Career Opportunities: Actuarial and Investment Roles at Punjab Life Insurance Company Limited

Further Details

Discover exciting career prospects at Punjab Life Insurance Company Limited (PLIC), Pakistan's premier provincial government-owned life insurance provider. Explore these best career opportunities with competitive benefits. We are on the lookout for talented individuals to fill key positions across various departments, including actuarial science, enterprise reporting, research, quality assurance, legal, and investment. These roles are crucial for our ongoing success and expansion within the insurance industry. PLIC is dedicated to providing a challenging yet rewarding work environment, offering substantial opportunities for professional development and career advancement. As a government-owned entity, we uphold high standards of integrity and service. We welcome applications from candidates who are eager to make a significant contribution to our mission and uphold our commitment to excellence.

Career Opportunities at Punjab Life Insurance Company Limited

Punjab Life Insurance Company Limited (PLIC), a distinguished government-owned life insurance provider in Pakistan, is extending an invitation for talented individuals to join its dynamic team. This position represents excellent latest jobs in the region. We are seeking qualified and results-oriented professionals for a variety of critical roles designed to enhance our operational efficiency and strategic growth. This is a prime opportunity to contribute to a leading provincial organization and advance your career within the insurance sector.

We are offering positions in key areas such as Actuarial Science, Enterprise Reporting, Research & Program Development, Quality Assurance, Organization Development, Legal Affairs, and Investment Management. These roles are integral to PLIC's mission and offer competitive compensation packages, along with significant prospects for professional development and career progression. We are committed to diversity and encourage applications from all eligible candidates.

• Sr. Lead Actuarial (Life): Min Bachelor's degree in Actuarial Sciences, Mathematics, Statistics, Business or related field; 8-10 years experience.
• Lead Actuarial (Life & Health): Min Bachelor's degree in Actuarial Sciences, Mathematics, Statistics, Business or related field; 6-8 years experience.
• Sr. Lead Enterprise Reporting: Bachelor's/Master's in Data Analytics, Business, IT, Statistics or related field; 10+ years experience.
• Senior Lead Research & Program Development: Min Master's degree from HEC-recognized institution in Public Health, Health Systems, Health Policy, Social Policy, Development Studies, Health Economics or related discipline; 8-10 years experience.
• Senior Lead Quality Assurance: MBBS, Pharm-D, BS Nursing, MPH, Healthcare Management, Hospital Administration or equivalent qualification from HEC-recognized institution; Min 8 years relevant experience.
• Lead Organization Development: 16 years of Education (MBA/MPA); 5 years of relevant experience.
• Principal Legal Affairs: LLB/LLM & registered member of Bar Council; 8 years of relevant experience in insurance/banking Sector Public/private or any related industry.
• Senior Lead Investment: CFA, CA, ACCA/MBA Finance; 8-10 years of relevant experience in insurance/banking Sector Public/private.

Skills

• Advance Excel or relevant certifications
• Power BI/Tableau, KPI & MIS, analytics, dashboard
• Advance Excel or relevant certifications
• Valid professional registration where applicable
• Strong exposure of OD
• CFA, CA, ACCA, MBA Finance
• Compliance with SECP regulations, investment limits, risk management, investment opportunities, audits, regulatory inspections, internal reviews, investment proposals, trades, track real-time market data, portfolio management system (PMS)

Duties and Responsibilities:

• Manage Portfolio, pricing, product support, experience analysis, reserving, reinsurance, reporting
• Pricing, Product Support, Renewals, Portfolio Monitoring
• Reserving, Reinsurance & Financial Monitoring, Governance, Data & Business Coordination
• Deliver technical actuarial support for life/health portfolio and management reporting
• Pricing, quotations, product support, experience analysis, portfolio performance, profitability, and renewals
• Reserving, valuation, reinsurance, actuarial reporting, governance, data quality, and regulatory compliance
• Lead enterprise reporting, analytics, management information system, KPIs, dashboards, and official reporting
• Enterprise reporting, KPIs, dashboards, reporting
• Actuarial programs, reporting, analytics, data warehouse, Data Lake, and semantic layers, lead BI reporting
• Lead research, program design, social protection initiatives, translating strategic priorities into evidence-based, feasible, and board-ready programs
• Lead research, reviews, policy briefs, concept development, design program concepts, benefit structures, eligibility criteria, evaluation frameworks
• Coordinate with government, actuarial, clinical, finance, ICT, legal, and external stakeholders
• Board-ready proposals, decision papers, presentation
• Lead independent quality assurance of health programs, ensuring clinical, provider, facility, field, beneficiary verification, and programed quality standards
• Implement QA plans, audit schedules, sampling frameworks, and quality standards
• Clinical, nursing, pharmacy, hospital, field quality reviews, beneficiary verification calls, complaints, escalations, service/fraud concerns
• QA reports, hospital scorecards, trend analysis, and track corrective actions and high-risk issues
• Manage OD, HR strategy, Performance, work force & culture
• OD, HR strategy, policies, procedures, structures, training, workforce planning, performance, leadership, Talent, succession, digitalization, BI, engagement
• Provide legal advisory and ensure legal compliance
• Draft, vet commercial & legal documents, agreements, contracts, litigations, legal disputes, court proceedings, employee relations, discipline management, inquiries
• Investment portfolio, asset allocation, risk-adjusted returns, liquidity, capital preservation, regulatory compliance, risk management, investment governance
• Compliance with SECP regulations, investment limits, risk management, investment opportunities, audits, regulatory inspections, internal reviews, investment proposals, trades, track real-time market data, portfolio management system (PMS)

How to apply

• 💼 Interested candidates are encouraged to apply through the official PLIC career portal.
• 🌐 Visit the PLIC careers section at https://punjablife.com.pk/careers to submit your application.
• ⏳ The deadline for applications is fifteen (15) days from the date of this advertisement.
• 📝 Ensure all required documents, including your updated CV, are submitted accurately.
• ⚠️ Only shortlisted candidates will be contacted for an interview. No TA/DA will be admissible.
• 📢 PLIC reserves the right to accept or reject any application(s) without assigning any reason thereof.
• 👩‍💼 Females, minorities, differently abled persons (PWDs), and transgender individuals are encouraged to apply.
• 💰 The above positions carry market-based competitive remuneration.

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