Principal Officer Bancassurance

About Bank of Baroda

Bank of Baroda (Tanzania) Limited is a wholly owned subsidiary of Bank of Baroda. The bank currently operates branches in Dar es Salaam, Arusha, Kariakoo, and Mwanza.

The bank provides full-fledged banking operations and services to diverse clients including businesspeople, traders, manufacturers, retailers, individuals, employees of established companies, institutions, government departments, and SMEs.

Position Overview

Designation: Principal Officer Bancassurance

Location: Dar es Salaam, Tanzania

Employment Type: Full-Time

Job Purpose

To lead and grow the bank's bancassurance business by driving sales, ensuring regulatory compliance, and maintaining strong relationships with insurance partners while delivering high-quality and ethical customer service.

Key Responsibilities

• Lead and manage all bancassurance activities, ensuring compliance with regulations and ethical standards
• Implement strategies to achieve sales targets and grow the bancassurance business
• Oversee agency agreements, negotiate commissions, and manage relationships with insurance partners
• Manage life and non-life products, including claims processing within agreed timelines
• Act as the main link between the bank, insurance companies, and customers
• Support and drive sales across branches, including client onboarding and retention
• Ensure high-quality customer service and ethical business practices
• Maintain compliance with regulatory bodies (TIRA and Bank of Tanzania) and submit required reports

Required Skills and Competencies

• Management
• Sales & Retail
• Business Operations
• Customer Service
• Finance
• Insurance