
- Proficiency in Microsoft Excel and Word.
- Skills & Competencies
- Strong numerical, analytical, and problem-solving skills, with a high attention to detail.
- Proficiency in accounting systems, claims processes or insurance accounting is an advantage.
- Knowledge of IFRS 17, insurance operations, claims processes or insurance accounting is advantageous.
- Strong management and collaboration skills.
- Ability to work under pressure, proactivity and customer focus.
Salary
Not specified
How to Apply
If you are qualified and seeking an exciting challenge, please apply via careers.bic.co.bw using your national detailed curriculum vitae and certified copies of certificates. Closing Date for Applications is 6th of September 2026. We regret to inform you that we will only enter correspondence with shortlisted candidates.
Original Advert
Source document for this listing, published by Jobs Botswana.
About the Company
Botswana Insurance Company (BIC) stands as a prominent provider of insurance products and financial services within Botswana. With a rich history spanning over 45 years, BIC has consistently demonstrated leadership in the nation's insurance market. The company caters to a diverse clientele, offering comprehensive solutions designed to protect assets and foster financial well-being. As a key player in Botswana's economic landscape, BIC is committed to serving the needs of individuals and businesses across the country.
Botswana's leader in insurance and financial services.
Website: https://www.bic.co.bw/
Frequently Asked Questions
What qualifications or certifications are typically required for an Accounts Payable Officer role in Botswana?
A minimum of a National Diploma or Bachelor’s degree in Accounting, Finance, or a related field is commonly required. Professional certifications such as ACCA, CIMA, or the Botswana Accountancy Association (BAA) accreditation are highly valued and often preferred by employers like BIC. Relevant short courses in SAP, QuickBooks, or local tax compliance (e.g., BURS VAT regulations) also strengthen applications.
What does a typical day look like for an Accounts Payable Officer at an insurance company in Botswana?
Daily tasks include processing supplier invoices, reconciling accounts, preparing payments via electronic banking (e.g., Bank Gaborone or Standard Chartered Botswana systems), and ensuring compliance with Botswana Revenue Service (BURS) requirements. You’ll liaise with internal departments and external vendors, maintain accurate records in line with Botswana’s Financial Reporting Standards (BRFS), and support month-end closing activities.
How does the work culture and expectations for finance roles differ in Botswana compared to other countries?
Botswana workplaces generally value respect for hierarchy, punctuality, and formal communication—especially in established institutions like BIC. Team collaboration is important, but decision-making often flows through designated supervisors, and adherence to local statutory deadlines (e.g., BURS submissions, pension fund contributions) is non-negotiable. Understanding local business etiquette—such as appropriate greetings and meeting protocols—is also expected.
What career progression opportunities exist for an Accounts Payable Officer in Botswana’s finance sector?
With experience and further certification, you can progress to Senior Accounts Payable Officer, Accounts Supervisor, or Finance Analyst roles within insurance or broader financial services. Many professionals transition into broader finance functions such as General Ledger, Internal Audit, or Treasury—particularly with ACCA/CIMA qualifications recognised by Botswana’s regulatory bodies like the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
What benefits are typically offered to Accounts Payable Officers in Botswana, especially at companies like BIC?
Standard benefits include 22–30 days annual leave, medical aid coverage (often through providers like Medshield Botswana or BONF), and mandatory membership in the Botswana National Pension Fund (BNPF). Some employers offer additional perks such as staff insurance, study leave support for professional exams, and performance-based bonuses aligned with company policy and collective bargaining agreements where applicable.
How should I apply for this role, and what do employers in Botswana specifically look for in candidates?
Applications are usually submitted via email or online portals with a tailored CV highlighting Botswana-specific experience (e.g., BURS compliance, local banking systems) and references from previous Botswana employers. Employers prioritise accuracy, integrity, knowledge of local tax and payroll legislation, and evidence of handling high-volume transactions—so be prepared to discuss real examples during interviews, including how you’ve resolved payment discrepancies under local regulatory frameworks.