Job Advertisement Details

A Public Sector Insurance Company based in Karachi, Sindh, Pakistan, has announced vacancies for the position of Chief Executive Officer (CEO), as per the advertisement published in Daily Jang Newspaper on December 23, 2024. The company is seeking applications from qualified candidates with a proven track record of high performance in the insurance industry.

  • Category/Sector: Government
  • Education Requirements: Bachelor | Master | MS | BS
  • Vacancy Location: Karachi, Sindh, Pakistan
  • Organization: Public Sector Insurance Company
  • Job Industry: Management Jobs
  • Job Type: Full Time
  • Expected Last Date: January 6, 2025

Position Details

  1. Chief Executive Officer (CEO)
  2. Qualifications and Experience Criteria:

Educational Requirements:

  • A Bachelor’s degree or its equivalent from an institution recognized by the Higher Education Commission (HEC) of Pakistan, or an equivalent qualification recognized by the HEC.
  • Alternatively, candidates holding qualifications such as ACII (Associate of the Chartered Insurance Institute) or FCII (Fellow of the Chartered Insurance Institute), or a qualification recognized by the Pakistan Society of Actuaries (PSA) will also be considered.
  • A Master’s degree in Insurance Risk Management or Insurance Sciences from an HEC-recognized university is also acceptable.

Experience Requirements:

  • At least 10 years of experience, with a minimum of 5 years in a senior position within the insurance industry.
  • Candidates with specific qualifications like ACII, FCII, or equivalent and relevant experience in the insurance sector will be preferred.
  • Age Limit: The candidate should be between 45 to 57 years old as of the date of the advertisement's publication.

Additional Requirements:

  • The candidate must meet the criteria specified under the Insurance Companies (Sound and Prudent Management) Regulations, 2012, issued by the Securities and Exchange Commission of Pakistan (SECP).
  • The appointment will be for a period of 3 years, and the employment contract will include detailed terms and conditions.

Job Responsibilities:

The selected candidate will be responsible for leading the organization, ensuring compliance with industry regulations, and overseeing the day-to-day operations of the company.

Terms and Conditions:

  • Selection Process: Only shortlisted candidates will be called for interviews. No TA/DA will be provided for the interview or selection process.
  • The final selection will be based on eligibility criteria as per the provisions of the Insurance Companies (Sound and Prudent Management) Regulations, 2012, and the Public Sector Companies (Guidelines 2015).

General Instructions:

  • Candidates must submit their detailed CV, along with their latest salary slip, and recent photograph, as per the format specified in Annexure A and Annexure B of the Public Sector Companies (Guidelines 2015).
  • Only shortlisted candidates will be invited for interviews.
  • No TADA will be provided for the interview process.
  • Applications must be sent within 15 days of the publication of this advertisement.

How to Apply

Interested candidates are required to send their applications to the following address:

Public Sector Insurance Company
Address: No. 122, [Address Line]
Applications must be submitted by January 6, 2025.

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