Pakistan Reinsurance Company Limited (PRCL) has advertised for an Executive Director (Underwriting), a senior post at the head of its reinsurance and retakaful underwriting work. The vacancy is listed on the National Jobs Portal, and applications must be submitted online within 15 days of the advertisement's publication on 12 November 2026.

The appointment is on a performance-based contract for three years, with a competitive market-based pay package to be agreed during the interview. The post is based in Karachi, where PRCL has its head office at PRC Towers on M. T. Khan Road. The maximum age for applicants is 57 years, counted on the closing date of the advertisement.

What the role involves

The Executive Director (Underwriting) will lead PRCL's reinsurance and retakaful underwriting and will be accountable to the Chief Executive Officer for profitable, prudently priced inward treaty and facultative business. The role also covers a secure and cost-effective retrocession programme, kept within the risk appetite approved by the board.

Day to day, the post holder will propose the annual underwriting plan, lead treaty renewals, accept or decline facultative risks within delegated authority, and design the retrocession programme, including proportional, excess of loss and catastrophe covers. The role also involves monitoring portfolio profitability by class, cedant and broker, and recommending corrective action where a segment is losing money.

The work is governed by the Insurance Ordinance 2000, the State-Owned Enterprises (Governance and Operations) Act 2023, the Code of Corporate Governance for Insurers 2016 and the Takaful Rules 2012. The post holder must also file reinsurance arrangements with the Securities and Exchange Commission of Pakistan when required, and keep retakaful business separate from conventional business under the Shariah adviser's rulings.

Claims settlement sits outside this role, as do internal audit, compliance and actuarial judgements. The role does include leading and developing the underwriting team, maintaining succession plans and upholding the company's code of conduct.

Who can apply

Applicants must meet one of three qualification and experience routes set out in the advertisement. The first route is for insurance professionals holding the Associateship or Fellowship of the Chartered Insurance Institute, with at least 15 years of relevant post-qualification experience with an insurer or reinsurer, including five years as a key officer.

The second route is for candidates with a master's degree or 16 years of education in insurance, risk management, finance or M.Com Insurance from a university recognised by the Higher Education Commission, with at least 20 years of relevant post-qualification experience, including five years as a key officer of an insurer or reinsurer.

The third route is for actuaries who are a Fellow or Associate member of the Casualty Actuarial Society, the Institute of Actuaries in England or the Society of Actuaries in the United States of America, with at least 15 years of relevant post-qualification experience, including five years as a key officer.

Whoever is appointed must also satisfy the fit and proper criteria that apply to senior management officers under the State-Owned Enterprises Act 2023 and the sound and prudent management rules for insurers, and must submit an annual declaration of assets and investments.

How to apply

Applications go through the National Jobs Portal only. Candidates should open the Executive Director (Underwriting) listing on the portal and upload an updated CV or resume, a copy of their CNIC, academic and professional degrees and transcripts, and experience certificates.

The advertisement states that applications must be submitted within 15 days of publication, which falls on 27 November 2026. Candidates should still follow the closing date shown on the National Jobs Portal listing itself, as that is the date the portal will enforce.

Only shortlisted candidates will be invited for interview, and they will need to present original documents along with Higher Education Commission verified testimonials. No travel allowance or daily allowance is payable for attending an interview. PRCL says it may stop the recruitment process at any stage without giving a reason, and that any attempt to influence the process will lead to disqualification.

Candidates who have difficulty with the online application can contact PRCL's Human Resources Department at careers@pakre.org.pk or on 021-99202908, extensions 245 or 281. PRCL describes itself as an equal opportunity employer.

About Pakistan Reinsurance Company

PRCL is Pakistan's national reinsurance company, working under the administrative control of the Ministry of Commerce. It takes on part of the risk carried by insurers and takaful operators in Pakistan and places retrocession cover abroad.

The post is therefore central to the company: the quality of its treaty and facultative decisions shapes its profitability, solvency and standing with cedants, brokers and rating agencies. The three-year performance-based contract reflects that, with pay tied to verifiable experience and agreed at interview.