Job Opportunity at TADB, Principal Insurance Officer – NAFASI ZA KAZI

Principal Insurance Officer  

BACKGROUND OF TADB

Tanzania Agricultural Development Bank Limited (TADB) is a Government Institution established under the Companies Act, 2002 and licensed under the provisions of the Banking and Financial Institutions Act No 5 of 2006 and the Banking and Financial Institutions (Develop­ment Finance) Regulations, 2012.

The bank has the following key objectives:

• To catalyze credit delivery to the agricultural sector and thereby accelerate agricultural growth;
• To lead, as an apex agricultural financing bank, in capacity building strategies and programmes to strengthen the agriculture financial value chain;
• To be an important player in the implementation of the Government’s development vision, policies and programmes, including but not limited to the Tanzania Development Vision 2015, Agricultural Sector Development Programme, Kilimo Kwanza Initiative, Second-Genera­tion Financial Sector Reforms as well as in the furtherance of the National Strategy for Growth and Reduction of Poverty for Mainland Tanzania (MKUKUTA), and Zanzibar Strategy for Growth and Reduction of Poverty (MKUZA);
• To build on existing Agro-financing activities through provision of short, medium and long-term facilities to the following: smallholder farmers’groups, savings and credit cooperative societies (SACCOS), community banks, commercial banks and microfinance institutions (MFIs) that are active in lending to the agricultural sector;
• To coordinate and monitor agriculture and rural lending activities with a view to maximizing the impact of agricultural growth by working closely with the Ministries and institutions responsible for Agriculture, Regional Administration as well as the numerous players active in this sector;
• To assist the Government in implementing its policies on enhancing financial inclusion and economic empowerment in the rural areas.
• The TADB is hereby inviting applications from suitably qualified candidate to fill the following vacancies:

PRINCIPAL INSURANCE OFFICER -1 Vacancy, DSM Nature and scope:

Reporting to the Business Development Manager, the Principal Insurance Officer will be responsible for delivery of Bancassurance business performance through effective business development, excellent customer service and execution of operational Bancassurance services to the Banks’customers.

Key Responsibilities;

• Drive sustainable growth of the portfolio in order to achieve the set business target.
• Effectively create new client relationships and partnerships whilst ensuring retention of existing business relationships through high standards of customer service.
• Execution of day to day Insurance operations entailing cross-selling of insurance products, posting of risk details, claims administration and documentation as well as follow up on renewals.
• Maintain accurate records and reports on insurance transactions.
• Champion the delivery of consistent, seamless and trusted customer service to ensure customer retention and loyalty.
• Ensure customer enquiries are resolved promptly as per laid down policies and procedures.
• Collection of premium on all insurance business transacted at the assigned Branch as per laid down procedures.
• Champion Insurance products training across the Bank by working closely with zones to sensitize customers on insurance products. Develop and implement Insurance Sales activation programs in conjuction with Zonal Offices.
• Ensure compliance to the Bank’s policies, procedures and regulatory requirements.
• Carry out any other duties assigned by your Line Manager/Supervisor.

Qualifications, Knowledge, Experience:

• Graduate qualification in Insurance, Banking, Finance or related field. Professional accreditation in Bancassurance will be an added advantage.
• Minimum of 5 years relevant experience, of which three must be in a senior level in reputable company or financial institution.Strong client focus ability and external orientation with the ability to understand client needs and stay abreast of macro-economic trends.
• High strategic, consultative and solution orientation with the ability to assess client needs at a relationship level and to package the banks products in response.
• Strong working knowledge of processes and practices pertaining to Agriculture financing deals.
• Excellent communication and presentation skills including a strong command of PowerPoint and public speaking.
• Exceptional relationship management skills including strong ability to manage and effectively influence multiple stakeholders.
• Good interpersonal skills with great emphasis on teamwork. Able to work effectively in across the country.
• High level of responsiveness and ability to operate with a high degree of urgency and work in a pressurized environment Strong drive for results, able to plan, track and follow through to capture solutions and revenues.
• Knowledge of the banking industry and its related laws, regulations, policies and procedures is essential.
• Carry out any other duties assigned by your Line Manager/Supervisor.

REMUNERATION

Tanzania Agricultural Development Bank Limited is an equal opportunity employer. The bank offers an attractive remuneration package, career development opportunities and an excellent working environment.

MODE OF APPLICATION AND DEADLINE

Job applicants are required to apply for these employment opportunities through this email, careers@tadb.co.tz Please note: applicants are required to attach the following to their respective application.

Application letter showing how they meet the requirements of the position;

• An up-to-date Curriculum Vitae;
• Contacts stating name in full, physical address, telephone numbers and e-mail addresses of the candidate;
• Certified copies of relevant certificates
• Names and full contacts of three (3) referees.

Closing date: Applications should reach the undersigned not later than 4.00 pm on Friday, 1 st September 2020.