Lets Write Africa's Story Together!

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

Job Description

• Evaluate and manage medical insurance risks in strict compliance with internal policies, regulatory guidelines, and industry best practices.
• Support in the delivery of profitable business, streamlining underwriting processes, and ensuring timely turnaround in underwriting decisions
• Contribute to the effective oversight and execution of the company’s underwriting operations by ensuring that all activities align with the organization’s strategic objectives.

KEY TASKS AND RESPONSIBILITIES

Evaluate and assess medical risks for new and renewal business, ensuring sound underwriting decision that aligns with the company’s underwriting philosophy.Build and maintain a quality corporate business book through reinforcement and implementation of experience-based underwriting discipline.Ensure all underwriting practices comply with internal policies, processes and procedures, regulatory standards, and audit requirements, while contributing to the improvement of underwriting controls and processes.Work closely with sales team and retention team to provide technical underwriting support, resolve queries, and ensure alignment with underwriting guidelines.Prepare accurate and insightful underwriting reports to facilitate data driven decision making.Support with continuous review of policy documents to ensure exposures are identified and closed timeously.Participate in the development of new products and the enhancement of existing ones to ensure continued relevance in response to evolving client needs and market dynamics.Continuously monitor and review the performance of corporate accounts, identifying trends, providing insights and recommendations to improve profitability, sustainability, and customer value.Identifying opportunities to improve efficiency and reduce costs in the department to support organizational goals.Support in training of staff and contribute to knowledge sharing on health products and underwriting processesEnsure compliance to insurance related Statutory and regulatory requirements including Treating Customers Fairly and data Protection Act.The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and it subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.

SKILLS AND COMPETENCIES

Sound Technical Underwriting skillsIntensive and extensive corporate health products knowledge.Good assessment and analytical skillsDecision - making skillsDetail oriented with strong problem- solving skillsAccountability and self-organization skillsCustomer service skills.Ability to work with cross functional teams.Ability to meet strict deadlines.

Qualifications:

A business-related degree from recognized universityRelevant professional insurance qualification – DipCII/ACII/LOMAStrong skills with Microsoft Office Package: Excel, PowerPoint and Outlook Technical Knowledge3 years in medical insurance underwriting, product and research functions.

ANTI-MONEY LAUNDERING (AML) EXPECTATION

The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.

Skills

Agile Project Management, Backlog Management, Change Management, Data Compilation, Executing Plans, Legal Practices, Management Reporting, Numerical Aptitude, Oral Communications, Policies & Procedures, Presenting Solutions, Professional Presentation, Report Review, Risk Management, Servant Leadership

Competencies

Action OrientedBusiness InsightCommunicates EffectivelyDecision QualityDirects WorkEnsures AccountabilityFinancial AcumenInstills Trust

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

05 August 2025 , 23:59

The Old Mutual Story!