Descriptions
Summary
**Job Title: Principal Officer Bancassurance**
**Organization:** Bank of Baroda (Tanzania) Limited
**Contract Type:** Permanent
**Overview:**
- Lead and grow the bank`s bancassurance business
- Drive sales, ensure regulatory compliance, and maintain strong relationships with insurance partners
- Deliver 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
- Coordinate financial, audit, and tax matters related to bancassurance
- Train staff, identify knowledge gaps, and support marketing initiatives
- Build strong relationships with regulators and stay updated on industry changes
- Perform any additional duties assigned by management
**Requirements:**
- Bachelor`s degree in Insurance and Risk Management
- Minimum of 2 years of working experience in insurance operating in Tanzania
- Working knowledge of insurance legislation and regulations
- Certificate of proficiency in Insurance from recognized college or Institution
**Benefits:**
- Competitive salary
**Deadline:** 1600 hours on 27th April 2026
**Job Type:** Permanent
**How to Apply:**
- Application letter
- Up-to-date Curriculum Vitae
- Copies of relevant certified certificates
- Names and contact detail of three work-related referees
- Email: [email protected]
How to apply
Use the application link below to open the official application form.
