Senior Underwriting Analyst Job Vacancy in Matsieng, Lesotho – Insurance

Job Description

Position: Senior Underwriting Analyst

Company: Old Mutual Lesotho

Location: Matsieng, Lesotho

Experience: 5+ years in underwriting, preferably in life or general insurance

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

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

Vacancies:1

Company Overview

Old Mutual Lesotho is a leading provider of insurance and financial services across Southern Africa, renowned for its commitment to customer centricity, innovation, and community development. With a heritage spanning over a century, Old Mutual delivers a comprehensive suite of life, health, and general insurance products tailored to the unique needs of individuals, families, and businesses in Lesotho. The company’s strong financial stability, ethical standards, and focus on sustainable growth make it an employer of choice for professionals seeking a dynamic and rewarding career in the insurance sector. As part of a global network, Old Mutual Lesotho offers employees access to world‑class resources, continuous learning opportunities, and a collaborative culture that encourages excellence and personal development.

Job Overview

The Senior Underwriting Analyst will play a pivotal role in evaluating risk, pricing policies, and supporting the underwriting team to ensure profitable growth while maintaining high standards of customer service. Reporting to the Underwriting Manager, the successful candidate will analyze complex insurance applications, develop underwriting guidelines, and collaborate closely with sales, actuarial, and claims departments. This position offers a unique opportunity to influence product development, drive operational efficiency, and contribute to Old Mutual Lesotho’s strategic objectives. For more information about the company’s values and career pathways, visit Old Mutual Lesotho Careers.

Key Responsibilities

• Assess and underwrite life and general insurance applications, ensuring compliance with regulatory standards and internal policies.
• Develop and refine underwriting guidelines, rating models, and risk assessment tools to support sustainable portfolio growth.
• Collaborate with sales teams to provide technical support, pricing advice, and risk mitigation strategies for complex accounts.
• Conduct detailed financial and actuarial analysis to determine appropriate premium levels and policy terms.
• Monitor portfolio performance, identify emerging risk trends, and recommend corrective actions to senior management.
• Prepare comprehensive underwriting reports, presentations, and documentation for internal and external stakeholders.
• Mentor junior underwriters and analysts, fostering a culture of continuous improvement and knowledge sharing.
• Participate in product development initiatives, contributing market insights and risk assessments to new insurance offerings.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, statistical software, and underwriting platforms.
• In‑depth knowledge of insurance principles, underwriting practices, and regulatory frameworks in Lesotho.
• Excellent communication and negotiation skills, capable of influencing cross‑functional teams.
• Attention to detail and ability to manage multiple priorities under tight deadlines.
• Problem‑solving mindset with a proactive approach to risk identification and mitigation.
• Team‑player attitude with a commitment to ethical standards and customer focus.

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 or equivalent are highly desirable.

Experience

The ideal candidate will have a minimum of five years of underwriting experience within the insurance industry, preferably with exposure to both life and general lines. Experience in a senior analytical role, product development, or risk management will be considered an advantage.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per year, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, pension contributions, and other employee benefits.

Benefits

• Competitive salary with annual performance bonuses.
• Comprehensive health and life insurance coverage.
• Pension scheme with employer contributions.
• Paid annual leave and public holidays.
• Employee assistance program and wellness initiatives.

Training

• Access to Old Mutual’s global learning platform for continuous professional development.
• On‑the‑job training in advanced underwriting techniques and risk analytics.
• Support for obtaining industry certifications such as CII or ACII.
• Mentorship programs with senior leaders across the organization.

Working Environment

Old Mutual Lesotho offers a modern, collaborative office environment in Matsieng, equipped with the latest technology and flexible working arrangements. Employees benefit from a culture that values diversity, inclusion, and work‑life balance, fostering an atmosphere where innovative ideas thrive.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on the Old Mutual Lesotho website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

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.