Underwriting Manager

Old Mutual

Old Mutual is recruiting an Underwriting Manager, to be based in Windhoek, Namibia.
  • Set and maintain standards for all operational levels of underwriting for OMSIC
  • Interpret, implement and maintain custom-written policy wordings
  • Adjust policy cover in special cases by writing endorsements to either extend, limit or modify cover provided by standard policy wordings
  • Develop, implement and maintain Standard Operating Procedures (SOPs) for points 1 to 3
  • Perform regular sampling of OMSIC book to test quality
  • Evaluate, monitor and accept or decline Corporate and Accommodation risks
  • Interpret statistics and monthly reports to make timeous and appropriate underwriting decisions at branch, division or even individual policy level
  • Address and guide action on poor-performing risks or risk classes
  • Manage OMSIC’s risk burden to OMSIC, including calculating and managing the risk of various portfolios and single businesses
  • Maintain an intimate understanding of the treaties in place and required reinsurance to effectively negotiate, implement and maintain treaties
  • Maintain accountability to corporate governance at all levels of operation
  • ensure regular and accurate reporting within the underwriting team
  • Liaise, consult and negotiate with internal as well as external stakeholders such as intermediaries, auditors, legal counsel, regulators and reinsurers
  • Manage the underwriting team to ensure that they maintain a high standard of service delivery to OMSIC clients
  • Provide training to the underwriting team as well as other OMSIC staff and stakeholders
  • Manage the HR function for the underwriting team as well as all day-to-day staff administration
  • Assist with the review and implementation of new systems/system upgrades as and when they occur
  • Identify and provide strategic insight on market trends
  • Participate in, provide strategic insight to and assist the OMSIC EXCO in delivering on OMSIC’s strategic objectives
  • Namibian citizen
  • Relevant degree in Finance/Commerce, B.Com /Business Administration
  • Insurance qualification; e.g. Associate or, preferably, Fellow of Insurance Institute
  • Minimum of five years of short-term insurance experience, with at least two years in Commercial and Corporate underwriting
  • At least five years of managerial experience
  • Comprehensive practical knowledge of reinsurance, i.e. FAC, Treaty, etc
  • Computer literacy, good numeric skills and excellent MS Office skills are essential
  • Ability to work under pressure
  • Ability to work independently, be proactive and provide strategic insight
  • Ability to operate at a Tactical Strategy level of cognitive development with a proven track record of success in executing strategic objectives
  • Excellent written and verbal communication as well as organisational skills
  • Only shortlisted applicants will be contacted
This vacancy is no longer accepting applications


  • Entity Old Mutual
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  • Published 27.09.2023
  • Expires 11.10.2023
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