Principal Officer Bancassurance
Bank of Baroda
Bank of Baroda (Tanzania) Limited - Careers
About the Bank
Bank of Baroda (Tanzania) Limited is a wholly-owned subsidiary of Bank of Baroda. We currently have branches in Dar es Salaam, Arusha, Kariakoo, and Mwanza, providing full-fledged banking operations and serving people from all walks of life. The bank finances businessmen, traders, manufacturers, retailers, individuals, employees of well-established companies, institutions, government departments, SMEs, etc., in addition to other Banking Services.
Bank of Baroda Tanzania Limited is hereby inviting applications from suitably qualified candidates to fill the following vacancy.
Position Title
Designation: Principal Officer Bancassurance
Job Purpose
To lead and grow the bank’s bancassurance business by driving sales, ensuring regulatory compliance, and maintaining strong relationships with insurance partners while delivering high-quality and ethical customer service.
Key Duties and 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.
- To ensure that assigned target is achieved.
Qualifications and Experience Required
- Bachelor’s degree in Insurance and Risk Management.
- Candidate shall have a minimum of 2 years of working experience in insurance operating in Tanzania.
- Candidates having a Master’s or higher degree and having required or higher experience with any commercial bank operating in Tanzania will be given preference.
- Working knowledge of insurance legislation and regulations.
- Certificate of proficiency in Insurance from a 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 transferable in nature within Tanzania as per the requirement of our Bank.
Remuneration
Successful candidates shall receive a competitive salary.
Mode of Application
Your application should include:
- Application letter
- Up-to-date Curriculum Vitae
- Copies of relevant certified certificates
- Names and contact details of three work-related referees
Application Deadline
1600 hours on 27th April 2026