Senior Bancassurance Officer (Insurance Premium Financing)

About the Position

Diamond Trust Bank is seeking a Senior Bancassurance Officer to strengthen its bancassurance team in Tanzania. This role is responsible for structuring, originating, executing, and managing insurance premium financing (IPF) solutions for corporate, individual, and SME clients.

Job Purpose

You will work closely with Corporate Relationship Managers, Credit, Risk, and Insurance Partners to grow fee income, deepen client relationships, and increase insurance penetration through innovative financing solutions.

Key Responsibilities

Business Development & Revenue Growth

• Identify eligible corporate and SME clients for insurance premium financing in collaboration with Relationship Managers
• Structure competitive IPF proposals that match client cash-flow cycles and comply with bank credit policies

Credit and Risk Management

• Collaborate with the Credit Department to conduct proper risk assessment of financed premiums
• Ensure financing meets collateral, guarantee, or security requirements where needed

Operations and Partnerships

• Coordinate with insurers and brokers to confirm policy issuance before releasing financing

Portfolio Monitoring and Reporting

• Maintain an up-to-date IPF portfolio tracker including exposure, sector concentration, and repayment status

Required Qualifications

• Bachelor's degree in Business Administration, Insurance and Risk Management, Banking, Risk, Finance, or related field
• 2–4 years' experience in bancassurance
• Professional insurance qualification (CII) is an added advantage

Work Details

• Position Type: Full-time
• Location: Dar es Salaam, Tanzania
• Currency: TZS (Monthly)