The financial sector in Pakistan is rapidly developing and the insurance sector indicates a remarkable growth potential. Securities and Exchange Commission of Pakistan (SECP), highest financial regulatory of the country, has declared thrilling job prospects in the field of insurance to experienced candidates. This guide has all the information you require in regard to the 2025 Joint Director roles of the Insurance Division within the SECP.
The Pakistani insurance market is undergoing a great boom as gross written premiums increased with only 2024 growing by PKR 265 billion to PKR 311 billion. Such rise gives regulatory positions at SECP especially interesting to professionals who want to influence the future of Pakistani financial market.
Position Overview: Joint Director Insurance Division
The Securities and Exchange Commission of Pakistan is inviting applications for two Joint Director posts in the Insurance Division, Islamabad on regular basis. These are important potential career steps forward to chartered accountants who are well experienced in financial services regulation and expertise in insurance field.
Key Position Details
Position Title: Joint Director (Insurance Division)
Number of Positions: 2
Location: Islamabad, Pakistan
Employment Type: Contractual (3 years with potential for permanent employment)
Application Deadline: August 1, 2025
Age Limit: Maximum 45 years on application submission date
Comprehensive Qualification Requirements
Educational Qualifications
The main educational qualification that is necessary in this job is a Chartered Accountant (CA). This is a strict demand so that the candidates have the basics in financial expertise able to deal with regulatory complexities in the insurance industry in Pakistan.
Professional Experience Requirements
Candidates must demonstrate a minimum of 10 years of post-qualification experience, specifically structured as follows:
- Big Four Audit Firm Experience: Minimum 4 years with recognized international audit firms (Deloitte, EY, KPMG, or PwC)
- Financial Sector Regulator Experience: Minimum 3 years working with financial sector regulatory authorities
Technical Knowledge Requirements
The successful candidate must possess in-depth understanding of:
- Insurance Laws and Regulations: Comprehensive knowledge of Pakistan’s insurance regulatory framework
- Financial Reporting Standards: Expertise in International Financial Reporting Standards for Insurance (IFRS-17)
- Risk Management: Current solvency and risk-based capital regime requirements
- Regulatory Compliance: Understanding of regulatory supervision and enforcement mechanisms
Company Background: Securities and Exchange Commission of Pakistan
About SECP
The SEC of Pakistan is the highest regulator body in the corporate sector of Pakistan, in the corporate capital market and Pakistan in the financial institution. The commission was established in year 1997 under the SECP Act 1997 and is involved in ensuring financial stability and investor protection.
SECP’s Core Functions
- Corporate Sector Regulation: Oversight of company registration, compliance, and corporate governance
- Capital Market Supervision: Regulation of stock exchanges, securities brokers, and investment advisors
- Insurance Industry Oversight: Supervision of insurance companies and takaful operators
- Non-Banking Finance Companies: Regulation of NBFCs and private pension schemes
Insurance Division Role
The Insurance Division within SECP is responsible for:
- Licensing and supervision of insurance companies
- Ensuring compliance with solvency requirements
- Consumer protection in insurance services
- Market development and product innovation oversight
Salary Structure and Compensation Package
Salary Scale for Joint Director Positions
| Career Level | Monthly Salary (PKR) | Annual Salary (PKR) | Benefits Package |
|---|---|---|---|
| Entry Level | 325,000 – 400,000 | 3,900,000 – 4,800,000 | Basic + Medical + Transport |
| Mid-Level | 400,000 – 500,000 | 4,800,000 – 6,000,000 | Enhanced Benefits + Performance Bonus |
| Senior Level | 500,000 – 600,000 | 6,000,000 – 7,200,000 | Executive Benefits + Retirement Fund |
Note: Salary ranges are based on industry standards and may vary based on qualifications and experience
Additional Benefits and Work Conditions
| Benefit Category | Details | Value/Coverage |
|---|---|---|
| Medical Coverage | Comprehensive health insurance for employee and family | Up to PKR 2,000,000 annually |
| Transport Allowance | Official vehicle or transport allowance | PKR 50,000 – 80,000 monthly |
| Professional Development | Training programs and certification support | PKR 200,000 annually |
| Leave Entitlement | Annual leave, sick leave, and casual leave | 42 days annually |
| Work Schedule | Monday to Friday, 9 AM – 5 PM | 40 hours per week |
| Performance Bonus | Merit-based annual performance incentive | Up to 3 months’ salary |
Application Process and Requirements
Step-by-Step Application Guide
- Visit Official Website: Access the SECP careers portal at www.secp.gov.pk/careers
- Review Complete Advertisement: Download and thoroughly review the complete job advertisement for detailed requirements
- Prepare Required Documents:
- Updated CV/Resume
- Educational certificates and transcripts
- Professional qualification certificates
- Experience certificates from previous employers
- CNIC copy
- Domicile certificate
- Recent passport-size photographs
- Complete Application Form: Fill out the official SECP job application form available on the website
- Submit Application: Applications must be submitted within 15 days of the advertisement publication date
Contact Information for Queries
Deputy Director – HRD
Phone: +92 51 919 5444
Email: Available through official website contact form
Address: NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad
Special Preferences and Diversity Initiatives
SECP actively promotes diversity and inclusion in its workforce. The commission gives preference to:
- Female candidates meeting the specified criteria
- Candidates from underrepresented regions including:
- Balochistan
- Ex-FATA districts
- Gilgit-Baltistan
- Azad Jammu and Kashmir (AJK)
Career Growth and Development Opportunities
Professional Development Programs
SECP invests significantly in employee development through:
- Training Programs: Regular workshops on regulatory updates and industry best practices
- Professional Certifications: Support for obtaining additional professional qualifications
- International Exposure: Opportunities to attend international conferences and training programs
- Leadership Development: Structured programs for management skill enhancement
Career Progression Pathways
The Joint Director position offers excellent advancement opportunities:
- Senior Joint Director: Next level promotion within 3-5 years
- Deputy Director: Advanced management role with broader responsibilities
- Director: Senior leadership position overseeing multiple divisions
- Executive Director: Top-tier management role with strategic decision-making authority
Industry Context and Market Dynamics
Pakistan Insurance Sector Growth
The Pakistani insurance industry demonstrates robust growth potential:
- Market Size: Expected to reach US$11.62 billion by 2025
- Growth Rate: Consistent annual growth of 15-20%
- Life Insurance Dominance: 85.2% market share in overall insurance sector
- Regulatory Focus: Increasing emphasis on consumer protection and market development
Regulatory Challenges and Opportunities
The insurance sector faces several key challenges that Joint Directors will help address:
- Digital Transformation: Implementing technology-driven regulatory solutions
- Consumer Protection: Strengthening policyholder rights and complaint mechanisms
- Market Development: Expanding insurance penetration from current 0.7% to global averages
- Risk Management: Implementing sophisticated risk assessment frameworks
Skills Development and Training Requirements
Technical Skills Enhancement
Successful candidates should be prepared to develop expertise in:
- IFRS-17 Implementation: New insurance accounting standards
- Risk-Based Capital Models: Advanced solvency assessment techniques
- Digital Insurance Products: Regulation of insurtech and digital platforms
- Data Analytics: Using big data for regulatory supervision
Leadership and Management Skills
The role requires strong leadership capabilities including:
- Team Management: Leading diverse teams of regulatory professionals
- Stakeholder Engagement: Interfacing with industry representatives and government officials
- Strategic Planning: Contributing to long-term regulatory strategy development
- Crisis Management: Handling regulatory emergencies and market disruptions
Application Tips and Best Practices
Crafting a Competitive Application
To maximize your chances of selection:
- Highlight Relevant Experience: Emphasize specific achievements in insurance regulation or financial services
- Demonstrate Leadership: Provide examples of successful team leadership and project management
- Show Regulatory Knowledge: Detail your understanding of current regulatory frameworks
- Quantify Achievements: Use specific metrics to demonstrate your impact in previous roles
Interview Preparation
The selection process includes a multi-tier interview process covering:
- Technical Assessment: Insurance regulations and financial reporting standards
- Leadership Evaluation: Management experience and decision-making capabilities
- Strategic Thinking: Understanding of regulatory objectives and market dynamics
- Communication Skills: Ability to articulate complex regulatory concepts clearly
Work Environment and Culture
SECP’s Organizational Culture
SECP fosters a dynamic work environment characterized by:
- Integrity: Highest ethical standards in all professional activities
- Innovation: Encouraging creative solutions to regulatory challenges
- Collaboration: Teamwork across departments and with industry stakeholders
- Excellence: Commitment to delivering high-quality regulatory services
Work-Life Balance
The commission recognizes the importance of work-life balance through:
- Flexible Working Arrangements: Options for remote work when appropriate
- Professional Development Time: Allocated hours for training and skill development
- Family Support: Family-friendly policies and support systems
- Health and Wellness: Comprehensive health coverage and wellness programs
Future Prospects and Strategic Importance
Strategic Role in Financial Sector Development
Joint Directors in the Insurance Division play a crucial role in:
- Policy Development: Contributing to regulatory policy formulation
- Market Oversight: Ensuring fair and efficient insurance markets
- Innovation Support: Facilitating technological advancement in insurance
- International Cooperation: Representing Pakistan in international regulatory forums
Long-term Career Impact
This position offers significant long-term career benefits:
- Regulatory Expertise: Developing specialized knowledge in financial regulation
- Network Building: Establishing professional relationships across the financial sector
- Leadership Development: Gaining experience in senior management roles
- Public Service: Contributing to Pakistan’s economic development and financial stability
Conclusion and Next Steps
The SECP Insurance Division Joint Director vacancies are excellent prospects of proven chartered accountants who wish to develop their careers and grow as professionals in the field of financial development in Pakistan. As the insurance sector is growing and transforming considerably, the positions will provide an opportunity to influence regulatory systems that will affect millions of Pakistani citizens.
Competitive salaries and benefits, opportunities to grow professionally, and the ability to work on the cutting edge of financial regulation make those jobs highly desirable to the qualified professionals.
Application Checklist
Before submitting your application, ensure you have:
- Verified you meet all qualification requirements
- Prepared all required documents
- Completed the official application form
- Reviewed the complete job advertisement
- Confirmed application deadline compliance
Official Application Portal
To apply for these positions, visit the official SECP careers portal at www.secp.gov.pk/careers and follow the application instructions provided.
For additional information or clarification on any aspect of the application process, contact the Deputy Director – HRD at +92 51 919 5444.
The deadline to the application is August 1, 2025. Take this chance to be a part of leading financial regulator institution in Pakistan and become a part of development of insurance industry in this country.
Frequently Asked Questions
What qualifications are required?
Candidates must hold a Master’s or Bachelor’s degree (16 years of education) in Accounting, Finance, Insurance, or be credentialed as a CA, CMA, ACCA, or Actuary.
How much experience is needed?
At least 10 years relevant experience for Joint Director and 8 years for Additional Joint Director positions. CA articleship is acceptable.
What is the age limit for these roles?
Maximum age is typically 45 years, with reserved quotas for women, minorities, and under-represented regions like Balochistan and Gilgit-Baltistan.
What job roles are open in the Insurance Division?
Positions include Joint Director (Insurance) and Additional Joint Director (Insurance Supervision) under SECP’s Supervision Division in Islamabad.
How do I apply for these SECP jobs?
Apply online via the SECP Careers Portal. Follow the job listings, fill out the application form, and upload required documents as per the specified deadline.