Pakistan Reinsurance (PRCL) Executive Director Underwriting job: apply by 25 November 2026
Pakistan Reinsurance Company Limited is hiring an Executive Director (Underwriting) on a three-year performance-based contract. You need ACII/FCII and 15 years' experience, or a relevant master's and 20 years, including 5 years as a Key Officer. Maximum age is 57. Apply on the National Jobs Portal by 25 November 2026.
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Confirm the latest instructions with the issuing authority. Application status is based on the source review and the listed closing date.
Job overview
- Position
- Executive Director (Underwriting)
- Hiring organization
- Pakistan Reinsurance Company Limited (PRCL)
- Location
- Not stated; PRCL is headquartered in Karachi
- Vacancies
- 1
- Pay scale
- Not stated in the notice
- Employment type
- Contract
- Salary
- Market-based package, to be agreed at interview
- Application closing date
- 25 Nov 2026
- Notice date
- 11 Nov 2026
- Notice reference
- Pakistan Reinsurance Company Limited (PRCL), Executive Director (Underwriting), National Jobs Portal listing 10631 (posted 11 November 2026)
- Employer
- Pakistan Reinsurance Company Limited (PRCL)
- Post
- Executive Director (Underwriting), 1 vacancy, BPS-20 equivalent
- Contract
- Three years, performance-based
- Apply by
- 25 November 2026 (National Jobs Portal)
- Max age
- 57 years
Eligibility & requirements
Qualifications
ACII/FCII; or a master's or 16 years of education in Insurance, Risk Management, Finance or M.Com Insurance; or an actuarial fellowship or associateship (CAS, IoA or SoA)
Experience
15 years (ACII/FCII or actuarial) or 20 years (master's) post-qualification with an insurer or reinsurer, including 5 years as a Key Officer
Age requirements
Maximum 57 years on the closing date
Domicile & quota
Not stated
How to apply
Apply online at njp.gov.pk by 25 November 2026 with your CV, CNIC, degrees, transcripts and experience certificates.
The vacancy
Pakistan Reinsurance Company Limited (PRCL), the state-owned reinsurer, is hiring one Executive Director (Underwriting). The National Jobs Portal lists the post at BPS-20 equivalent on contract, posted on 11 November 2026, with applications open until 25 November 2026. The appointment is a performance-based contract for three years, with a market-based package to be agreed at interview according to the candidate's verifiable experience.
Important dates
| Step | Date |
|---|---|
| Posted on the National Jobs Portal | 11 November 2026 |
| Last date to apply (NJP) | 25 November 2026 |
| Interview | Shortlisted candidates only; date not announced |
Who can apply
| Route | Qualification and experience |
|---|---|
| 1 | ACII or FCII, plus at least 15 years of relevant post-qualification experience with an insurer or reinsurer, including 5 years as a Key Officer |
| 2 | Master's degree or 16 years of education in Insurance, Risk Management, Finance or M.Com (Insurance) from an HEC-recognised university, plus at least 20 years of post-qualification experience with an insurer or reinsurer, including 5 years as a Key Officer |
| 3 | Fellow or Associate of the Casualty Actuarial Society, the Institute of Actuaries (England) or the Society of Actuaries (USA), plus at least 15 years of relevant post-qualification experience, including 5 years as a Key Officer |
Maximum age is 57 years on the closing date. The post holder must also meet the fit-and-proper criteria under the State-Owned Enterprises (Governance and Operations) Act 2023, the Insurance Ordinance 2000 and the related SECP regulations.
What the role covers
- Leads PRCL's reinsurance and Retakaful underwriting (treaty and facultative) and reports to the CEO.
- Designs and places the retrocession programme within limits approved by the Board.
- Manages catastrophe exposure, counterparty quality and underwriting data for reserving and IFRS 17.
- Claims settlement and recoveries are outside this role.
How to apply
- Apply online on the National Jobs Portal (njp.gov.pk) by 25 November 2026.
- Upload your updated CV and copies of your CNIC, academic and professional degrees and transcripts, and experience certificates.
- Bring original documents and HEC-verified testimonials to the interview. No TA/DA is paid.
- For difficulties with the online form, contact PRCL's HR department using the details on the NJP listing.
PRCL says it is an equal opportunity employer and may stop the hiring process at any stage. NeoPakistani does not accept applications. Apply only through the official portal.
Sources and verification
Official source: National Jobs Portal listing 'Executive Director Underwriting', Pakistan Reinsurance Company Limited (posted 11 November 2026, deadline 25 November 2026). NeoPakistani checked it on 14 November 2026. If anything here differs from the official listing, the listing prevails.
Sources & useful links
- NJP listing: Executive Director Underwriting (PRCL)National Jobs Portal · Official source
- Apply on the National Jobs PortalNational Jobs Portal · Official source