Chief Executive Officer (CEO) – National Insurance Company Limited (Government of Pakistan)

National Insurance Company Limited (NICL), a premier public sector general insurance insurer owned by the Government of Pakistan, invites applications for the post of Chief Executive Officer (CEO) on a contract basis.

Minimum Qualification & Experience

Bachelor's degree or equivalent qualification recognized by the Higher Education Commission (HEC). Candidates should have at least 10 years' overall experience in the insurance industry, including 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.

Alternate acceptable qualifications include professional actuarial designations such as ACII/FCII or Fellow/Associate of a recognized actuarial institute/society, or a Master's degree in Insurance, Risk Management or Actuarial Science from a university recognized by HEC with the required insurance-sector experience.

Selection & Regulatory Conditions

No individual will be appointed unless they meet the criteria prescribed under the Insurance Companies (Sound and Prudent Management) Regulations, 2012, and obtain approval of the Securities & Exchange Commission of Pakistan (SECP). The selected candidate will be required to submit attested copies of educational certificates, CNIC and two recent passport-size photographs. No TA/DA will be admissible for interview. Candidates must be Pakistani nationals.

Key Responsibilities

• Implement the company's vision, mission and goals as approved by the Board of Directors.
• Report company performance to the Board and provide inspired leadership to promote a culture of performance and accountability.
• Develop and execute short- and long-term operational policies and strategic plans.
• Provide a marketing plan and vision for future development and lead product and business development initiatives.
• Monitor and manage company risks; ensure adequate internal controls and compliance with laws and regulations.
• Oversee financial responsibilities in coordination with the CFO, including budgeting, cash management and investments, and keep the Board informed.
• Work closely with Human Resources to streamline hiring practices, compensation, and performance management.
• Ensure quality control, corporate social responsibility, and representation of the company at important functions and industry events.

Terms: Remuneration will be determined based on the selected candidate's experience and competence. Appointment is on a contractual basis and subject to fulfillment of all applicable laws, regulations and SECP requirements.