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JOB ADVERTISEMENT

Principal Officer – Bancassurance

Organization: Bank of Baroda (Tanzania) Limited
Employment Type: Permanent

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About the Bank

Bank of Baroda (Tanzania) Limited is a wholly owned subsidiary of Bank of Baroda, offering full-fledged banking services across Tanzania. The Bank operates branches in Dar es Salaam, Arusha, Kariakoo, and Mwanza, serving a diverse clientele including individuals, SMEs, corporate clients, and government institutions.

The Bank is committed to delivering reliable financial solutions and supporting economic growth across all sectors.

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Position Overview

Designation: Principal Officer – Bancassurance

The role is responsible for leading and expanding the bank’s bancassurance business, driving sales performance, ensuring regulatory compliance, and maintaining strong relationships with insurance partners while delivering high-quality and ethical customer service.

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Key Duties and Responsibilities

• Lead and manage all bancassurance activities in compliance with regulations and ethical standards
• Develop and implement strategies to achieve sales targets and business growth
• Manage relationships with insurance partners, including:
  • Negotiation of agency agreements and commissions
• Oversee life and non-life insurance products, including claims processing within agreed timelines
• Act as the main liaison between:
  • The Bank
  • Insurance companies
  • Customers
• Drive sales across branches, including client onboarding and retention
• Ensure delivery of high-quality customer service and ethical practices
• Maintain compliance with regulatory authorities such as:
  • Tanzania Insurance Regulatory Authority
  • Bank of Tanzania
• Coordinate financial, audit, and tax matters related to bancassurance
• Train staff, identify knowledge gaps, and support marketing initiatives
• Build relationships with regulators and stay updated on industry developments
• Perform additional duties as assigned by management
• Ensure achievement of assigned performance targets

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Qualifications and Experience

• Bachelor’s Degree in Insurance and Risk Management
• Minimum 2 years’ experience in the insurance sector in Tanzania
• Candidates with:
  • A Master’s degree
  • Experience in a commercial bank
    will have an added advantage
• Certificate of proficiency in Insurance from a recognized institution
• Strong knowledge of insurance laws and regulations

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Eligibility Criteria

• Only Tanzanian nationals are eligible to apply
• The position is transferable within Tanzania as required by the Bank

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Remuneration

• Competitive salary package offered to successful candidates

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Mode of Application

Applicants must submit:

• Application letter
• Updated Curriculum Vitae (CV)
• Certified copies of relevant certificates
• Names and contact details of three professional referees

Email: hrm.tanzania@bankofbaroda.co.tz

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Application Deadline

27 April 2026 (1600 Hours)

Only shortlisted candidates will be contacted.

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