Vacancies at National Insurance Company Limited (NICL) Karachi (Nov-2023)

Positions in Reinsurance: National Insurance Company Limited (NICL) Karachi (Nov-2023)

National Insurance Company Limited (a large public sector Insurance company), is a key player in the General Insurance sector in Pakistan. The company is reinforcing IT management team and is seeking to induct suitably qualified and dynamic professionals for the following positions:

Faculty Title 1:

Manager (Reinsurance): Age: Maximum 45 (1 Position)

The position reports to General Manager (Reinsurance) and responsible for arranging and managing the reinsurance (Treaty and Facultative) programs, annually reviewing current reinsurance programs and structures and evaluate alternatives, formulating options and recommend changes, monitoring reinsurance claims recoveries, applying contemporary practices in reinsurance, risk management and claims management and responsible to implement maximum automation. The candidate should have a good understanding of the Underwriting, Claims and Reinsurances functions of commercial line business. The ideal candidate should possess a masters degree from HEC recognized University and at least Dip CII with a minimum of 8 years work experience in Underwriting and/ or Claims functions (Reinsurance experience shall be preferred).

Faculty Title 2:

Assistant Manager (Reinsurance): Age: Maximum 45 (3 Positions)

The position reports to Manager (Reinsurance) and responsible for arranging the treaty and facultative reinsurance for commercial line businesses, liaising with Underwriting department and Reinsurers to arrange the desired cover, renewals of existing reinsurance programs, responsible to implement maximum automation, reviewing the RI slips, cover notes and wordings and raise the points to the next level of management, and handle claim recoveries from reinsurers. The candidate should have a good understanding of the Underwriting, Claims and Reinsurances function of commercial line business. The ideal candidate should possess a Bachelors degree from HEC recognized University and Cert CII with a minimum of 3 years work experience in Underwriting and/ or Claims functions (Reinsurance experience shall be preferred).

All positions are Karachi Based: