Risk Management Analyst Job Vacancy in Gwanda, Zimbabwe – Insurance

Job Description

Position: Risk Management Analyst

Company: Old Mutual Zimbabwe

Location: Gwanda, Zimbabwe

Experience: 3-5 years

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

Employment Type: Full-time

Industry: Insurance

Department: Risk Management

Salary: SSP 250,000 – SSP 350,000 per month

Vacancies:1

Company Overview

Old Mutual Zimbabwe is a leading financial services provider with a heritage spanning over a century across Africa. Operating under the globally recognized Old Mutual brand, the company offers a comprehensive suite of insurance, investment, and retirement solutions to individuals and businesses throughout Zimbabwe. With a strong commitment to innovation, customer centricity, and community development, Old Mutual Zimbabwe has built a reputation for reliability and excellence. The organization’s presence in Gwanda supports regional growth and contributes to the economic vitality of the Southern Matabeleland Province, making it an attractive destination for professionals seeking meaningful career opportunities in the insurance sector.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating risks associated with insurance products and underwriting processes. Reporting to the Head of Risk Management, the analyst will collaborate with cross‑functional teams to develop risk models, conduct portfolio analysis, and ensure compliance with regulatory standards. This position offers a unique platform to influence strategic decisions, enhance underwriting profitability, and support the company’s mission of delivering secure financial solutions. Candidates will find this role advertised on Zimbabwe Job Search, a premier portal for Zimbabwe Jobs and Career Opportunities in Zimbabwe.

Key Responsibilities

• Analyze insurance portfolios to identify emerging risk trends and recommend mitigation strategies.
• Develop and maintain quantitative risk models using statistical tools and actuarial techniques.
• Collaborate with underwriting teams to assess risk exposure and ensure appropriate pricing.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Monitor compliance with local insurance regulations and internal risk policies.
• Support the design and implementation of risk‑based capital allocation frameworks.
• Participate in business continuity planning and disaster recovery initiatives.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, R, or Python.
• Excellent understanding of insurance underwriting, actuarial concepts, and risk assessment.
• Effective communication skills for presenting complex findings to non‑technical stakeholders.
• Attention to detail and ability to work under tight deadlines.
• Knowledge of Zimbabwe’s insurance regulatory environment.
• Team‑oriented mindset with collaborative problem‑solving approach.

Education

A Bachelor’s degree in Finance, Economics, Actuarial Science, Mathematics, or a related discipline is required. Professional certifications such as CFA, FRM, or actuarial qualifications are considered advantageous and demonstrate a commitment to continuous professional development.

Experience

The ideal candidate will have 3‑5 years of hands‑on experience in risk analysis, insurance underwriting, or actuarial functions within the insurance industry. Experience with risk modeling software, data analytics, and regulatory reporting will be highly valued.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per month, reflecting the candidate’s expertise, experience, and the strategic importance of the role. Salary is complemented by performance‑based incentives and a comprehensive benefits suite.

Benefits

• Medical and dental coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Annual performance bonus linked to risk management outcomes.
• Paid parental and compassionate leave.
• Employee assistance program and wellness initiatives.
• Flexible working arrangements and remote work options where applicable.

Training

• Access to internal risk management workshops and seminars.
• Support for professional certifications such as FRM or actuarial exams.
• Mentorship program with senior risk leaders.
• Continuous learning platform for up‑skilling in data analytics and emerging risk trends.

Working Environment

Old Mutual Zimbabwe fosters an inclusive, collaborative, and forward‑thinking workplace. The Gwanda office offers a modern, well‑equipped environment with open‑plan workspaces, meeting rooms, and a comfortable break area. Employees benefit from a culture that values diversity, encourages innovative thinking, and promotes work‑life balance, making it an ideal setting for professionals seeking Employment in Zimbabwe and long‑term career growth.

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 careers page. Applications will be reviewed by the Talent Acquisition team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Gwanda office.

Equal Opportunity Statement

Old Mutual Zimbabwe 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. Our hiring practices reflect our dedication to fairness, and we encourage all qualified individuals to apply for this Job Vacancy in Zimbabwe.