Insurance Underwriting Analyst Job Vacancy in Monze, Zambia – Insurance

Job Description

Position:Insurance Underwriting Analyst

Company:Old Mutual Zambia

Location:Monze, Zambia

Experience:3-5 years

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

Employment Type:Full-time

Industry:Insurance

Department:Underwriting

Vacancies:1

Company Overview

Old Mutual Zambia is a leading provider of comprehensive insurance solutions across the Southern African region. With a legacy of more than a century, the company delivers life, health, and general insurance products that protect individuals, families, and businesses. Operating under the globally recognized Old Mutual brand, the Zambian subsidiary combines international expertise with deep local market insight, ensuring that customers receive tailored coverage and exceptional service. As part of its commitment to growth and innovation, Old Mutual Zambia continuously invests in talent development, digital transformation, and community outreach, making it an employer of choice for professionals seeking rewarding careers in the insurance sector. The company’s strong financial stability, ethical standards, and customer‑centric culture create a dynamic environment where employees can thrive while contributing to the nation’s economic development. This role offers a unique opportunity to join a forward‑thinking team that is shaping the future of insurance in Zambia and supporting the broader goal of financial inclusion.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in assessing risk, pricing policies, and supporting the underwriting team to deliver profitable and sustainable insurance solutions. Reporting to the Underwriting Manager, the analyst will evaluate applications, conduct financial analysis, and collaborate with brokers and agents to ensure accurate risk classification. This position is essential for maintaining the integrity of the underwriting process, enhancing portfolio performance, and upholding regulatory compliance. The successful candidate will work closely with actuarial, claims, and sales departments to provide data‑driven insights that drive strategic decision‑making. For more information about career opportunities in Zambia, visit our partner portal at https://zambiajobssearch.com.

Key Responsibilities

• Analyze insurance applications, financial statements, and credit reports to assess risk exposure.
• Prepare detailed underwriting reports, including risk ratings, pricing recommendations, and policy terms.
• Collaborate with brokers, agents, and clients to gather necessary documentation and clarify underwriting requirements.
• Maintain underwriting guidelines and ensure adherence to regulatory standards set by the Insurance Authority of Zambia.
• Support the development of new insurance products by providing market and risk analysis.
• Monitor portfolio performance, identify trends, and recommend adjustments to pricing models.
• Assist in the preparation of quarterly underwriting reviews and presentations for senior management.
• Utilize underwriting software and data analytics tools to streamline processes and improve accuracy.

Required Skills

• Strong analytical and quantitative skills with the ability to interpret complex financial data.
• Excellent written and verbal communication skills for interacting with internal teams and external partners.
• Proficiency in Microsoft Excel, underwriting platforms, and data visualization tools.
• Attention to detail and a methodical approach to risk assessment.
• Ability to work independently and as part of a cross‑functional team.
• Knowledge of Zambian insurance regulations and industry best practices.
• Problem‑solving mindset with a focus on continuous improvement.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, Actuarial Science, or a related discipline is required. Professional certifications such as Chartered Insurance Analyst (CIA) or equivalent are advantageous but not mandatory.

Experience

The ideal candidate will have 3 to 5 years of experience in insurance underwriting, risk analysis, or a related financial services role. Experience within the Zambian market or broader Southern African insurance landscape is highly valued.

Benefits

• Competitive salary package with performance‑based bonuses.
• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and statutory holidays.
• Employee assistance program and wellness initiatives.
• Opportunities for career progression within a regional insurance leader.

Training

• On‑boarding program covering company policies, underwriting systems, and regulatory compliance.
• Continuous professional development through workshops, webinars, and industry conferences.
• Access to online learning platforms for skill enhancement in data analytics and risk modeling.

For additional regional career resources, explore https://kenyajobsearch.com/job-vacancy-in-kenya/.

Working Environment

Old Mutual Zambia offers a collaborative and inclusive workplace where innovation is encouraged. The underwriting team operates in a modern office environment equipped with the latest technology, fostering efficient workflow and knowledge sharing. Employees benefit from a culture that values integrity, accountability, and respect for diversity, ensuring a supportive atmosphere for personal and professional growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal. Applications will be reviewed by the recruitment team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment. For further guidance on applying to insurance roles across Africa, refer to https://nigeriajobsearch.com/.

Equal Opportunity Statement

Old Mutual Zambia 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.