Senior Insurance Underwriting Manager Job Vacancy in Mwense, Zambia – Insurance
Job Description
Position: Senior Insurance Underwriting Manager
Company: Old Mutual Zambia
Location: Mwense, Zambia
Experience: 10+ years in insurance underwriting, preferably in commercial lines
Education: Bachelor’s degree in Finance, Business Administration, Risk Management or related field
Employment Type: Full-time
Industry: Insurance
Department: Underwriting
Salary: SSP 250,000 – SSP 350,000 per month
Vacancies:1
Company Overview
Old Mutual Zambia is a leading provider of comprehensive insurance solutions across the Southern African region. With a legacy spanning over a century, the company delivers life, health, and general insurance products that protect individuals, families, and businesses. Operating under the global Old Mutual brand, the Zambian subsidiary combines international best practices with deep local market insight, fostering financial security and resilience for its customers. The organization is committed to sustainable growth, digital transformation, and community development, making it an attractive employer for professionals seeking a dynamic and purpose‑driven career. As part of its expansion strategy, Old Mutual Zambia is strengthening its underwriting capabilities to meet the evolving risk landscape in Zambia and the broader SADC market.
Job Overview
The Senior Insurance Underwriting Manager will lead the underwriting team in assessing, pricing, and managing commercial insurance risks. Reporting directly to the Head of Underwriting, this role is pivotal in shaping underwriting policies, driving profitability, and ensuring compliance with regulatory standards set by the Insurance Authority of Zambia. The successful candidate will collaborate with sales, actuarial, claims, and risk management functions to develop innovative solutions that align with market demands while safeguarding the company’s risk appetite. This position offers a unique opportunity to influence the strategic direction of Old Mutual’s commercial portfolio and to mentor a high‑performing team of underwriters.
Key Responsibilities
- Develop and implement underwriting guidelines for commercial lines, including property, liability, marine, and engineering risks.
- Lead a team of underwriters, providing coaching, performance feedback, and professional development plans.
- Analyze complex risk submissions, conduct profitability assessments, and determine appropriate pricing structures.
- Collaborate with the actuarial department to refine rating models and ensure accurate risk pricing.
- Monitor portfolio performance, identify emerging trends, and recommend corrective actions to maintain target loss ratios.
- Ensure compliance with the Insurance Act, local regulations, and internal risk management policies.
- Represent Old Mutual in industry forums, client meetings, and regulatory discussions to promote the brand and gather market intelligence.
- Drive digital underwriting initiatives, leveraging data analytics and automation tools to improve efficiency.
Required Skills
- Strong analytical and quantitative abilities with a solid grasp of actuarial concepts.
- Excellent negotiation and communication skills for interfacing with brokers, clients, and senior management.
- Proficiency in underwriting software platforms and Microsoft Office Suite, especially Excel.
- Leadership experience with a track record of building and motivating high‑performing teams.
- Strategic thinking and the ability to translate market insights into actionable underwriting policies.
- Knowledge of Zambian insurance regulations and international best practices.
Education
A bachelor’s degree in Finance, Business Administration, Risk Management, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications, ACII, or equivalent are highly desirable.
Experience
Minimum of ten years of progressive experience in commercial insurance underwriting, with at least three years in a supervisory or managerial capacity. Experience within the Southern African market, particularly Zambia, is preferred.
Salary
The role offers a competitive salary range of SSP 250,000 to SSP 350,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and long‑term incentive schemes are also part of the remuneration package.
Benefits
- Comprehensive health and life insurance coverage for employee and dependents.
- Retirement savings plan with employer contributions.
- Paid annual leave, sick leave, and public holidays in accordance with Zambian labor law.
- Company‑sponsored mobile device and data allowance.
- Employee assistance program and wellness initiatives.
Training
- Access to Old Mutual’s global learning platform for continuous professional development.
- Support for obtaining CII or other relevant professional certifications.
- Regular internal workshops on emerging risks, regulatory updates, and digital underwriting tools.
Working Environment
Based in a modern office in Mwense, the role offers a collaborative atmosphere with open‑plan workspaces, meeting rooms equipped with video‑conferencing technology, and a supportive culture that values innovation and work‑life balance. Employees benefit from flexible working arrangements and a safe, inclusive workplace that adheres to the highest health and safety standards.
Application Process
Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the Old Mutual careers portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment center in Lusaka.
https://zimbabwejobsearch.com/job-vacancy-in-zimbabwe/
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.
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