Insurance Company Job Pakistan 2021: Postal life insurance company limited (wholly owned by the government of Pakistan) Career opportunities. Postal Life Insurance Company Limited (PLIC) is incorporated with SECP as a Public Limited Company under the Companies Act, 2017 and registered as a life insurer under section 7(1) read with section 10(2) of Insurance Ordinance, 2000. In order to reinforce its management team, PLIC hereby invites applications from suitably qualified individuals on merit to fill up the position of Head of Underwriting.
|Organization||Postal life insurance company limited|
|Maximum Age limit||55 Year|
|Qualification||Master’s Degree in Finance/ Accounts/Business Administration|
|Experience||10 years with at least 5 years in a medium or large Insurance company|
|Job type||Permanent (Full Time)|
|Newspaper||Ausaf Newspaper Jobs|
For the post of Head of Underwriting maximum age lime is 55 years. The Qualification Requirement, Minimum Experience Requirement is: The preferred qualification is Master’s Degree in Finance/ Accounts/Business Administration. Asa special case, the graduate may be considered provided he/she has exceptional experience and has achieved a record of accomplishments and successful performance of their duties. In the case of candidates with preferred qualifications, the required experience will be 10 years with at least 5 years in a similar position in a medium to large Insurance company. In the case of graduates, a minimum of 15 years with at least 10 years in a similar position in a medium to a large life Insurance company looking after individual and group life business. Broad operational skills and experience of overseeing the activities of the Underwriting Committee are required.
Head of Underwriting main Responsibilities: The position of Head of Underwriting exists to provide overall direction to the underwriting function in PLICL by preparing the strategy to be adopted with regard to various products and regions, as well as establish the business plan, product-wise and region-wise targets to be assigned to various locations keeping in view the existing policyholders and potential customers and market segments. The position will also supervise and monitor the work of the regions through the respective General Managers, and provide guidance and support as necessary. The position will also serve as a member of the Underwriting Committee in the development of new products and markets, formulating the under writing policies, setting out criteria for assessing various types of associated insurance risk, determining the premium rates for various insurance covers. Candidates meeting the above criteriamay send their applications along with the following documents-, in a sealed envelopes clearly marking the position applied for via registered post / courier at the address given below:
- (a) Resume stating thereon the educational /professional qualifications, past and present experience and most recent salary drawn.
- (b) Copies of all educational /professional qualifications (degrees, transcripts, marks sheets etc.), and a recent photograph.
- (c) Evidence of past and present experience; and d. Any other document which the candidate deems appropriate for consideration of the management of PLIC.
Equal opportunity and all decisions are based on merit. Applications along with relevant documents in sealed envelopes should reach the -mentioned address till Apri1 05, 2021, during office hours (09:00 am to 05:00 pm). Incomplete applications or the applications received after the expiry of the timeframe given herein for submission of applications shall not be taken into consideration. PLIC reserves the right to shortlist, and or reject any or all applications against the above listed position in accordance with PPR-2004. Any Candidate who directly or indirectly makes an attempt to influence the recruitment & selection process shall be disqualified.