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National Insurance Company Ltd Job Karachi, Chief Executive Officer

National Insurance Company Ltd Job Karachi, Chief Executive Officer

National Insurance Company Limited
Owned by The Government of Pakistan

Chief Executive Officer Required:
Applications are invited for the post of Chief Executive Officer (CEO), National Insurance Company Limited (NICL) at Head Office Karachi. NICL is an unlisted public limited company, 100% owned by Federal Government, under the administrative control of Ministry of Commerce (MoC) and having its Head Office at Karachi. The Company is committed for providing general insurance services to Federal Government, Provincial Governments and Public Sector Entities.

1. Minimum Required 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 (as defined in Insurance Companies Sound and Prudent Management Regulations 2012) in the insurance industry;
(b) (i) ACII or FCII or equivalent or (ii) hold a Masters 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 5 years as a Key Officer in a Leadership Role (as defined in Insurance Companies Sound and Prudent Management Regulations 2012) in the insurance industry.
(c) He must fulfill the eligibility criteria mentioned under section 187 of the Companies Ordinance, 1984 and conditions laid down in Insurance Companies Sound and Prudent Management Regulations. 2012.

2. Responsibilities:
(a) The CEO will be responsible for the efficient management of the Company and for its effective control in financial and other matters, subject to the oversight and directions of the Board of Directors. His responsibilities include implementation of strategic and policies approved by the Board, making appropriate arrangements to ensure that funds and resources are properly safeguarded and arc used economically, efficiently and effectively and in accordance with all statutory obligations.
(b) He will be responsible to look after the business of the company in accordance with the Companies Ordinance, 1984, Memorandum and Articles of Association, SECT Corporate Governance Rules and other instructions/policies issued by the Government etc. from time to time.

3. Pay Package: Negotiable based on qualifications and experience.
4. The appointment will be on contract basis for a period of three years, detailed terms & conditions will be settled in the contract.
5. Eligibility will be determined and selection will be finalized as per approved government policy. Only shortlisted applicants will be invited for an interview. The candidate shall not be entitled for any TA/DA while appearing for the interview.
6. No person shall be appointed as Chief Executive Officer unless he is a citizen of Pakistan.
7. Applications by hand will not be accepted.

Interested candidates are required to send their applications marked “Chief Executive Officer” with latest CV, copies of certificates and degrees, CNIC and two recent photographs within 15 days after the publication of this advertisement to:

Company Name & Address:
General Manager HR, National Insurance Company Ltd. 3rd Floor.NIC Building, Abbasi Shaheed Road, Karachi.
Email at: application.ceo@nicl.com.pk.