Essential Job Details

• Position Title: Corporate Underwriter – Health
• Job Requisition ID: JR-69490
• Location: Nairobi, Kenya
• Employment Type: Full-Time, Permanent
• Number of Vacancies: 1
• Salary: Not disclosed
• Category/Department: Underwriting – Health
• Reporting To: Not specified (likely Underwriting Manager or Head of Health Insurance)
• Application Deadline: August 5, 2025, 23:59

Introduction

The Corporate Underwriter – Health role at Old Mutual in Nairobi is a pivotal opportunity for a skilled professional to drive excellence in medical insurance underwriting within a leading African financial services organization. This position focuses on evaluating and managing medical risks, ensuring compliance with regulatory standards, and supporting the development of profitable health insurance products. Ideal for Kenyan professionals with expertise in medical underwriting and a passion for delivering customer-centric solutions, this role offers a platform to contribute to Old Mutual’s mission of Championing Mutually Positive Futures Every Day while advancing your career in Nairobi’s vibrant financial services sector.

As a Corporate Underwriter – Health, you will play a critical role in building a quality corporate business book, streamlining underwriting processes, and collaborating with cross-functional teams to enhance client value. With a focus on data-driven decision-making and regulatory compliance, this position is perfect for individuals who thrive in a dynamic, high-performance environment and are committed to shaping Africa’s financial future.

About Old Mutual

Old Mutual is a premium African financial services organization, headquartered in Nairobi and operating across 14 countries. Renowned for its comprehensive offerings in Life and Savings, Property and Casualty, Asset Management, and Banking and Lending, Old Mutual serves retail and corporate customers with innovative, customer-focused solutions. Guided by its purpose of Championing Mutually Positive Futures Every Day, the organization emphasizes a great employee experience as the foundation for exceptional customer service. Old Mutual fosters a diverse, inclusive, and high-performance culture, valuing respect, integrity, accountability, and innovation. By joining Old Mutual, you will contribute to a dynamic team dedicated to delivering impactful financial solutions while advancing your professional growth in a supportive environment.

Key Responsibilities

The Corporate Underwriter – Health will be responsible for evaluating medical risks, ensuring compliance, and supporting the profitability and sustainability of Old Mutual’s health insurance portfolio. The role involves collaboration with sales, retention, and compliance teams to deliver seamless underwriting processes and enhance customer value. Below is a detailed breakdown of the key responsibilities:

1. Risk Evaluation and Underwriting

• Assess medical risks for new and renewal corporate business, ensuring decisions align with Old Mutual’s underwriting philosophy and risk appetite.
• Evaluate client profiles, medical histories, and risk factors to determine appropriate coverage terms and premiums.
• Apply experience-based underwriting discipline to build a quality corporate business book, minimizing adverse selection.
• Ensure underwriting decisions are data-driven, balancing profitability with customer needs.
• Review policy applications to identify and mitigate potential exposures promptly.

2. Compliance and Process Improvement

• Ensure all underwriting practices comply with internal policies, regulatory standards (e.g., Insurance Regulatory Authority guidelines), and audit requirements.
• Contribute to the improvement of underwriting controls, streamlining processes to enhance efficiency and turnaround times.
• Monitor compliance with insurance-related statutory requirements, including Treating Customers Fairly (TCF) and the Data Protection Act.
• Support the continuous review of policy documents to ensure exposures are identified and addressed in a timely manner.
• Implement Anti-Money Laundering (AML), Counter-Terrorism Financing (CTF), and Proliferation Financing (CPF) policies, ensuring adherence to Know-Your-Customer (KYC) standards.

3. Collaboration and Support

• Work closely with sales and retention teams to provide technical underwriting support, resolve queries, and ensure alignment with guidelines.
• Collaborate with cross-functional teams, including actuarial, legal, and quality assurance, to integrate underwriting into product development and project cycles.
• Support the training of staff on health products and underwriting processes to enhance team capabilities.
• Act as a point of expertise for corporate health insurance, providing insights to stakeholders on market trends and client needs.
• Engage with the Risk and Compliance Office to escalate potential AML, sanctions, or compliance breaches for further action.

4. Reporting and Analysis

• Prepare accurate and insightful underwriting reports to facilitate data-driven decision-making for management and stakeholders.
• Monitor the performance of corporate accounts, identifying trends and providing recommendations to improve profitability and customer value.
• Conduct regular reviews of underwriting data to assess portfolio health and sustainability.
• Compile reports on underwriting outcomes, compliance breaches, and remediation actions for relevant committees.
• Maintain data quality in underwriting systems, ensuring accurate records for audits and compliance checks.

5. Product Development and Innovation

• Participate in the development of new health insurance products and the enhancement of existing ones to meet evolving client needs and market dynamics.
• Identify opportunities to improve efficiency and reduce costs in the underwriting department, supporting organizational goals.
• Provide insights into market trends and client preferences to inform product design and pricing strategies.
• Support the creation of customer-centric solutions that balance risk, profitability, and value.

6. AML and Compliance Oversight

• Execute customer due diligence processes, including KYC, ongoing, and enhanced due diligence, to ensure compliance with AML/CTF/CPF regulations.
• Monitor underwriting activities for potential AML, sanctions, or compliance breaches, escalating concerns to the Risk and Compliance Office.
• Maintain data quality in underwriting systems to support compliance reporting and audits.
• Support the implementation of compliance programs, including training and monitoring reviews, to ensure adherence to regulatory standards.

7. Additional Duties

• Contribute to knowledge sharing and capacity building within the underwriting team.
• Support organizational initiatives, such as process optimization and risk management projects.
• Perform other duties as assigned to support the underwriting department’s objectives and Old Mutual’s strategic goals.

Qualifications and Skills

To excel as a Corporate Underwriter – Health at Old Mutual, candidates must meet the following qualifications and skills, as outlined in the job description and aligned with industry standards:

• Education:
• NQF Level 7 – Bachelor’s Degree, Advanced Diploma, or Postgraduate Certificate in Business, Finance, Insurance, or a related field from a recognized university.
• Professional insurance qualification – DipCII, ACII, or LOMA certification (required).
• Experience:
• Minimum 3 years of experience in medical insurance underwriting, product development, or research functions.
• Proven track record in managing corporate health insurance portfolios and ensuring profitability.
• Experience with AML/CTF/CPF compliance and KYC processes is an advantage.
• Technical Skills:
• Sound technical underwriting skills to assess medical risks and determine coverage terms.
• Intensive knowledge of corporate health insurance products, including policy structures and pricing models.
• Proficiency in Microsoft Office Suite (Excel, PowerPoint, Outlook) for data analysis, reporting, and presentations.
• Strong analytical skills to evaluate risks, identify trends, and provide data-driven insights.
• Familiarity with compliance software for monitoring AML and regulatory adherence.
• Soft Skills:
• Action-oriented approach to drive underwriting decisions and process improvements.
• Decision quality to balance risk, profitability, and customer needs.
• Effective communication skills (oral and written) to engage with stakeholders and deliver training.
• Detail-oriented with strong problem-solving skills to address complex underwriting challenges.
• Accountability and self-organization to meet strict deadlines and manage multiple priorities.
• Customer service skills to support sales teams and enhance client experiences.
• Ability to work with cross-functional teams to integrate underwriting into broader business processes.
• Business insight to understand market dynamics and client needs.
• Servant leadership to foster collaboration and knowledge sharing within the team.
• Preferred Skills:
• Experience in agile project management for product development and process optimization.
• Knowledge of regulatory compliance, including TCF and Data Protection Act requirements.
• Numerical aptitude for analyzing underwriting data and financial metrics.

Company Culture and Values

Old Mutual fosters a dynamic, inclusive, and high-performance culture, rooted in its purpose of Championing Mutually Positive Futures Every Day. The organization values respect, integrity, accountability, and pushing beyond boundaries, creating a workplace where diverse talent thrives. Old Mutual is committed to equal opportunity, encouraging applications from all backgrounds and ensuring a supportive environment for professional growth. As a Corporate Underwriter – Health, you will contribute to a culture that prioritizes ethical conduct, regulatory compliance, and customer-centricity, aligning with Old Mutual’s mission to deliver innovative financial solutions across Africa. The company’s emphasis on employee experience ensures that you will work alongside passionate professionals in a collaborative, innovative setting.

How to Apply

Apply now for the Corporate Underwriter – Health position in Nairobi. To submit your application:

• Prepare your detailed CV and cover letter clearly stating the job title (Corporate Underwriter – Health) and Job Requisition ID (JR-69490) in the subject line.
• Submit your application via the online portal: Apply for Corporate Underwriter – Health.
• Applications must be submitted by August 5, 2025, 23:59.
• Only shortlisted candidates will be contacted.
• Note: Old Mutual is an equal opportunity employer and does not charge any fees during the recruitment process. For assistance or accommodations due to a disability, contact the employer directly through the application portal.

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Tags

Corporate Underwriter, Health Insurance, Nairobi jobs, financial services careers, underwriting jobs

Role Overview

The Corporate Underwriter – Health role at Old Mutual in Nairobi is a critical position within the Health Insurance division, focusing on evaluating medical risks, ensuring compliance, and driving profitability in corporate health insurance portfolios. This role involves assessing new and renewal business, supporting product development, and collaborating with sales and compliance teams to deliver customer-centric solutions. Ideal for professionals with a strong background in medical underwriting, this position offers a chance to contribute to Old Mutual’s strategic objectives while advancing your career in Nairobi’s vibrant financial services sector.

Why This Role Matters

As a Corporate Underwriter – Health, you will play a pivotal role in ensuring the profitability and sustainability of Old Mutual’s health insurance portfolio. By evaluating medical risks, ensuring regulatory compliance, and supporting innovative product development, you will contribute to delivering high-quality insurance solutions that meet client needs. Your work will directly impact Old Mutual’s reputation as a trusted financial services provider, making this role both impactful and rewarding in Nairobi’s competitive market.

Program Context: Health Insurance at Old Mutual

Old Mutual’s Health Insurance division is a key component of its Property and Casualty line of business, offering tailored medical insurance solutions to corporate clients. The Corporate Underwriter – Health role supports the division’s objectives by ensuring sound underwriting decisions, compliance with regulatory standards, and alignment with market demands. By leveraging data-driven insights and cross-functional collaboration, the role contributes to Old Mutual’s commitment to delivering mutually positive outcomes for clients and stakeholders.

Day-to-Day Responsibilities

The Corporate Underwriter – Health will engage in a variety of tasks to support underwriting excellence and compliance. Daily responsibilities include:

• Risk Assessment: Evaluating medical risks for corporate clients and determining coverage terms.
• Policy Review: Reviewing policy documents to identify and mitigate exposures.
• Compliance Monitoring: Ensuring adherence to AML/CTF/CPF, TCF, and Data Protection Act requirements.
• Reporting: Preparing underwriting reports and performance metrics for management.
• Collaboration: Supporting sales and retention teams with technical underwriting expertise.
• Training Delivery: Conducting staff training on health products and underwriting processes.
• Product Development: Contributing to the design and enhancement of health insurance products.

Skills Development Opportunities

The Corporate Underwriter – Health role offers significant opportunities for professional growth, including:

• Enhancing Underwriting Expertise: Gaining advanced skills in medical risk assessment and corporate underwriting.
• Developing Compliance Knowledge: Mastering AML/CTF/CPF, TCF, and data privacy regulations.
• Building Analytical Skills: Analyzing portfolio performance and market trends to inform decisions.
• Strengthening Collaboration Skills: Working with cross-functional teams to drive business outcomes.
• Advancing Product Development: Contributing to innovative health insurance solutions.
• Improving Leadership Abilities: Leading training initiatives and fostering knowledge sharing.

These opportunities position you for career advancement in underwriting, compliance, or leadership roles within Old Mutual or the broader financial services sector.

Working in Nairobi

Nairobi, Kenya’s capital and largest city, is a vibrant hub for business and culture, hosting major financial institutions and a thriving insurance sector. As a Corporate Underwriter – Health at Old Mutual, you will work on-site in Nairobi, engaging with diverse teams in a fast-paced, innovative environment. Nairobi’s Securities Exchange (NSE), one of Africa’s largest, underscores the city’s role as a financial powerhouse, offering a dynamic backdrop for your career. With access to modern amenities and a rich professional community, Nairobi provides an ideal setting for contributing to Old Mutual’s mission while advancing your professional growth.

Career Growth Potential

The Corporate Underwriter – Health position is a gateway to advanced roles in underwriting, product development, or financial services leadership. By working with Old Mutual, you will gain exposure to industry-leading practices, regulatory frameworks, and cross-functional collaboration. Key career growth prospects include:

• Senior Underwriting Roles: Advancing to positions like Senior Underwriter or Underwriting Manager.
• Product Development Leadership: Moving into roles overseeing health insurance product design.
• Cross-Functional Opportunities: Transitioning to roles in sales, compliance, or actuarial departments.
• Professional Development: Accessing Old Mutual’s training programs and industry certifications (e.g., ACII, LOMA).
• Regional Impact: Contributing to Old Mutual’s operations across 14 African countries, enhancing your regional expertise.

The role’s permanent nature and Old Mutual’s commitment to employee development ensure long-term career stability and growth.

Commitment to Diversity and Inclusion

Old Mutual is committed to fostering an inclusive workplace, ensuring equal opportunities for all employees regardless of background. The organization upholds strict policies against discrimination and prioritizes accessibility for candidates with disabilities. As a Corporate Underwriter – Health, you will contribute to a culture of respect, integrity, and accountability, aligning with Old Mutual’s core values. The company’s diverse talent pool and emphasis on employee experience create a supportive environment for professional success.

Who Should Apply

The Corporate Underwriter – Health role is ideal for professionals with an NQF Level 7 qualification (Bachelor’s Degree, Advanced Diploma, or Postgraduate Certificate) in Business, Finance, or Insurance, a professional insurance qualification (DipCII, ACII, or LOMA), and at least 3 years of experience in medical underwriting. If you have strong analytical skills, expertise in health insurance products, and a commitment to compliance and customer value, this position offers a chance to thrive in Nairobi’s financial services industry.

How to Stand Out as an Applicant

To increase your chances of being shortlisted for the Corporate Underwriter – Health role:

• Highlight Relevant Experience: Emphasize your medical underwriting and product development experience in your CV.
• Showcase Certifications: Include your DipCII, ACII, or LOMA qualifications to demonstrate expertise.
• Demonstrate Analytical Skills: Provide examples of risk assessments or data-driven decisions in your cover letter.
• Emphasize Compliance Knowledge: Highlight experience with AML/CTF/CPF, TCF, or data privacy regulations.
• Align with Old Mutual’s Values: Reflect your commitment to customer-centricity and accountability.

Application Tips

When applying for the Corporate Underwriter – Health position:

• Tailor Your CV: Highlight relevant experience in medical underwriting and compliance.
• Write a Concise Cover Letter: Address your alignment with Old Mutual’s mission and your qualifications for the role.
• Submit Early: Applications are reviewed on a rolling basis, so apply before the deadline of August 5, 2025.
• Ensure Accuracy: Verify that your CV and cover letter are correctly formatted and include the Job Requisition ID (JR-69490).
• Prepare for Interviews: Be ready to discuss your experience with underwriting processes, compliance, and product development.

Why Work at Old Mutual

Working as a Corporate Underwriter – Health at Old Mutual offers a unique opportunity to contribute to a leading African financial services organization while advancing your career in Nairobi. Key benefits include:

• Impactful Work: Drive profitability and customer value through sound underwriting decisions.
• Competitive Benefits: Enjoy a permanent position with comprehensive medical cover and professional development opportunities.
• Dynamic Environment: Work in a diverse, high-performance team with a focus on innovation and collaboration.
• Career Advancement: Access pathways to senior roles in underwriting, product development, or leadership.
• Regional Influence: Contribute to Old Mutual’s operations across 14 African countries, shaping the continent’s financial future.

By joining Old Mutual, you will play a critical role in delivering mutually positive outcomes for clients, employees, and stakeholders, all while building a rewarding career in a premium financial services organization.

Additional Information

Old Mutual is an equal opportunity employer committed to fair and transparent recruitment processes. Canvassing or presenting fake certificates will lead to disqualification, and no fees are charged for applications. Candidates requiring accommodations due to disabilities should contact the employer directly through the application portal. For more details, refer to the official application portal: Apply for Corporate Underwriter – Health.

Conclusion

The Corporate Underwriter – Health role at Old Mutual in Nairobi is a transformative opportunity for professionals passionate about medical underwriting, compliance, and financial services. By joining Old Mutual, you will contribute to innovative health insurance solutions, ensure regulatory adherence, and drive profitability in a leading African organization. With a focus on diversity, innovation, and career growth, this role offers a chance to make a lasting impact in Nairobi’s financial sector. Apply today to become part of Old Mutual’s mission to Champion Mutually Positive Futures Every Day.