Insurance Officer Jobs Vacancy at Self Microfinance Fund Tanzania January 2022
About Self Microfinance
SELF Microfinance Fund is a product of Government Project which was known as ‘Small Entrepreneurs Loan Facility (SELF)” formed in 1999. SELF Project was among Government programmed pursuing poverty alleviation role on behalf of the Government which was jointly funded by Government of Tanzania and African Development Bank (AfDB).
The Project focused on enhancing the contribution of the Small Medium Enterprises (SMEs) to economic growth and reduction of poverty and to enhance microfinance industry in Tanzania through;
Wholesale loan fund to eligible Microfinance Institutions (MFIs);
Strengthening the capacity of collaborating MFIs through training and institutional support; and
Promote and sensitize the formation of new grassroots MFIs.
The performance of the Project was significantly notable, and thus it was found to be beneficial to transform the Project into a sustainable entity beyond its project life to enable it pursue further this noble role. The Cabinet sitting of 13th June 2014; assented SELF II Project to transform to Company Limited by Guarantee (CLG), which conforms adequately on status incorporation, business form, assets transfer and ownership. SELF Microfinance Fund was incorporated on 14th September 2014 under Company Act 2002 as a Company Limited by Guarantee and the main guarantor being the Government of United Republic of Tanzania through the Ministry of Finance and Planning under the Treasury Registrar.
In November 2018, The Government of Tanzania reached the decision to merge SELF Microfinance Fund (SELF MF) and UTT Microfinance (UTT MFI). The merging aimed at synergizing human capital, Financial (Capital Investment) and business opportunities that existed between the two (2) companies and reduce Government dependence. Merging the two companies provided the new formed company with synergies and economies of scale that can lead to greater efficiency and profitability.
JOB POST: INSURANCE OFFICER II (1 POST)
POST CATEGORY(S): TAXATION AND SOCIAL PROTECTION
EMPLOYER SELF: Microfinance Fund
APPLICATION TIMELINE: 2022-01-24 to 2022-02-06
JOB SUMMARY N/A
DUTIES AND RESPONSIBILITIES
i. To develop a comprehensive marketing plan and work with agents in developing sales goals and action plans;
ii. To establish a protocol for changing the terms of the service contract and stipulations for default and termination of the contract;
iii. To ensure that there is safe-keeping of all relevant records, data, documents, or files for a period approved by the Fund;
iv. To prepare suitable limits on transactions;
v. To maintain confidentiality of all customer transactions all the times;
vi. To identify marketing strategies based on the Fund’s objectives, market characteristics, product costing, and mark-up factors as related to agency services;
vii. To identify business opportunities, negotiate and close business deals, and maintain extensive knowledge of current market conditions;
viii. To develop and oversee implementation of customer service charter and identify and implement value added customer service;
ix. To Provide guidance to the Fund’s clients in marketing their products;
x. To call on clients and make presentations on solutions and services that meet or predict their future needs; and
xi. To perform any other duties as may be assigned by his/her Supervisor.
QUALIFICATION AND EXPERIENCE
Holders of Bachelor Degree in Insurance or equivalent qualification from a recognized institution.
EXTRA QUALIFICATION
i. Ability to sale and market SELF MF products
ii. Ability to recruits loans
iii. Ability to negotiate with clients
iv. Ability to handle customers
v. Flexibility on job rotation
vi. Ability to analyze and interpret loans
vii. Ability to recover loans from defaulters
viii. Good communication skills
ix. Ability to work under pressure
x. Readiness to work anywhere in Tanzania
REMUNERATION SMF SS 2
The deadline for submitting the application is 06 February 2022.
