Vacancy title:
Bancassurance Officer
Jobs at:
LETSHEGO TANZANIA LIMITEDDeadline of this Job:
25 March 2021
Summary
Date Posted: Thursday, March 11, 2021 , Base Salary: Not Disclosed
JOB DETAILS:
Purpose of the Job:
Bancassurance Officer is responsible for implementing sound and appropriate policies and procedures that will stimulate banc assurance business through service efficiency and cost effective. The person shall be responsible for managing insurance products to existing customers and to the general public through the company branch networks. Also she/he is responsible for banc assurance business generation and the overall performance of the insurance products in line to the agreed target. .
Key Responsibilities.
• Implementing Banc assurance strategies to ensure agreed target/budget are attained.
• To ensure adherence of Agency contracts and negotiating commission from each principal insurance company
• Managing both life and non-life products and ensure all claims are attended as per agreed TAT.
• Play a key role to ensure that all claims are well received, screened and decision made with agreed TAT
• Provide the main link between the bank, Insurance companies and Insurance agency to customers.
• Implementing insurance agency business strategies to all branches in line with the annual plans.
• To ensure banc assurance business is in compliance with the Tanzania Insurance Regulatory Authority (TIRA)
• Opening and maintaining collection account of each Principal
• Push sales of insurance products in order to attain targeted commission budget
• Recruiting new insurance clients and maintain existing to meet the desired market share.
• Managing and supporting sales activities in the branches.
• Initiate, organize and follow up on direct marketing activities of banc assurance business.
• Ensuring that customers are serviced with high standards and ethics
• Selling banks core products (accounts, loans, and forex) to all non-banked insurance clients Ensuring that all products sold are in compliancy with BOT Banscasurance guideline and TIRA .
• To maintain sound and active relationship with Bancasurance regulators and keep updated with any industry changes
• To produce daily, weekly, monthly and quarterly Bancasurance Sales reports to management
• To prepare Monthly and quarterly regulatory reports (TIRA and BOT).
• Prepare and conduct regular training to staff on insurance products and how to sale insurance products
• To identify Knowledge Gap on Insurance products and develop training program which will cover the Gap
Job Skills
• Job holder should seek to develop strong relationships with those performing a similar role at peer group businesses/banks and to join any appropriate industry forums that will enhance job performance and understanding.
• Multi-cultural awareness and the ability to interact with a wide range of differing levels and sectors of staff, society, social and business, is an essential characteristic of the person holding this position.
Knowledge and Experience Required of Job Holder:
• Degree in Insurance and Risk management or equivalent insurance experience with COP certificate
• A minimum of two years experience in insurance industry
• A comprehensive knowledge of Tanzanian Insurance business.
• Conversant with insurance product offerings in the wider financial services industry
• Effective communications skills; organizational skills, and ability to respond to requests effectively and efficiently.
• Understanding of BOT and TIRA guidelines on Bancasurance
• In-depth knowledge of current computer system functions and applications
Education Requirements
Degree in Insurance and Risk management
Experience Requirements
Two years
Work Hours: 8
{module 312}
Job application procedure
Application procedure.
Interested and qualified applicants are requested to submit their application explaining why they are the best fit for the position by 25th March 2021 through the email TZ.Human.Resources@letshego.com
All Jobs
{module 316}
Join a Focused Community on job search to uncover both advertised and non-advertised jobs that you may not be aware of. A jobs WhatsApp Group Community can ensure that you know the opportunities happening around you and a jobs Facebook Group Community provides an opportunity to discuss with employers who need to fill urgent position. Click the links to join. You can view previously sent Email Alerts here incase you missed them and Subscribe so that you never miss out.