Risk Underwriting Analyst Job Vacancy in Saly, Senegal – Insurance

Job Description

Position:Risk Underwriting Analyst

Company:AXA Assurance Sénégal

Location:Saly, Senegal

Experience:2-4 years in underwriting or risk analysis

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

Employment Type:Full-time

Industry:Insurance

Department:Risk Management

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

Vacancies:1

Company Overview

AXA Assurance Sénégal is a leading subsidiary of the global AXA Group, a multinational insurance and asset management company operating in more than 60 countries. In Senegal, AXA provides a comprehensive portfolio of life, health, property, and casualty insurance solutions tailored to individuals, families, and businesses. With a strong commitment to innovation, customer centricity, and sustainable development, AXA has become a trusted brand for risk protection across the West African region. The company’s presence in Saly, a vibrant coastal city known for tourism and growing commercial activity, reflects its strategic focus on expanding insurance coverage to emerging markets and supporting the economic resilience of local communities. As part of its mission, AXA Assurance Sénégal actively contributes to financial inclusion, digital transformation, and community development, making it an attractive employer for professionals seeking meaningful impact and career growth in the insurance sector. This role offers a unique opportunity to join a dynamic team that values expertise, collaboration, and continuous improvement while delivering top‑tier risk solutions to a diverse client base.

Job Overview

The Risk Underwriting Analyst will play a pivotal role in evaluating, pricing, and managing insurance risks for both corporate and individual portfolios. Reporting to the Head of Underwriting, the analyst will conduct detailed risk assessments, analyze actuarial data, and collaborate with sales and claims teams to ensure profitable underwriting decisions. This position is integral to maintaining AXA’s high standards of risk selection, supporting the company’s growth objectives, and upholding regulatory compliance. The role also involves leveraging advanced analytics tools and market intelligence to enhance underwriting guidelines and contribute to product development initiatives. Candidates will have the chance to work in a supportive environment that encourages professional development and offers exposure to international best practices in insurance underwriting. For more information about AXA’s career opportunities, visit the main portal at https://senegaljobsearch.com.

Key Responsibilities

• Perform comprehensive risk assessments for new and renewal insurance proposals, including analysis of financial statements, industry trends, and loss histories.
• Develop and recommend appropriate pricing structures, coverage limits, and policy terms in line with AXA’s underwriting guidelines.
• Collaborate closely with sales agents, brokers, and client relationship managers to gather necessary information and provide underwriting expertise.
• Utilize statistical models and predictive analytics to forecast loss ratios and profitability for assigned portfolios.
• Prepare detailed underwriting reports and present findings to senior management for decision‑making.
• Monitor and review existing policies to identify opportunities for risk mitigation, premium adjustments, or policy enhancements.
• Ensure compliance with local regulatory requirements, internal policies, and international best practices.
• Participate in the development and refinement of underwriting manuals, rating tools, and risk selection criteria.
• Support the claims department by providing insights into risk factors and assisting in dispute resolution when necessary.
• Stay updated on market developments, emerging risks, and competitive offerings to maintain AXA’s competitive edge.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, SQL, and statistical software.
• Excellent written and verbal communication skills in French and English.
• Attention to detail and ability to interpret complex financial and actuarial data.
• Solid understanding of insurance principles, underwriting processes, and risk management concepts.
• Effective teamwork and collaboration skills, with a customer‑focused mindset.
• Ability to work under pressure and meet tight deadlines while maintaining high quality standards.
• Proficiency in using underwriting platforms and digital tools for risk assessment.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, Actuarial Science, or a related discipline is required. Candidates holding professional certifications such as Chartered Insurance Analyst (CIA) or Associate in Risk Management (ARM) are highly regarded and may receive preference during the selection process.

Experience

Applicants should possess 2 to 4 years of hands‑on experience in insurance underwriting, risk analysis, or actuarial support within a reputable insurance firm or financial institution. Experience in the West African market, particularly in Senegal, is advantageous, as is familiarity with local regulatory frameworks and market dynamics.

Salary

The compensation package ranges from 1,500,000 to 2,500,000 SSP per month, commensurate with experience, qualifications, and performance. In addition to the base salary, the role includes performance‑based bonuses, health insurance, and a retirement savings plan.

Benefits

• Comprehensive health and dental coverage for employee and dependents.
• Retirement savings scheme with employer contributions.
• Annual performance bonus linked to individual and company results.
• Paid annual leave, public holidays, and sick leave.
• Flexible working arrangements and remote work options where applicable.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering AXA’s underwriting philosophy, systems, and compliance standards.
• Access to AXA’s global learning platform for continuous professional development.
• Mentorship from senior underwriters and actuarial experts.
• Opportunities to attend industry conferences, workshops, and certification courses.

Working Environment

AXA Assurance Sénégal offers a modern, collaborative office environment in Saly, equipped with state‑of‑the‑art technology and comfortable workspaces. The company promotes a culture of inclusion, diversity, and innovation, encouraging employees to share ideas and contribute to continuous improvement. Employees benefit from a supportive leadership team, transparent communication, and a strong emphasis on work‑life balance.

Application Process

Interested candidates are invited to submit their updated CV and a cover letter outlining their relevant experience and motivation for applying through the online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for a virtual interview followed by an on‑site assessment. For additional details on the recruitment timeline and FAQs, please visit https://www.namibiajobsearch.com/.

Equal Opportunity Statement

AXA Assurance Sénégal is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, age, disability, ethnicity, religion, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.