Senior Insurance Underwriting Analyst Job Vacancy in Addis Ababa, Ethiopia – Insurance & Financial Services

Job Description

Position: Senior Insurance Underwriting Analyst

Company: Allianz Ethiopia

Location: Addis Ababa, Ethiopia

Experience: 5+ years in insurance underwriting, risk assessment, and policy development.

Education: Bachelor’s degree in Finance, Business Administration, or related field; Master’s preferred

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: 250,000 – 350,000 SSP per annum

Vacancies:1

Company Overview

Allianz Ethiopia is a leading global insurer providing comprehensive risk management solutions across Africa. With a strong presence in Addis Ababa, the company delivers innovative insurance products to individuals, SMEs, and large corporations. Allianz’s commitment to sustainability, digital transformation, and customer centricity makes it a top employer for professionals seeking dynamic career growth. As part of the Allianz Group, the Ethiopian branch benefits from worldwide expertise, robust financial strength, and a culture that values diversity and inclusion. Explore more about our global impact at https://ethiopiajobssearch.com. The firm continuously invests in technology and talent, ensuring that employees are equipped to meet the evolving demands of the insurance market in Ethiopia and beyond.

Job Overview

The Senior Insurance Underwriting Analyst will lead the evaluation and pricing of complex insurance risks, develop underwriting guidelines, and support the growth of Allianz’s portfolio in Ethiopia. This role is pivotal in ensuring profitable underwriting while maintaining high standards of customer service and regulatory compliance. The analyst will collaborate with actuarial, claims, and sales teams to design tailored solutions for corporate clients, especially in emerging sectors such as renewable energy, agribusiness, and fintech. The position offers a unique opportunity to influence strategic decisions, drive innovation in underwriting practices, and contribute to the overall success of Allianz Ethiopia.

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Key Responsibilities

• Assess and underwrite large‑scale corporate insurance proposals, ensuring accurate risk evaluation and appropriate pricing.
• Develop and continuously refine underwriting policies, guidelines, and risk appetite statements aligned with Allianz’s global standards.
• Collaborate with actuarial teams to model risk scenarios and forecast loss ratios.
• Provide mentorship and training to junior underwriters, fostering a high‑performance underwriting culture.
• Maintain compliance with Ethiopian insurance regulations and internal audit requirements.
• Prepare detailed underwriting reports and present recommendations to senior management and the board.
• Support business development initiatives by offering technical expertise during client negotiations.

Required Skills

• Strong analytical and quantitative abilities with proficiency in risk modeling tools.
• In‑depth knowledge of commercial lines such as property, casualty, marine, and specialty insurance.
• Excellent communication and negotiation skills for interfacing with clients and internal stakeholders.
• Proficiency in underwriting software platforms and Microsoft Office Suite.
• Ability to work independently and lead cross‑functional projects.
• Fluency in English; knowledge of Amharic is an advantage.

Education

A bachelor’s degree in Finance, Business Administration, Economics, or a related discipline is required. A master’s degree or professional certifications such as CPCU, ARM, or equivalent are highly desirable and will be considered an asset during the selection process.

Experience

Minimum of five years of progressive experience in insurance underwriting, preferably within commercial lines. Experience in emerging markets, especially in Africa, and exposure to complex risk structures will be valued.

Salary

The compensation package ranges from 250,000 to 350,000 SSP annually, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, pension contributions, and other statutory benefits.

Benefits

• Comprehensive health and dental coverage.
• Retirement savings plan with employer matching.
• Annual performance bonus.
• Professional development allowance.
• Flexible working hours and remote work options.
• Employee assistance program.

Training

• Onboarding program covering Allianz’s global underwriting framework.
• Continuous learning through internal webinars, external certifications, and industry conferences.
• Leadership development tracks for high‑potential employees.

Working Environment

Allianz Ethiopia offers a collaborative, inclusive, and technology‑driven workplace located in the heart of Addis Ababa’s business district. Employees benefit from modern office facilities, a supportive team culture, and access to global resources that enable innovative problem‑solving.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment. For more information on the application steps, visit https://gambiajobsearch.com/.

Equal Opportunity Statement

Allianz Ethiopia 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. Our recruitment practices are designed to ensure fairness and transparency, supporting Ethiopia Jobs, Jobs in Ethiopia, and broader Career Opportunities in Ethiopia.