Pakistan Karachi Jobs, State Life Insurance Corporation of Pakistan (SLIC) is seeking applications from qualified professionals for the position of Appointed Actuary on a retainership basis. This opportunity is available under the provisions of the Insurance Ordinance 2000 and SECP (Insurance) Rules 2017. The initial appointment will be for one year, with the possibility of an extension based on performance and mutual agreement. The selected candidate will be responsible for overseeing actuarial functions for both domestic and international operations including business in the UAE region Pakistan Karachi Jobs.
Applicants must meet the eligibility criteria outlined by SECP, including professional qualifications and experience in life insurance. The candidate should also fulfill the requirements under UAE Federal Law No. 6 of 2007 and its associated rules. The selection process will prioritize candidates with post-qualification experience in life insurance, along with strong professional backgrounds. The role requires expertise in actuarial evaluations financial risk assessments, and compliance with insurance regulations Pakistan Karachi Jobs.
This position provides an excellent career opportunity for actuaries seeking a challenging and rewarding role within Pakistan’s largest life and health insurance provider. The organization encourages female candidates to apply, reinforcing its commitment to equal employment opportunities. Interested individuals must submit their applications within 15 days of the advertisement ensuring they provide all necessary documents and disclosures as per SECP rules Pakistan Karachi Jobs.

Job Vacancies Name
- Appointed Actuary (Retainership)
State Life Insurance Corporation Jobs Opportunities Details
Date Posted / Updated | 17 February, 2025 |
Category | Government Jobs |
Education | Actuarial Qualification |
Vacancy Location | Karachi, Pakistan |
Organization | State Life Insurance Corporation of Pakistan |
Job Type | Full Time |
End Date | 02 March, 2025 |
About Jobs Vacancies
The appointed actuary will be responsible for ensuring compliance with actuarial standards and regulations set by SECP and UAE insurance authorities. The role requires conducting actuarial evaluations assessing financial risks, and overseeing policy reserves. The selected candidate must provide guidance on risk management strategies while ensuring adherence to national and international insurance laws Pakistan Karachi Jobs.
Applicants must have in-depth knowledge of life insurance actuarial practices and should be well-versed in the latest developments in insurance regulations. Preference will be given to candidates with experience in Pakistan’s insurance sector particularly those familiar with the requirements of SECP and UAE Federal Law. The candidate must demonstrate strong analytical skills and expertise in financial risk assessment Pakistan Karachi Jobs.
Organization Name
State Life Insurance Corporation of Pakistan (SLIC)
About Organization
State Life Insurance Corporation of Pakistan is the largest life and health insurer in the country. Established to provide financial security to individuals and families, SLIC operates under the supervision of the Government of Pakistan and SECP regulations. The organization has a nationwide presence offering a wide range of life and health insurance products Pakistan Karachi Jobs.
With a mission to provide affordable and reliable insurance solutions, SLIC plays a key role in Pakistan’s financial sector. The corporation also engages in overseas business including operations in the UAE region. SLIC ensures that all its policies and services align with international insurance standards making it a reputable choice for insurance coverage Pakistan Karachi Jobs.
Eligibility Criteria
Candidates must hold an actuarial qualification recognized by SECP and meet the professional requirements set under SECP (Insurance) Rules 2017. Applicants with post-qualification experience in life insurance will be given preference. The candidate should also fulfill UAE insurance regulatory criteria if applicable Pakistan Karachi Jobs.
Contact Details
Website | https://www.statelife.com.pk |
info@statelife.com.pk | |
Address | Divisional Head (HR & Admin), Building No. 11, 12th Floor, Zainab Market, Abdullah Haroon Road, Karachi |
Phone | 0800-09099 |
Experience
Candidates must demonstrate substantial experience in actuarial functions related to life insurance. Preference will be given to individuals with a proven track record of post-qualification experience in actuarial risk management insurance policy evaluations, and regulatory compliance. Experience in both local and international insurance markets will be considered an advantage Pakistan Karachi Jobs.
How To Apply
- Prepare a detailed resume including qualifications professional experience, and actuarial credentials.
- Include a statement of present occupation employment history, and any affiliations with insurance organizations.
- Provide disclosures if the applicant has previously worked with insurance or takaful organizations.
- Submit the application in a sealed envelope to the provided address within 15 days of the advertisement.
- Ensure compliance with SECP (Insurance) Rules 2017 before applying.
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General FAQs
1. What are the key responsibilities of the Appointed Actuary at State Life Insurance Corporation?
The Appointed Actuary will be responsible for overseeing actuarial functions related to life insurance policies financial risk assessment, and policy reserve evaluations. The role requires ensuring compliance with the Insurance Ordinance 2000, SECP (Insurance) Rules 2017, and other applicable regulations. Additionally, the Appointed Actuary will be responsible for SLIC’s business operations in the UAE region, ensuring compliance with UAE Federal Law No. 6 of 2007. The individual will be expected to conduct actuarial analyses, prepare financial reports, and provide strategic guidance on risk management and pricing models for life insurance products Pakistan Karachi Jobs.
2. What qualifications and experience are required for the Appointed Actuary position?
Candidates must possess an actuarial qualification recognized by SECP and should be a Fellow of a relevant actuarial body as outlined in SECP (Insurance) Rules 2017. Applicants should have substantial post-qualification experience preferably in life insurance. Strong knowledge of actuarial principles financial risk assessment, and compliance with insurance regulations is essential. Candidates with international experience, particularly in the UAE insurance market, will have an added advantage. The role also requires excellent analytical skills and expertise in policy reserve evaluations pricing models, and solvency analysis Pakistan Karachi Jobs.
3. What documents are required when submitting an application?
Applicants must submit a comprehensive resume detailing their qualifications professional experience, and actuarial credentials. The application should also include a statement of current occupation, employment history, and any affiliations with insurance or takaful organizations. If the candidate has previously provided services to insurance or takaful firms, they must disclose relevant details including the name of the company, dates, and nature of the work. Additionally, candidates must declare any potential conflicts of interest and provide supporting documents as per SECP (Insurance) Rules 2017 Pakistan Karachi Jobs.
4. How will the selection process be conducted, and what are the key evaluation criteria?
The selection process will be conducted based on the eligibility criteria set by SECP and State Life Insurance Corporation. Applications will be reviewed to ensure compliance with the required qualifications and experience. Preference will be given to candidates with strong post-qualification experience in life insurance actuarial functions. A panel of experts will assess applicants based on their professional credentials regulatory compliance knowledge, and ability to manage actuarial responsibilities. Shortlisted candidates may be required to undergo further evaluations or interviews before final selection Pakistan Karachi Jobs.