Insurance Underwriter Job Vacancy in Kampala, Uganda – Insurance & Financial Services

Job Description

Position: Insurance Underwriter

Company: Old Mutual Uganda

Location: Kampala, Uganda

Experience: Minimum 5 years in insurance underwriting, risk assessment, and policy formulation

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

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: SSP 2,500,000 – SSP 4,000,000 per month

Vacancies:1

Company Overview

Old Mutual Uganda is a leading provider of life insurance, general insurance, and investment solutions across the East African region. With a heritage spanning more than a century, Old Mutual delivers innovative financial products that protect families, businesses, and communities. The company’s commitment to customer centricity, digital transformation, and sustainable growth has positioned it as a trusted brand in Uganda’s insurance market. As part of its strategic expansion, Old Mutual Uganda continues to invest in talent, technology, and community development, creating a vibrant workplace for professionals seeking long‑term career growth.

Old Mutual’s presence in Uganda aligns with the nation’s broader economic development goals, supporting financial inclusion and risk mitigation for individuals and enterprises. The firm’s robust portfolio includes life, health, motor, property, and agricultural insurance, catering to a diverse client base ranging from smallholder farmers to large corporations. By joining Old Mutual Uganda, you become part of a dynamic team that drives innovation, upholds ethical standards, and contributes to the nation’s socio‑economic resilience.

Job Overview

The Insurance Underwriter will be responsible for evaluating risk, pricing policies, and ensuring that underwriting guidelines are adhered to across all product lines. This role requires a deep understanding of insurance principles, strong analytical capabilities, and the ability to collaborate with sales, actuarial, and claims teams to deliver tailored solutions that meet client needs while protecting the company’s profitability. The successful candidate will play a pivotal role in expanding Old Mutual’s market share in Uganda and enhancing the overall underwriting process.

For more information about career opportunities in Uganda, visit https://ugandajobssearch.com.

Key Responsibilities

• Assess and underwrite new business proposals, ensuring accurate risk evaluation and appropriate pricing.
• Maintain and update underwriting guidelines in line with regulatory requirements and market trends.
• Collaborate with sales agents and brokers to provide technical support and negotiate terms.
• Conduct periodic reviews of existing policies to identify opportunities for renewal, amendment, or cancellation.
• Prepare detailed underwriting reports and present findings to senior management.
• Monitor loss ratios and implement corrective actions to achieve profitability targets.
• Stay informed about industry developments, emerging risks, and competitive products.

Required Skills

• Strong analytical and quantitative skills with proficiency in risk assessment tools.
• Excellent communication and negotiation abilities.
• In‑depth knowledge of Ugandan insurance regulations and market dynamics.
• Proficiency in underwriting software and Microsoft Office Suite.
• Ability to work independently and as part of cross‑functional teams.
• High ethical standards and attention to detail.

Education

A bachelor’s degree in Finance, Business Administration, Actuarial Science, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications or equivalent are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants must have a minimum of five years of proven experience in insurance underwriting, preferably within life, health, or general insurance lines. Experience in the Ugandan market, familiarity with local regulatory frameworks, and a track record of meeting underwriting profit targets are essential.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 per month, commensurate with experience, qualifications, and performance. The package includes performance‑based bonuses, health insurance, pension contributions, and other statutory benefits.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer matching.
• Annual performance bonus linked to underwriting profitability.
• Paid parental and annual leave.
• Employee assistance program and wellness initiatives.

Explore additional career resources at https://kenyajobsearch.com/.

Training

• On‑boarding program covering Old Mutual’s underwriting policies, systems, and compliance standards.
• Continuous professional development through workshops, webinars, and industry conferences.
• Support for obtaining CII or other relevant professional certifications.
• Mentorship from senior underwriters and actuarial experts.

Further learning opportunities are highlighted on https://rwandajobsearch.com/.

Working Environment

Old Mutual Uganda offers a collaborative, inclusive, and technology‑enabled workplace located in the heart of Kampala’s business district. Employees benefit from modern office facilities, flexible working arrangements, and a culture that encourages innovation, continuous learning, and work‑life balance.

Application Process

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

Equal Opportunity Statement

Old Mutual Uganda is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, age, disability, race, religion, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.