Organization: State Life Insurance Corporation of Pakistan (SLIC)
Location: Karachi (Non-transferable)
Position Type: Contract (3 years, extendable)
Application Deadline: Within 15 days from advertisement publication
Contact: 021-99204527, 111-111-888

About State Life Insurance Corporation of Pakistan (SLIC)

State Life Insurance Corporation of Pakistan (SLIC) is the largest life insurance company in Pakistan by assets and a leading insurer nationwide. It provides insurance benefits across all segments of society, fulfilling commitments to policyholders and the nation.

Position Detail

SLIC is seeking a dynamic and result-oriented professional to lead, manage, and oversee operations of the Voluntary Pension Scheme (VPS) and Contributory Provident & Pension Fund (CPF). The role demands ensuring full compliance with SECP regulations, managing contributions and withdrawals, robust fund management, and smooth coordination with internal teams and external stakeholders.

This is a strategic leadership role focused on operational excellence, risk mitigation, and superior customer service. The contract is initially for three years, with the possibility of extension based on satisfactory performance.

Key Responsibilities

Operational Leadership

Lead end-to-end VPS/CPF operations including contribution collection, fund allocation, withdrawals, and annuitization.
Design and implement SOPs and workflows ensuring timely and accurate transaction processing.

Regulatory Compliance

Ensure full compliance with SECP VPS Rules (2005) and related regulations.
Oversee submission of regulatory returns, reports, and audits.

Fund Administration

Coordinate with Fund Manager, Trustees, and Custodians for daily fund management.
Monitor NAV calculation, participant allocations, and fund rebalancing.

System & Process Optimization

Collaborate with IT teams to manage VPS/CPF operations and participant servicing portals.
Oversee system controls, automation, and reporting.

Participant Services & Communication

Ensure timely communication regarding fund performance, policy changes, and statements.
Address complex participant queries and grievance resolution.

Risk Management

Identify operational risks, implement mitigation controls, and ensure internal audits and risk protocols are integrated.

Team Management & Training

Lead, train, and develop the VPS/CPF operations team.
Ensure continuity planning and cross-functional collaboration.

Required Qualifications & Experience

Master’s degree in Business Administration, Finance, Accounting, Investment, or Actuarial Science.
3-5 years of experience in insurance, asset management, and pension operations.
Minimum 1-2 years in a leadership role.
Experience with SECP-regulated retirement or mutual fund products preferred.

Skills & Competencies

Strong knowledge of VPS/CPF regulatory framework and fund operations.
Proficiency in MIS, reporting tools, and digital platforms.
Excellent leadership, communication, and stakeholder management.
Knowledge of Islamic finance and Shariah-compliant funds (an advantage).

Important Notes

Position is Karachi-based and non-transferable.
SLIC strictly follows government quota policies including for minorities, disabled persons, and women.
No TA/DA for test/interview.
Government employees must apply through proper channels with NOC.
SLIC reserves the right to accept or reject any application without assigning reasons.

How to Apply

Download the application form from the official SLIC website: www.statelife.com.pk.
Submit the completed application form, resume, two passport-size photos, domicile, experience certificates, and educational documents within 15 days of this advertisement.
Clearly mention the job title on the envelope’s right-hand corner.
Late applications will not be entertained.