Pakistan Reinsurance Company Limited Jobs 2026 for Chief Executive Officer and Chief Financial Officer Posts

Pakistan Reinsurance Company Limited (PRCL), a state-owned enterprise operating under the administrative control of the Ministry of Commerce, Government of Pakistan, has announced senior management career opportunities at its Karachi headquarters. The recruitment includes two positions: Chief Executive Officer (CEO) and Chief Financial Officer (CFO), with one vacancy explicitly confirmed for CFO. Candidates possessing 16 years of education, relevant postgraduate qualifications, professional accounting or actuarial credentials and substantial management experience may apply according to the position. The CEO appointment carries a three-year contractual tenure, while the CFO position is initially offered on a two-year contract. Applications for the CFO position must be submitted by November 3, 2026, whereas CEO applications must reach the company within 15 days of the advertisement’s publication date.

Pakistan Reinsurance Company Limited Vacancy

Eligibility Criteria and Educational Requirements

Chief Executive Officer (CEO)

• Candidates must possess a graduate degree comprising 16 years of education in Business Administration, Public Administration, Finance, Commerce, Marketing or equivalent from an HEC-recognized institution.
• Alternatively, membership of a recognized professional accounting body is acceptable.
• Candidates may also qualify through AIA, ACAS or FCAS actuarial credentials, equivalent recognized actuarial qualifications, or a Master’s degree in Insurance, Risk Management or Actuarial Sciences from an HEC-recognized university.
• Minimum 10 years of demonstrable experience in governance, business administration, finance, commerce, marketing or another relevant field in a commercially oriented organization.
• Alternatively, experience as Chief Executive in a senior management position in a comparable commercial organization, or as a member of a professional institute’s governing body or head of department, may qualify under the advertised criteria.
• At least 5 years out of the required 10 years must have been spent as a Key Officer, Director, Chief Executive or Principal Officer in the insurance industry, or as an officer with the Insurance Regulator, in accordance with applicable regulations.
• Applicants must meet the Fit and Proper Criteria prescribed under the relevant State-Owned Enterprises and insurance regulations.
• Only Pakistani citizens are eligible.

Chief Financial Officer (CFO)

• Membership of an organized body of professional accountants with at least 5 years of relevant experience; or
• Master’s degree in a finance-related discipline from an HEC-recognized university with at least 10 years of relevant experience; or
• Fellow or Associate membership of the Casualty Actuarial Society, Institute of Actuaries in England or Society of Actuaries in the United States, with at least 5 years of managerial experience in audit, accounting, financial management or corporate affairs of an insurer.

Additional preferred qualifications and experience:

• Knowledge and implementation experience of IFRS 17.
• Experience as a Key Officer in the insurance industry.
• Previous experience serving as CFO in an insurance company, public-sector organization or state-owned enterprise.
• Knowledge of public procurement procedures and PPRA rules.
• Experience working in an Enterprise Resource Planning (ERP) environment.

Salary

• Chief Executive Officer: A competitive compensation package aligned with market standards will be offered.
• Chief Financial Officer: Salary and compensation details have not been specified in the advertisement.
• Both appointments will be governed by the applicable company policies and contractual terms.

Age Limit

– Age will be calculated as of the respective advertisement’s closing date.

Application Fee

– No application fee has been mentioned in either advertisement.

Selection Process

1. Applications will be reviewed against the prescribed educational qualifications, professional experience and eligibility requirements.
2. Candidates will be shortlisted based on their qualifications, credentials and suitability for the advertised positions.
3. Only shortlisted candidates will be contacted for interviews.
4. CEO candidates must meet the Fit and Proper Criteria under the applicable State-Owned Enterprises and insurance regulations.
5. CFO selection will be finalized on merit based on interview performance.
6. Original documents will be required for verification, including HEC-verified testimonials for CFO candidates.
7. No TA/DA will be provided for attending interviews.
8. PRCL reserves the right to amend, postpone or cancel the recruitment process.

How to Apply

Chief Executive Officer (CEO)

1. Visit the official PRCL website at www.pakre.org.pk.
2. Download the prescribed application form and review the detailed job description.
3. Prepare a detailed CV and attach educational qualifications, professional credentials and relevant experience certificates.
4. Submit the complete application package to the HR Department, Pakistan Reinsurance Company Limited, PRC Tower, 32-A Lalazar Drive, M.T. Khan Road, Karachi.
5. Ensure that the application reaches the designated address within 15 days of publication of the CEO advertisement.
6. Incomplete or late applications will not be entertained.

Chief Financial Officer (CFO)

1. Visit www.pakre.org.pk and download the prescribed application form.
2. Complete the application form and prepare the required supporting documents.
3. Attach copies of CNIC, academic/professional certificates, transcripts, degrees and experience certificates.
4. Email the complete application to careers@pakre.org.pk.
5. Mention the position title, Chief Financial Officer, in the subject line of the email.
6. Submit the application by November 3, 2026.
7. Applicants serving in government, semi-government, autonomous bodies or public-sector organizations must provide an NOC at the time of interview.

Important Terms and Conditions

• PRCL is an equal opportunity employer.
• The CEO appointment will be on a three-year contractual basis, subject to performance evaluation.
• The CFO appointment will initially be for two years and may be extended based on satisfactory performance.
• CEO applicants must be Pakistani citizens; dual nationals are not eligible.
• Candidates must fulfill the qualifications and experience prescribed for their respective positions.
• Only shortlisted applicants will be invited for interviews.
• Attempts to influence the recruitment or selection process will result in disqualification.
• Incomplete or delayed applications will not be considered.
• PRCL reserves the right to stop or cancel recruitment without assigning any reason.

Last Date to Apply

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