Senior Manager Business Development – Bancassurance
Department
DEPARTMENT OF RETAIL BANKING
Location
Tanzania Head Office
Job Purpose
The person at this position will be responsible to proactively respond to identified business opportunities for all lines of business; to provide leadership and direction to the business development team including business retention thus achieving the delivery of the Business Budget as well as ensuring sustainable, profitable business operations and establishing CRDB insurance agent as The most remarkable agent readily recognized within Tanzania.
Recommended:
Principle Responsibilities
- Responsible in overseeing the daily insurance sales in the Organization
- Responsible to development and implementation of the Departmental Business strategy, plans and budget in line with company objectives.
- Ensures compliance with organizational policies, procedures and quality standards including TIRA.
- Works in close coordination with the group stakeholders to develop business strategy and articulate action plans to drive the focus of business towards archiving the company objectives.
- Undertakes internal and external training initiatives to expand the technical skills of Underwriters.
- Responsible in ensuring all renewals are done on time and ensure maximum client retention while generating more leads and support in closing of the same.
- Develop and review all business proposal for new products and clients for quality assurance
- Prepare various analytical business reports
- Validate all proposals/inquiries/quotation received directly or through the Branches for compliance.
- Provides underwriting technical guidance on matters related to defining scope of cover, development of policy terms, premium finance, tenor of coverage etc. to Zone and branches in ensuring the achievement of the targets.
- Establishes a framework/guiding instrument to support business environment including digitization.
- Analyse sales data on sales results and develop plans to address performance gaps.
- Responsible for proposing and implementing cost effective solutions for the efficient and effective operations of the Bank
- Create opportunities for an organization’s growth.
- Find new customers and persuade existing ones to buy extra services/products (Cross and upselling).
- Write reports and make presentations to customers and senior management.
- Identify new methods and opportunities for sales campaign.
- As a member of the company’s Product Development Team, constantly review market needs and advise senior management on trends, developments and needs for new products and enhancements.
- Development of the incentive program for all distributions channel.
- Drive market research that is aimed at identifying new business potential and participate in the development of new products to fill special market niches
- Ensure that subordinates submit accurate, quality and timely business reports and use these to compile departmental reports for review by senior management and the Board
- Monitor competitor activity and advise the senior management team on opportunities/threats that are presented by such activities
Other Responsibilities:
- Develop and implement the advertising, promotion and public relations campaigns increase visibility
- Grow commission income in line with the business plan
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Qualifications Required
- Bachelor Degree in any related Business subjects from accredited higher learning institution.
- Professional qualification (ACII) will be an added advantage. (Minimum qualification allowed is a degree in Insurance and risk management)
- 6 years’ experience within the Insurance Industry, 3 of which must have been at Senior Leadership
- Self-starter
- Excellent planning & organization skills
- Ability to multitask
- Excellent communication skills both written and verbal
- Excellent interpersonal skills
- Resilient
CRDB Bank is dedicated to upholding Sustainability and ESG practices and encourage applicants who share this commitment. The Bank also promotes an inclusive workplace, hence applications from women and individuals with disabilities are encouraged.
It is important to note that CRDB Bank does not charge any fees for the application or recruitment process, and any requests for payment should be disregarded as they do not represent the bank’s practices.
Only Shortlisted Candidates will be Contacted.
Employment Terms
PERMANENT
How to Apply:
To submit your application, please follow the link provided below.
