Pakistan Reinsurance Co Ltd PakRe Jobs October 2026

October 19, 2026 admin

Pakistan Reinsurance Co Ltd PakRe Jobs October 2026

Organization: Pakistan Reinsurance Co Ltd PakRe

Pakistan Reinsurance Company Limited (PRCL), a State-Owned Enterprise under the administrative control of the Ministry of Commerce, Government of Pakistan and the sole reinsurance company operating in Pakistan, invites applications from accomplished, ethical, and commercially astute leaders for the position of Chief Executive Officer (CEO). This is a rare opportunity to lead a nationally significant institution, strengthen Pakistan’s reinsurance capacity, modernize business operations, and deliver sustainable value under a performance-based contract aligned with the State-Owned Enterprises (Governance and Operations) Act, 2023 and the State-Owned Enterprises (C-Level Appointments) Guidelines, 2024.

Position Details

Post: Chief Executive Officer
Age Limit: Not more than 62 years as of the closing date of the advertisement.

Qualification Requirements

The candidate must possess either:

A graduate degree (16 years of education) in Business Administration, Public Administration, Finance, Commerce, Marketing, or equivalent, from an institution recognized by the Higher Education Commission (HEC), or a foreign qualification of equivalent level duly recognized by HEC; OR Membership of a recognized body of professional accountants.
OR:
1. (a) ACII / FCII qualification;
1. (b) Associate or Fellow of the Institute of Actuaries (UK) or Society of Actuaries (US), or equivalent qualification as recognized by the Pakistan Society of Actuaries;
1. (c) Master’s degree in Insurance, Risk Management, or Actuarial Sciences from an HEC-recognized university.

Minimum Experience Requirements

The candidate must have at least ten (10) years of demonstrable experience in one or more of the following areas:

Governance, business administration, finance, commerce, marketing, or any other field relevant to the role, in a well-known organization with a commercial orientation; OR
As Chief Executive in a senior management position in similar organizations with commercial attributes; OR
As a member of the governing body of a professional institute or head of a department.

(Note: Out of the required 10 years of experience, at least five (5) years must be 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 the Insurance Companies (Sound and Prudent Management) Regulations, 2012).

OTHER CONDITIONS AND INFORMATION

Package: A competitive compensation package, aligned with market standards, will be offered to the successful candidate.
Tenure: The appointment shall be on a contractual basis for a period of 03 years, subject to performance evaluation.
Age: Maximum age shall be 62 years (on the closing date for submission of applications).
Nationality: Only Pakistani citizens are eligible to apply.

Roles and Responsibilities: Detailed job description, role, and responsibilities are available on the official website: www.pakre.org.pk

IMPORTANT NOTES

Eligible applicants / professionals are required to submit their detailed CVs, along with the prescribed application form (downloadable from the official website: www.pakre.org.pk), affidavit and supporting documents, including copies of educational qualifications and relevant experience certificates, to the address mentioned below, within fifteen (15) days from the date of publication of this advertisement. Incomplete or late submissions shall not be entertained.
Further details regarding the role, application process, eligibility criteria, and the complete list of documents required for submission will be available on the official website of Pakistan Reinsurance Company Limited: www.pakre.org.pk. Applicants are advised to regularly visit the website for updates and clarifications.
Only shortlisted candidates shall be contacted and invited for the interview. No travel allowance (TA) or daily allowance (DA) shall be admissible for attending the interview or any stage of the recruitment process.
The candidate must fully comply with the Fit and Proper Criteria as outlined in Schedule-IV of the State-Owned Enterprises (Governance and Operations) Act, 2023, and the Insurance Companies (Sound and Prudent Management) Regulations, 2012, issued by the relevant regulatory authorities.
PRCL reserves the right to accept or reject any application, or to postpone, amend, or cancel the recruitment process at any stage, without assigning any reason or incurring any liability. No claim whatsoever shall be entertained in this regard.
No person shall be appointed as CEO unless he/she is a citizen of Pakistan. Dual nationals are not eligible, and such applications shall not be considered.
The appointment process, including shortlisting, interviews, evaluation, and final selection, shall be conducted strictly in accordance with the provisions of the State-Owned Enterprises (Governance and Operations) Act, 2023, the relevant rules and policies issued thereunder, including the State-Owned Enterprises (C-Level Appointments) Guidelines, 2024, and any other applicable laws, rules, regulations or directives issued by the competent authorities from time to time.
For any clarification, query, or in case of any ambiguity regarding this advertisement or the application process, applicants may contact us via email at [email protected], or through the contact numbers and address provided below.

Pakistan Reinsurance Company Limited (PRCL), under the administrative control of the Ministry of Commerce, invites applications for the post of Chief Financial Officer on a contractual basis. Applicants should possess the following minimum qualifications, experience, and meet specified age limit mentioned below:

Position Details

Sr. #: 1
Post: Chief Financial Officer
Age Limit: Not more than 57 years as of the closing date of the advertisement
No. of Vacancies: 01

Minimum Qualification and Experience Requirement

The candidate for Chief Financial Officer must be:

a) A member of an organized body of professional accountants with at least five years relevant experience. OR;
b) Holding a master’s degree in finance related disciplines from a university recognized by the HEC with at least ten years relevant experience. OR;
c) Being a Fellow or Associate member of the Casualty Actuarial Society or the Institute of Actuaries in England or Society of Actuaries in the United States of America and has at least five (5) years of managerial experience in the fields of audit or accounting or in managing financial or corporate affairs functions of an insurer, shall also be eligible to be appointed as the Chief Financial Officer of an insurer.

Preferred Experience and Credentials

a) Candidate having knowledge and implementation of IFRS 17.
b) Candidate having served as a key officer in insurance industry.
c) Candidate having experience of serving as CFO in an insurance company or public sector or an SOE.
d) Knowledge of dealing with public procurement and know-how of PPRA Rules / Regulations.
e) Exposure to ERP environment.

IMPORTANT NOTES

Pakistan Reinsurance Company Limited (PRCL) is an equal opportunity employer.
The appointment will be on a contract basis, initially for the period of two years and further extendable on satisfactory performance evaluation.
Interested applicants may apply by 3rd November 2026 at [email protected], mentioning the position title in the subject line of the email.
The full Job description for the role of CFO can be downloaded from the website of PRCL.
Copies of CNIC, academic / professional certificates / transcript, degrees and experience certificates shall be attached with the prescribed application form available on PRCL website at www.pakre.org.pk.
Original academic / professional documents, along with an HEC-verified testimonial, will be required at the time of interview.
The applicants working in government, semi-government / autonomous bodies / public sector are required to provide NOC at the time of interview.
The candidate shall not be entitled to any TA / DA while appearing for the interview.
PRCL reserves the right to stop the hiring process at any stage without assigning any reason.
Only shortlisted applicants will be invited for an interview, and selection will be finalized as per the merit resulting from the interview.
Any efforts made to influence the recruitment and selection process will lead to the disqualification of the potential candidate, who may otherwise be qualified.