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Job Opportunity at Yetu Microfinance Bank Plc, Senior Banc Assurance Officer

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Yetu Microfinance Bank Plc

Position: Senior Banc Assurance Officer

Job Summary:

The purpose for this role is to have a dedicated resource with the appropriate skills and knowledge to support the Bancassurance business in delivery of its sales and business development strategy.

KEY RESPONSIBILITIES

  • Following up on outstanding premiums and yet to be renewed policies.
  • Compiling monthly Credit Life reports and to be sent to the Insurers.
  • Issuing Policies after receiving the right information.
  • Preparing of various reports of Banc Assurance unit.
  • Grow and process Insurance Premium Financing business
  • Reconciliation of Banc Assurance Accounts
  • Responsible for retention of business and support of the Bank’s sales teams and relationship managers to grow business.
  • Ensure continuous engagement with the retail network (the bank) dealing with their sales issues and embedding of insurance across the branches.
  • Identify product needs and generate new revenues and develop solutions in liaison with various insurer partners or underwriters to meet current and future need of the business and the customers.
  • Initiate partnership with insurance companies and other stakeholders for joint projects and other business relationships
  • Ensure all regulatory requirements are met

DAILY RESPONSIBILITIES

  • Daily tracking, management of the Insurance Premium Financing book.
  • Ensure all regulatory requirements are met by ensuring compliance to the insurance act, regulations and other guidelines
  • Recording of policies to keep track with legal and credit departments.

Requirements:

  • Bachelor degree in Insurance or its equivalent from any recognized institution
  • Professional Qualifications: Sales background is an added advantage
  • Banking experience added advantage

How to apply

Send CV only (do not attach certificates) hr@yetumfplc.co.tz 

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