TPB Bank PLC is a Bank that provides competitive financial services to our customers and creates value for our stakeholders through innovative products.

TPB Bank PLC is a Bank , w hose vision is “to be the leading bank in the provision of affordable financial services and promoting financial inclusion in Tanzania”. As part of effective organizational development and management of its hum an capital in an effective way , TPB BANK PLC comm its itself towards attaining , retaining and developing the highly capable and qualified work force for TPB BANK PLC bet term en t and the Nation at large.


TPB Bank PLC seeks to appoint dedicated, self-motivated and highly organized Senior Manager Insurance (1 position) to join the team.

REPORTING LINE: Director of Risk Management and Compliance
LOCATION Head Office
WORK SCHEDULE As per TPB Bank PLC Staff regulations
DIVISION Insurance
SALARY Commensurate to the Job Advertised

Responsible for formulating sound and appropriate policies and procedures that will stimulate Insurance Agency Business in the bank to ensure that efficient and cost effective insurance services are provided to customers and to the general public through the bank’s networks.


Provide leadership to the team to ensure the development of a working environment that is conducive to the achievement of budgeted KPIs and that employees achieve their full potential by gaining new skills through the provision of effective mentoring and training programs.

Provide the main link between the bank, Insurance companies and Insurance agency customers.

 Ensure the development of insurance agency policies and Manual and thereafter initiate regular review in line with the annual plans and with the changing business climate.

To systematically plan and implement the rollout of insurance agency business to all branches in line with the annual plans.

To ensure that there is adequate insurance cover for the bank’s cash holding in Tellers tills, in the strong rooms and cash in transit and always adjust cash limits according to the needs of business and the bank.

To ensure that there is adequate insurance cover for the bank’s physical assets such as buildings, motor vehicles, computer hardware / software, stocks etc on daily basis.

To ensure that there is adequate insurance cover for all customers ‘mortgaged properties / collaterals covering loans and overdrafts, on a daily basis.

To ensure that there is adequate insurance coverage for all other insurance requirements such as Fidelity Guarantee Insurance etc, on a daily basis.

To ensure that The Insurance Agency business of the bank is marketed / promoted aggressively in order to attract customers, in line with the annual plans.

To ensure that Renewal of TPB Insurance Agency registration will be done in the prescribed time and form, and shall be accompanied by the prescribed fee as specified in the Insurance Regulations.

To ensure that premiums are collected and remitted to the Brokers within time of the day in which cover under the policy incepted or the date on which the policy is renewable or in which an endorsement was made, as stipulated in the Insurance Regulations.

To ensure that insurance claims by the bank and customers lodged in time with the insurance company through our Brokers.

To vigorously follow up of claims of the bank and customers lodged, through our Brokers, with insurers and ensure that they are promptly paid by the insurance company.

To ensure that at all times, correct proper records are kept in respect of the Insurance Agency business for each and every insurance customer and review any changes that may arise with respect to the customers in our books.

 To prepare monthly performance report of the Insurance Department and submit to the Director of Technology and Operations on monthly basis.

Ensure that targets in respect of employee productivity, cost management and corporate governance are achieved and the company’s philosophy of Continuous Improvement is always at the forefront.

To supervise work of all staff within the Insurance Department jurisdiction and carry out any other duties as may be assigned by superiors.

To perform any other duties that might be assigned by superior


Education: Bachelor degree or Advanced Diploma in Risk Management and Insurance

Experience: Working experience in insurance business for at least three years.

Demonstrated experience in managing insurance business function including developing policy and procedures for insurance operations. Promoting acceptance and understanding by the customers and general public. Sound knowledge of Insurance/banking regulations and best practice.

The position will attract a competitive salary package, which include benefits. Applicants are invited to submit their resume (indicating the position title in the subject heading) via e-mail to:

Applications via other methods will not be considered. Applicants need to submit only the Curriculum Vitae (CV) and the letter of applications starting the job advertised and the location. Other credentials will have to be submitted during the interview for authentic check and other administrative measures and should not in any way be attached during application.

TPB Bank PLC has a strong commitment to environmental, health and safety management. Late applications will not be considered. Short listed candidates may be subjected to any of the following: a security clearance; a competency assessment; physical capability assessment and reference checking.

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