Insurance Underwriting Specialist Job Vacancy in Musanze, Rwanda – Insurance & Financial Services

Job Description

Position: Insurance Underwriting Specialist

Company: AIA Rwanda

Location: Musanze, Rwanda

Experience: 3-5 years of underwriting experience in insurance

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

Employment Type: Full-time

Industry: Insurance & Financial Services

Department: Underwriting

Salary: SSP 800,000 – SSP 1,200,000 per month

Vacancies:1

Company Overview

AIA Rwanda is a leading life insurance provider operating across the East African region, delivering innovative protection and savings solutions to individuals, families, and businesses. With a strong commitment to financial inclusion, AIA Rwanda leverages cutting‑edge technology, data‑driven insights, and a customer‑centric culture to create value for policyholders and stakeholders alike. The company’s mission aligns with Rwanda’s Vision 2050, supporting economic growth, social development, and resilient financial ecosystems. As part of a global network, AIA Rwanda offers employees a dynamic environment where professional growth, diversity, and community impact are celebrated. This role contributes directly to the company’s strategic objective of expanding market share while maintaining rigorous risk standards, making it an exciting opportunity for ambitious insurance professionals seeking to shape the future of financial services in Rwanda.

Job Overview

The Insurance Underwriting Specialist will be responsible for evaluating, pricing, and approving insurance proposals in accordance with AIA Rwanda’s underwriting guidelines and regulatory requirements. Working closely with sales, actuarial, and claims teams, the specialist will ensure that risk assessments are accurate, profitable, and aligned with the company’s risk appetite. This position plays a pivotal role in driving sustainable growth, enhancing customer satisfaction, and upholding the integrity of the underwriting process. Candidates will engage with a diverse portfolio of life and health products, applying analytical expertise to support AIA Rwanda’s ambition to become the preferred insurer in the region. For more information about AIA Rwanda’s career opportunities, visit https://rwandajobsearch.com.

Key Responsibilities

• Assess and underwrite life and health insurance applications, ensuring compliance with internal policies and Rwanda’s insurance regulations.
• Analyze applicant data, medical reports, and financial statements to determine appropriate risk classification and premium rates.
• Collaborate with sales agents to provide guidance on product suitability and risk mitigation strategies.
• Maintain accurate underwriting records in the company’s policy administration system.
• Conduct periodic reviews of existing policies to identify opportunities for renewal, endorsement, or risk adjustment.
• Prepare detailed underwriting reports and present findings to senior management for strategic decision‑making.
• Stay updated on market trends, emerging risks, and regulatory changes affecting the insurance sector.
• Support the development and refinement of underwriting guidelines and rating models.

Required Skills

• Strong analytical and quantitative abilities with proficiency in risk assessment tools.
• Excellent written and verbal communication skills for interacting with clients and internal stakeholders.
• Attention to detail and ability to work under tight deadlines while maintaining high accuracy.
• Proficiency in Microsoft Office Suite, especially Excel; experience with underwriting software is a plus.
• Team‑oriented mindset with the capacity to collaborate across departments.
• Knowledge of Rwanda’s insurance regulatory framework and international best practices.

Education

A minimum of a Bachelor’s degree in Finance, Business Administration, Economics, Actuarial Science, or a related discipline is required. Professional certifications such as Chartered Insurance Institute (CII) qualifications or equivalent are advantageous.

Experience

Candidates should possess 3‑5 years of hands‑on underwriting experience within the life or health insurance sector. Experience in the Rwandan market or East African region is highly valued, as is exposure to digital underwriting platforms.

Salary

The compensation package ranges from SSP 800,000 to SSP 1,200,000 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 for employees and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• Professional development allowance and support for certifications.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering AIA Rwanda’s products, systems, and compliance standards.
• Continuous learning workshops on advanced underwriting techniques and emerging risks.
• Mentorship opportunities with senior underwriters and actuarial experts.
• Access to e‑learning platforms for skill enhancement.

Working Environment

AIA Rwanda offers a modern office environment in Musanze equipped with collaborative workspaces, high‑speed internet, and ergonomic furniture. The company promotes a culture of inclusivity, innovation, and work‑life balance, encouraging employees to contribute ideas that drive business excellence.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. For additional details on the application steps, please visit https://www.eritreajobsearch.com/.

Equal Opportunity Statement

AIA Rwanda 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 discrimination.