Insurance Underwriting Analyst Job Vacancy in Mchinji, Malawi – Insurance

Job Description

Position:Insurance Underwriting Analyst

Company:Old Mutual Malawi

Location:Mchinji, Malawi

Experience:3-5 years in insurance underwriting or related field

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

Employment Type:Full-time

Industry:Insurance

Department:Underwriting

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

Vacancies:1

Company Overview

Old Mutual Malawi is a leading financial services provider with a strong heritage of delivering comprehensive insurance solutions across the African continent. With a commitment to customer centricity, innovation, and sustainable growth, Old Mutual Malawi serves individuals, families, and businesses throughout the nation. The company’s robust portfolio includes life, health, and general insurance products, as well as investment and retirement solutions. As part of a global brand, Old Mutual Malawi adheres to international best practices while tailoring services to the unique needs of the Malawian market. The organization prides itself on fostering a culture of integrity, professional development, and community engagement, making it an attractive employer for ambitious talent seeking long‑term career growth.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in assessing risk, pricing policies, and supporting the underwriting team to ensure profitable and compliant insurance solutions. This position offers an excellent opportunity to work within a dynamic team, leveraging analytical tools and market insights to drive business performance. Candidates will collaborate closely with actuaries, sales, and claims departments to develop accurate risk profiles and maintain high standards of underwriting excellence. For more information about Old Mutual Malawi and its career opportunities, visit https://malawijobsearch.com/.

Key Responsibilities

• Analyze insurance applications, financial statements, and risk data to determine appropriate coverage and pricing.
• Prepare detailed underwriting reports and recommendations for senior underwriters and management.
• Collaborate with sales teams to develop tailored insurance solutions that meet client needs while maintaining profitability.
• Monitor portfolio performance, identify emerging risk trends, and suggest adjustments to underwriting guidelines.
• Ensure compliance with regulatory requirements and internal policies throughout the underwriting process.
• Maintain accurate records in underwriting systems and contribute to continuous improvement initiatives.

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 assess complex risk factors.
• Knowledge of Malawian insurance regulations and market dynamics.
• Team‑oriented mindset with the capacity to work independently when required.
• Problem‑solving orientation and proactive approach to risk management.

Education

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

Experience

Applicants should possess 3‑5 years of relevant experience in insurance underwriting, risk assessment, or a closely related field. Experience within the Malawian insurance market or broader African context is highly valued.

Salary

The successful candidate will receive a competitive annual salary ranging from SSP 1,200,000 to SSP 1,800,000, commensurate with experience and qualifications. Performance‑based bonuses may also be offered.

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.
• Professional development allowance and support for certifications.
• Employee assistance program and wellness initiatives.

Training

• Structured onboarding program covering underwriting policies, systems, and compliance.
• Ongoing technical training in risk modeling, data analytics, and regulatory updates.
• Mentorship from senior underwriters and access to industry conferences.

Working Environment

Old Mutual Malawi offers a collaborative office environment located in the heart of Mchinji, equipped with modern workstations, reliable internet connectivity, and meeting spaces designed for teamwork. The company promotes a healthy work‑life balance, encouraging flexible working arrangements where feasible.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online portal on the Old Mutual Malawi careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

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, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment.