Insurance Underwriter Job Vacancy in Walvis Bay, Namibia – Insurance & Financial Services

Job Description

Position: Insurance Underwriter

Company: Old Mutual Namibia

Location: Walvis Bay, Namibia

Experience: 5+ years in insurance underwriting

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

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: SSP 250,000 – 400,000 per annum

Vacancies:1

Company Overview

Old Mutual Namibia is a leading provider of comprehensive insurance and financial solutions across Southern Africa. With a legacy spanning over a century, the company delivers innovative products that protect individuals, families, and businesses. Operating under the global Old Mutual brand, the Namibian subsidiary combines international expertise with deep local market insight, fostering trust and stability for its customers. As a major employer, Old Mutual Namibia contributes to the economic growth of Namibia by creating sustainable career opportunities and supporting community development initiatives. The organization’s commitment to diversity, ethical conduct, and continuous improvement makes it an attractive destination for professionals seeking long‑term growth in the insurance sector.

Job Overview

The Insurance Underwriter will play a pivotal role in assessing risk, pricing policies, and ensuring profitable underwriting outcomes for property and casualty lines. Reporting to the Head of Underwriting, the successful candidate will collaborate with brokers, actuaries, and claims teams to develop tailored solutions that meet client needs while aligning with the company’s risk appetite. This position offers exposure to a dynamic portfolio of commercial and personal insurance products, providing a platform to influence underwriting strategy and drive business growth. For more information about our corporate culture and values, visit our main website https://namibiajobsearch.com.

Key Responsibilities

• Evaluate insurance applications and related documentation to determine risk exposure and appropriate premium rates.
• Develop and negotiate terms, conditions, and endorsements for property, motor, and liability policies.
• Collaborate with brokers and agents to provide expert guidance on coverage options and risk mitigation strategies.
• Maintain accurate underwriting files and ensure compliance with regulatory standards and internal policies.
• Monitor portfolio performance, identify trends, and recommend adjustments to pricing models.
• Participate in product development meetings to introduce innovative underwriting solutions.
• Prepare detailed underwriting reports for senior management and actuarial review.

Required Skills

• Strong analytical abilities with a keen eye for detail.
• Excellent communication and negotiation skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to interpret complex policy wording and legal documents.
• Sound judgment in risk assessment and decision‑making.
• Team‑oriented mindset with the capacity to work independently.

Education

A Bachelor’s degree in Finance, Business Administration, Economics, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications are highly regarded and may enhance candidacy.

Experience

Applicants must possess a minimum of five years of hands‑on underwriting experience, preferably within the property and casualty sector. Experience with commercial lines, exposure to the Namibian regulatory environment, and a proven track record of profitable portfolio management are essential.

Salary

The role offers a competitive annual salary ranging from SSP 250,000 to SSP 400,000, 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 statutory holidays.
• Professional development allowance.
• Employee assistance program.
• Flexible working arrangements where applicable.

Training

• On‑boarding program covering company policies, systems, and underwriting guidelines.
• Continuous learning opportunities through workshops, webinars, and industry conferences.
• Mentorship from senior underwriters and actuarial experts.
• Access to online training platforms for CII and other relevant certifications.

Working Environment

Based in the vibrant coastal city of Walvis Bay, the role offers a modern office setting equipped with state‑of‑the‑art technology. Employees benefit from a collaborative culture that encourages knowledge sharing and innovation. The office is located near key transport links, providing easy access to the city’s amenities and recreational options.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on our careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview. For additional career resources and to explore other opportunities, visit https://www.zambiajobssearch.com/.

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.