Permanent Underwriter | Old Mutual Vacancies
Job Description
Old Mutual Vacancies – Underwriter
Location: Pinelands, Cape Town
Company: Old Mutual
Job Type: Permanent
Job Sector: Finance
Let’s Write Africa’s Story Together!
Old Mutual is a firm believer in the African opportunity, and our diverse talent reflects this.
Underwriter Opportunity at Old Mutual
Purpose:
As an Underwriter at Old Mutual, you will review risk submissions from clients, agents, and referrals, underwriting insurance requests within the guidelines of the underwriting manual and authority limits. You will apply underwriting and risk-selection techniques to evaluate the acceptability of new and renewal insurance risks.
Key Responsibilities:
- Underwriting Insurance Cases: Assess new business and renewal proposals to verify underwriting and rating information, providing price quotations and referring complex cases to senior underwriters.
- Underwriting Automation: Conduct research and analysis to support the development and improvement of automated underwriting processes and systems.
- Organizational Risk Management: Collect, monitor, and analyze risk data, recommending further investigation using established models and protocols.
- Regulatory and Compliance Management: Perform compliance monitoring activities and provide basic advice on regulatory requirements.
- External Communications: Utilize external communication systems to access and provide necessary information.
- Document Preparation: Draft moderately complex documents using standard office software and compile data for reports.
- Operational Compliance: Ensure adherence to company policies, regulatory standards, and procedures, seeking authorization for exceptions.
- Personal Capability Building: Participate in training, coaching, and professional development to stay updated on industry trends and best practices.
Skills & Experience:
- Matric or equivalent qualification.
- Diploma or NQF Level 6 in general insurance (advantageous).
- Regulatory Examination (RE) certification.
- 2–3 years of commercial underwriting experience.
Competencies:
- Strong analytical and problem-solving abilities.
- Excellent verbal and written communication.
- Attention to detail and accuracy.
- Customer-focused with a positive attitude.
- Ability to work independently and collaboratively.
- Effective organizational and time management skills.
Critical Objectives:
- Evaluate, price, and approve/reject new and renewal business within assigned portfolios.
- Drive continuous service and process improvements.
- Ensure high customer satisfaction through efficient service delivery.
- Maintain cost control and governance compliance.
- Promote quality people practices within the team.
Technical 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
Core 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
Closing Date:
19 August 2025, 23:59
Employment Equity:
Appointments will align with Old Mutual South Africa’s Employment Equity Plan and business unit requirements.
The Old Mutual Story Continues With You!
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How to Apply
To apply for this position, click the “Apply Now” button or follow the specific instructions provided in the job description. Ensure that your CV and supporting documents are up to date and relevant to the position.
Please note: This job posting may be closed at any time by the employer, either due to internal recruitment policies, legal requirements, or once a suitable candidate has been found. We encourage you to apply as early as possible.
Only shortlisted candidates will be contacted.
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