Underwriter

Old Mutual; Wes-Kaap; On-site; ZAR 300 000 - 500 000; Full time

Job summary

A leading insurance company in South Africa is seeking an Underwriter to manage risk evaluation and pricing for new and renewal insurance business. The ideal candidate has 3-5 years of experience in commercial underwriting and holds a diploma in general insurance. This role involves risk assessment, compliance monitoring, and continuous improvement to ensure effective service delivery. Closing date for applications is November 18, 2025.

Qualifications

• 3 - 5 years’ experience in commercial underwriting.
• NQF Level 6 qualification in general insurance is essential.

Responsibilities

• Review new business and renewal proposals to ensure acceptability.
• Carry out allocated research and analysis to support automated underwriting processes.
• Gather, monitor, and analyze risk data for further investigation.

Skills

Insurance Product Management

Risk Management

Numerical Aptitude

Oral Communications

Action Planning

Education

Diploma in General Insurance

Matric or equivalent

Job description

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Purpose: Reviews risk submissions from clients, agents, and referrals, and underwrites insurance requests within guidelines of the underwriting manual and authority limits. Applies underwriting and risk-selection techniques to determine acceptability of new and renewal insurance risks.

Responsibilities:

• Underwriting Insurance Cases: Review new business and renewal proposals to ensure acceptability and completeness of underwriting and rating information, providing price quotations for underwriters and referring unusual or complex cases to senior colleagues.
• Underwriting Automation: Carry out allocated research and analysis to support the development, validation, and of automated underwriting processes and systems.
>Organizational Risk Management: Gather, monitor, and analyze risk data and recommend further investigation. Involves using established risk management models, systems, and protocols and working under direction.
• Regulatory and Compliance Management:> Carry out a wide range of compliance monitoring and give basic advice on compliance and regulatory requirements.
• External Communications: Use the external communications system to access and supply specific information.
• Document Preparation:
• Operational Compliance: Develop knowledge and understanding of the organization's policies and procedures and of relevant regulatory codes and codes of conduct to ensure own work adheres to those standards. Obtain authorization from a supervisor or manager for any exceptions from mandatory procedure.
• Personal Capability Building: Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching. Develop and maintain an understanding of relevant technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media.

Requirements [Experience & Skills]

• Matric and/or equivalent>
• Diploma and/or equivalent NQF Level 6 qualification in general insurance.
• 3 – 5 years’ experience in commercial underwriting.

Critical objectives and responsibilities

• Responsible for risk evaluation, pricing and selection / rejection of new and renewal business for all assigned accounts within the portfolio.
• Continuous improvement to ensure effective service
• Service delivery to ensure customer satisfaction
• Cost control and governance adherence
• Quality people practices

Skills

Action Planning, Computer Literacy, Data Compilation, Data Controls, Default Risk, Insurance Product Management, Insurance Sales, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Professional Presentation, Risk Based Pricing, Risk Management, Underwriting Management

Competencies

Action Oriented Collaborates Communicates Effectively Ensures Accountability Instills Trust Manages Complexity Optimizes Work Processes Plans and Aligns

Education

NQF Level 3 & NQF Level 2 - Below school leaving

Closing Date

18 November 2025 , 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!