RAINMAKER UMBRELLA FUND
Sponsored by Metropolitan Lesotho
WE ARE HIRING
Position Details
- Position Title: Independent Trustee
- Department: Rainmaker Umbrella Funds
- Reports To: Board of Trustees
Purpose of the Role
Rainmaker Pension/Provident Fund is a registered pension/provident fund operating under the Pension Funds Act, 2019, providing retirement and related benefits to members through structured investment portfolios and insurer-backed policies.
The Fund invests through portfolios managed by licensed insurers and must ensure:
- Sound governance
- Regulatory compliance
- Protection of members’ benefits
Key Responsibilities
- Exercise fiduciary duty at all times, acting in the best interests of members and beneficiaries with due care, skill, diligence, and independent judgment
- Ensure the Fund is governed in accordance with:
- Pension Funds Act, 2019
- Fund Rules and Trust Deed
- Applicable regulatory requirements
- Contribute to the development, review, and implementation of governance frameworks, policies, and procedures
- Actively participate in meetings, challenge decisions constructively, and prepare adequately
- Oversee key risks and ensure appropriate mitigation measures are in place
- Ensure compliance with all legal, statutory, and regulatory obligations
- Oversee accurate and timely reporting to the regulator and stakeholders
- Ensure trustees meet fit and proper requirements
- Maintain oversight of statutory filings, disclosures, and governance documentation
- Monitor fund account balances, funding levels, and asset values
- Review investment performance and bonus declarations
- Ensure fair and equitable treatment of all members and employers
- Monitor adherence to policy terms (fees, withdrawals, transfers, etc.)
- Review fund-level decisions such as:
- Transfer between portfolios
- Policy amendments or termination
- Exceptional payouts and withdrawals
Minimum Qualifications and Experience
- Degree in one of the following fields:
- Finance
- Law
- Actuarial Science
- Statistics
- Investment Management / Financial Planning or related fields
- 4–7 years of experience in:
- Pension/Provident Funds
- Financial services
- Board experience is an added advantage
Key Technical and Behavioral Competencies
Strong understanding of:
- Pension fund governance frameworks
- Investment structures and portfolios
- Regulatory compliance in Lesotho
- Fiduciary responsibilities and trustee duties
- Risk management and financial oversight
Time Commitment
- Attend periodic Board and committee meetings
- Review documentation (financials, policy updates, compliance reports)
- Participate in strategic and governance discussions
How to Apply
Interested candidates are required to submit:
- A detailed CV
- Certified copies of educational qualifications
📧 Email to: [email protected]
📅 Deadline: 14 June 2026
📌 Email Subject: RMUF/TRUST/06/2026
Important Notes:
- Applications received after the closing date will not be considered
- Hand deliveries will NOT be accepted
- Only shortlisted candidates will be contacted