Principal Officer – Business Development Job Vacancy at TIB Development Bank

Full Time

Website TIB Development Bank

TIB Development Bank, formerly known as Tanzania Investment Bank, is a government-owned development bank in Tanzania.

Principal Officer – Business Development Job Vacancy at TIB Development Bank

TIB Development Bank Limited is Development Finance Institutions (DFI) wholly owned by the Government of United Republic of Tanzania. The bank has been established and exists under the Companies Act, 2002. The focus of TIB Development Bank as a premier national DFI is on national projects that aim at the attainment of the Tanzanian Development Vision 2025. The bank’s mandate is to support the Government in achieving rapid economic growth through the development of industries, infrastructure, services sectors, as well as oil and gas sectors. In this regard, activities of TIB Development Bank have specifically expanded and the bank now invites suitable, qualified, and skilled applicants to fill the vacant positions: –

PRINCIPAL OFFICER – BUSINESS DEVELOPMENT

Nature and Scope

Business development is the process of planning for future growth by identifying new opportunities, forming partnerships, and adding value to a Bank. The successful candidate will be reporting to Manager Business Development. S/he will be responsible for anticipating and responding to changes in the bank’s operating environment and then propose and implement sound ideas and decisions in response to these changes. To monitor and develop and in depth understanding of policies, laws and regulations governing development financing in Tanzania and apply them in the bank’s operations.

Key Responsibilities

  • To identify potential clients for the bank’s solicitation efforts.
  • To develop and sustain relationships with the bank’s key stakeholders, as well as existing and potential customers.
  • Meeting with potential customers to present TIB Development Bank financial solution offerings and negotiate business deals;
  • Collaborate with management and other TIB Development Bank employees to determine the most viable, cost effective approaches to pursue business opportunities.
  • Conduct market research to identify new business opportunities including products and development financing programs.
  • To anticipate and respond to changes in the bank’s operating environment and then propose and implement sound ideas and decisions in response to these changes.
  • To contribute ideas regarding products, processes and procedures relating to the bank’s development financing services.
  • Develop and make presentations about the bank and its products to potential clients
  • Attend various events, exhibitions and conference for the purpose of representing and presenting the bank and its products and services to potential customers.
  • To participate or contribute in developing, and implementing business growth strategies.
  • To analyze application for financing and prepare memorandums, proposals, or business cases for presentation to management for decision making.
  • Collaborate with other departments and sections to create proposals for pricing, selling and promoting the bank’s products and services.
  • Develop and maintain relationships with clients and represent the Bank to potential clients through clients’ visitations and business meetings.
  • Screen new applications submitted by clients seeking financing from the bank.
  • To ensure the necessary and relevant bank records, e.g., loan files, are kept and updated as required.

Educational Qualifications:

A holder of Degree in either Business Administration, Economics, Accounting, Commerce or Agribusiness. Master’s degree in business, Commerce, Finance, Accounting, Economics or in any relevant technical area is added advantage.

  • Working experience, skills, and knowledge:
  • At least 7-years proven and demonstrable working experience in the financial services sector.
  • Having sound in Credit & Financial Risk analysis
  • Knowledge of risk management
  • Proven experience in business/ credit appraisals
  • Knowledge of financial services and project management
  • Knowledge of the financial services sector regulatory framework
  • Experience in identifying and managing partner relationships.
  • Work experience in long- and short-term development projects (added advantage)
  • Ability to work against tight deadlines.
  • Manage and engage teams for delivery of results.

REMUNERATION

TIB Development Bank Limited is an equal opportunity employer. The bank offers an attractive remuneration package, career development opportunities and an excellent working environment.

MODE OF APPLICATION

Applications should be accompanied with: –

  • An application letter.
  • Detailed Comprehensive Curriculum Vitae (CV)
  • Certified Copies of relevant certificates and awards.
  • Indicating your contact address such as telephone number(s) and email address(s) if available.
  • Names and full addresses of (3) referees.

CLOSING DATE OF APPLICATIONS WILL BE ON MONDAY OF 19th JULY 2024

Managing Director,

TIB Development Bank,

Mlimani City Office Park,

Sam Nujoma Road, Ubungo P.O.BOX 9373,

DAR ES SALAAM.

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