Retail Financial Advisor (RFA)

Department: Retail Department

Location: Dodoma, Tanzania

Reports to: Unit Sales Manager

Alliance Life Assurance Ltd was established in 2010 as the first locally owned private Life Insurance Company in Tanzania. The company has spread its sphere of influence throughout the region to become one of the leading insurance and financial services companies in East Africa providing life insurance solutions to both corporates and individuals. Alliance Life is highly rated in leadership, innovation, customer service, and risk management.

The company is looking for experienced Life Insurance Retail Financial Advisor (RFA)s to join the Team. As an experienced Retail Financial Advisor (RFA) you will be responsible to sell life insurance products and to support the retail distribution network to meet the sales target and contribute to the growth of Business portfolio. The Retail Financial Advisor (RFA)s will report to the Unit Sales Manager (Retail) and will be based in Dodoma.

Essential Duties and Responsibilities:

• To meet the sales Target
  • Attending insurance related meetings within a respective sales avenues or distribution network
  • To work on the leads provided by the respective distribution channel.
  • To conduct product awareness to all prospective clients through all distribution channels.
  • Attending promotional events and campaigns to increase brand visibility and sales.
  • To maintain individual sales activity plans and continually report to the supervisor on activities planned for the day and week including attending team meetings.
  • Sending out proposals and quotations and prompt follow up of premiums and renewals according to ALAL standards.
  • Monthly reconciliation to ensure sales figures are accurate.
• To acquire new clients, build and maintain strong relationships with all stakeholders (new and current), and to regularly check on clients for better service, retention and potential business opportunities.
• Bancassurance Channel Support functions
  • Day to day follow up on the shared list of prospects and closing the leads.
  • Follow up on outstanding premiums and policies that are yet to be issued or renewed.
  • Reporting to USMs and Bank Branch Managers to whom you will assigned to, the daily leads report
• Maintain compliance with the company policies and procedures.
• Any other official tasks that may be assigned by the management.

Qualifications and Experience Required:

• Bachelor’s Degree /Diploma/ Certificate in Insurance and Risk Management/ Economics/Banking and Finance/ Marketing, or any related field.
• Minimum of 2 years’ sales experience specifically in Life Insurance will be an added advantage.
• Excellent marketing and negotiation skills.
• Excellent relationship management skills.
• Ability to self-motivate and work independently and to carry out assignments to completion within parameters of instructions, prescribed methodology, and standard operating procedures.
• Excellent report writing and interpersonal skills.
• Excellent planning and organizational skills.
• Excellent time management skills, must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service.
• Ability to portray high level of integrity and professionalism, including well-groomed appearance.
• Good knowledge of Microsoft Office and basic computer applications.
• Excellent communication (writing, speaking, listening, reading), negotiation and persuasive skills in both English and Swahili.

General:

Alliance Life Assurance Ltd (ALAL) promotes an inclusive workplace that provides equal opportunities for all employees, including reasonable accommodations for individuals with disabilities. For inquiries regarding physical demands, please contact Human Resources.

If you meet the qualifications and are interested in this position, please submit your resume to careers@alliancelife.co.tz with the subject Retail Financial Advisor. The deadline for applications is 14th January 2025. Only shortlisted candidates will be contacted.