JOB DETAILS:
Purpose of Job
The job holder is responsible for participating in the development and implementation of the sales and underwriting of insurance covers, in line with the banc assurance team’s objectives. Provision of efficient and effective insurance services. This includes ensuring that all client related matters are dealt within the timescales. Provision of specialist advice and support to the team inducing business retention thus achieving the delivery of the Business Budget as well as ensuring sustainable and profitable business operations

Key Role and Responsibilities
• Co-ordinate all Bancassurance activities conducted within the allocated in Zanzibar.
• Handle retail and CIB portfolio with the new and renewal business in Zanzibar, targeting Medical, General and life business.

• Maintaining, Generating, and managing existing and new businesses by contacting potential clients to establish rapport and arrange meetings.
• Negotiating insurance terms with Insurers and provide competitive quotes and proposals.

• Analyze and assess proposal forms and risk notes and confirm correctness within the acceptable underwriting standards.
• Work on the allocated renewal scrutiny listing 2 months prior to expiry of policy and dispatch renewal notices to clients prior to renewal date.

• Attend to direct customers who visit the office for inquiry and provide prompt attention and efficient service.

• Provides guidance and training to bank stall and bancassurance champions on insurance matters in Zanzibar.
• Perform perindical service visits to client.
• Claims follow up and update clients.
• Monitoring of progress towards achieving targets is done on a monthly basis and preparing weekly and monthly reports.
• Participate in formulating and implementing any marketing activities and promotions

• Ensure timeliness of quotations, invoicing, timely dispatch and tracking of documents to the Branches and to the respective customers.
• Accountable for achieving annual income targets as cascaded from Manager General Insurance.
• Ensure timely collection of commissions from insurers and performing commission reconciliations as per the set standards

• Accountable for achieving annual income targets as cascaded from Manager General Insurance
• Ensure timely collection of commissions from insurers and performing commission reconciliations as per the set standards.

Internal: Regular contact with all Branches & Departments

External: Regular contact with existing, new customers and insurance companies.

Competencies
• Excellent knowledge of insurance products and processes, regulatory requirements as well as ability to drive
• business performance and revenues
• Analyzing, planning, organizing, Learning & Researching
• Achieving Personal Work Goals and Objectives.
• I entrepreneurial and business acumen
• Knowledge of regulatory Framework within the banking & insurance environment.
• Ability to professionally interact with external and internal stakeholders.
• Ability to work independently or as a part of a team.
• Ability to accommodate operational and functional ambiguity and charge.
• Proven ability to influence others and to achieve tangible business results whilst adhering to internal compliance and regulatory requirements in all aspects of corporate operations.
• Demonstrated integrity and ethical standards

Qualification and Skills
• Bachelor ‘s degree or its equivalent in insurance, bank, risk management, law, actuarial science, finance, Business Administration or related field from recognized institution
• Minimum of 3 years’ work experience in the Insurance Industry with a key focus on Operations, Underwriting and Claims

Minimum requirement certificate in insurance/CoP
• Excellent knowledge of insurance products and processes, regulatory requirements as well as ability to drive business performance and revenues
• Good understanding of customer segmentation and needs as well as an in-depth knowledge of distribution channel strategies Sworn Declaration of good character and solvency.
• Strong passion and understanding of the insurance industry and its regulatory environment
• Demonstrated capacity to lead, coach and supervise team members effectively
• Excellent communication and interpersonal skills, with experience of dealing with executives and clients at all levels including the capacity to articulate risk management, insurance products, policies and underwriting in the language of business.
• ACll would be an added advantage

OTHER
• Carry out work in accordance with the bank’s procedures.
• Perform the assigned tasks with due diligence.
• Fliminate waste of whatever form, suggest the use of new practices and contribute to the continuous improvement of the bank.

To apply, please send your CV along with all academic certificates to hrrecruit@eximbank.co.tz with the subject line: JOB APPLICATION: ASSISTANT RELATIONSHIP MANAGER – BANCASSURANCE (Note: Only shortlisted candidates will be contacted)