Job Available At National Insurance Company Limited NICL
Job Available At National Insurance Company Limited NICL , The National Insurance Company Limited (NICL), a key public sector organization and a major player in Pakistan’s general insurance sector, has announced a premier career opportunity for a top-tier financial professional. The state-owned enterprise is seeking to induct a qualified and dynamic individual for the C-Level position of Chief Internal Auditor (CIA), a critical role based at its Head Office in Karachi.
This is a significant leadership appointment, governed by the State-Owned Enterprises (SOE) Guidelines, aimed at strengthening the company’s governance, risk management, and internal control frameworks. It is a call for a seasoned professional to take the helm of the internal audit function, reporting directly to the Board’s Audit Committee and playing a pivotal role in the strategic oversight of the national insurer. The deadline for this high-stakes opportunity is within fifteen days from the date of the advertisement’s publication.
The role of the Chief Internal Auditor at NICL is one of immense responsibility and strategic importance. The CIA will be the ultimate custodian of the organization’s internal control environment, ensuring strict compliance with all applicable laws, regulations, and sound risk management principles. The position’s key responsibilities include the planning and execution of comprehensive audits, the identification of procedural gaps, supporting investigations where necessary, and driving the continuous improvement of internal processes. Beyond the technical aspects of auditing, the CIA will be a champion for strengthening governance, promoting transparency, accountability, and efficiency across all facets of the organization. This leader will also be responsible for ensuring adherence to the Code of Corporate Governance for Insurers 2016 and the SOE Act 2023, along with other duties assigned by the Board.
To be considered for this C-Level appointment, candidates must meet a stringent set of eligibility criteria. As per the SOE (C-Level Appointments) Guidelines 2024, the ideal candidate must be a member of a recognized body of professional accountants, holding a qualification such as CA, CPA, ACMA, ACCA, or an MBA (Finance) from a reputed local or international university. This must be complemented by a minimum of five years of relevant, high-level experience in the fields of auditing and risk management. This experience should include a proven track record in designing and implementing internal control procedures and demonstrating an effective understanding of financial reliability, governance, and risk controls, particularly within the context of State-Owned Enterprises or large-scale public sector projects.
Furthermore, the potential candidate must meet the “fit and proper” criteria as specified in Section 16 and Schedule-IV of the SOE Act, 2023. This ensures that the individual appointed possesses the utmost integrity, competence, and soundness of judgment required for such a senior leadership role. Excellent communication and interpersonal skills are also a prerequisite for effectively liaising with the Board, senior management, and regulatory bodies. The maximum age for this position is set at 50 years.
“Appointing a Chief Internal Auditor under the new SOE Act is a critical move for any public sector giant like NICL,” notes a corporate governance expert. “This is no longer just a back-office audit function; it’s a strategic, C-suite role that is central to the board’s oversight responsibilities. The person who takes this job will be at the very heart of the organization’s governance structure, tasked with providing independent assurance that the company is operating transparently and in the public’s best interest. It requires a professional of the highest caliber and unquestionable integrity.”
The mode of employment for this position is a purely contractual, open-ended contract, governed by its specific terms and conditions. The selected candidate will be offered a competitive, market-based compensation package backed by an attractive salary. The final package will be mutually decided during the interview process, commensurate with the relevant verifiable experience and qualifications of the candidate. As an equal opportunity employer, NICL strongly encourages female professionals to apply for this senior leadership position.
How to Apply
The application process for this C-Level position is being managed by NICL’s consultant, UHY Hassan Naeem & Company, and offers multiple channels for submission. To be considered, interested and eligible candidates must apply within fifteen days from the date of this advertisement’s publication. Applicants have three options to submit their application. They can apply online through the consultant’s official website at www.uhy-hnco.com, or via the National Job Portal at https://njp.gov.pk. Alternatively, candidates may email their application and detailed resume to hr@uhy-hnco.com. It is crucial to ensure that the application is complete and submitted within the stipulated timeframe, as incomplete or delayed applications will not be considered. Candidates currently working in Government, Semi-Government, or Autonomous Bodies must provide a No Objection Certificate (NOC) at the time of the interview. Only shortlisted applicants will be invited for an interview, where they will be required to present their original documents for verification.
