State Life Insurance Corporation of Pakistan: Voluntary Pension Scheme Fund Back Office Operations Opportunities

Further Details

PrimeHR, a leading human resource services provider, is facilitating recruitment for State Life Insurance Corporation of Pakistan's Voluntary Pension Scheme (VPS) Back Office Operations. This initiative aims to bolster the operational capacity of the VPS department by onboarding skilled individuals for key roles. The positions are contract-based and extendable, offering a unique chance to gain experience in a critical financial sector. Successful candidates will be instrumental in ensuring the smooth functioning of pension fund operations, contributing to the overall efficiency and compliance of the department. This is an excellent pathway for professionals looking to build a career in asset management and financial services within a reputable government organization.

State Life Insurance Corporation of Pakistan: Career Opportunities in Back Office Operations

State Life Insurance Corporation of Pakistan, in partnership with PrimeHR, is announcing exciting job openings within its Voluntary Pension Scheme (VPS) Back Office Operations Department. This initiative seeks to recruit talented individuals for contract-based positions, offering a valuable opportunity to contribute to the financial services sector. The roles are designed to enhance operational efficiency and ensure regulatory compliance within the pension fund management framework. These positions are based in Karachi, providing a dynamic work environment for professionals aiming for career growth.

The organization is committed to attracting skilled professionals who can support the critical functions of the VPS department. Candidates will be involved in managing daily operations, ensuring accurate record-keeping, and facilitating smooth transactions for participants. This is an excellent chance for individuals with a background in finance, accounting, or related fields to gain specialized experience in asset management and pension fund administration. Explore these latest job opportunities and take a step towards a rewarding career in a leading government organization.

• Job Title: Deputy Manager (VPS)
• Qualifications: Minimum Graduate Degree in Business Administration, Finance or Accounting, Investment or equivalent relevant qualification
• Experience: At least 03 years in asset management, mutual funds, Financial Services and pension fund operations
• Location: Karachi
• Job Title: Deputy Manager (IT & Systems Development) (VPS)
• Qualifications: Minimum Graduate Degree in Computer Science, Software Engineer
• Experience: At least 03 years in asset management, mutual funds, Financial Services or pension fund operations
• Location: Karachi
• Job Title: Assistant Manager (Unit Management Department) (VPS)
• Qualifications: Minimum Graduate Degree in Business Administration, Finance or Accounting, Investment or equivalent relevant qualification
• Experience: At least 1-2 years in asset management, mutual funds, Financial Services or pension fund operations
• Location: Karachi
• Job Title: Assistant Manager (Regulatory and Compliance Department) (VPS)
• Qualifications: Graduate Degree in Business Administration, Finance or Accounting, Investment, Actuarial OR Law Graduate
• Experience: At least 1-2 years in hand experience in Compliance, Risk, Management, VPS rules and other relevant applicable rules
• Location: Karachi
• Job Title: Executive Officer (01) (Fund Accounting Department)
• Qualifications: At least 14 years Graduate Degree in Business Administration, Finance or Accounting, Investment
• Experience: Minimum 01 year in asset management, mutual funds, Financial Services or pension fund operations
• Location: Karachi
• Job Title: Executive Officer (01) (Unit Management Department)
• Qualifications: Minimum Graduate Degree in Business Administration, Finance or Accounting, Investment
• Experience: Minimum 01 year in asset management, mutual funds, Financial Services or pension fund operations
• Location: Karachi

Skills

• Deep understanding of VPS regulatory framework, retirement planning, and fund operations
• Strong process management, compliance, and risk assessment skills
• Proficient in MIS, reporting tools, and digital platforms
• Excellent leadership, communication, and stakeholder management capabilities
• Knowledge of Islamic finance and Shariah-compliant funds is an added advantage
• Minimum Graduate Degree in Business Administration, Finance or Accounting, Investment or equivalent relevant qualification
• At least three (03) years of experience must be in an asset management, mutual funds, Financial Services and pension fund operations (Back Office)
• Experience in handling SECP-regulated retirement or mutual fund products preferred
• Minimum Graduate Degree in Computer Science, Software Engineer
• Minimum Graduate Degree in Business Administration, Finance or Accounting, Investment, Actuarial OR Law Graduate
• Adequate relevant experience will preferably be considered
• Candidate have in hand experience in Compliance, Risk, Management, VPS rules and other relevant applicable rules will be considered auditors
• At least 14 years Graduate Degree in Business Administration, Finance or Accounting, Investment
• Minimum 01 year experience must be in an asset management, mutual funds, Financial Services or pension fund operations (Back Office)

Duties and Responsibilities:

• Lead the end to end operations of the VPS Scheme, including contribution collection, fund allocation in coordination with the Investment Division, switching, withdrawals, and annuitization
• Design and implement SOPs and workflows to ensure timely and accurate processing of all transactions
• Maintain participant records and ensure accuracy of unit allocation
• Coordinate with Trustee, Custodian, and Fund Manager for transaction settlements
• Prepare periodic operational MIS and management reports
• Handle participant queries, grievances, and correspondence
• Ensure compliance with approved SOPs
• Coordinate with Fund Manager, Trustees, and Custodians to manage daily fund operations
• Monitor NAV calculation, participant allocations, and fund rebalancing processes
• Coordinate daily/periodic NAV calculation with Fund Manager
• Review fund expenses, trustee fee, management fee, and accruals
• Reconcile participant contributions and unit balances
• Maintain VPS fund accounts and financial records
• Assist in preparation of financial statements and audit coordination
• Monitor fund-level accounting controls and reconciliation processes
• Support core systems
• Fund Accounting / NAV system
• Unit Management / Transfer Agency system
• Portfolio Management & Order Management System (OMS)
• Compliance & AML systems
• Ensure system availability and performance
• Coordinate with vendors for upgrades, patches, and issue resolution
• Manage VPS operations system, participant portal, and reporting modules
• Coordinate with software developers for system enhancements
• Develop automation for reporting, compliance returns, and MIS
• Ensure data security, access controls, and backup procedures
• Implement digital onboarding and workflow automation
• Provide technical support to VPS operations team
• Assist in managing the end-to-end operations of the VPS Scheme
• Support implementation of approved SOPs and workflows, processing participant registrations, contributions, switches, withdrawals, transfers, and annuitization requests under supervision
• Maintain and update participant record/sand unit allocation based on declared NAV
• Assist in preparation of periodic operational MIS, data reports, and management summaries, participant queries, correspondence
• Ensure strict adherence to approved SOPs, internal controls, and regulatory guidelines in all operational activities
• Provide administrative and operational support in coordinating with the Fund Manager, Trustee, and Custodian for routine daily fund activities, collecting, compiling and maintaining NAV working files received from the Fund Manager and update internal records accordingly
• Assist in checking participant allocation data and preparing basic reports for review by senior officers
• Perform basic reconciliation of participant contributions and unit balances as per system reports and supporting statements
• Assist in preparation of supporting schedules and documentation required for financial statements and audit processes
• Follow established accounting controls, SOPs, and reporting procedures
• Perform data entry and processing of participant registrations, contributions, fund allocation entries, switches, withdrawals, transfers, and annuitization cases under the supervision of the reporting officer, contribution posting and transaction processing
• Prepare and maintain documentation required for coordination with Trustee, Custodian, & Fund Manager, and follow up on transaction status as instructed
• Compile operational data and assist in preparation of periodic MIS reports
• Ensure compliance with approved SOPs, internal controls, and regulatory requirements in day-to-day operations

How to apply

• Preparation: Ensure you have your updated resume, educational certificates, experience certificates, CNIC, domicile, and two recent passport-sized photographs ready.
• Eligibility Check: Confirm that you meet all the specified qualifications, experience requirements, and age limits (maximum 45 years for all positions).
• Application Submission: Interested candidates are strongly encouraged to apply online through the provided career portal.
• Online Application Link: Visit http://career.primehr.pk to submit your application.
• Deadline: The last date to submit your application is within fifteen (15) days from the date of advertisement.
• Multiple Positions: Applicants may apply for multiple positions, but each application must be submitted separately.
• Government Employees: Government employees are required to apply through the proper channel and must obtain a No Objection Certificate (NOC) from their parent department.
• No TA/DA: Please note that no travel or daily allowance will be admissible for the test or interview.
• Equal Opportunity: State Life Insurance Corporation of Pakistan is an equal opportunity employer, and female candidates are encouraged to apply.
• Provincial Quota: The provincial quota will be observed as per Federal Government Policy.
• Salary Package: The salary package will be decided as per the prevailing rules and policies of the Organization.
• Non-Transferable: These positions are strictly Karachi-based and non-transferable.
• No Walk-in Applications: No walk-in applications or applications submitted after the due date will be entertained.

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