NEW JOB VACANCY - BANK OF BARODA (TANZANIA) LIMITED - CAREERS

 

BANK OF BARODA (TANZANIA) LIMITED – CAREERS

v 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.

ü  Bank of Baroda Tanzania Limited is hereby inviting applications from suitably qualified candidates to fill the following vacancy.

v                   Position Title

ü  Designation: Principal Officer Bancassurance

v                  Job Purpose

ü  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.

v               Key Duties and Responsibilities

ü  Lead and manage all bancassurance activities, ensuring compliance with regulations and ethical standards.

ü  Implement strategies to achieve sales targets and grow the bancassurance business.

ü  Oversee agency agreements, negotiate commissions, and manage relationships with insurance partners.

ü  Manage life and non-life products, including claims processing within agreed timelines.

ü  Act as the main link between the bank, insurance companies, and customers.

ü  Support and drive sales across branches, including client onboarding and retention.

ü  Ensure high-quality customer service and ethical business practices.

ü  Maintain compliance with regulatory bodies (TIRA and Bank of Tanzania) and submit required reports.

ü  Coordinate financial, audit, and tax matters related to bancassurance.

ü  Train staff, identify knowledge gaps, and support marketing initiatives.

ü  Build strong relationships with regulators and stay updated on industry changes.

ü  Perform any additional duties assigned by management.

ü  To ensure that assigned target is achieved.

v                   Qualifications and Experience Required

ü  Bachelor’s degree in Insurance and Risk Management.

ü  Candidate shall have a minimum of 2 years of working experience in insurance operating in Tanzania.

ü  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.

ü  Working knowledge of insurance legislation and regulations.

ü  Certificate of proficiency in Insurance from a recognized college or institution.

v                   Who Can Apply

ü  Candidates holding Local Citizenship, i.e., Tanzanian Nationality only, can apply for the requested Job opportunity.

ü  All above positions will be transferable in nature within Tanzania as per the requirement of our Bank.

v                   Remuneration

ü  Successful candidates shall receive a competitive salary.

v                 Mode of Application

ü  Your application should include:

ü  Application letter

ü  Up-to-date Curriculum Vitae

ü  Copies of relevant certified certificates

ü  Names and contact details of three work-related referees

v                Application Deadline

ü  1600 hours on 27th April 2026

v              Email

ü  hrm.tanzania@bankofbaroda.co.tz