Insurance Underwriting Specialist Job Vacancy in Mokhotlong, Lesotho – Insurance

Job Description

Position:Insurance Underwriting Specialist

Company:Old Mutual Lesotho

Location:Mokhotlong, Lesotho

Experience:3-5 years in insurance underwriting

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

Employment Type:Full-time

Industry:Insurance

Department:Underwriting

Salary:SSP 180,000 – SSP 250,000 per annum

Vacancies:1

Company Overview

Old Mutual Lesotho is a leading provider of insurance and financial services across Southern Africa, with a strong heritage of over a century in delivering innovative risk solutions. Operating under the global Old Mutual brand, the company combines local market insight with international best practices to protect individuals, families, and businesses. In Lesotho, Old Mutual has built a reputation for reliability, customer‑centric products, and community engagement, contributing to economic stability and financial inclusion. The Mokhotlong branch serves a diverse clientele ranging from small enterprises to agricultural cooperatives, making it a pivotal hub for regional growth. As part of its commitment to excellence, Old Mutual Lesotho continuously invests in talent development, technology integration, and sustainable practices, positioning itself as an employer of choice for ambitious professionals seeking a rewarding career in the insurance sector.

With a focus on fostering a culture of integrity, collaboration, and continuous improvement, Old Mutual Lesotho encourages employees to innovate, take ownership, and deliver superior service. The company’s strategic vision aligns with the broader goals of financial resilience and inclusive growth in Lesotho, creating a dynamic environment where career aspirations can thrive alongside societal impact. This commitment makes the organization an ideal platform for individuals looking to advance their expertise in underwriting while contributing to the nation’s economic development.

Job Overview

The Insurance Underwriting Specialist will play a critical role in assessing risk, pricing policies, and ensuring the profitability of the insurance portfolio within the Mokhotlong region. Reporting to the Underwriting Manager, the specialist will evaluate applications, conduct thorough risk analyses, and collaborate with sales and claims teams to deliver tailored solutions that meet client needs while adhering to regulatory standards. This position offers a unique opportunity to work in a vibrant community, engage with a variety of industries, and influence the growth of insurance penetration in a key market. For more information about Old Mutual Lesotho’s mission and values, visit https://www.oldmutual.co.ls.

The role is integral to the company’s strategy of expanding market share in Lesotho by delivering high‑quality underwriting decisions that balance risk and reward. Candidates will be expected to stay abreast of industry trends, local regulations, and emerging risks, ensuring that the underwriting process remains robust and competitive. This position supports the broader goal of providing secure financial protection to individuals and businesses, reinforcing Old Mutual’s reputation as a trusted insurer.

Key Responsibilities

• Analyze insurance applications and assess risk exposure using quantitative and qualitative methods.
• Determine appropriate premium rates and policy terms in line with company guidelines and regulatory requirements.
• Collaborate with sales agents to gather necessary documentation and clarify underwriting criteria.
• Prepare detailed underwriting reports and recommendations for senior management review.
• Monitor the performance of underwritten policies and recommend adjustments to mitigate adverse trends.
• Stay updated on local insurance legislation, market developments, and emerging risk factors.
• Provide training and guidance to junior underwriting staff and sales teams on best practices.
• Maintain accurate records in the underwriting system and ensure compliance with data protection standards.

Required Skills

• Strong analytical abilities with proficiency in risk assessment and financial modeling.
• Excellent communication skills for interacting with clients, agents, and internal stakeholders.
• Attention to detail and ability to interpret complex policy language.
• Proficiency with underwriting software and Microsoft Office Suite, especially Excel.
• Sound judgment and decision‑making capabilities under pressure.
• Knowledge of Lesotho’s insurance regulatory environment is advantageous.

Education

A Bachelor’s degree in Finance, Business Administration, Economics, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications are considered a plus and demonstrate a commitment to the underwriting profession.

Experience

Applicants should have 3 to 5 years of hands‑on experience in insurance underwriting, preferably within life, health, or property & casualty lines. Experience in the Southern African market, and familiarity with local risk factors, will be highly valued.

Salary

The compensation package ranges from SSP 180,000 to SSP 250,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses and comprehensive benefits.

Benefits

• Medical and dental coverage for employee and dependents.
• Retirement savings plan with company contributions.
• Paid annual leave and statutory holidays.
• Employee assistance program and wellness initiatives.
• Opportunities for career progression within the regional network.

Training

• On‑boarding program covering company policies, underwriting systems, and regulatory compliance.
• Continuous professional development workshops and access to industry seminars.
• Mentorship from senior underwriters and leadership coaching.

Working Environment

The role is based in the modern Old Mutual Mokhotlong office, offering a collaborative workspace equipped with the latest technology. Employees benefit from a supportive culture that values work‑life balance, diversity, and innovation. The office environment encourages open communication, teamwork, and a shared commitment to delivering exceptional service to clients across Lesotho.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the Old Mutual careers portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview followed by a technical assessment.

Equal Opportunity Statement

Old Mutual Lesotho 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.