Finance Department Lahore Jobs 2025 announce the Contract career opportunities for the post of See Below Ad in Punjab, Lahore for the fresh and experienced candidates on Contract basis who have Check Advertisement degree. Posted date of this post is 22/11/2025 and the last date is 10/12/2025. if you are eligible for this job apply before due date.
CHIEF ACTUARY IN PUNJAB LIFE INSURANCE COMPANY
We invite applications from visionary and results-driven professionals for the position of 'Chief Actuary' of an under-formation Insurance Company under the Government of the Punjab. The ideal candidate will have a deep understanding of the insurance industry, exceptional strategic and financial acumen, and a passion for delivering outstanding customer experiences. The position will report to the Chief Executive Officer.
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Chief Actuary Position 01 |
The Chief Actuary of Insurance Company will be responsible for leading the actuarial function within insurance company, providing expert advice on financial cost of risk and its management, pricing, and product development. The Chief Actuary will play a key role in shaping the company's strategic direction, ensuring profitability, and managing risks effectively across various insurance lines. |
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Key Responsibilities: |
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* Strategic & Actuarial Leadership: |
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* Contribute to the overall business strategy by providing actuarial insights and advice on product performance, market trends, and pricing strategies. |
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* Work closely with senior management to assess the viability and profitability of new ventures, products, and business expansion. |
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* Lead and manage the actuarial team within the company, providing direction, guidance, and mentorship to actuarial staff. |
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* Pricing, Product Development & Risk Management: |
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* Oversee the development of pricing models for all insurance products, ensuring they are actuarially sound, competitive, and compliant with regulatory requirements. |
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* Identify, assess, measure, and manage insurance-related risks and recommend pricing strategies for various products. |
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* Leverage data analytics tools and techniques to improve pricing models, risk assessments, and claims predictions. |
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* Conduct stress testing and scenario analysis for various risk factors. |
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* Oversee the company's reinsurance arrangements, including pricing, structure, and strategy, to ensure adequate protection against risks. |
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* Develop relationships with reinsurance partners and brokers to optimize the company's risk-sharing arrangements. |
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* Regulatory Compliance: |
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* Ensure the company's actuarial practices comply with the regulations set by the SECP and other relevant bodies. |
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* Keep abreast of changes in actuarial and insurance regulation. |
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* Team Development & People Management: |
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* Attract, lead, motivate, and develop the actuarial team to achieve strategic and operational goals. |
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* Promote Diversity and Inclusion, foster a culture of collaboration, innovation, and accountability within the organization. |
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* Stakeholder Communication & Operational Excellence: |
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* Communicate actuarial findings, insights, and recommendations to the CEO, Board, and other key stakeholders clearly and effectively. |
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* Optimize operational efficiency to deliver superior results, reduce costs, and enhance customer satisfaction. |
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General Eligibility Criteria: |
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Qualification |
* Qualified as Fellow/Associate of the Society of Actuaries (FSA), Fellow/Associate of the Institute and Faculty of Actuaries (FIA) or any globally accredited actuarial body. |
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* Other Business strategy/ Data Sciences related certifications/qualifications will be an added advantage. |
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Experience |
Minimum 5 years' experience with an insurer, actuarial firm or an insurance company (incorporated under law of any jurisdiction outside Pakistan also counts) prior to appointment. |
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Age |
Not more than 57 years as of date of application. |
The individuals who fulfill the above-mentioned eligibility criteria may apply in confidence. The position carries attractive and market based remuneration. A detailed CV, along with copies of academic testimonials, experience certificates, CNIC and a recent photograph, with address and contact number, should be sent via post or email to the following address by 10.12.2025. Incomplete applications will not be entertained. The date of the interview will be intimated after the shortlisting of candidates. No TA/DA shall be admissible for interview. The Company reserves the right to accept or reject any application(s) without assigning any reason(s) thereof.
Section Officer (W&M),
Government of the Punjab,
Finance Department
Punjab Civil Secretariat Lahore Email: fd.so.wm@punjab.gov.pk Tel: 042-99213664
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