Deputy Manager (Actuarial And Risk Management)

Ministry of Commerce; Islamabad; On-site; PKR 2,200,000 - 3,800,000; Full time

Job summary

State Life Insurance Corporation invites applications for Deputy Manager (Actuarial & Risk Management) to lead policy valuation, mortality analysis, solvency calculations, and asset-liability matching.

The role requires a Master’s in Actuarial Science, Statistics, Mathematics, or Financial Risk Management, or SOA/IFoA progress. Minimum 5 years actuarial modeling/ERM experience in life insurance. Screening test (100 MCQs) will apply. Islamabad posting.

Qualifications

• Educational requirements as stated: Master's in Actuarial Science, Statistics, Mathematics, or Financial Risk Management, or progression in SOA/IFoA papers

Responsibilities

• Lead policy valuation, mortality analysis, solvency calculations, and asset–liability matching
• Prepare regulatory filings for SECP
• Conduct actuarial modeling and risk assessments for life insurance

Job description

DEPUTY MANAGER (ACTUARIAL & RISK MANAGEMENT)

Active Prep Officer Grade / Executive Scale SLIC-RECT-2026-05 AD-SLIC-2026/05

Official recruitment notification, eligibility criteria, pay scale (Officer Grade / Executive Scale), quota allocation, and written screening test syllabus for DEPUTY MANAGER (ACTUARIAL & RISK MANAGEMENT) in the State Life Insurance Corporation of Pakistan.

Job Specifications & Posting Details

Case Number SLIC-RECT-2026-05

Department / Ministry State Life Insurance Corporation of Pakistan

Total Positions 2 Posts

Job Type / Status Full Time / Permanent

Place of Posting Islamabad

Age Limit 28 - 42 years

Estimated Base Salary Package Market Competitive Package / Standard Pay Scale

Posting Date October 25, 2026

Apply Before November 15, 2026

Open Merit (All Pakistan)

Minimum Qualifications & Experience

Educational Qualification Master's in Actuarial Science, Statistics, Mathematics, or Financial Risk Management, or progression in Society of Actuaries (SOA) / IFoA professional papers

Prescribed Experience & Eligibility Criteria Minimum 05 years of actuarial modeling or enterprise risk management experience in life insurance

Job Description & Position Overview

State Life Insurance Corporation invites applications for Deputy Manager (Actuarial & Risk Management) to lead policy valuation, mortality analysis, solvency calculations, and asset-liability matching.

• Formulate actuarial reserves for life policies, analyze mortality and morbidity experience data, conduct asset-liability matching studies, evaluate solvency margins, and prepare regulatory filings for SECP.
• Actuarial Life Contingencies, Mortality Modeling, Solvency Valuation, Asset-Liability Matching, Financial Mathematics, SECP Insurance Rules.

100 MCQs screening test comprising domain specialization, administrative governance, and English analytics.

State Life Insurance Corporation of Pakistan is the nation's largest state-owned life insurer, safeguarding millions of policyholders and managing premier national investment portfolios.