Insurance Underwriting Analyst Job Vacancy in Karasburg, Namibia – Insurance

Job Description

Position: Insurance Underwriting Analyst

Company: Old Mutual Namibia

Location: Karasburg, Namibia

Experience: 3-5 years of experience 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 150,000 – SSP 250,000 per month

Vacancies:1

Company Overview

Old Mutual Namibia is a leading financial services provider with a strong heritage of over a century in Africa. Operating across the country, the company offers a comprehensive suite of insurance, investment, and retirement solutions tailored to individuals, families, and businesses. With a commitment to innovation, customer centricity, and community development, Old Mutual Namibia has built a reputation for reliability and trust. The firm’s presence in Karasburg supports regional growth, providing essential insurance products that protect agricultural enterprises, small‑medium businesses, and households. As part of its strategic expansion, Old Mutual Namibia continuously seeks talented professionals who can contribute to its mission of securing financial futures for Namibians. This role offers a unique opportunity to join a dynamic team, engage with a diverse client base, and advance your career within a respected international brand.

Job Overview

The Insurance Underwriting Analyst will be responsible for evaluating risk, pricing policies, and ensuring compliance with regulatory standards. Working closely with senior underwriters, brokers, and actuarial teams, the analyst will assess applications, conduct market research, and develop underwriting guidelines that align with Old Mutual’s risk appetite. This position plays a pivotal role in maintaining the profitability and sustainability of the insurance portfolio while delivering exceptional service to clients. For more information about Old Mutual Namibia and its career opportunities, visit the main website at https://namibiajobsearch.com/. The role is central to the company’s growth strategy in the Karasburg region and contributes directly to the broader objectives of the insurance sector in Namibia.

Key Responsibilities

• Analyze insurance applications, financial statements, and risk factors to determine appropriate coverage and pricing.
• Develop and maintain underwriting guidelines, ensuring they reflect current market trends and regulatory requirements.
• Collaborate with brokers and agents to gather necessary documentation and clarify policy terms.
• Prepare detailed underwriting reports and present recommendations to senior underwriters.
• Monitor portfolio performance, identify emerging risks, and propose mitigation strategies.
• Assist in the development of new insurance products tailored to the Namibian market.
• Ensure compliance with the Namibia Financial Institutions Supervisory Authority (NAMFISA) standards.

Required Skills

• Strong analytical and quantitative abilities with attention to detail.
• Excellent written and verbal communication skills.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to interpret complex financial data and assess risk exposure.
• Customer‑focused mindset with strong negotiation skills.
• Team player who can work independently when required.

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 advantageous but not mandatory.

Experience

Applicants should have 3‑5 years of hands‑on experience in insurance underwriting, risk assessment, or a related field within the insurance industry. Experience in the Namibian market or familiarity with local regulatory frameworks will be considered a strong asset.

Salary

The compensation package ranges from SSP 150,000 to SSP 250,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses and a comprehensive benefits suite.

Benefits

• Medical and dental coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Life insurance and disability coverage.
• Employee assistance program.

Training

• On‑boarding program covering company policies, underwriting systems, and compliance.
• Continuous professional development through workshops, seminars, and CII certification support.
• Mentorship from senior underwriters and access to industry conferences.

Working Environment

The role is based in the modern Old Mutual office in Karasburg, offering a collaborative and inclusive workspace. Employees benefit from flexible working arrangements, a culture that values innovation, and a supportive leadership team dedicated to employee growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the Old Mutual Namibia careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview.

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.