Insurance Underwriting Analyst Job Vacancy in Jilib, Somalia – Insurance & Financial Services

Job Description

Position: Insurance Underwriting Analyst

Company: Allianz

Location: Jilib, Somalia

Experience: 3-5 years

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

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: SSP 2,500,000 – SSP 4,000,000 per month

Vacancies:1

Company Overview

Allianz is a globally recognized leader in insurance and financial services, operating in more than 70 countries. With a strong commitment to innovation, risk management, and customer centricity, Allianz brings world‑class expertise to emerging markets, including Somalia. The company’s presence in Somalia focuses on delivering reliable insurance solutions that support businesses, individuals, and the broader economy. By joining Allianz in Jilib, you become part of a dynamic team that drives financial stability, promotes economic growth, and contributes to the development of robust risk‑mitigation frameworks across the region. This role offers a unique opportunity to work within a multinational environment while making a tangible impact on local communities and the national insurance landscape.

Job Overview

The Insurance Underwriting Analyst will evaluate risk profiles, assess policy applications, and develop pricing strategies that align with Allianz’s standards of excellence. You will collaborate closely with underwriters, actuaries, and sales teams to ensure accurate risk assessment and profitable portfolio management. This position plays a critical role in expanding Allianz’s footprint in Somalia, supporting the company’s mission to provide comprehensive insurance coverage for businesses and individuals. For more information about Allianz’s operations and career pathways, visit our main website at https://somaliajobsearch.com/. This role is central to the company’s growth strategy and offers exposure to a diverse range of insurance products, including property, casualty, health, and marine coverage.

Key Responsibilities

• Analyze insurance applications, financial statements, and risk data to determine eligibility and appropriate coverage.
• Develop and recommend pricing models based on actuarial data, market trends, and regulatory requirements.
• Collaborate with underwriters to refine risk selection criteria and improve underwriting guidelines.
• Prepare detailed underwriting reports and present findings to senior management and sales teams.
• Monitor portfolio performance, identify emerging risk patterns, and propose mitigation strategies.
• Ensure compliance with local insurance regulations and Allianz’s internal policies.
• Support the development of new insurance products tailored to the Somali market.
• Maintain accurate records in underwriting systems and contribute to data‑driven decision making.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and statistical tools.
• Excellent written and verbal communication skills in English; knowledge of Somali is an advantage.
• Detail‑oriented mindset with the ability to assess complex risk scenarios.
• Solid understanding of insurance principles, underwriting processes, and regulatory frameworks.
• Ability to work collaboratively across cross‑functional teams and manage multiple priorities.
• Proficiency in underwriting software or risk assessment platforms.

Education

A bachelor’s degree in Finance, Business Administration, Economics, Actuarial Science, or a related discipline is required. Professional certifications such as CPCU, ARM, or equivalent are considered a strong advantage.

Experience

Candidates should possess 3‑5 years of hands‑on experience in insurance underwriting, risk analysis, or a closely related field. Experience within emerging markets or in the African insurance sector will be highly valued.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses and comprehensive benefits.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan with company matching contributions.
• Paid annual leave and public holidays in accordance with Somali labor law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering Allianz’s underwriting standards and regional market insights.
• Continuous learning modules on advanced risk modeling and insurance technology.
• Mentorship opportunities with senior underwriters and actuaries.
• Access to global Allianz learning platforms and industry conferences.

Working Environment

Allianz offers a collaborative, inclusive, and technology‑enabled workplace in Jilib. The office is equipped with modern facilities, high‑speed internet, and flexible work arrangements to support work‑life balance. Employees are encouraged to share ideas, drive innovation, and contribute to a culture of excellence.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on our website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

Allianz is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.