Bank of Baroda (Tanzania) Ltd

Bank of Baroda (Tanzania) Limited is wholly owned subsidiary of Bank of Baroda. Presently the Bank has branches in Dar es Salaam, Arusha and Mwanza.

The Bank provides full-fledged banking operations and serving people in all walks of life. The bank is financing businessman, traders, manufacturers, retailers, individuals, employees of well-established companies, institutions, government departments, SMEs etc. in addition to other Banking Services.

Post Title: Bancassurance Principal Officer

Major responsibilities

• He/she will be responsible for overseeing the Banc assurance business of the bank, business growth as well as the profitability of the bancassurance portfolio through sales and enhancement of its product and services. He/she will be also responsible for identification of Risks associated with bancassurance portfolio of bank and mitigation of the same.
• He/she will be also be also responsible for compliance of all guidelines of the Bank/Bank of Tanzania/Tanzania Insurance Regulatory Authority. Responsible for the operations of the Bancassurance business and be a representative of the bank in all matters of bancassurance business with regulatory authorities

Qualifications and Experience

a) Candidate shall have minimum qualification of Bachelor’s degree in Insurance and Risk Management.
b) Candidate shall have minimum of 01 year of working experience in experience in insurance operating in Tanzania.
c) Candidates having Master’s or higher degree and having required or higher experience with any commercial bank operating in Tanzania will be given preference.
d) Working knowledge of insurance legislation and regulations.

e) Certificate of proficiency in Insurance from recognized college or Institution

Who can apply:

Candidates holding Local Citizenship i.e. Tanzanian Nationality only can apply for the requested Job opportunity. All above positions will be transferrable in nature within Tanzania as per requirement of our Bank.

Remuneration: Successful candidates shall receive a competitive salary and other benefits in accordance with the status of the bank in the industry.

Mode of Application:

Candidates who meet the required qualifications and experience shall apply by filling the Application Form as per the prescribed format annexed herewith along with a passport-size photograph and supporting documents to the following address not later than 12/09/2023 before 5.00 P.M. (East African Time).

The Head of the Human Resources Department

Bank of Baroda Tanzania Limited.

Address: Plot no.149/32, Ohio/Sokoine Drive, P 0 Box No.5356, Dar es Salaam, Tanzania.

The applications in prescribed formats can also be submitted on email id: hrm.tanzania@bankofbaroda.com

The management reserves the rights to shortlist and only shortlisted candidates will be contacted for an interview or test in person. The management also reserves the rights to cancel this recruitment exercise at any point of time if required.

Note:

• Application received from other modes or in any other formats will not be accepted.
• Incomplete or partially filled applications will not be entertained.
• Please check eligibility criteria before submitting applications