Insurance Underwriting Analyst Job Vacancy in Kasungu, Malawi – Insurance & Financial Services

Job Description

Position: Insurance Underwriting Analyst

Company: Old Mutual Malawi

Location: Kasungu, Malawi

Experience: 3-5 years in insurance underwriting or risk assessment

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

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: SSP 1,200,000 – SSP 1,800,000 per annum

Vacancies:1

Company Overview

Old Mutual Malawi is a leading provider of insurance and financial solutions across Southern Africa. With a strong heritage of over a century, the company delivers life, health, and general insurance products tailored to the needs of individuals, families, and businesses. Operating from its headquarters in Blantyre and regional offices such as Kasungu, Old Mutual Malawi is committed to fostering financial inclusion, supporting community development, and driving sustainable growth. As part of a global brand, the firm offers a dynamic work environment where innovation, integrity, and customer focus are core values. Join a team that is recognized for excellence and contributes to the economic resilience of Malawi, making it an attractive destination for professionals seeking meaningful career opportunities.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in assessing risk, pricing policies, and supporting the underwriting team to deliver competitive insurance solutions. This position involves detailed analysis of client data, market trends, and regulatory requirements to ensure profitable and compliant underwriting decisions. The analyst will collaborate closely with sales, actuarial, and claims departments to maintain high service standards. As part of Old Mutual Malawi’s commitment to talent development, the role offers exposure to advanced underwriting tools and continuous learning opportunities. For more information about our organization and other career opportunities, visit https://malawijobsearch.com/. This posting is part of our ongoing effort to attract top talent for Malawi Jobs and contribute to the vibrant Jobs in Malawi market.

Key Responsibilities

• Analyze client applications, financial statements, and risk factors to determine appropriate coverage and pricing.
• Prepare detailed underwriting reports and recommendations for senior underwriters and management.
• Monitor portfolio performance, identify emerging risks, and suggest mitigation strategies.
• Collaborate with sales teams to develop tailored insurance solutions that meet client needs while maintaining profitability.
• Ensure compliance with local insurance regulations and internal underwriting guidelines.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and underwriting software.
• Excellent written and verbal communication skills for clear reporting and stakeholder interaction.
• Attention to detail and ability to work under tight deadlines.
• Knowledge of Malawian insurance regulations and market dynamics.
• Team‑oriented mindset with collaborative problem‑solving approach.

Education

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

Experience

Candidates should have 3 to 5 years of hands‑on experience in insurance underwriting, risk assessment, or a closely related field. Experience within the Malawian or broader Southern African insurance market is highly valued.

Salary

The role offers a competitive salary range of SSP 1,200,000 to SSP 1,800,000 per annum, commensurate with experience and qualifications. Performance‑based bonuses and incentives 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.
• Employee assistance program and wellness initiatives.

Training

• On‑the‑job training with senior underwriters and access to industry‑leading underwriting platforms.
• Continuous professional development courses and support for relevant certifications.
• Regular workshops on regulatory updates and market trends.

Working Environment

Based in our modern Kasungu office, the analyst will enjoy a collaborative workspace equipped with the latest technology. Old Mutual Malawi promotes a culture of respect, diversity, and work‑life balance, encouraging employees to contribute ideas and grow professionally.

Application Process

Interested candidates should submit an online application through our careers portal, attaching a current CV and a cover letter outlining relevant experience. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. Please ensure all documents are in PDF format.

Equal Opportunity Statement

Old Mutual Malawi is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, or disability. Our hiring practices support the principles of fair employment and aim to provide equal access to career opportunities in Malawi.