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: Banking & Financial Services
- 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
Phone: +267 3651988
REF Code: AFBF- Member Trustee 2026
Frequently Asked Questions
What typical qualifications, certifications, or education are needed for a Member Trustee role on a Beneficiary Fund Board in Botswana?
Candidates typically require a strong background in finance, law, or investment management, coupled with proven experience in governance or oversight roles. A solid understanding of fiduciary duties and compliance with Botswana's regulatory framework, particularly NBFIRA requirements, is essential.
What are the common day-to-day responsibilities for a Member Trustee on a Beneficiary Fund Board in Botswana?
Trustees are primarily responsible for strategic oversight, ensuring the fund is managed effectively and in the best interest of its beneficiaries. This involves attending regular board meetings, reviewing financial performance, approving policies, and ensuring adherence to all relevant local regulations. It is not an operational daily role but one of governance and accountability.
What are the local work culture and expectations for a Board Trustee in Botswana?
Trustees in Botswana are expected to uphold the highest standards of integrity, transparency, and ethical conduct in line with local corporate governance codes. A deep commitment to safeguarding beneficiary interests and ensuring regulatory compliance with bodies like NBFIRA is paramount.
What realistic career progression or growth paths can one expect from serving as a Board Trustee in Botswana?
Serving as a trustee offers invaluable experience in corporate governance, financial oversight, and strategic decision-making within the Botswana financial sector. This role enhances one's professional reputation, expands their network, and can open doors to other board appointments or senior advisory positions.
What typical benefits, such as leave, medical aid, or pension, are associated with a Member Trustee role in Botswana?
Board trustee roles in Botswana typically involve receiving a sitting allowance or stipend for attending meetings, rather than a fixed salary or traditional employee benefits. These roles are often part-time and compensate for time and expertise contributed to the fund's governance.
How should one apply for a Trustee role in Botswana, and what do employers (or boards) typically look for?
Applicants should highlight their relevant experience in financial oversight, governance, and understanding of Botswana's regulatory landscape for trusts and beneficiary funds. Boards seek individuals with strong fiduciary acumen, impeccable integrity, and a demonstrated commitment to serving the beneficiaries' best interests.