Insurance Underwriting Analyst Job Vacancy in Lobatse, Botswana – Insurance

Job Description

Position: Insurance Underwriting Analyst

Company: Old Mutual Botswana

Location: Lobatse, Botswana

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

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

Salary: SSP 250,000 – 350,000 per annum

Vacancies:1

Company Overview

Old Mutual Botswana is a leading provider of comprehensive insurance solutions across Southern Africa, delivering innovative products that protect individuals, families, and businesses. With a strong heritage of financial stability and customer‑centric service, the company has built a reputation for excellence in risk management, life, health, and general insurance. Operating from its headquarters in Gaborone and regional offices including Lobatse, Old Mutual Botswana contributes significantly to the nation’s economic development and offers rewarding career pathways for professionals seeking growth in the insurance sector. As part of a global brand, the company embraces diversity, technology, and sustainable practices, making it an attractive employer for ambitious talent looking for long‑term career opportunities in Botswana.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in evaluating risk, pricing policies, and supporting the underwriting team to ensure profitable and compliant insurance solutions. This position involves detailed analysis of applications, collaboration with agents, and the use of advanced underwriting tools to maintain high standards of risk assessment. The role is based in Lobatse, offering a dynamic work environment that encourages innovation and professional development. Candidates will have the chance to contribute to the company’s growth while gaining exposure to a broad portfolio of insurance products. For more information about the company and its values, visit Botswana Job Search.

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.
• Collaborate with sales agents and brokers to gather necessary documentation and clarify policy terms.
• Maintain compliance with regulatory standards and internal underwriting guidelines.
• Utilize underwriting software and predictive analytics tools to enhance decision‑making efficiency.
• Monitor portfolio performance and identify trends that may affect risk exposure.
• Participate in product development meetings to provide insights on emerging risks.
• Assist in training junior analysts and support staff on underwriting best practices.

Required Skills

• Strong analytical and quantitative abilities with attention to detail.
• Excellent written and verbal communication skills.
• Proficiency in underwriting software, Excel, and data visualization tools.
• Ability to interpret financial statements and assess credit risk.
• Knowledge of Botswana insurance regulations and market dynamics.
• Effective time management and ability to prioritize multiple tasks.
• Team‑oriented mindset with collaborative problem‑solving skills.

Education

A Bachelor’s degree in Finance, Business Administration, Economics, Actuarial Science, or a related discipline is required. Professional certifications such as Chartered Insurance Professional (CIP) or equivalent are advantageous.

Experience

Applicants should possess 3 to 5 years of experience in insurance underwriting, risk assessment, or a related analytical role within the insurance industry. Experience with commercial lines, property & casualty, or life insurance is beneficial.

Salary

The position offers a competitive salary range of SSP 250,000 to 350,000 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.
• Retirement savings plan with employer contributions.
• Paid annual leave and statutory holidays.
• Professional development allowance.
• Employee assistance program.
• Flexible working arrangements where applicable.

Training

• On‑boarding program covering company policies, underwriting systems, and regulatory compliance.
• Continuous learning opportunities through workshops, webinars, and industry conferences.
• Mentorship from senior underwriters to accelerate skill development.
• Access to online courses for advanced risk analytics and insurance technology.

Working Environment

Old Mutual Botswana provides a collaborative office setting in Lobatse equipped with modern technology and comfortable workspaces. The culture promotes inclusivity, innovation, and a strong work‑life balance, encouraging employees to contribute ideas and grow professionally.

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 company’s careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

Equal Opportunity Statement

Old Mutual Botswana is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, disability, religion, or sexual orientation. We encourage qualified individuals from all backgrounds to apply for this position.