Career Opportunities at Pakistan Reinsurance Company Limited (PakRe)

Outline

1. Introduction
   • Overview of Pakistan Reinsurance Company Limited (PakRe)
   • Importance of career opportunities at PakRe
2. Department: Claims
   • Position: Senior Management Executive Underwriting
     • Qualifications and experience
     • Responsibilities
   • Position: Claims Officer
     • Qualifications and experience
     • Responsibilities
3. Department: Taxation
   • Position: Taxation Officer
     • Qualifications and experience
     • Responsibilities
4. Department: Re Takaful (Accounts)
   • Position: Re Takaful Officer
     • Qualifications and experience
     • Responsibilities
5. Department: Investment
   • Position: Investment Officer
     • Qualifications and experience
     • Responsibilities
6. Department: Underwriting (Retrocession)
   • Position: Underwriting Executive
     • Qualifications and experience
     • Responsibilities
7. Department: Human Resources (HR Generalist)
   • Position: HR Officer
     • Qualifications and experience
     • Responsibilities
8. Department: Audit
   • Position: Audit Officer
     • Qualifications and experience
     • Responsibilities
9. Department: Risk Management
   • Position: Risk Management Officer
     • Qualifications and experience
     • Responsibilities
10. Department: Compliance
    • Position: Compliance Officer
      • Qualifications and experience
      • Responsibilities
11. Department: Corporate Affairs
    • Position: Management Executive
      • Qualifications and experience
      • Responsibilities
12. Application Process
    • How to apply
    • Important notes
13. Conclusion
    • Summary of career opportunities
    • Encouragement to apply
14. FAQs
    • Common questions about applying
    • Qualifications needed
    • Experience required
    • Benefits of working at PakRe
    • Contact information

Career Opportunities at Pakistan Reinsurance Company Limited (PakRe)

Introduction

Pakistan Reinsurance Company Limited (PakRe) is a cornerstone in the insurance industry, providing exceptional reinsurance services across Pakistan. As a progressive organization, PakRe is committed to fostering talent and offering competitive career opportunities. This article outlines the various career paths available at PakRe, highlighting the qualifications, experience, and responsibilities associated with each position.

Department: Claims

Position: Senior Management Executive Underwriting

Qualifications and Experience:

• Master’s or Bachelor’s degree (16 years of education) in Business Administration, Finance, Economics, Insurance, Risk Management, or M. Com (Insurance) from an HEC-recognized university/institute.
• At least 3 years of experience in the insurance industry, preferably in Claims.
• Alternatively, Dip (CII) with at least 5 years of experience or ACII with at least 3 years of experience in the insurance industry, preferably in Claims.

Responsibilities:

• Oversee and manage claims processing to ensure timely and accurate settlements.
• Collaborate with other departments to streamline claims operations.
• Ensure compliance with industry regulations and company policies.
• Handle complex claims and provide solutions to reduce claim costs.

Position: Claims Officer

Qualifications and Experience:

• Bachelor’s degree in a relevant field.
• 2-3 years of experience in claims management.
• Strong analytical and problem-solving skills.

Responsibilities:

• Process and review insurance claims.
• Investigate and validate claims to prevent fraud.
• Liaise with policyholders and adjusters.

Department: Taxation

Position: Taxation Officer

Qualifications and Experience:

• CA/CMA/ACCA or a Master’s degree in Accounting/Finance from an HEC-recognized university/institute.
• At least 3 years of experience in taxation or a related department.
• A diploma in Taxation and tax laws of Pakistan will be a plus.

Responsibilities:

• Manage and oversee the company’s tax planning and compliance.
• Prepare and review tax returns and ensure timely filing.
• Provide tax advice and support to other departments.

Department: Re Takaful (Accounts)

Position: Re Takaful Officer

Qualifications and Experience:

• CA/CMA/ACCA or a Master’s degree in Accounting/Finance from an HEC-recognized university/institute.
• At least 3 years of experience in taxation, finance, and accounts related functions.

Responsibilities:

• Manage the Re Takaful accounts and ensure accurate financial reporting.
• Coordinate with other departments to ensure compliance with accounting standards.
• Analyze financial data and prepare reports.

Department: Investment

Position: Investment Officer

Qualifications and Experience:

• MBA (Finance)/ACCA or a Master’s degree in Finance/Economics/Mathematics from a recognized university/institute.
• At least 5 years of experience in investment or treasury functions, preferably in a financial institution (Banks, DFI, Brokerage Houses, AMCs, Insurance Cos, etc.).
• Candidates holding CFA charter or pursuing CFA will be a plus.

Responsibilities:

• Develop and implement investment strategies.
• Manage the company’s investment portfolio.
• Conduct financial analysis and risk assessment.

Department: Underwriting (Retrocession)

Position: Underwriting Executive

Qualifications and Experience:

• Associateship/Advanced Diploma (CII) or MBA (IRM) or M. Com (Insurance) or MS/MSc. Actuarial Science from an HEC-recognized university/institute.
• At least 3 years of experience in underwriting, preferably in the insurance or reinsurance industry.
• Alternatively, Dip (CII) or BBA (Insurance & Risk Management) or Insurance Diploma (PII) or BS/BSc. Actuarial Science from an HEC-recognized university/institute with at least 5 years of experience in underwriting, preferably in insurance or reinsurance industry.

Responsibilities:

• Evaluate insurance applications to determine coverage terms.
• Develop underwriting policies and procedures.
• Manage reinsurance contracts and retrocession agreements.

Department: Human Resources (HR Generalist)

Position: HR Officer

Qualifications and Experience:

• Master’s or Bachelor’s degree (16 years of education) in Business Administration with a specialization in HR from an HEC-recognized university/institute.
• At least 3 years of experience in HR functions.
• CHRP/Certificate or diploma from HRCI or CIPD will be a plus.

Responsibilities:

• Manage recruitment and selection processes.
• Develop and implement HR policies and procedures.
• Handle employee relations and performance management.

Department: Audit

Position: Audit Officer

Qualifications and Experience:

• CA/CMA/ACCA from a recognized professional body of accountants.
• At least 3 years of experience in accounts, finance, and audit functions.

Responsibilities:

• Conduct internal audits and ensure compliance with financial regulations.
• Prepare audit reports and recommend improvements.
• Monitor and evaluate internal controls.

Department: Risk Management

Position: Risk Management Officer

Qualifications and Experience:

• MBA (Finance) or CA/CMA/ACCA or any other degree (16 years of education) in Accounting/Finance from an HEC-recognized university/institute.
• At least 2 years of experience in risk management functions of a financial institution (banking/non-banking).

Responsibilities:

• Identify and assess potential risks.
• Develop risk management strategies and policies.
• Monitor and report on risk management activities.

Department: Compliance

Position: Compliance Officer

Qualifications and Experience:

• MBA (Finance) or CA/CMA/ACCA or any other degree (16 years of education) in Accounting/Finance from an HEC-recognized university/institute.
• At least 2 years of experience in compliance functions of a financial institution (banking/non-banking).

Responsibilities:

• Ensure compliance with regulatory requirements.
• Develop and implement compliance policies and procedures.
• Monitor and report on compliance issues.

Department: Corporate Affairs

Position: Management Executive

Qualifications and Experience:

• MBA (Finance) or CA/CMA/ACCA or any other degree (16 years of education) in Accounting/Finance/Commerce from an HEC-recognized university/institute.
• At least 2 years of experience in risk management functions of an insurance or reinsurance company, corporate affairs, board secretariat, and accounting or finance.
• Certifications in ICSP/CPA/PIPFA is a plus.

Responsibilities:

• Manage corporate governance and compliance matters.
• Assist in board meetings and documentation.
• Oversee corporate communication and public relations.

Application Process

Interested applicants may apply within fifteen days from the publication of this advertisement by following these steps:

1. Visit the CTSP website at www.ctsp.com.pk to download the prescribed application form.
2. Fill out the application form and attach three recent color photographs and copies of your CNIC, local/domicile certificate, education, and experience certificates.
3. Submit the application form along with the prescribed test fee deposit slip to CTSP Head Office Plot # 140, Street 9, Sector I-10/3, Industrial Area, Islamabad.
4. Ensure that the application reaches within 15 days of the advertisement publication.

Important Notes:

• Only shortlisted applicants will be invited for interviews.
• Original documents along with HEC-verified testimonials will be required at the time of the interview.
• Applicants working in the public sector are required to provide a NOC at the time of the interview.
• No TA/DA will be provided for attending the interview.
• PakRe reserves the right to stop the recruitment process without assigning any reason.

Conclusion

Pakistan Reinsurance Company Limited (PakRe) offers a range of exciting career opportunities across various departments. With a focus on professional growth and development, PakRe is an excellent place for talented individuals to build their careers. If you meet the qualifications and experience requirements, we encourage you to apply and become a part of this prestigious organization.

FAQs

1. What are the qualifications needed to apply for a position at PakRe?

Applicants need to have a relevant degree from an HEC-recognized university and the required years of experience in the specific field.

2. How can I apply for a position at PakRe?

You can apply by downloading the application form from the CTSP website, filling it out, and submitting it along with the required documents to the CTSP Head Office.

3. What is the maximum age limit for applicants?

The maximum age limit varies by position, ranging from 30 to 45 years, including age relaxation as per government policies.

4. Are there any specific quotas for female candidates?

Yes, in compliance with the Prime Minister’s Woman Empowerment Package 2024, 33% of the potential candidates selected will be female.

5. Will I receive TA/DA for attending the interview?

No, candidates will not be provided with any TA/DA for attending the interview.

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