Insurance Underwriting Analyst Job Vacancy in Gaborone, Botswana – Insurance & Financial Services

Job Description

Position:Insurance Underwriting Analyst

Company:Old Mutual Botswana

Location:Gaborone, Botswana

Experience:Mid-level (3-5 years)

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

Employment Type:Full-time

Industry:Insurance & Financial Services

Department:Underwriting

Vacancies:1

Company Overview

Old Mutual Botswana is a leading provider of comprehensive insurance and financial solutions across Southern Africa. With a legacy spanning over a century, the company combines deep market insight, innovative product design, and a commitment to customer centricity. Operating from its modern headquarters in Gaborone, Old Mutual Botswana serves individuals, families, and businesses with a portfolio that includes life insurance, general insurance, retirement planning, and wealth management services. The organization prides itself on fostering a culture of integrity, collaboration, and continuous learning, making it an attractive destination for professionals seeking long‑term career growth. As part of the broader Old Mutual Group, the Botswana subsidiary benefits from global expertise while maintaining a strong local presence, contributing to the economic development of Botswana and creating valuable employment opportunities. This role offers a unique chance to be part of a dynamic team that drives risk assessment excellence and supports the financial security of thousands of customers across the nation.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in evaluating risk, pricing policies, and ensuring the profitability of the underwriting portfolio. Reporting to the Underwriting Manager, the analyst will collaborate closely with brokers, agents, and actuarial teams to develop accurate risk models, conduct thorough policy reviews, and recommend appropriate coverage limits. This position is essential for maintaining Old Mutual Botswana’s reputation for sound underwriting practices and for supporting the company’s strategic objectives in the competitive insurance market. The role also contributes to the broader mission of delivering reliable insurance solutions that empower individuals and businesses in Botswana. For more information about our career opportunities, visit our main portal:

https://botswanajobsearch.com

Key Responsibilities

• Analyze applications and supporting documentation to assess risk exposure and determine appropriate premium rates.
• Develop and maintain underwriting guidelines in line with regulatory requirements and company risk appetite.
• Collaborate with actuarial teams to refine pricing models and ensure alignment with market trends.
• Prepare detailed underwriting reports and present findings to senior management for decision‑making.
• Monitor the performance of underwritten policies, identify loss trends, and recommend corrective actions.
• Provide technical support to brokers and agents, addressing queries related to policy terms and conditions.
• Participate in product development initiatives, contributing insights on risk factors and pricing strategies.
• Ensure compliance with the Botswana Financial Services Regulatory Authority (FSRA) standards.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and statistical software.
• Excellent written and verbal communication skills for effective stakeholder interaction.
• Detail‑oriented mindset with a solid understanding of insurance principles and underwriting cycles.
• Ability to interpret complex policy language and regulatory guidelines.
• Team player who can collaborate across departments and adapt to a fast‑changing environment.
• Proficiency in using underwriting platforms and CRM systems.

Education

A bachelor’s degree in Finance, Economics, Actuarial Science, Business Administration, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications or actuarial credentials are advantageous and demonstrate a commitment to the insurance profession.

Experience

The ideal candidate will have 3 to 5 years of experience in insurance underwriting, risk assessment, or a related analytical role within the financial services sector. Experience with life or general insurance lines, familiarity with Botswana’s regulatory environment, and a proven track record of delivering accurate risk evaluations are essential.

Benefits

• Competitive salary package with performance‑based bonuses.
• Comprehensive health and life insurance coverage for employees and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays in accordance with Botswana labour law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering Old Mutual’s underwriting policies, systems, and compliance standards.
• Continuous learning opportunities through internal workshops, webinars, and external courses.
• Mentorship from senior underwriters and actuarial experts.
• Access to industry conferences and networking events.

Working Environment

Old Mutual Botswana offers a modern, collaborative office environment located in the heart of Gaborone’s business district. Employees benefit from open‑plan workspaces, private meeting rooms, and state‑of‑the‑art technology that supports efficient workflow. The company promotes a healthy work‑life balance, encouraging flexible working arrangements where feasible, and fostering a culture of mutual respect and inclusivity.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through our 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 additional information on the application steps, please visit our partner site:

https://www.senegaljobsearch.com/

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, religion, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.