Insurance Underwriting Analyst Job Vacancy in Onitsha, Nigeria – Insurance & Risk Management

Job Description

Position:Insurance Underwriting Analyst

Company:AXA Mansard Insurance

Location:Onitsha, Nigeria

Experience:2-4 years

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

Employment Type:Full-time

Industry:Insurance & Risk Management

Department:Underwriting

Salary:₦2,500,000 – ₦3,500,000 per annum

Vacancies:1

Company Overview

AXA Mansard Insurance is a leading provider of comprehensive insurance solutions in Nigeria, backed by the global expertise of the AXA Group. With a strong focus on innovation, customer centricity, and risk mitigation, the company serves individuals, SMEs, and large corporations across a wide range of insurance products, including life, health, motor, property, and corporate risk solutions. Operating from its headquarters in Lagos and with regional offices in major Nigerian cities, AXA Mansard is committed to fostering a culture of excellence, integrity, and continuous learning. The firm’s dedication to digital transformation has positioned it as a forward‑looking employer, offering career opportunities that align with the evolving landscape of insurance and risk management in Nigeria. As part of its expansion strategy, AXA Mansard is actively hiring talent in emerging markets such as Onitsha, creating new pathways for professionals seeking dynamic roles in the insurance sector. This job posting contributes to the broader goal of providing quality Nigeria Jobs and supporting career growth for candidates across the country.

Job Overview

The Insurance Underwriting Analyst will play a pivotal role in assessing risk, pricing policies, and supporting the underwriting team in delivering tailored insurance solutions to clients in the Onitsha region and beyond. Reporting to the Underwriting Manager, the analyst will evaluate applications, conduct financial and actuarial analyses, and collaborate with sales and claims teams to ensure accurate risk assessment and profitable underwriting decisions. This position offers a unique opportunity to develop expertise in insurance underwriting while contributing to the company’s mission of delivering reliable protection and peace of mind to Nigerians. The role is integral to AXA Mansard’s commitment to hiring in Nigeria and expanding its footprint in the insurance and risk management industry.

Key Responsibilities

• Analyze insurance applications, financial statements, and actuarial data to determine risk exposure.
• Prepare detailed underwriting reports and recommend appropriate premium rates.
• Collaborate with the sales team to provide underwriting guidance and support business development initiatives.
• Monitor existing policies for changes in risk profile and recommend adjustments as needed.
• Assist in the development and maintenance of underwriting guidelines and risk models.
• Utilize underwriting software and data analytics tools to enhance decision‑making efficiency.
• Ensure compliance with regulatory requirements and internal policies.
• Participate in periodic audit reviews and contribute to continuous improvement projects.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and statistical software.
• Excellent written and verbal communication skills.
• Attention to detail and ability to work under tight deadlines.
• Knowledge of Nigerian insurance regulations and market trends.
• Team‑oriented mindset with the ability to collaborate across departments.
• Proficiency in underwriting platforms and risk assessment tools.

Education

A Bachelor’s degree in Finance, Economics, Actuarial Science, Business Administration, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications or actuarial credentials are considered an advantage.

Experience

Applicants should have 2‑4 years of experience in insurance underwriting, risk analysis, actuarial work, or a related field. Experience within the Nigerian insurance market or exposure to emerging market risk assessment is highly desirable.

Salary

The compensation package ranges from ₦2,500,000 to ₦3,500,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses and other incentives aligned with company goals.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan (Pension).
• Paid annual leave and public holidays.
• Professional development allowance.
• Employee assistance program.
• Access to AXA’s global learning platforms.

Training

• Onboarding program covering AXA’s underwriting standards and systems.
• Continuous training in risk modeling, data analytics, and regulatory compliance.
• Mentorship from senior underwriters and actuarial experts.
• Opportunities to attend industry conferences and workshops.

Working Environment

AXA Mansard offers a collaborative, inclusive, and technology‑enabled workplace. The Onitsha office provides modern facilities, flexible working arrangements, and a supportive culture that encourages innovation and professional growth. Employees benefit from a diverse team of experts and a clear career progression path within the insurance sector.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the AXA Mansard Careers portal at https://www.axa.com.ng/careers. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview. The selection process includes a technical assessment, competency interview, and final discussion with the Underwriting Manager.

Equal Opportunity Statement

AXA Mansard Insurance 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. We encourage qualified candidates from all backgrounds to apply and join our team in delivering exceptional insurance solutions across Nigeria.