Insurance Underwriting Analyst Job Vacancy in Nairobi, Kenya – Insurance & Risk Management
Job Description
Position: Insurance Underwriting Analyst
Company: Old Mutual Kenya
Location: Nairobi, Kenya
Experience: 3-5 years in insurance underwriting
Education: Bachelor’s degree in Finance, Economics, or related field
Employment Type: Full-time
Industry: Insurance & Risk Management
Department: Underwriting
Salary: SSP 120,000 – 180,000 per month
Vacancies:1
Company Overview
Old Mutual Kenya is a leading financial services provider with a heritage spanning over a century across Africa. As part of the Old Mutual Group, the company offers a comprehensive suite of insurance, investment, and wealth management solutions to individuals and businesses. With a strong commitment to customer centricity, innovation, and sustainable growth, Old Mutual Kenya has built a reputation for reliability and excellence in the Kenyan market. The organization fosters a culture of continuous learning, diversity, and community engagement, making it an attractive employer for professionals seeking long‑term career development. Kenya Jobs, Jobs in Kenya, and Job Vacancy in Kenya are frequently highlighted on the company’s career portal, reflecting its dedication to creating meaningful career opportunities.
Job Overview
The Insurance Underwriting Analyst will play a pivotal role in evaluating risk, pricing policies, and supporting the underwriting team in delivering tailored 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 underwriters, actuaries, and sales teams to develop competitive products that meet the evolving needs of Kenyan customers. This role offers a unique opportunity to contribute to the growth of Old Mutual Kenya while gaining exposure to a dynamic insurance environment.
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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.
- Monitor portfolio performance and identify trends that impact profitability.
- Collaborate with actuarial teams to refine pricing models and risk assessment tools.
- Ensure compliance with Kenya Insurance Regulatory Authority (KIRA) guidelines and internal policies.
- Assist in the development of new insurance products and enhancements to existing offerings.
- Provide training and support to junior analysts and underwriting assistants.
- Maintain accurate documentation and data integrity within underwriting systems.
Required Skills
- Strong analytical and quantitative abilities with proficiency in Excel and statistical software.
- Excellent written and verbal communication skills.
- Attention to detail and ability to work under tight deadlines.
- Knowledge of Kenyan insurance regulations and market dynamics.
- Team‑player mindset with collaborative approach to problem‑solving.
- Proficiency in underwriting software platforms (e.g., Guidewire, SAP).
Education
A Bachelor’s degree in Finance, Economics, Business Administration, Actuarial Science, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications are advantageous.
Experience
Applicants should have 3 to 5 years of hands‑on experience in insurance underwriting, risk assessment, or related analytical roles within the insurance sector. Experience with commercial lines or specialty insurance is a plus.
Salary
The compensation package ranges from SSP 120,000 to SSP 180,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the remuneration structure.
Benefits
- Comprehensive health insurance for employee and dependents.
- Retirement savings plan with employer contributions.
- Paid annual leave and statutory holidays.
- Professional development allowance and support for certifications.
- Employee assistance program and wellness initiatives.
Training
- Onboarding program covering company policies, underwriting processes, and compliance.
- Continuous learning modules on advanced risk modeling and emerging insurance trends.
- Mentorship pairing with senior underwriters for skill enhancement.
Working Environment
Old Mutual Kenya offers a modern office environment in Nairobi’s central business district, equipped with collaborative workspaces, state‑of‑the‑art technology, and flexible work arrangements. The culture emphasizes integrity, innovation, and a balanced work‑life approach.
Application Process
Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the Old Mutual Kenya careers portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.
Equal Opportunity Statement
Old Mutual Kenya 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 sexual orientation. Kenya Jobs, Jobs in Kenya, and Career Opportunities in Kenya are open to all qualified applicants.
