Last Updated: 12 November 2026
Author: Muhammad Imran – Educativz.com
Source: Pakistan Reinsurance Company Limited advertisement (PID(K) 1550/26) in Daily Jang Karachi e-paper, Thursday 12 November 2026, page 6, the vacancy page on the National Job Portal (njp.gov.pk/jobs/10631) and the PRCL careers page.
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Quick answer: PRCL jobs November 2026: Pakistan Reinsurance Company Limited (PakRe), Ministry of Commerce, Karachi, is hiring 1 Executive Director (Underwriting) on a performance-based contract of 3 years. Maximum age is 57 years. You qualify through one of three routes: ACII / FCII with 15 years, a Master’s / 16-year degree with 20 years, or an actuarial fellowship / associateship with 15 years (5 years as a key officer in every route). Apply online only on the National Job Portal. The NJP vacancy page shows 25 November 2026 as the deadline.
Deadline note: the newspaper ad prints no calendar date, only “within fifteen (15) days of the publication of this advertisement”. The NJP vacancy page (posted 11 November 2026) shows “Available till 25 Nov 2026”, so use 25 November 2026. If you count 15 days from the newspaper date (12 November) you get 27 November; do not rely on that, apply by 25 November and confirm on NJP.
In this guide
PRCL Jobs November 2026: At a Glance
| Organization | Pakistan Reinsurance Company Limited (PRCL / PakRe), under the administrative control of the Ministry of Commerce, Government of Pakistan |
| Position | Executive Director (Underwriting) |
| Number of posts | 1 |
| Place of job | PRC Towers, 32-A Lalazar Drive, M.T. Khan Road, Karachi (the company address printed in the ad) |
| Employment | Performance-based contract for 3 years (NJP lists the job type as Contract, grade shown as BPS-20) |
| Age limit | Not more than 57 years as of the closing date of the advertisement |
| Qualification | Three alternative routes, see the table below |
| How to apply | Online only on the National Job Portal: njp.gov.pk/jobs/10631 (portal home: www.njp.gov.pk) |
| Last date | 25 November 2026 (as shown on the NJP vacancy page; the ad says “within 15 days of publication”) |
| Salary / pay | Competitive market-based package, decided at the interview. No figure is printed. |
| Advertisement | Daily Jang Karachi, 12 November 2026, page 6, PID(K) 1550/26 |
Eligibility Criteria: Three Routes to Qualify
You need only one of the three routes below (they are joined by “OR” in the ad). In every route, 5 years of the experience must have been as a Key Officer of an insurer or re-insurer.
| Route | Qualification | Total experience (post-qualification) | Key officer years |
| A | ACII or FCII (Associate or Fellow of the Chartered Insurance Institute) | At least 15 years of relevant experience with an insurer / reinsurer | 5 years as Key Officer of an insurer / re-insurer |
| B | Master’s degree or 16 years of education in Insurance, Risk Management, Finance or M.Com (Insurance) from an HEC-recognized university | At least 20 years of post-qualification experience with an insurer / re-insurer | 5 years as key officer of an insurer / re-insurer |
| C | 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 | At least 15 years of relevant post-qualification experience | 5 years as key officer of an insurer / re-insurer |
| Requirement | As printed in the ad |
| Age | Not more than 57 years as of the closing date of the advertisement. The ad prints no age relaxation. If you are close to 57, email HR before you apply. |
| Key Officer | Not defined in the ad. The NJP job description points to the fit-and-proper rules for key officers under the Insurance Companies (Sound and Prudent Management) Regulations, 2012 and Section 12 of the Insurance Ordinance, 2000. |
| Degree rule | Route B needs the degree from an HEC-recognized university; original documents with HEC-verified testimonials are required at the interview. |
| Equal opportunity | PRCL says it is an Equal Opportunity Employer. The ad has no gender restriction. |
About the Role: What an Executive Director (Underwriting) Does
The newspaper ad lists only the eligibility. The job description on the NJP vacancy page says the Executive Director (Underwriting) leads PRCL’s reinsurance and Retakaful underwriting and reports to the Chief Executive Officer. In plain words, the post is responsible for:
- Underwriting strategy: proposing the yearly underwriting plan, class-wise risk appetite and capacity, and keeping pricing disciplined (results before premium volume).
- Inward treaty and facultative business: leading treaty renewals and accepting, declining or referring facultative risks within delegated authority.
- Retrocession: designing and placing PRCL’s own reinsurance protection (proportional, excess of loss and catastrophe covers) with counterparties that meet SECP rating rules.
- Window Retakaful: underwriting Retakaful business under the Takaful Rules, 2012 and the rulings of the Shariah Advisor.
- Catastrophe exposure and counterparty quality: accumulation control, probable maximum loss reporting, and limits on cedants, brokers and retrocessionaires.
- Inputs to finance and capital: giving underwriting data to Finance and the Appointed Actuary for reserving, solvency, IFRS 17 and the business plan.
- People and controls: leading and developing the underwriting team and keeping first-line controls, audit follow-up and conduct standards in place.
The NJP page also says the post holder must meet the fit-and-proper criteria of the State-Owned Enterprises (Governance and Operations) Act, 2023 and the Insurance Ordinance, 2000, and must file the yearly declaration of assets and investments required of senior management officers. Read the full text on NJP before you apply, because it is the detailed document; this page only summarizes it.
PRCL has advertised other senior posts recently. See our PakRe CEO job post and PakRe CFO job post (both now closed), our PRCL Management Trainee Officer post and the PRCL Senior Management Associate ad in our Jang Karachi page 8 post. This article covers only the 12 November 2026 Executive Director (Underwriting) ad.
Terms and Conditions Printed in the Ad
- PRCL is an Equal Opportunity Employer.
- The appointment is on a performance-based contract for 3 years. The selected candidate gets a competitive, market-based compensation package, mutually decided at the interview according to relevant, verifiable experience.
- Apply online only at njp.gov.pk within fifteen (15) days of publication, uploading an updated CV / resume with a copy of CNIC, academic / professional degrees and transcripts, and experience certificates.
- If you face difficulty in the online application, contact the HR Department on the phone number or email printed in the ad.
- Original documents with HEC-verified testimonials are required at the time of the interview.
- Candidates are not entitled to any TA / DA for the interview.
- PRCL can stop the hiring process at any stage without giving a reason.
- Only shortlisted applicants are invited, and selection is finalized as per the approved policy of PRCL.
- Any effort to influence the recruitment leads to disqualification, even if the candidate is otherwise qualified.
- Applications not submitted as per these instructions will not be considered.
How to Apply on the National Job Portal Step by Step
Go to njp.gov.pk/jobs/10631 (Executive Director Underwriting, Pakistan Reinsurance Company Limited). You can also reach it from www.njp.gov.pk. Use only the official address.
Check the three routes, the age limit and the NJP job description against your own record before you spend time on the application.
The vacancy page shows a “Login to Apply” button. Sign in with your own NJP account, or create one with your own details and complete your profile (education, experience, CV).
Upload your updated CV / resume, CNIC copy, degrees and transcripts (HEC-recognized), professional certificates (ACII / FCII or actuarial) and experience certificates that show your key-officer years.
Do not wait for the last day. Save the confirmation or a screenshot of your submitted application.
Contact the PRCL HR Department: 021-99202908, Ext 245 or 281, email careers@pakre.org.pk (as printed in the ad).
The ad only says to apply online through NJP. The steps above describe the usual portal flow; if the portal screens differ, follow the portal.
What the Ad Does Not Say
| Item | Status |
| Salary / package | No figure. “Competitive, market-based”, decided at the interview. |
| Exact closing date in the ad | Not printed. NJP shows 25 November 2026. |
| Definition of Key Officer | Not in the ad (see the note in the eligibility section) |
| Application fee | No fee is mentioned in the ad |
| Age relaxation | Not mentioned |
| Interview date and place | Not announced; shortlisted candidates only |
| Perks (car, medical, etc.) | Not printed in the ad |
Documents to Prepare and Free Educativz Tools
- CNIC (front and back), updated CV, degrees and transcripts, ACII / FCII or actuarial certificates, experience letters that clearly show your 15 or 20 years and your 5 key-officer years.
- Resize photos and scans for the portal with the Free Image Resizer.
- Turn scans into one file with Image to PDF, join files with Merge PDF and shrink big files with Compress PDF.
- Check your age on the closing date with the Age Calculator for Govt Jobs.
- Build a clean CV with the CV Builder. See all free Educativz tools.
Interview Tips
- The ad says only shortlisted applicants are called, so make your CV show clearly where you were a key officer and for how many years.
- Be ready to talk about treaty and facultative pricing, retrocession structure, catastrophe accumulation and your results by class of business.
- Revise the Insurance Ordinance, 2000, the Takaful Rules, 2012, IFRS 17 basics, SECP rating rules for reinsurers and the SOE Act, 2023 fit-and-proper rules, since the NJP job description names them.
- Keep original documents and HEC-verified testimonials ready; no TA / DA is paid for the interview.
Safety Note: Apply Only Through NJP
Read before you apply:
- Apply only through the National Job Portal. The ad prints no fee and does not ask you to send money to anyone.
- Do not pay anyone for a “guaranteed” PRCL job and do not share your CNIC image, OTP or NJP password on WhatsApp or Facebook.
- This article is a reading of the newspaper ad and the NJP page. The printed ad and the NJP vacancy page are final.
Karna / Nahi Karna
Karna:
- Check which of routes A, B or C you fit, and count your key-officer years (5) separately from your total years.
- Apply on NJP well before 25 November 2026.
- Keep original documents and HEC-verified testimonials ready for the interview.
- Call or email PRCL HR if the portal fails, and keep a record of the date and time.
Nahi karna:
- Do not apply if you are over 57 on the closing date; the ad prints no relaxation.
- Do not count total experience without the key-officer years; every route needs 5 years as a key officer.
- Do not send hard copies or email your CV instead of applying online; the ad says applications not submitted as instructed will not be considered.
- Do not use unofficial links or pay agents, and do not try to influence the selection (it leads to disqualification).
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PRCL Jobs November 2026: FAQs
What is the last date for the PRCL Executive Director (Underwriting) job?
The ad says to apply within 15 days of publication and prints no date. The NJP vacancy page shows 25 November 2026, so apply by then and confirm on NJP.
How many posts are there?
One post: Executive Director (Underwriting) at Pakistan Reinsurance Company Limited, Karachi.
What is the age limit?
Not more than 57 years as of the closing date of the advertisement. No relaxation is printed.
What qualification is required?
One of three routes: (A) ACII or FCII with 15 years, (B) a Master’s degree or 16 years of education in Insurance, Risk Management, Finance or M.Com (Insurance) from an HEC-recognized university with 20 years, or (C) Fellow or Associate of the Casualty Actuarial Society, the Institute of Actuaries (England) or the Society of Actuaries (USA) with 15 years. Five years must be as a key officer in every route.
Is it a permanent job?
No. It is a performance-based contract for 3 years.
What is the salary?
The ad does not print a figure. It says a competitive, market-based package will be decided at the interview according to your verifiable experience.
How do I apply?
Online only through the National Job Portal (njp.gov.pk), uploading your CV, CNIC copy, degrees, transcripts and experience certificates. Hard copies are not mentioned.
Is there TA / DA or an application fee?
No TA / DA is paid for the interview. The ad prints no fee.
Who should I contact if the online application fails?
The PRCL HR Department: 021-99202908 (Ext 245 or 281) or careers@pakre.org.pk, as printed in the ad.
Do I need HEC-verified documents?
Original documents along with HEC-verified testimonials are required at the interview. Route B also needs an HEC-recognized university degree.
