Job Vacancy – Cheift Financial Officer – NATIONAL INSURANCE COMPANY LIMITED – Karachi

“SAY NO TO CORRUPTION”
NATIONAL INSURANCE COMPANY LIMITED
(OWNED BY THE GOVERNMENT OF PAKISTAN)
CUIN #0041095
REGISTERED ADDRESS: MICL BUILDING, ABBASI SHAHEED ROAD, KARACHI-PAKISTAN-74400
Website: www.nic.com.pk
Phone #+52-21-11-642-642
POSITION IN INSURANCE SECTOR
National Insurance Company Limited (NICL), a premier public sector organization and a leading name in
Pakistan’s General Insurance industry, invites applications from accomplished, result-oriented, and
dynamic professionals for the following Karachi-based position
CHIEF FINANCIAL OFFICER, ❘ Age: Maximum 50 Years | (1 Vacancy) Duty Station: Karachi
Eligibility Criteria:
As per Schedule of State Owned Enterprises (C-Level Appointments) Guidelines 2004, the ideal candidate must be a member of
an organized body of professional accountants with at least ten (10) years relevant experience in case of 50s having total
assets of five billion rupees or more; OR holding a master’s degree in finance related disciplines from a university recognized by
the HEC with at least ten (10) years relevant experience, in case of other 50s.
Must be well versed with the International Financial Reporting Standards (IFRS)
Must be well versed in application of automated financial management models/systems
. Experience in non-life insurance industry will be preferred
The potential candidate shall meet the requirements of fit and proper criteria specified in Section 16 and Schedule- of the SOE
Act 2023
Key Responsibilities:
The position of Chief Financial Officer is equivalent to the post of General Manager who shall report directly to the CEO for keeping
proper financial records and accounts, and for maintaining an effective system of intemal financial control, including but not limited
Develop and implement financial strategies aligned with the SOE’s objectives and government policies. Prepare medium-and
long-term financial plans to ensure sustainability
Oversee preparation of annual budgets and financial forecasts. Ensure compliance with approved budgets and monitor
variances
The CFO will also be responsible for any duties as prescribed under the Code of Corporate Governance for insurers 2015, SOE Act
2023 and any other rules, regulations, laws alongwith other responsibilities assigned by the Board
Ensure implementation and ongoing compliance with International Financial Reporting Standards (FRS), including the adoption.
of relevant standards, preparation of IFRS compliant financial statements, and alignment of financial processes, systems, and
controls with IFRS requirements
Identify, assess, and mitigate financial risks, including liquidity and credit risks
Oversee investment of surplus funds and debt management in line with government guidelines
Coordinate with internal and edemal auditors for statutory audits. Ensure implementation of audit recommendations and
compliance with audit standards. Ensure financial transparency and accountability as per SOE governance framework
Support the Board in financial decision-making and provide accurate financial insights
Implement and maintain automated financial management systems for efficiency. Ensure cybersecurity and data integrity in
financial systems
Liaise with regulators govemment ministries, and other stakeholders on financial matters Facilitate financial disclosures for
public accountability Track financial Pls and report performance to the Board
Mode of Employment
This is purely a contractual position with an open-ended contract; the services will be governed by the terms and conditions of
the contract
A competitive, market-based compensation package will be offered, commensurate with the candidate’s qualifications and
verifiable experience
Important Notes:
Interested candidates may apply within fifteen (15) days from the date of publication of this advertisement
Incomplete or late applications will not be considered
Applicants currently working in Government/Semi-Government/Autonomous Bodies must provide a NOC at the time of
interview
NC is an equal opportunity employer and Female candidates are encouraged to apply.
Only shortlisted candidates will be contacted for interview
No TAVDA will be admissible for appearing in the interview
+ Candidates must present original documents at the time of interview; academic degrees, certificates, and experience letters of
the selected candidate will be subject to verification aterfinal selection
Any attempt to influence the recruitment and selection process will result in immediate disqualification
NCL reserves the right to cancel or amend the recruitment process at any stage without assigning any reason
The position is based at Head Office Karachi Interested candidates may apply online through our consultant website
www.ulry-hoco.com or National Job Portal https://np.gov.pk or you may email application on truby-nco.com with in
fteen (15) days of publication of advertisement
MANAGER HUMAN RESOURCE
UHY Hassan Naeem & Company
[email protected]
402, Progressive Center, 30-A, Block 6, Shahrah-e-Faisal, Karachi
KHI FF 021-34322551, LHR PC 042 341 340
PID-K 2530/25