Senior Insurance Underwriting Analyst Job Vacancy in Mbalmayo, Cameroon – Insurance

Job Description

Position: Senior Insurance Underwriting Analyst

Company: AXA Assurance Cameroun

Location: Mbalmayo, Cameroon

Experience: 5-7 years in insurance underwriting

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

Employment Type: Full-time

Industry: Insurance

Department: Underwriting

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

Vacancies:1

Company Overview

AXA Assurance Cameroun is a leading global insurer with a strong presence across Africa, offering a comprehensive portfolio of life, health, and property‑casualty solutions. With a commitment to innovation, customer centricity, and sustainable growth, AXA has built a reputation for financial strength and reliability. Operating in Cameroon for over two decades, the company supports local economies, promotes financial inclusion, and invests in community development programs. As part of its expansion strategy, AXA is establishing a new underwriting hub in Mbalmayo, creating exciting career opportunities for professionals seeking to advance in the insurance sector. This role contributes directly to AXA’s mission of protecting people and businesses while delivering superior service across the region. The posting aligns with the growing demand for skilled insurance talent in Cameroon and reinforces AXA’s dedication to hiring locally and fostering talent development.

Job Overview

The Senior Insurance Underwriting Analyst will lead the evaluation, pricing, and risk assessment of commercial and corporate insurance proposals. Reporting to the Underwriting Manager, the analyst will collaborate with brokers, actuaries, and claims teams to ensure profitable underwriting decisions that meet AXA’s risk appetite. The role involves developing underwriting guidelines, conducting detailed financial analysis, and presenting recommendations to senior leadership. Candidates will work in a dynamic environment that values analytical rigor, strategic thinking, and continuous improvement. For more information about AXA’s career pathways, visit https://cameroonjobsearch.com/. This position offers a unique platform to influence underwriting practices and contribute to the growth of insurance services in Cameroon, supporting the broader goal of expanding access to quality insurance products.

Key Responsibilities

• Analyze commercial insurance applications, including financial statements, risk reports, and market data.
• Develop and refine underwriting guidelines to align with AXA’s risk appetite and regulatory requirements.
• Collaborate with brokers and agents to gather necessary documentation and clarify coverage needs.
• Prepare detailed risk assessments, pricing models, and profitability forecasts.
• Present underwriting recommendations to senior management and secure approvals.
• Monitor portfolio performance, identify emerging trends, and recommend corrective actions.
• Assist in the preparation of annual underwriting reports and regulatory filings.
• Mentor junior underwriters and provide training on best practices.
• Participate in cross‑functional projects aimed at improving underwriting efficiency and digital transformation.
• Ensure compliance with internal policies, local regulations, and AXA’s ethical standards.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and underwriting software.
• Excellent communication and negotiation skills for interacting with brokers and internal stakeholders.
• Deep understanding of commercial insurance products, risk assessment techniques, and pricing methodologies.
• Ability to interpret financial statements and assess credit risk.
• Attention to detail and strong organizational skills.
• Proficiency in French and English, both written and spoken.
• Problem‑solving mindset with a proactive approach to continuous improvement.
• Knowledge of Cameroonian insurance regulations and market dynamics.

Education

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

Experience

Applicants must have 5‑7 years of proven experience in commercial insurance underwriting, preferably within a multinational insurer or a reputable brokerage firm. Experience in the Central African market or similar emerging economies is highly valued.

Salary

The compensation package ranges from SSP 1,500,000 to SSP 2,500,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a pension scheme.

Benefits

• Comprehensive health and dental coverage.
• Retirement savings plan with employer contributions.
• Annual performance bonus.
• Professional development allowance.
• Flexible working hours and remote work options.
• Employee assistance program.
• Paid parental and sick leave.
• Transportation allowance for commuting to Mbalmayo office.

Training

• Onboarding program covering AXA’s underwriting policies and systems.
• Access to AXA Academy for continuous learning and certification support.
• Mentorship from senior underwriters and actuarial experts.
• Workshops on emerging risks, digital underwriting tools, and regulatory updates.

Working Environment

AXA Assurance Cameroun offers a collaborative, inclusive, and technology‑driven workplace. The Mbalmayo office is equipped with modern workstations, secure data systems, and meeting spaces designed for teamwork. Employees benefit from a culture that encourages innovation, respects work‑life balance, and celebrates diversity. The company promotes a safe and healthy environment, adhering to global standards and local regulations.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining relevant experience through the AXA careers portal. Applications will be reviewed by the recruitment team, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment in Mbalmayo. The hiring process typically takes four to six weeks.

Equal Opportunity Statement

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