Underwriting Manager

CIC Africa Co-operatives Limited

VACANCY ANNOUNCEMENT

UNDERWRITING MANAGER

CIC Africa Malawi offers General Insurance and Life Assurance services with special focus on innovation and excellence service delivery. The- Company seeks to recruit a dynamic person to join this winning team as Underwriting Manager for Co-operatives Life Assurance Limited.

Job Purpose:

To lead and manage the underwriting team, ensuring efficient and effective underwriting operations, and contributing to the overall profitability and growth of the life assurance business.

Key Responsibilities:

  • Leadership and Management:
    • Lead, motivate, and develop a team of underwriters.
    • Provide guidance and support to the team on complex cases and underwriting decisions.
    • Conduct performance reviews and provide constructive feedback.
    • Foster a positive and collaborative team environment.
  • Underwriting Operations:
    • Oversee the entire underwriting process, from application receipt to policy issuance.
    • Ensure adherence to underwriting guidelines, policies, and procedures.
    • Review and approve complex or high-risk cases.
    • Develop and implement underwriting strategies to optimize risk selection and pricing.
    • Monitor and analyze underwriting performance metrics.
  • Risk Assessment and Management:
    • Assess and evaluate the risk associated with life insurance applications.
    • Determine appropriate premiums and coverage levels based on risk assessment.
    • Ensure that underwriting decisions are aligned with the company’s risk appetite.
    • Identify and mitigate potential risks related to underwriting.
  • Compliance and Regulatory:
    • Ensure compliance with all relevant insurance regulations and guidelines.
    • Stay updated on changes in regulations and industry best practices.
    • Implement and maintain appropriate controls to ensure compliance.
  • Stakeholder Management:
    • Liaise with other departments, such as sales, claims, and actuarial, to ensure smooth operations.
    • Build and maintain relationships with key stakeholders, including brokers and agents.
    • Represent the underwriting department in meetings and presentations.
  • Business Development:
    • Contribute to the development of new life insurance products and services.
    • Identify opportunities for growth and innovation in the underwriting process.
    • Participate in the development and implementation of marketing strategies.

Qualifications:

  • Bachelor degree in Insurance, Actuarial Science, or a related field is preferred
  • Advanced Diploma in insurance (ACII) ICP
  • Minimum of 8 years of experience in life insurance underwriting, with at least 5 years in a supervisory role.
  • Strong understanding of life insurance products, risk assessment, and underwriting principles.
  • Proven leadership and management skills.
  • Excellent analytical, problem-solving, and decision-making skills.
  • Strong communication, interpersonal, and negotiation skills.
  • Proficiency in Microsoft Office Suite.

Key Competencies:

Leadership, Analytical Skills, Decision Making, Communication Skills, Risk Management, Compliance, Problem-Solving, Teamwork, Business Acumen, and Stakeholder Management.

Interested applicants are requested to submit their application, detailed CV, educational qualifications, names and contact numbers of at least three (3) traceable referees, preferably one of who you have reported to recently to

The Managing Director
CIC Africa Co-operatives Limited
P.O. Box 882
Lilongwe

or via email to recruitment.malawi@cicinsurancegroup.com not later than 15th August 2025

Only shortlisted candidates will be acknowledged.