View more
5 days ago
WestSure Insurance Botswana is a licensed short-term insurance provider focused on commercial and personal insurance solutions delivered through broker networks and partners, with an emphasis on service excellence and innovation. The company operates under the regulatory oversight of the Non-Bank Financial Institutions Regulatory Authority (NBFIRA).
Tenable in Gaborone, Botswana, reporting directly to the Chief Executive Officer (CEO), and overseeing the Finance Team, including Accounts, Reporting, Compliance, Treasury, and Credit Control.
Role Purpose
The Head of Finance is a senior leadership role responsible for driving financial strategy, ensuring robust financial control, strengthening stewardship of assets, and supporting the company’s long-term growth and profitability objectives. The role incorporates finance operations, strategic financial planning, reporting, risk & compliance, and leadership of the finance function.
Job Summary
- Type: full-time
- Location: Gaborone
- Category: Accounting & Finance
- Closing Date: 2026-05-08
Key Responsibilities
- Develop and implement financial strategies that align with business goals and market conditions.
- Provide forward-looking financial insights and modeling to guide decision-making at executive and board levels.
- Drive budgeting, forecasting, scenario planning, and performance monitoring processes.
- Lead accurate and timely preparation of financial statements in compliance with IFRS, NBFIRA prudential reporting requirements and all other Corporate regulations
- Manage external audits, regulatory submissions, and liaison with statutory bodies (e.g., NBFIRA, BURS).
- Ensure adherence to internal financial policies and controls to safeguard company assets.
- Oversee cash flow planning, investment management, and capital allocation to meet operational needs and optimise returns.
- Identify financial risks (liquidity, credit, market) and implement mitigation frameworks across the business.
- Lead the annual budgeting process with business unit partners, ensuring alignment of financial targets with strategic priorities.
- Monitor cost performance and implement cost-control measures while enabling business growth.
- Direct, mentor, and develop the finance team to build capability, accountability, and performance excellence.
- Foster cross-functional collaboration with operations, underwriting, claims, and IT teams to support integrated financial planning.
- Support the CEO and executive management in presenting financial performance and strategy to the Board of Directors and committees through providing timely monthly and quarterly report.
- Establish strong relationships with key stakeholders including auditors, regulators, brokers, banks, and investors.
Requirements
- Bachelor’s degree in Finance, Accounting, Economics, or related field
- Master’s degree (MBA, MSc Finance, or equivalent) is advantageous.
- Chartered Accountant (CA) / ACCA / CIMA / CPA or equivalent professional qualifications strongly preferred.
- Minimum 8 – 12+ years’ experience in finance leadership roles – ideally within the insurance, financial services, or banking sectors.
- Proven track record in financial planning, reporting, compliance, and strategic leadership at a senior level.
- Hands-on experience with regulatory bodies and financial institutions
- Expert knowledge of financial accounting standards (IFRS), insurance accounting (e.g., premium recognition, reserves), and risk frameworks
- Strong competence in financial systems (ERP software, reporting tools).
- Familiarity with Botswana’s regulatory frameworks: NBFIRA regulations, Companies Act, tax legislation.
- Strategic & Analytical Thinking
- Regulatory & Compliance Orientation
- Leadership & Collaboration
- Technical Proficiency
How to Apply
Submit your detailed CV, cover letter, and references, addressed to The Chief Executive Officer or via email to compliance@westsure.co.bw.
Please quote “Head of Finance” in the subject line.
Closing Date: 08 May 2026
Frequently Asked Questions
What are the typical qualifications and professional certifications required for a Head of Finance position in Botswana's insurance industry?
A Bachelor's degree in Finance, Accounting, or a related field is typically essential, often coupled with a Master's degree or an MBA. Professional certifications like ACCA, CIMA, or CA (Botswana) are highly regarded and often mandatory for senior financial leadership roles. Extensive experience in financial management, preferably within the insurance sector, is also critical.
What are the common day-to-day responsibilities for a Head of Finance in an insurance company in Botswana?
Daily tasks involve overseeing financial reporting, regulatory compliance with local bodies like NBFIRA, and managing budgeting processes. You would also be responsible for financial strategy development, risk management, and leading the finance team to ensure operational efficiency.
How does the local work culture in Botswana influence a senior finance leadership role, and what are key expectations?
Botswana's work culture often values respect, collaboration, and a strong emphasis on professional relationships. As a Head of Finance, you're expected to demonstrate ethical leadership, transparency, and a commitment to mentorship and skills development within your team. Local employers also highly value strategic thinking and robust compliance with national regulations.
What are realistic career progression or growth paths for a Head of Finance in the insurance sector in Botswana?
A Head of Finance could typically progress to a Chief Financial Officer (CFO) role within the same or a larger organization, or potentially move into a broader executive leadership position. Opportunities may also arise to transition into advisory roles or specialize further in areas like risk management or investment within the financial services sector.
What kind of benefits package can one realistically expect for a Head of Finance role in Botswana?
Senior roles typically include comprehensive benefits such as a competitive pension scheme, extensive medical aid coverage for the employee and dependents, and generous annual leave allowances. Other perks might include a company car or allowance, performance-based bonuses, and professional development support.
What does the typical application process involve for a senior finance role in Botswana, and what do employers prioritize?
The application usually starts with submitting a detailed CV and cover letter outlining relevant experience and qualifications. Employers seek strong leadership capabilities, a proven track record in financial management within the local regulatory landscape, and excellent communication skills. Networking and professional references are also highly valued in the recruitment process.