Botswana Insurance Company (BIC), a leading provider of short-term Insurance, is offering an exciting career opportunity for Finance Manager. We invite ambitious and talented professionals with a passion for the dynamic Insurance industry to apply.
Job Summary
- Employer: Botswana Insurance Company Limited (BIC)
- Job Type: Full-time
- Location: Gaborone, Botswana
- Category: Finance
- Closing Date: 2026-09-30
Key Responsibilities
- Ensure accurate implementation and compliance with IFRS 17 and other applicable accounting standards.
- Coordinate regulatory reporting and submissions within prescribed timelines.
- Maintain strong relationships with regulators, auditors, and tax authorities.
- Ensure compliance with Botswana tax legislation, including corporate tax, withholding tax, PAYE, and VAT where applicable.
- Manage tax planning and statutory tax submissions.
- Develop and implement effective financial controls, policies, and procedures.
- Identify financial risks and recommend mitigation strategies.
- Ensure compliance with Internal governance standards and risk management frameworks.
- Support enterprise risk management initiatives.
- Coordinate internal and external audits
- Implement audit recommendations and corrective actions.
- Maintain audit readiness throughout the year.
- Lead, mentor, and develop finance team members.
- Establish performance goals and conduct regular performance reviews.
- Promote a culture of accountability, Integrity, and continuous improvement.
- Manage the preparation of monthly, quarterly and annual financial statements in accordance with IFRS 17 and local regulatory requirements.
- Ensure timely and accurate financial reporting to management, the Board, regulators, shareholders, and external stakeholders.
- Review and approve journal entries, reconciliations, and accounting transactions.
- Monitor the company’s financial performance and provide insights to support business decisions.
- Oversee month-end and year-end closing processes.
- Lead the annual budgeting and business planning process.
- Prepare financial forecasts and cash flow projections.
- Monitor budget performance and provide variance analysis and recommendations.
- Support strategic initiatives through financial modelling and scenario analysis.
- Manage company cash flow and liquidity requirements.
- Oversee banking relationships and investment portfolios.
- Ensure efficient management of working capital.
- Monitor investment performance in collaboration with the Chief Financial Officer.
- Ensure compliance with Insurance Industry regulations issued by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
- Oversee accounting for premiums, claims, commissions, reinsurance arrangements, and reserves.
Requirements
- Minimum qualification of a Degree in Accounting, Finance, Commerce, or related field.
- The Ideal candidate must be a Chartered Accountant.
- Professional accounting qualification such as, ACCA, CIMA, BICA, ICAEW or Equivalent recognised qualification.
- And a member of a professional accounting body (BICA).
- Minimum 5-Years’ progressive finance experience.
- At least 3-5 years in a management role within the insurance or financial services sector.
- Experience with insurance accounting, reinsurance accounting, IFRS 17, and regulatory reporting.
- Experience dealing with auditors, regulators, and tax authorities.
- Insurance accounting principles
- Financial planning and analysis
- Risk management frameworks
- Advanced Microsoft Excel skills
- Strong financial modelling and analytical capabilities
How to Apply
Apply by email: enquiries@bic.co.bw
Phone: +267 360 0500, +267 76 115 593
Phone: +267 360 0500, +267 76 115 593
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 and certifications are typically required for a Finance Manager role at an insurance company in Botswana?
Most employers require a bachelor's degree in Accounting, Finance, or Commerce, plus professional certification such as ACCA, CIMA, or CA (Botswana). Membership with the Botswana Institute of Chartered Accountants (BICA) is highly valued. Experience in financial reporting, IFRS, and insurance industry operations strengthens your candidacy.
What are the typical day-to-day responsibilities of a Finance Manager in Botswana's insurance sector?
You will oversee financial reporting, budgeting, and forecasting while ensuring compliance with Botswana's regulatory requirements from NBFIRA. Managing month-end and year-end closes, coordinating audits, and providing strategic financial guidance to senior leadership are core duties. You also monitor investment portfolios and cash flow to support policyholder obligations.
How does workplace culture and management style typically operate in Botswana's corporate insurance sector?
Botswana's corporate culture emphasizes respect for hierarchy and collaborative decision-making, with senior management often consulted before major initiatives. Punctuality and professional dress are expected, though relationships and trust-building carry significant weight. Many organizations blend formal structures with Setswana values of botho (respect) and community consultation.
What career progression opportunities exist for Finance Managers in Botswana's insurance and broader financial services industry?
Strong performers typically advance to Financial Director or Chief Financial Officer roles within 5-10 years, sometimes moving to larger regional insurers or multinational firms. Some transition into consulting, regulatory roles at NBFIRA, or executive positions in banking and asset management. Continuous professional development and networking through BICA events accelerate advancement.
What employee benefits are commonly offered to senior finance roles at established companies in Botswana?
Standard packages include medical aid coverage, pension contributions often through the Botswana Public Officers Pension Fund or private schemes, and generous annual leave typically ranging from 20-30 days. Many employers provide group life insurance, funeral cover, and performance bonuses. Some offer vehicle allowances or housing benefits for senior appointments.
How should I apply for a Finance Manager position in Botswana, and what do employers prioritize in candidates?
Submit applications through company career portals, local job boards like CareerPool Botswana, or recruitment agencies such as HRMC and AON. Employers prioritize demonstrated leadership experience, regulatory knowledge specific to insurance, and references from reputable Botswana-based organizations. Tailor your CV to highlight NBFIRA compliance exposure and local market understanding.
