Risk Underwriting Analyst Job Vacancy in Caxito, Angola – Insurance

Job Description

Position: Risk Underwriting Analyst

Company: Allianz Angola

Location: Caxito, Angola

Experience: 3-5 years

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

Salary: SSP 250,000 – 400,000 per month

Vacancies:1

Company Overview

Allianz Angola is a leading provider of insurance solutions in the region, part of the global Allianz Group renowned for its financial strength, innovative products, and commitment to customer satisfaction. With a strong presence across Africa, Allianz Angola offers a comprehensive portfolio ranging from life and health insurance to property and casualty coverage. The company’s mission is to protect individuals, families, and businesses against unforeseen risks while fostering sustainable growth and community development. As part of its expansion strategy, Allianz Angola is investing in talent acquisition to strengthen its underwriting capabilities, ensuring that it remains at the forefront of the insurance market in Angola. This role contributes directly to the company’s vision of delivering reliable, customer‑centric services and creating career opportunities in Angola, aligning with the broader goal of supporting economic stability and resilience.

Job Overview

The Risk Underwriting Analyst will play a pivotal role in evaluating insurance applications, assessing risk exposure, and determining appropriate pricing structures for a diverse client base. Working within the Underwriting Department, the analyst collaborates closely with senior underwriters, actuaries, and sales teams to ensure that underwriting decisions align with Allianz’s risk appetite and profitability targets. This position offers a unique opportunity to develop expertise in insurance risk assessment while contributing to the growth of a reputable international insurer operating in Angola. Candidates will engage with cutting‑edge underwriting tools and data analytics platforms, enhancing their professional skill set in a dynamic environment. For more information about Allianz Angola and its career opportunities, please visit Angola Job Search.

Key Responsibilities

• Analyze insurance applications and supporting documentation to assess risk levels and determine eligibility.
• Utilize actuarial data, statistical models, and industry benchmarks to calculate premiums and recommend coverage limits.
• Prepare detailed underwriting reports and risk summaries for senior underwriters and management review.
• Collaborate with sales agents to gather additional information, clarify policy terms, and address client inquiries.
• Monitor and review existing policies to identify opportunities for renewal, endorsement, or risk mitigation.
• Maintain accurate records in underwriting systems, ensuring compliance with regulatory standards and internal policies.
• Participate in continuous improvement initiatives, suggesting enhancements to underwriting processes and tools.
• Stay updated on market trends, regulatory changes, and emerging risks affecting the insurance sector in Angola.

Required Skills

• Strong analytical abilities with proficiency in quantitative risk assessment.
• Excellent written and verbal communication skills in Portuguese and English.
• Attention to detail and ability to work under tight deadlines.
• Proficiency with Microsoft Office Suite, especially Excel, and familiarity with underwriting software.
• Team‑oriented mindset with the capacity to collaborate across departments.
• Problem‑solving orientation and proactive approach to identifying risk factors.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, Actuarial Science, or a related discipline is required. Professional certifications such as Chartered Insurance Analyst (CIA) or equivalent are advantageous but not mandatory.

Experience

Applicants should possess 3 to 5 years of experience in insurance underwriting, risk analysis, or a related financial services role. Experience within the Angolan market or familiarity with local regulatory frameworks will be considered a strong asset.

Salary

The compensation package ranges from SSP 250,000 to SSP 400,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the total rewards structure.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays in accordance with Angolan labor law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Allianz’s underwriting guidelines, systems, and compliance standards.
• Continuous learning modules on risk modeling, data analytics, and emerging insurance products.
• Mentorship opportunities with senior underwriters and actuarial experts.

Working Environment

Allianz Angola offers a modern office environment in Caxito equipped with collaborative workspaces, advanced IT infrastructure, and a culture that values diversity, inclusion, and innovation. Employees benefit from flexible working arrangements where appropriate, fostering a healthy work‑life balance while delivering high‑quality service to clients.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on the company’s career page. Applications will be reviewed by the recruitment team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

Allianz Angola 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.