The Government of Punjab has announced new Finance Department Jobs in Punjab November 2025 Advertisement, inviting highly qualified, visionary, and strategic professionals to apply for the prestigious role of Chief Actuary in the under-formation Punjab Life Insurance Company. This key leadership position requires exceptional actuarial expertise, strong financial insight, and the ability to drive product development, risk management, and strategic decision-making within the insurance sector. The selected candidate will directly report to the CEO and play a pivotal role in shaping the company’s long-term direction, ensuring profitability, regulatory compliance, and operational excellence.

Program Overview

Govt Jobs in Pakistan

Available Position Details

1. Chief Actuary

No. of Posts: 01

Location: Punjab Civil Secretariat, Lahore

Age Limit: Not more than 57 years

Key Responsibilities

Strategic & Actuarial Leadership

• Provide actuarial insights to support overall business strategy.
• Advise senior management on product performance, pricing, and market trends.
• Evaluate new products, expansions, and ventures for profitability.
• Lead and mentor the actuarial team.

Pricing, Product Development & Risk Management

• Develop actuarially sound pricing models for insurance products.
• Manage insurance-related risks and recommend pricing strategies.
• Use data analytics tools for improved pricing and claims prediction.
• Conduct scenario analysis and stress testing.
• Oversee reinsurance structure, strategy, and partner relationships.

Regulatory Compliance

• Ensure compliance with SECP rules and other regulatory frameworks.
• Stay updated on evolving actuarial and insurance regulations.

Team Development & People Management

• Build, train, and motivate the actuarial team.
• Promote diversity, inclusion, innovation, and accountability.

Stakeholder Communication & Operational Excellence

• Present actuarial insights clearly to CEO, Board, and key stakeholders.
• Enhance operational efficiency, reduce costs, and improve customer satisfaction.

Required Qualification

• Fellow/Associate of:
  • Society of Actuaries (FSA), or
  • Institute and Faculty of Actuaries (FIA), or
  • Any recognized global actuarial body.
• Additional certifications in Business Strategy/Data Science (preferred).

Experience Requirements

• Minimum 5 years relevant experience in:
  • Insurance companies
  • Actuarial firms
  • International insurance entities
• Local or foreign experience accepted.

Sindh Public Service Commission Jobs

How to Apply

Step-by-Step Application Process

1. Prepare a detailed and updated CV.
2. Attach the following documents:
   • Academic testimonials
   • Experience certificates
   • CNIC
   • Recent passport-size photograph
3. Submit your application via post or email before 10 December 2025.
4. Send applications to the following:

Section Officer (W&M)
Finance Department, Government of the Punjab
Punjab Civil Secretariat, Lahore
📩 Email: fd.so.wm@punjab.gov.pk
📞 Phone: 042-99213664

Terms & Conditions

Important Guidelines

1. Only candidates meeting the eligibility criteria will be considered.
2. Market-based competitive salary package will be offered.
3. Incomplete applications will not be entertained.
4. Applications submitted after the closing date will be rejected.
5. Shortlisted candidates will be informed about the interview schedule.
6. No TA/DA is admissible for interview.
7. The company reserves the right to accept or reject any application without providing any reason.