Chief Executive Officer (CEO)

About This Job

The National Insurance Company Limited (NICL), a state-owned general insurance company, has invited applications for the position of Chief Executive Officer (CEO) on a contract basis, to be based at its Head Office in Karachi. The CEO leads the company's overall strategy, operations, and governance, reporting directly to the Board of Directors, and carries responsibility for the company's financial performance, risk management, human-resource practices, regulatory compliance, and public representation. The advertisement, posted through the National Jobs Portal, calls for one vacancy to be filled under the applicable government and SECP-governed appointment framework for state-owned enterprises. As one of Pakistan's long-standing public-sector insurers, NICL underwrites a broad range of general insurance business, and the incoming CEO would be expected to lead the company through its ongoing governance and performance reforms as a state-owned enterprise.

Eligible candidates should hold a Bachelor's degree or an equivalent qualification recognized by the Higher Education Commission, along with at least ten years of experience, including five years as a Key Officer, Director, Chief Executive, or Principal Officer in the insurance industry or with an insurance regulator. Alternatively, candidates holding an ACII/FCII designation, Fellowship or Associateship of a recognized institute or society of actuaries, or a Master's degree in Insurance, Risk Management, or Actuarial Science, together with at least five years of comparable senior insurance-sector experience, may also apply. Responsibilities of the role include implementing the Board's vision and strategic goals, overseeing budgeting and financial controls in coordination with the CFO, ensuring regulatory and legal compliance, leading human-resource and quality-control practices across departments, and representing the company at industry events and before regulators. Appointment is subject to the Fit and Proper criteria and the approval requirements set out in the Insurance Companies (Sound and Prudent Management) Regulations, 2012, issued by the SECP, and candidates must be Pakistani citizens, as dual-nationality holders are not eligible for this post. The maximum age for appointment is 62 years as of the closing date.

Interested candidates should apply online through the National Jobs Portal (njp.gov.pk), submitting a detailed CV, attested copies of certificates and degrees, CNIC, and two recent passport-size photographs before the closing date. Only shortlisted candidates will be called for an interview, and no TA/DA is payable for attending it. The remuneration package will be determined by the Board of Directors based on the selected candidate's experience and competence, in line with NICL's approved compensation framework for its most senior executive position. The last date to apply is 27 September 2026, and candidates are encouraged to ensure all required documents are attested and complete before submission, given the seniority and regulatory scrutiny attached to this role.

Job Information

Commission / Board

NJP

Place of posting

Anywhere in sindh

City

Karachi

Postal Code

74000

Domicile

All Punjab Basis

Age (Male)

18–62 years

Age (Female)

18–62 years

Salary / BPS

Market-based remuneration package, to be determined by the Board of Directors based on experience and competence

Advt. date

13 September 2026

Last date

27 September 2026

Qualification Required

• Qualification: Bachelor's degree or equivalent recognized by the Higher Education Commission (or an equivalent foreign qualification) with at least 10 years' experience, including 5 years as a Key Officer, Director, Chief Executive, or Principal Officer in the insurance industry or with an insurance regulator; OR ACII/FCII designation, or Fellow/Associate status with the Institute or Society of Actuaries (or an equivalent recognized body), or a Master's degree in Insurance, Risk Management, or Actuarial Science from an HEC-recognized university, together with at least 5 years' experience as a Key Officer, Director, Chief Executive, or Principal Officer in the insurance industry or with an insurance regulator. Appointment must also satisfy the Insurance Companies (Sound and Prudent Management) Regulations, 2012, and requires SECP approval.
• Experience: Substantial senior leadership experience in the insurance sector or with an insurance regulator, including strategic planning, board reporting, financial oversight, risk management, human resource oversight, and regulatory compliance responsibilities as outlined in the Fit and Proper criteria.

Posts Breakdown

Test / Selection Process

Important Dates

1. Advertisement Published13 September 2026
2. Last Date to Apply27 September 2026

How to Apply

1. Visit the National Jobs Portal at njp.gov.pk and log in to your candidate account (or register for a new account if you do not already have one).
2. Locate this vacancy under National Insurance Company Limited's open postings.
3. Submit your CV together with attested copies of certificates and degrees, CNIC, and two recent passport-size photographs through the portal before the closing date.
4. Only shortlisted candidates will be invited for an interview; no TA/DA is admissible for attending the interview.

Additional Details

Eligibility Note

No person shall be appointed as CEO unless they are a citizen of Pakistan; dual-nationality holders will not be considered.

Compensation Note

The remuneration package will be determined by the Board of Directors based on the candidate's experience and competence.

Fit And Proper Note

Appointment is subject to the Fit and Proper criteria and approval requirements of the Insurance Companies (Sound and Prudent Management) Regulations, 2012 issued by the SECP, and all other applicable laws.

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