Chief Executive Officer (CEO) – National Insurance Company Limited (NICL), Karachi

National Insurance Company Limited (NICL) invites applications for the position of Chief Executive Officer (CEO) on a contract basis for a period of three (03) years. The CEO will be based at the Head Office in Karachi.

Minimum qualifications & experience: A bachelor’s degree or equivalent qualification recognized by the Higher Education Commission of Pakistan. Candidates should have at least 10 years’ total experience with a minimum of 5 years’ experience as a Key Officer, Director, Chief Executive or Principal Officer in the insurance industry or as an officer with an Insurance Regulator.

Alternative/Desirable professional qualifications include fellowship or associate membership of actuarial or insurance institutes (e.g., ACII, FCII or Fellow/Associate of an Institute/Society of Actuaries) or a master’s degree in Risk Management or Actuarial Science from a university recognized by HEC, with relevant senior experience as above.

No individual will be appointed unless they meet the criteria set out in the Insurance Companies (Sound and Prudent Management) Regulations, 2012 and other applicable laws and the appointment is subject to approval by the SECP. No person shall be appointed as CEO unless he/she is a citizen of Pakistan.

Key responsibilities include: implementing the company’s vision, mission and strategic goals; reporting company performance to the Board; providing leadership and creating a culture of performance and accountability; developing and executing short- and long-term operational policies and strategic plans; assessing and monitoring risks; overseeing company finances in close coordination with the CFO (budgets, cash management, investments, internal audits); working with Human Resources on recruitment, hiring practices and employee benefits; ensuring quality control across departments; ensuring legal and regulatory compliance; representing the company at important industry functions and public meetings; evaluating senior executives; and ensuring adherence to corporate social responsibility.

Selection & other instructions: Eligibility and final selection will be determined in accordance with approved government policy. Only shortlisted candidates will be invited for interview; candidates will not be entitled to TA/DA for interviews. Applicants should submit a CV, copies of educational certificates and degrees, CNIC and two recent passport-size photographs as part of the application process. The remuneration package will be determined based on the candidate’s experience and competence.