View more 5 years ago
AFC Insurance Company, a subsidiary of AFC Holdings seeks to recruit two Underwriters reporting to the Senior Underwriter. The Underwriter will be responsible for assessing insurance risks, determining appropriate coverage and ensuring that policies issued are profitable while meeting customer needs and regulatory requirements.
Job Summary
- Type: full-time
- Location: Harare
- Category: Insurance
- Closing Date: 2026-08-14
Key Responsibilities
- Assessing insurance applications to determine the level of risk involved.
- Evaluating client information, including claims history, financial records, and other relevant documentation.
- Accepting, declining, or modifying insurance proposals based on underwriting guidelines.
- Determining appropriate premiums, policy terms, conditions, and coverage limits.
- Ensuring all underwriting decisions comply with company policies, industry regulations, and legal requirements.
- Liaising with brokers, agents, relationship managers, and clients regarding underwriting decisions.
- Maintaining accurate underwriting records and documentation.
- Ensuring timely issuance of insurance quotations, policies, and renewal notices.
- Ensuring excellent customer service by responding promptly to underwriting queries.
- Preparing underwriting reports for management.
Requirements
- Strong analytical and risk assessment skills.
- Sound knowledge of insurance principles and underwriting practices.
- Excellent numerical and financial analysis skills.
- Attention to detail.
- Decision-making and problem-solving ability.
- Communication and negotiation skills.
- Customer service orientation.
- Knowledge of insurance legislation and regulatory requirements.
- Computer literacy and proficiency in insurance management systems.
- Ability to work under pressure and meet deadlines.
- Bachelor’s Degree in Insurance, Risk Management, Finance, Actuarial Science, Business Studies, Economics, or a related field.
- Professional insurance qualifications (such as ACII, Diploma in Insurance, or equivalent) are an added advantage.
- 2-5 years’ underwriting experience, depending on the level of the role.
How to Apply
Apply by email: [email protected]
About the Company
AFC Insurance Company stands as a key insurance provider operating within Zimbabwe. Headquartered at Hurudza House, 14-16 Nelson Mandela Avenue, Harare, the company is dedicated to offering robust insurance solutions to the Zimbabwean market. It facilitates comprehensive underwriting services, alongside efficient claims processing for its clients. As a proudly Zimbabwean entity, AFC Insurance Company plays a vital role in providing financial security and risk management services across the nation. For all insurance-related needs, the company's teams in Harare are ready to assist.
Delivering reliable insurance services across Zimbabwe.
Website: https://www.afcholdings.co.zw/wp-content/uploads/2024/03/2024-AFC-INSURANCE-COMPANY-PROFILE-.pdf
Frequently Asked Questions
What qualifications and experience are typically required to become an Underwriter in Zimbabwe?
Candidates usually need a Bachelor's degree in Insurance, Actuarial Science, Finance, or Business Studies. Professional certifications like the Certificate of Proficiency (COP) or programs from the Insurance Institute of Zimbabwe (IIZ) are highly valued. Practical experience, even through internships, is often a significant advantage.
What are the primary day-to-day responsibilities of an Underwriter at an insurance company like AFC Insurance?
Underwriters primarily assess insurance applications, evaluate risks, and determine appropriate coverage and premiums for clients. They also communicate policy terms, ensure compliance with regulatory standards, and assist in claims processing. This role requires meticulous attention to detail and strong analytical skills.
What is the typical work culture like for an Underwriter within the Zimbabwean insurance sector, especially regarding expectations?
The work culture often emphasizes professionalism, strong client relationships, and adherence to local regulatory frameworks. Underwriters are expected to be diligent, ethical, and possess excellent communication skills to interact effectively with brokers and clients. Continuous learning and adaptation to market changes are also highly valued.
What are the realistic career progression paths for an Underwriter at an insurance company in Zimbabwe?
An Underwriter can typically advance to Senior Underwriter, Team Leader, or Underwriting Manager roles within an insurance company. Further progression might lead to positions in risk management, product development, or even executive management within the broader financial services sector. Continuous professional development and acquiring advanced certifications are key for growth.
What typical benefits can an Underwriter expect to receive from a full-time position in Zimbabwe?
Full-time Underwriters in Zimbabwe usually receive benefits such as medical aid coverage and contributions to a pension fund. Paid annual leave and sick leave are standard entitlements, often supplemented by performance-based incentives or bonuses. Specific benefit packages can vary slightly between employers.
What are Zimbabwean employers, specifically in insurance, looking for in an Underwriter candidate, and what's the best way to apply?
Employers seek candidates with strong analytical skills, attention to detail, sound knowledge of insurance principles, and excellent communication abilities. A well-structured CV highlighting relevant qualifications and practical experience, along with a compelling cover letter outlining your suitability, are crucial for a successful application. Emphasizing regulatory knowledge and client-centric skills is also beneficial.