JOBS IN KARACHI Pakistan Reinsurance Company Limited is seeking a highly capable and visionary corporate leader who can take on the role of Chief Executive Officer under a performance-based contract. The selected candidate will be offered a competitive compensation package aligned with market standards. The appointment will be for a period of three years and is open exclusively to Pakistani citizens.
The maximum age limit for applicants is set at fifty-seven years as of the date of the advertisement. The ideal candidate should possess a strong educational background along with extensive experience in governance administration finance or commerce. JOBS IN KARACHI A high level of professional expertise and a proven track record in leadership roles are essential qualifications for this position.
Applicants must have at least sixteen years of education in relevant fields such as business administration public administration finance commerce or marketing from a reputable institution recognized by the Higher Education Commission. JOBS IN KARACHI Additional qualifications such as membership in professional accounting bodies or associate/fellowship status in actuarial societies will be considered an advantage. Candidates with a master’s degree or equivalent qualification in actuarial sciences from an HEC-recognized university will also be eligible.
Alongside educational credentials a minimum of ten years of experience in governance or top management roles is required. At least six of these years should be at the level of key officer director chief executive principal officer or similar positions within the insurance or reinsurance sector under the relevant regulations. The candidate must demonstrate a deep understanding of the financial landscape and have experience managing complex organizational structures. JOBS IN KARACHI
Interested professionals are required to submit their applications along with the prescribed form necessary documents and an affidavit which can be downloaded from the official website. Applications should be sent to the provided address within fifteen days of the advertisement’s publication. Shortlisted candidates will be called for interviews and no travel allowance or daily allowance will be provided. JOBS IN KARACHI
The selection process will adhere strictly to the Fit and Proper criteria outlined in the relevant regulatory framework. The company reserves the right to accept reject or cancel any part of the recruitment process without providing reasons. Applicants must ensure that they do not hold any other executive positions in a state-owned enterprise or government body. Transparency and merit-based selection will be upheld throughout the recruitment process in line with corporate governance guidelines and public sector regulations.JOBS IN KARACHI
Ministry of Commerce Jobs Detail
| Jobs Detail | Requirements |
|---|---|
| Organization | Pakistan Reinsurance Company Limited (PRCL) |
| Job Type | Contract-based for a period of three years |
| Sector | Government |
| Job Industry | Insurance and Reinsurance |
| Last Date | Within 15 days of the advertisement publication |
| Benefits | Competitive compensation package aligned with market standards |
| Job Function | Chief Executive Officer responsible for leading and managing the organization effectively |
Exciting Vacancies Ahead
- Chief Executive Officer (CEO)
Career Paths to Success at Ministry of Commerce
Pakistan Reinsurance Company Limited commonly known as PakRe is a government-owned entity that provides reinsurance services in Pakistan. JOBS IN KARACHI It plays a vital role in strengthening the insurance sector by offering risk management solutions and financial security to local insurance companies. The company operates under the administrative control of the Ministry of Commerce and is committed to ensuring the stability and growth of the reinsurance industry in the country. With a focus on maintaining international standards PakRe continuously strives to enhance its service quality financial performance and operational efficiency. It provides treaty and facultative reinsurance to both life and non-life insurance companies while also contributing to the overall development of the insurance market in Pakistan.JOBS IN KARACHI
Eligibility Criteria for Application
| Eligibility Criteria | Details |
|---|---|
| Nationality | Must be a Pakistani citizen |
| Age Limit | Maximum 57 years as of the date of the advertisement |
| Education | Minimum 16 years of education in business administration finance commerce marketing or related fields from an HEC-recognized institution |
| Additional Qualifications | Membership in professional accounting bodies or actuarial societies will be an advantage |
| Professional Experience | Minimum 10 years in governance administration finance or commerce |
| Leadership Experience | At least 6 years in a key leadership role such as CEO director or principal officer in the insurance or reinsurance sector |
| Regulatory Compliance | Must meet the Fit and Proper criteria as per the relevant regulations |
| Current Employment | Applicants working in government bodies or state-owned enterprises must fulfill eligibility requirements before applying |
| Contract Duration | The position is on a contract basis for a period of three years |
| Application Deadline | Applications must be submitted within 15 days of the advertisement’s publication |
JOBS IN KARACHI
Perks and Benefits of Working with Ministry of Commerce
Pakistan Reinsurance Company Limited (PakRe) offers a unique opportunity for professionals seeking a dynamic and rewarding career in the reinsurance industry. JOBS IN KARACHI As a government-owned entity operating under the Ministry of Commerce PakRe provides a stable and secure working environment with a strong focus on professional development and career growth. Employees benefit from competitive compensation packages aligned with market standards along with opportunities to work with experienced professionals in the insurance and financial sectors. The company plays a crucial role in strengthening Pakistan’s insurance market by offering risk management solutions and financial security making it an ideal workplace for individuals passionate about contributing to the country’s economic stability and growth.JOBS IN KARACHI
JOBS IN KARACHI Working at PakRe allows professionals to gain valuable exposure to the reinsurance industry while being part of a reputable and well-established organization. The company follows a transparent and merit-based recruitment process ensuring that employees are selected based on their expertise and potential. With a commitment to upholding international standards PakRe provides an environment that encourages learning innovation and leadership development. Employees have the opportunity to engage in strategic decision-making processes and contribute to the long-term success of the company. Additionally as a state-owned enterprise PakRe offers job security structured career progression and a supportive work culture making it an excellent choice for professionals looking to build a stable and impactful career.
JOBS IN KARACHI
Job Expectations
| Job Expectations | Details |
|---|---|
| Leadership | Lead the organization with strategic vision and effective decision-making |
| Governance | Ensure compliance with regulatory requirements and corporate governance standards |
| Financial Management | Oversee financial planning risk management and budgeting |
| Industry Expertise | Possess deep knowledge of the insurance and reinsurance sector |
| Experience | Minimum of 10 years in governance administration finance or commerce |
| Regulatory Compliance | Ensure adherence to insurance and financial regulations |
| Strategic Planning | Develop and implement long-term growth and sustainability strategies |
| Team Management | Lead mentor and manage teams for efficient operations |
| Stakeholder Engagement | Maintain relationships with government authorities financial institutions and clients |
| Decision-Making | Make high-level business decisions in alignment with company objectives |
| Transparency and Ethics | Uphold integrity fairness and accountability in all business dealings |
| Innovation and Growth | Drive business innovation and expansion in the reinsurance sector |
JOBS IN KARACHI
Application Procedures and Guidelines
- Download the prescribed application form and affidavit from the official website of Pakistan Reinsurance Company Limited (www.pakre.org.pk)
- Total the application shape with exact and up-to-date information
- Attach all required documents including educational certificates experience letters and other relevant credentials
- Submit the completed application along with documents to the specified address within 15 days of the advertisement’s publication
- Ensure that the application is properly signed and all necessary information is provided
- Only shortlisted candidates will be reached for the meet process
- No travel allowance or daily allowance (TA/DA) will be provided for attending interviews
- Ensure compliance with the Fit and Proper criteria outlined in relevant regulations
- Applicants currently holding executive positions in state-owned enterprises or government bodies must fulfill eligibility requirements
- The company reserves the right to accept reject or cancel any application process without providing a reason
Compensation Package
- 50k to 80k
Official Address and Contact Numbers
| Contact Information | Details |
|---|---|
| inayatullah@pakre.org.pk | |
| Website URL | www.pakre.org.pk |
| Phone Number | 92-21-99202921, 92-21-99202908-14 |
| Address | PRC Towers 32-A Lalazar Drive M.T. Khan Road P.O. Box No. 4777 Karachi Pakistan |
JOBS IN KARACHI
Official Application Procedures
- Visit the official website of Pakistan Reinsurance Company Limited (www.pakre.org.pk)
- Download the prescribed application form and affidavit from the website
- Fill out the application frame with precise individual and proficient details
- Attach all required documents including educational certificates experience letters and other relevant credentials
- Ensure that the application is properly signed and all necessary details are provided
- Submit the completed application along with documents to the specified address within 15 days of the advertisement’s publication
- Keep a copy of the submitted application for future reference
- Only shortlisted candidates will be contacted for the interview process
- No travel allowance or daily allowance (TA/DA) will be provided for interviews
- Applicants currently holding executive positions in state-owned enterprises or government bodies must fulfill eligibility criteria before applying
FAQs
What is the tenure of the Chief Executive Officer (CEO) position at Pakistan Reinsurance Company Limited?
The appointment will be under a performance-based contract for a period of three years.
What are the minimum qualifications required to apply for the CEO position?
The candidate must have at least 16 years of education in business administration public administration finance commerce marketing or an equivalent field from an HEC-recognized institution along with relevant professional experience.
What is the experience requirement for this position?
Candidates must have a minimum of 10 years of experience in governance administration finance or commerce with at least 6 years in key leadership roles within the insurance or reinsurance sector.
JOBS IN KARACHI