Azania Bank
Azania Bank is one of the Tier 1 Commercial banks operating in Tanzania which has
recorded fast growth in terms of financial position, Branch network, Business expansion and customer outreach through its services delivery channels and customer centric focus and product innovation. After operating an insurance agency for a while, the bank now embarks into bancassurance business whereby it focuses on widening scope of service delivery on insurance business in line with bank’s vision of becoming The One Stop Financial Centre.
Currently the Bank is seeking to recruit highly motivated, result-driven and qualified Tanzanians professionals to fill the following 19 positions below: –
Job Title: Bancassurance Manager (One Position)
Scope of responsibilities: –
To create and implement approved strategy for the growth of bancassurance business in line with bank’s strategic plan and annual budget while undertaking leadership role in running of bank’s bancassurance business and operations. This Manager will be reporting to Senior Manager, Retail Banking.
Duties and Responsibilities:
To prepare and propose the medium and long term bancassurance strategic plan and annual budgets for approval by the Bank’s Management and Board
To take up leadership role in the implementation of the approved business plan by ensuring that each unit reporting to him/her undertakes their respective roles effectively and efficiently to reach the budgeted go
To proactively carry out market intelligence and to bring up new insurance product proposals in collaboration with insurance companies
To create and nurture harmonious business relationships with insurance companies and bancassurance clients
To write down policies and manuals for approval and use in day-to-day operations.
To embrace technological developments in order to adopt new automated systems for customer relationship management, underwriting, claims follow-up and other
To ensure that operation of business is compliant with all internal policies, manuals and regulatory requirements governing the bancassurance business.
To participate in outdoor events and to take membership in relevant associations.
To prepare and submit periodic performance reports and to receive directives thereof.
Qualification, Experience and Competences
Bachelor’s degree in insurance and risk management from a recognized university.
A post-graduate degree will be and added advantage.
A Minimum of five years’ experience in insurance business.
Job Title: Bancassurance Underwriter (One Position)
Scope of responsibilities
To receive and review applications for insurance policies while evaluating risk and determine appropriate risk likely to happen.
Duties and responsibilities
Responsible for the collection of premiums from clients.
To work with software developers to develop efficient and easy to use premium collection software.
To advise the bancassurance manager from time to time on how to improve and increase premium collections.
To collaborate with the sales and marketing unit to ensure that our insurance policies do not lapse.
To follow up on premium payment and send reminders from time to time to our policy holders to pay their premium.
Responsible for resolving any premium issues with the bank and policyholders.
To keep proper record of all policies issued through ABL.
To prepare and submit periodic reports on time and to undertake directives thereof.
To ensure compliance with internal policies and manuals and regulatory requirements governing the bancassurance business.
Qualification, Experience and Competences
Bachelor’s degree in insurance and risk management from a recognized university
A post-graduate degree will be and added advantage.
Minimum of one-year experience in insurance underwriting.
Job Title: Bancassurance Claims Processing Officer (One Position)
Scope of responsibilities
The officer shall be responsible for liaison with principal insurance companies for the processing of payment to policy holders that files in for claims
Duties and responsibilities.
To ensures that proper investigations are carried out before claims are paid.
To reviews the organizations’ claims policy from to time to time to make it efficient and measure up with best practices in the industry.
To keep proper record of claims that are paid out through ABL.
To prepare and submit periodic reports on time and to undertake directives thereof.
To ensure compliance with internal policies and manuals and regulatory requirements governing the bancassurance business.
Qualification, Experience and Competences
Bachelor’s degree in insurance and risk management from a recognized university.
Minimum of one-year experience in insurance business.
Job Title: Bancassurance Sales Officers (6 Positions)
Scope of responsibilities
To implement strategies and plans to grow bancassurance business as per set objectives.
Duties and responsibilities
To actively participate in the preparation and implementation of the marketing and sales strategy.
To break down allotted targets into customer segments and to prepare and implement marketing and sales initiatives.
To identify potential business leads and to pursue the same for closing business through agreed distribution channels.
To guide customers through the process of underwriting and to manage customer relationship after sales.
To prepare and submit periodic reports on time and to undertake directives thereof.
To ensure compliance with internal policies and manuals and regulatory requirements governing the bancassurance business.
Qualification, Experience and Competences
Bachelor’s degree or equivalent qualification in insurance & risk management,
Marketing or business administration or holder of Certificate of Proficiency in insurance with other
business-related academic qualifications.
Minimum of one-year experience in insurance business.
Bank Operations Officer (10 Positions)
Scope of responsibilities.
Efficiently and effectively, carry out bank operations activities so as to realize the vision of the Bank
Duties and Responsibilies
Pay out and record cash transactions in accordance with the set procedures such as teller cash payout limits and proof of identity
Receive cash and cheques deposits and effect the appropriate entries
Pay foreign exchange cash and record the same as required
Maintain till balances
Exercise professional care among others by being vigilant, inquisitive, charming and establish validity/ genuineness of instruments and or transacting person
Report to designated officer any suspicious transactions as per given guidance
Reconcile bank accounts and suspense accounts
Process customers/clients’ salaries and third-party financial payments
Raise internal vouchers as per approval and post entries
Process and issue banker’s cheque as per approval and post entries
Prepare statutory reports and other regular banking operations reports
Process transmission of funds as well as incoming transfers
Observe various bank’s risk appetite levels in executing day to day activities
Perform telling duties which include cash receipts and cash pay out to customers
Post entries relating to loans repayments
Dealing with ATM duties
Qualification, Experience and Competences
A bachelor’s degree from any reputable university
One year working experience in the Banking Industry
Remuneration
Attractive remuneration packages awaits successful candidates to the above posts as per Azania Bank Limited Salaries and Incentive Schemes as reviewed from time to time.
General Information
Shortlisted candidates will be required to meet all costs associated with their attendance to the interview. Please note also that successful candidates will be required to meet their relocation costs to Dar es Salaam.
Method of Application
Applications must be attached with updated detailed resume and Copies of relevant certificates. The same may be sent through physical delivery to the addresses indicated herein below. The deadline for submission of applications is One week after the appearance of this advert.
Please note that only shortlisted candidates will be contacted.
Please apply in confidence to:
MANAGING DIRECTOR, AZANIA BANK LIMITED, MAWASILIANO TOWERS, SAM NUJOMA ROAD P. O. BOX 32089 DAR ES SALAAM Email. hra@azaniabank.co.tz Tel No.: 022 2412025/6/7
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