Risk Management Analyst Job Vacancy in Entebbe, Uganda – Insurance & Risk Management

Job Description

Position:Risk Management Analyst

Company:Old Mutual Uganda

Location:Entebbe, Uganda

Experience:3-5 years

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

Employment Type:Full-time

Industry:Insurance & Risk Management

Department:Risk Management

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

Vacancies:1

Company Overview

Old Mutual Uganda is a leading financial services provider with a legacy spanning more than a century across Africa. As part of the globally recognised Old Mutual Group, the Ugandan subsidiary delivers a comprehensive suite of insurance, investment, and retirement solutions to individuals, families, and businesses. With a strong commitment to financial inclusion, the company has built a reputation for trust, innovation, and community development. Operating from its modern headquarters in Entebbe, Old Mutual Uganda supports a diverse workforce and actively contributes to the economic growth of the nation. The organisation’s focus on sustainable practices, digital transformation, and customer‑centric services makes it a top employer for professionals seeking rewarding career opportunities in Uganda. This role contributes directly to the company’s mission of protecting assets and managing risk, aligning with the broader goals of financial stability and resilience in the region.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating risks across Old Mutual Uganda’s insurance portfolio. Reporting to the Head of Risk Management, the analyst will collaborate with underwriting, actuarial, and compliance teams to develop robust risk models, conduct scenario analysis, and ensure adherence to regulatory standards. This position offers a unique platform to influence strategic decisions, enhance underwriting profitability, and support the company’s growth objectives. Candidates will have access to cutting‑edge analytical tools and a supportive environment that encourages continuous learning. For more information about the company and its culture, visit https://ugandajobssearch.com/. This role is a prime example of the many Uganda Jobs that empower professionals to shape the future of insurance and risk management in the country.

Key Responsibilities

• Conduct quantitative risk assessments for new and existing insurance products.
• Develop and maintain risk models, including loss forecasting and capital adequacy calculations.
• Collaborate with underwriting teams to embed risk considerations into pricing and policy decisions.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Monitor emerging risks, market trends, and regulatory changes affecting the insurance sector.
• Assist in the design and implementation of risk mitigation strategies and controls.
• Support internal audit and external audit processes related to risk management.

Required Skills

• Strong analytical and quantitative skills with proficiency in statistical software (e.g., R, SAS, Python).
• Excellent understanding of insurance principles, underwriting processes, and actuarial concepts.
• Ability to interpret complex regulatory frameworks and ensure compliance.
• Effective communication skills for presenting risk findings to non‑technical stakeholders.
• Detail‑oriented mindset with a proactive approach to problem solving.
• Team player who can collaborate across multiple departments and functions.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Actuarial Science, Mathematics, or a related discipline is required. Professional certifications such as CFA, FRM, or actuarial qualifications are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants should possess 3 to 5 years of relevant experience in risk assessment, insurance underwriting, actuarial analysis, or a similar role within the financial services industry. Experience with risk modeling tools and a proven track record of delivering actionable insights are essential.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 per annum, commensurate with experience, qualifications, and performance. The package includes performance‑based bonuses and a comprehensive benefits suite.

Benefits

• Health insurance covering medical, dental, and vision care.
• Retirement savings plan with employer contributions.
• Paid annual leave and statutory holidays.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.
• Flexible working arrangements and remote work options where applicable.

Training

• On‑boarding program covering company policies, risk management frameworks, and insurance products.
• Access to internal and external risk analytics workshops.
• Mentorship from senior risk officers and actuaries.
• Continuous learning platform with courses on data analytics, regulatory compliance, and emerging risk trends.
• Opportunities to attend industry conferences and seminars.

Working Environment

Old Mutual Uganda offers a collaborative, inclusive, and technology‑driven workplace located in the vibrant city of Entebbe. The office environment promotes open communication, knowledge sharing, and a culture of innovation. Employees benefit from modern workspaces, reliable IT infrastructure, and a supportive leadership team that values work‑life balance and employee well‑being.

Application Process

Interested candidates are invited to submit their application through the online portal on the Old Mutual Uganda careers page. The application should include a current resume, a cover letter outlining relevant experience, and copies of academic certificates. Shortlisted applicants will undergo a competency‑based interview followed by a technical assessment. The recruitment timeline typically spans four to six weeks from the date of posting.

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, ethnicity, religion, disability, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination, ensuring fair and transparent hiring practices across all Uganda Jobs.