Insurance Underwriting Specialist Job Vacancy in Karasburg, Namibia – Insurance

Job Description

Position: Insurance Underwriting Specialist

Company: Old Mutual Namibia

Location: Karasburg, Namibia

Experience: 3-5 years in insurance underwriting or risk assessment

Education: Bachelor’s degree in Finance, Business Administration, or related field

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

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

Vacancies:1

Company Overview

Old Mutual Namibia is a leading provider of comprehensive insurance solutions across Southern Africa, renowned for its commitment to financial security and customer centricity. With a heritage spanning over a century, the company delivers life, health, and general insurance products that protect individuals, families, and businesses. Operating from a network of branches and digital platforms, Old Mutual Namibia plays a pivotal role in the Namibian economy, fostering trust and resilience among its policyholders. As part of its strategic growth, the firm continuously invests in talent, technology, and community initiatives, making it an attractive destination for professionals seeking meaningful career opportunities in Namibia Jobs.

Job Overview

The Insurance Underwriting Specialist will join the Underwriting Department in Karasburg, contributing to the assessment, pricing, and approval of insurance policies. This role is essential for maintaining underwriting standards, managing risk exposure, and ensuring profitability while delivering exceptional service to clients. The specialist will collaborate with agents, actuaries, and claims teams to develop tailored solutions that meet market demands. Candidates will be part of a dynamic environment that values analytical rigor, ethical decision‑making, and continuous improvement. For more information about Old Mutual Namibia and its career pathways, visit https://namibiajobsearch.com/.

Key Responsibilities

• Evaluate insurance applications, conduct risk assessments, and determine appropriate coverage limits.
• Analyze financial statements, credit reports, and actuarial data to support underwriting decisions.
• Prepare detailed underwriting reports and recommendations for senior management review.
• Collaborate with sales agents to develop competitive proposals that align with client needs.
• Monitor portfolio performance, identify emerging risks, and recommend corrective actions.
• Ensure compliance with regulatory requirements and internal underwriting guidelines.
• Participate in product development meetings to provide insights on risk trends.
• Maintain accurate records in underwriting systems and contribute to data quality initiatives.

Required Skills

• Strong analytical and quantitative abilities with attention to detail.
• Excellent communication skills for interacting with clients and internal stakeholders.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to interpret complex policy wording and legal documents.
• Sound judgment and ethical decision‑making under pressure.
• Team‑oriented mindset with collaborative problem‑solving skills.

Education

A bachelor’s degree in Finance, Business Administration, Economics, or a related discipline is required. Professional certifications such as Chartered Insurance Professional (CIP) or equivalent are advantageous.

Experience

Applicants should possess three to five years of experience in insurance underwriting, risk assessment, or a closely related field. Experience within the Namibian insurance market or Southern African region is highly valued.

Salary

The position offers a competitive salary range of SSP 250,000 to SSP 350,000 per annum, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the remuneration package.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Professional development allowance.
• Employee assistance program.

Training

• On‑boarding program covering company policies, underwriting standards, and systems.
• Continuous learning opportunities through workshops, webinars, and industry conferences.
• Mentorship from senior underwriters to accelerate skill development.

Working Environment

The Karasburg office provides a modern, collaborative workspace equipped with the latest technology. Employees enjoy a supportive culture that encourages innovation, work‑life balance, and community involvement. The role may involve occasional travel to client sites and regional offices.

Application Process

Interested candidates should submit an online application through the Old Mutual Namibia careers portal, attaching a current CV and a cover letter outlining relevant experience. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

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. Our hiring practices reflect our dedication to fairness and respect in the workplace.