Insurance Underwriter Job Vacancy in Mendefera, Eritrea – Insurance

Job Description

Position: Insurance Underwriter

Company: Abyssinia Insurance Company

Location: Mendefera, Eritrea

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

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

Salary: SSP 150,000 – SSP 250,000 per month

Vacancies:1

Company Overview

Abyssinia Insurance Company is a leading provider of comprehensive insurance solutions across the Horn of Africa, with a strong presence in Eritrea since 2005. The company offers life, health, property, and commercial insurance products tailored to the unique needs of individuals and businesses. With a commitment to financial stability, customer service excellence, and community development, Abyssinia Insurance has earned a reputation for reliability and innovation. As part of its growth strategy, the company is expanding its underwriting team to support increasing demand for risk management services in Eritrea. This role contributes directly to the company’s mission of safeguarding assets and promoting economic resilience, making it an attractive career path for professionals seeking to make a meaningful impact in the insurance sector. The position also aligns with broader goals of creating quality Eritrea Jobs and supporting the nation’s financial sector development.

Job Overview

The Insurance Underwriter will evaluate insurance applications, assess risk exposure, and determine appropriate policy terms and premiums. Working closely with agents, brokers, and clients, the underwriter ensures that all policies comply with regulatory standards and company guidelines while maintaining profitability. This role involves detailed analysis of financial statements, loss histories, and market trends to make informed underwriting decisions. The successful candidate will play a pivotal role in expanding Abyssinia Insurance’s market share in Eritrea, contributing to the company’s reputation for sound risk assessment and customer satisfaction. For more information about the company’s vision and values, visit the main website https://eritreajobsearch.com.

Key Responsibilities

• Review and analyze insurance applications, including financial statements, credit reports, and loss histories.
• Assess risk factors and determine appropriate coverage limits, deductibles, and premium rates.
• Prepare detailed underwriting reports and recommendations for senior management approval.
• Collaborate with sales agents and brokers to clarify policy terms and negotiate favorable conditions.
• Ensure compliance with Eritrean insurance regulations and internal underwriting guidelines.
• Monitor portfolio performance, identify emerging risks, and recommend adjustments to underwriting strategies.
• Maintain accurate records in the underwriting system and contribute to data-driven decision making.
• Participate in market research to stay informed about industry trends and competitive offerings.

Required Skills

• Strong analytical and quantitative abilities with attention to detail.
• Excellent written and verbal communication skills for interacting with clients and internal teams.
• Proficiency in underwriting software and Microsoft Office Suite, especially Excel.
• Ability to interpret complex financial data and assess risk exposure.
• Negotiation skills and a customer‑focused mindset.
• Knowledge of Eritrean insurance laws and international best practices.
• Time management and ability to prioritize multiple cases simultaneously.

Education

A bachelor’s degree in Finance, Economics, Actuarial Science, Business Administration, or a related discipline is required. Professional certifications such as Chartered Insurance Analyst (CIA) or Associate in Underwriting (AU) are advantageous and demonstrate a commitment to the field.

Experience

Candidates should have three to five years of hands‑on underwriting experience within the insurance industry, preferably in property, casualty, or commercial lines. Experience in the Eritrean market or similar emerging economies is highly valued, as it provides insight into local risk factors and regulatory environments.

Salary

The compensation package ranges from SSP 150,000 to SSP 250,000 per month, commensurate with experience, qualifications, and performance. The salary structure is competitive within the Eritrean insurance sector and reflects the strategic importance of the underwriting function.

Benefits

• Health insurance coverage for the employee and eligible dependents.
• Retirement savings plan with employer contributions.
• Annual performance‑based bonus.
• Paid annual leave and public holidays.
• Professional development allowance for certifications and training.

Training

• Comprehensive onboarding program covering company policies, underwriting guidelines, and regulatory compliance.
• Ongoing mentorship from senior underwriters and risk managers.
• Access to industry seminars, webinars, and conferences to stay current with best practices.
• Internal workshops on advanced risk modeling and data analytics.

Working Environment

The role is based in a modern office in Mendefera, offering a collaborative atmosphere with open‑plan workspaces, meeting rooms, and a quiet area for focused analysis. Abyssinia Insurance promotes a culture of continuous learning, teamwork, and ethical conduct. Employees benefit from flexible working hours and the possibility of occasional remote work, ensuring a healthy work‑life balance while meeting business objectives.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining relevant experience through the online portal on the company’s career 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. For additional career resources and guidance on applying for Jobs in Eritrea, visit https://www.somaliajobsearch.com/. The recruitment process is designed to be transparent, efficient, and respectful of all applicants.

Equal Opportunity Statement

Abyssinia Insurance Company 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, ensuring that our workforce reflects the rich cultural tapestry of Eritrea.