Specialist; Life and Medical at NMB Bank

Specialist; Life and Medical at NMB Bank

Company: NMB Bank
Location: Dar es Salaam, Tanzania
Type: Full Time
Date: February 15, 2024
Category: Banking Jobs

Overview:

NMB Bank is seeking a qualified and experienced Specialist in Life and Medical insurance to join our team at the Head Office in Dar es Salaam. This role is responsible for implementing the sales strategy and providing technical expertise in insurance for the bancassurance business. If you have a background in insurance, strong analytical skills, and a commitment to delivering quality service, we encourage you to apply for this position.

Job Title: Specialist; Life and Medical
Number of Positions: 1
Job Location: Head Office

Job Purpose:
The Specialist; Life and Medical will be responsible for developing and implementing the sales strategy for life and medical insurance products, managing underwriting and claims, maintaining insurance business portfolios, and ensuring compliance with regulatory requirements. This role plays a crucial part in driving the performance of the bancassurance business.

Main Responsibilities:

• Develop insurance products and sales strategy for life and medical insurance.
• Manage underwriting and assist in claim management for all life and medical insurance products.
• Develop products, processes, and procedures for life and medical insurance.
• Maintain the life and medical insurance business portfolio to safeguard customer and bank interests.
• Reconcile premium collections and ensure timely remittance to insurers.
• Oversee embedded life insurance products and ensure proper coverage and functionality.
• Manage relationships with customers, branches, and stakeholders.
• Identify and analyze market opportunities for new business.
• Coordinate training on life and medical insurance products.
• Provide support to auditing activities and ensure timely closure of findings.
• Drive sales and promotional campaigns across the network.
• Manage customer queries and complaints regarding life and medical insurance.
• Ensure compliance with bancassurance regulations and customer protection laws.
• Prepare and share consolidated reports on a regular basis.

Knowledge and Skills:

• Comprehensive knowledge of insurance products.
• Understanding of banking products and regulations.
• Strong analytical and numerical skills.
• Excellent interpersonal and networking skills.
• Good marketing skills.

Qualifications and Experience:

• Bachelor’s degree in Insurance business, risk management, or related fields.
• Master’s degree or postgraduate qualification in risk management, insurance business, or business fields is an advantage.
• Certification courses or training in risk management and insurance are preferred.
• Minimum of 3 years of experience in insurance business with a reputable company.
• Experience in underwriting, claims management, and sales of insurance products.

NMB Bank Plc is committed to diversity and equal opportunity employment. We encourage applications from female candidates and people living with disabilities.

How to Apply:
If you meet the qualifications and are interested in this position, please click on the link below to apply:

CLICK HERE TO APPLY

NMB Bank Plc does not charge any fee for the application or recruitment process. Any solicitation for payment should be disregarded.

Application Deadline: February 28, 2024