GOVERNMENT OF PAKISTAN
MINISTRY OF COMMERCE
EMERGING PAKISTAN
VACANCY ANNOUNCEMENT
Applications are invited for the post of
Chief Executive Officer (CEO)
National Insurance Company Limited (NICL), Karachi
Pay Scale: MP-1*
Tenure: The appointment will be on contract basis for a period of three (03)
years, detailed terms and conditions will be settled in the contract.
Age:
Not more than 62 years(as on the date of publication of this advertisement)
MINIMUM REQUISITE QUALIFICATION AND EXPERIENCE
a. Master's Degree or equivalent OR a chartered Accountant from institutions recognized by the Higher Education
Commission of Pakistan, OR Foreign qualification of equivalent level recognized by the Higher Education Commission
of Pakistan with at least 15 years experience out of which 5 years as a key Officer in a leadership Role defined in the
Insurance Companies (Sound &Prudent Management) Regulations, 2012) in the non-life insurance industry.
b. 1) ACII OR FCII OR equivalent OR (ii) hold a master degree in insurance/ Risk Management /Actuarial Science from a
university recognized by the Higher Education Commission of Pakistan with at least 15 years experience out of which
years as a key officer in a leadership Role (as defined in the Insurance Companies (Sound & Prudent Mana ment)
Regulation, 2012) in the non-life insurance Industry.
He must fulfill the eligibility criteria mentioned under section 153 of the Companies Act, 2017 and conditions laid
down in the Insurance Companies (Sound & Prudent Management) Regulations, 2012.
RESPONSIBILITIES
1. Implement the vision, mission and goals of the company as outlined by the Board of Directors.
2. Report company performance to the Board.
3. Provide inspired leadership, create a culture of performance, positive morale and accountability in the company.
4. Provide a marketing plan and the vision of the company's future development.
5. Lead development and execution of short and long-term operational policies and strategic plans for the company.
6. Assess risks to the company and ensure they are monitored and minimized.
7. Bear responsibilities for the company's finances, including working closely with the CFO to prepare budgets, and keep
the Board of Directors informed with respect to cash management, investments and internal audits.
8. Work closely with Human Resources (HR) to streamline hiring practices, fixation of perks, privileges and benefit
disbursement of the employees.
9. Oversee quality control throughout the company, establishing goals for each department in partnership with division
managers.
10. Assure all legal and regulatory documents are filed and monitor compliance with laws and regulations.
11. Represent the company as required, including attendance at important functions, industry events and public meetings
and create alliance for the company, if required.
12. Evaluate the work of other executives within the company.
13. Ensuring that the company maintains high social impact and adhere to its corporate social responsibility.
Eligibility will be determined and selection will be finalized as per approved government policy. Only shortlisted
candidates will be invited for an interview. The candidate shall not be entitled for any TA/DA while appearing for the
interview. No person shall be appointed as Chief Executive Officer unless he is a citizen of Pakistan. Dual Nationality
holders will not be considered. Application by hand will not be accepted. Interested candidates are required to send their
application marked "Chief Executive Officer" with CV, copies of corticated and degrees, CNIC and two recent passport size
photographs within 15 days after the publication of this advertisement to the following address.
* Pay package shall be MP-1 scale of Government of Pakistan (Package details are available on the official website
(http://www.finance.gov.pk/circulars/circular 14072017.pdf) of the Finance Division, Government of Pakistan).
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