Chief Financial Officer (CFO)
About the Role
Pakistan Reinsurance Company Limited (PRCL), a prominent State-Owned Enterprise (SOE) under the Ministry of Commerce, invites applications from high-caliber financial executives for the position of Chief Financial Officer. The role oversees fiscal strategy, IFRS 17 implementation, capital solvency, and statutory compliance in accordance with SOE governance guidelines.
Key Responsibilities
- Direct the corporation's overall financial management, statutory accounting, and investment portfolio strategies.
- Lead and oversee the full implementation and compliance of IFRS 17 standards across all underwriting lines.
- Ensure adherence to SECP insurance regulations, PPRA rules, and the State-Owned Enterprises Governance Act 2023.
- Prepare long-range financial projections, annual corporate budgets, and audited financial statements for board approval.
- Supervise external audits, actuarial valuations, enterprise risk reporting, and tax planning initiatives.
Qualifications & Skills
Basic Requirements
- Fellow or Associate member of a recognized body of professional accountants (ICAP/ICMAP/ACCA) with at least 5 years of relevant post-qualification experience; OR Master's degree in Finance with 10 years experience.
- Demonstrated senior leadership experience in financial management within the insurance, reinsurance, or financial services sector.
- Deep understanding of insurance accounting, technical reserves, solvency management, and corporate taxation.
- Maximum age of 57 years as of the closing date of application.
- Pakistani citizenship with impeccable professional integrity complying with SECP Fit & Proper criteria.
Preferred Qualifications
- Prior experience serving as Chief Financial Officer in an insurance company, public sector body, or SOE.
- Demonstrated track record of executing ERP migrations and public procurement regulatory oversight (PPRA).
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About Pakistan Reinsurance Company Limited (PakRe)
Pakistan Reinsurance Company Limited (PRCL) is the sole public sector reinsurance provider in Pakistan, playing a vital role in national economic resilience, risk underwriting, and sovereign financial protection.
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