Risk Management Analyst Job Vacancy in Swakopmund, Namibia – Insurance

Job Description

Position: Risk Management Analyst

Company: Old Mutual Namibia

Location: Swakopmund, Namibia

Experience: 3-5 years in risk analysis, insurance sector preferred

Education: Bachelor’s degree in Finance, Economics, Actuarial Science or related field

Employment Type: Full-time

Industry: Insurance

Department: Risk Management

Salary: SSP 250,000 – 350,000 per month

Vacancies:1

Company Overview

Old Mutual Namibia is a leading financial services provider with a strong heritage in insurance, investment, and wealth management across Southern Africa. With a commitment to sustainable growth and community development, the company has built a reputation for delivering innovative risk solutions tailored to the unique needs of individuals and businesses in Namibia. Operating from its headquarters in Windhoek and regional offices including Swakopmund, Old Mutual Namibia offers a dynamic workplace where professional development, ethical standards, and customer focus are at the core of its operations. As part of its strategic expansion, the firm is actively seeking talented professionals to strengthen its risk management capabilities, contributing to the broader goal of safeguarding assets and promoting financial resilience throughout the nation. This role presents a prime opportunity for candidates looking to advance their careers within a reputable organization that values diversity, integrity, and forward‑thinking solutions. The position aligns with the growing demand for skilled risk analysts in the insurance sector, making it a pivotal addition to the company’s talent pool.

Job Overview

The Risk Management Analyst will play a critical role in identifying, assessing, and mitigating risks associated with Old Mutual Namibia’s insurance products and services. Reporting to the Head of Risk Management, the analyst will collaborate with underwriting, actuarial, and compliance teams to develop robust risk models, conduct scenario analyses, and support decision‑making processes that protect the company’s financial stability. This position offers exposure to a wide range of insurance lines, including life, health, and general insurance, and provides a platform to influence risk strategies that align with regulatory requirements and market dynamics. Candidates will have the chance to work in a supportive environment that encourages continuous learning and professional growth. For more information about the company and its values, visit https://namibiajobsearch.com/. The role is essential for maintaining the high standards of risk governance that underpin Old Mutual Namibia’s success and its commitment to delivering reliable insurance solutions across Namibia.

Key Responsibilities

• Conduct quantitative and qualitative risk assessments for existing and new insurance products.
• Develop and maintain risk models, including probability of loss, exposure analysis, and capital adequacy calculations.
• Collaborate with underwriting and actuarial teams to integrate risk insights into pricing and policy design.
• Monitor emerging risks, regulatory changes, and market trends that could impact the company’s risk profile.
• Prepare comprehensive risk reports and dashboards for senior management and the board of directors.
• Assist in the development of risk mitigation strategies, including reinsurance arrangements and policy adjustments.
• Participate in internal audit and compliance reviews to ensure adherence to risk policies.
• Support the implementation of enterprise risk management (ERM) frameworks and tools.

Required Skills

• Strong analytical and statistical skills with proficiency in Excel, SQL, and risk modeling software.
• Excellent written and verbal communication abilities for presenting complex risk concepts to non‑technical stakeholders.
• Attention to detail and a methodical approach to data analysis and reporting.
• Ability to work collaboratively across multidisciplinary teams and manage multiple priorities.
• Knowledge of insurance regulations and industry best practices in risk management.
• Problem‑solving mindset with a proactive attitude toward identifying risk mitigation opportunities.

Education

A minimum of a bachelor’s degree in Finance, Economics, Actuarial Science, Mathematics, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager) or actuarial qualifications are advantageous and demonstrate a commitment to the field.

Experience

Applicants should possess 3 to 5 years of relevant experience in risk analysis, preferably within the insurance sector or a financial services environment. Experience with risk modeling, data analytics, and regulatory compliance will be highly valued.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses and a comprehensive benefits suite.

Benefits

• Health and medical insurance coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays in accordance with Namibian labor law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering company policies, risk management frameworks, and insurance product knowledge.
• Access to internal and external workshops on advanced risk modeling techniques.
• Mentorship from senior risk professionals and actuarial experts.
• Opportunities to attend industry conferences and seminars.

Working Environment

Old Mutual Namibia offers a collaborative and inclusive workplace located in Swakopmund’s business district, featuring modern office facilities, flexible working arrangements, and a culture that encourages innovation. Employees benefit from a supportive team atmosphere, regular knowledge‑sharing sessions, and a clear pathway for career progression within the organization.

Application Process

Interested candidates should submit their application through the online portal on the Old Mutual Namibia careers page. The application must include a current resume, a cover letter outlining relevant experience, and copies of academic qualifications. Shortlisted applicants will be invited to complete a technical assessment followed by interviews with the Risk Management team and senior leadership.

Equal Opportunity Statement

Old Mutual Namibia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.