Insurance Underwriting Analyst Job Vacancy in Kahama, Tanzania – Insurance & Financial Services

Job Description

Position: Insurance Underwriting Analyst

Company: Britam Tanzania

Location: Kahama, Tanzania

Experience: 3-5 years in insurance underwriting or risk assessment

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

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: SSP 1,500,000 – SSP 2,500,000 per annum

Vacancies:1

Company Overview

Britam Tanzania is a leading provider of comprehensive insurance and financial solutions across East Africa. With a strong presence in Tanzania for over two decades, Britam delivers life, health, motor, property and corporate insurance products tailored to the diverse needs of individuals and businesses. The company is committed to innovation, customer centricity and sustainable growth, positioning itself as a top employer for professionals seeking dynamic career opportunities. As part of its expansion strategy, Britam is establishing a new underwriting hub in Kahama to serve the growing agricultural and mining sectors in the region, creating a vibrant environment for talent development and community impact. This role contributes directly to Britam’s mission of protecting assets and fostering financial security throughout Tanzania.

Job Overview

The Insurance Underwriting Analyst will join the Underwriting Department in Kahama, supporting the assessment, pricing and approval of insurance proposals for commercial and personal lines. Working closely with senior underwriters, actuaries and sales teams, the analyst will evaluate risk profiles, analyse financial statements, and apply underwriting guidelines to ensure profitable and compliant policy issuance. This position offers a unique opportunity to engage with a broad portfolio of clients, from smallholder farmers to large manufacturing firms, while leveraging cutting‑edge underwriting software and data analytics tools. The role is central to Britam’s commitment to delivering tailored risk solutions and enhancing the overall underwriting process. For more information about Britam’s career path, visit Tanzania Job Search.

Key Responsibilities

• Analyse insurance applications, financial statements, and risk data to determine appropriate coverage and pricing.
• Prepare detailed underwriting reports and recommendations for senior underwriters and management.
• Collaborate with sales agents to clarify policy terms, address client queries, and ensure accurate documentation.
• Maintain compliance with regulatory standards set by the Tanzania Insurance Regulatory Authority (TIRA).
• Utilise underwriting software and predictive analytics to improve risk assessment accuracy.
• Monitor existing policies for changes in risk exposure and recommend adjustments or renewals.
• Assist in developing and updating underwriting guidelines specific to the Kahama market.
• Participate in periodic audits and contribute to continuous improvement initiatives.

Required Skills

• Strong analytical and quantitative abilities with attention to detail.
• Proficiency in Microsoft Office Suite, especially Excel, and familiarity with underwriting platforms.
• Excellent communication skills for interaction with clients, agents and internal teams.
• Ability to interpret financial statements, credit reports and industry data.
• Knowledge of Tanzanian insurance regulations and market trends.
• Problem‑solving mindset and capacity to work under tight deadlines.

Education

A bachelor’s degree in Finance, Business Administration, Economics, 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 have 3‑5 years of hands‑on experience in insurance underwriting, risk assessment, or a closely related field. Experience within the Tanzanian market, particularly in commercial lines, will be highly valued.

Salary

The compensation package ranges from SSP 1,500,000 to SSP 2,500,000 annually, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the remuneration structure.

Benefits

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

Training

• On‑boarding program covering Britam’s underwriting policies, systems and compliance standards.
• Continuous learning modules on risk analytics, emerging insurance products and regulatory updates.
• Mentorship from senior underwriters and access to industry conferences.

Working Environment

The Kahama office offers a modern, collaborative workspace equipped with high‑speed internet, ergonomic furniture and meeting rooms designed for teamwork. Employees benefit from a supportive culture that encourages innovation, knowledge sharing and work‑life balance. Britam promotes diversity and inclusion, ensuring that all staff feel valued and respected.

Application Process

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

Equal Opportunity Statement

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