Underwriting Manager Job Vacancy in Karasburg, Namibia – Insurance

Job Description

Position: Underwriting Manager

Company: Old Mutual Namibia

Location: Karasburg, Namibia

Experience: 5-7 years in insurance underwriting

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 has been a cornerstone of the financial services landscape in Namibia for over six decades, delivering innovative insurance solutions, wealth management, and retirement planning to individuals and businesses across the country. As a subsidiary of the globally recognized Old Mutual Group, the company combines international expertise with deep local insight, ensuring that its products are tailored to the unique needs of Namibian customers. The firm’s commitment to sustainable growth, ethical practices, and community development has earned it a reputation as a trusted partner in the nation’s economic progress.

Operating from a network of branches and digital platforms, Old Mutual Namibia serves a diverse client base ranging from rural farmers to urban entrepreneurs, providing comprehensive coverage options that protect assets, health, and future financial security. The company’s strategic focus on digital transformation, customer-centric innovation, and robust risk management positions it as a leader in the insurance sector, continually adapting to evolving market dynamics and regulatory environments.

With a strong emphasis on employee development, Old Mutual Namibia invests heavily in training programs, mentorship, and career progression pathways, fostering a culture of excellence, collaboration, and integrity. The organization’s inclusive workplace encourages diversity of thought, empowering staff to contribute ideas that drive business success and societal impact. As part of its corporate social responsibility, Old Mutual Namibia supports community initiatives in education, health, and environmental stewardship, reinforcing its role as a responsible corporate citizen.

For professionals seeking meaningful career opportunities, Old Mutual Namibia offers a dynamic environment where talent is recognized, and ambition is rewarded. The company’s robust performance, solid market position, and forward‑looking strategies make it an attractive destination for individuals aiming to shape the future of insurance in Namibia and beyond.

Job Overview

The Underwriting Manager will lead the underwriting team in Karasburg, overseeing the assessment, pricing, and approval of insurance policies across multiple lines, including life, health, and general insurance. This role is pivotal in balancing risk and profitability while ensuring compliance with regulatory standards and internal guidelines. The successful candidate will collaborate closely with actuarial, claims, sales, and product development teams to design competitive products that meet market demand and align with Old Mutual’s strategic objectives.

In this position, you will be responsible for developing underwriting policies, implementing risk assessment frameworks, and mentoring junior underwriters to enhance their technical capabilities. You will also drive continuous improvement initiatives, leveraging data analytics to refine pricing models and improve loss ratios. By fostering strong relationships with brokers, agents, and corporate clients, the Underwriting Manager will contribute to the growth of the company’s portfolio and reinforce its reputation for reliability and excellence.

Old Mutual Namibia is actively Hiring in Namibia for top talent who are passionate about insurance, possess strong analytical skills, and thrive in a collaborative environment. This role offers a unique platform to influence underwriting strategy, shape product offerings, and make a tangible impact on the financial security of individuals and businesses across Namibia. As part of our commitment to career development, the Underwriting Manager will have access to advanced training, industry certifications, and leadership development programs, positioning you for long‑term success within the organization.

Key Responsibilities

• Lead and manage the underwriting team, setting performance targets and providing coaching.
• Develop and enforce underwriting guidelines, ensuring consistency and regulatory compliance.
• Assess risk profiles, determine appropriate pricing, and approve or decline applications.
• Collaborate with actuarial and product teams to design competitive insurance products.
• Utilize data analytics to monitor loss ratios, identify trends, and implement corrective actions.
• Maintain strong relationships with brokers, agents, and corporate clients to support business growth.
• Prepare regular underwriting reports for senior management and regulatory bodies.
• Drive continuous improvement initiatives to enhance underwriting efficiency and accuracy.

Required Skills

• Strong analytical and quantitative abilities with a solid understanding of insurance risk assessment.
• Excellent leadership and team management skills.
• Proficiency in underwriting software and data analysis tools.
• Effective communication and negotiation skills.
• Ability to interpret regulatory requirements and ensure compliance.
• Strategic thinking with a focus on profitability and market competitiveness.

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

Minimum of 5‑7 years of underwriting experience in the insurance industry, with at least 2 years in a supervisory or managerial role. Experience in multi‑line underwriting and familiarity with Namibian insurance regulations are essential.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health benefits, and retirement contributions.

Benefits

• Comprehensive medical and dental coverage.
• Pension scheme with employer contributions.
• Annual performance bonus.
• Professional development allowance.
• Flexible working arrangements.

Training

• On‑boarding program covering company policies, systems, and compliance.
• Continuous professional development courses and industry certifications.
• Leadership development workshops and mentorship programs.

Working Environment

The role is based in our modern Karasburg office, offering a collaborative workspace equipped with the latest technology. Employees enjoy a supportive culture that values work‑life balance, diversity, and innovation. Regular team events and community outreach activities foster a sense of belonging and purpose.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining relevant experience through the online portal on our website. 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. All qualified applicants will receive consideration for employment without discrimination.