State Life SLIC Jobs in Karachi: A Guide to the Head of Operations (VPS & CPF) Position
State Life SLIC Jobs in Karachi, State Life Insurance Corporation of Pakistan (SLIC), the nation’s largest life and health insurer, has announced a significant “Job Opportunity” for a senior professional. State Life is looking for a dynamic and result-oriented individual to lead, manage, and oversee the operations of its Voluntary Pension Scheme (VPS) and Contributory Provident & Pension Fund (CPF). This is a key strategic role based in Karachi.
Industry Overview: The Custodians of the Nation’s Financial Future
State Life is a cornerstone of Pakistan’s financial sector, with a mission to extend the benefits of insurance and long-term savings to all sections of society. The Voluntary Pension Scheme (VPS) and Contributory Provident & Pension Fund (CPF) are critical components of this mission, providing individuals and organizations with regulated and secure avenues for retirement planning. The Head of Operations for this division is not just a manager; they are a custodian of the long-term financial well-being of thousands of participants, ensuring that their retirement savings are managed with the utmost integrity, efficiency, and compliance.
Current Market Demand
In the growing landscape of private pensions and retirement funds in Pakistan, the demand for experienced leaders who can navigate the complex regulatory environment of the Securities and Exchange Commission of Pakistan (SECP) is paramount. This role requires a professional who can blend deep operational expertise with a strategic mindset. The ideal candidate will be a leader who can manage the end-to-end operations of the funds, ensure unwavering compliance with SECP regulations, and coordinate seamlessly with a wide range of internal and external stakeholders, including fund managers, trustees, and custodians. This is a call for an expert in the specialized field of pension and asset management operations.
Required Qualifications & Vacancy Details
State Life is seeking one exceptional individual for this senior leadership role.
The ideal candidate for the Head of Operations (VPS & CPF) position must hold a Master’s degree in Business Administration, Finance or Accounting, Investment, or Actuarial Science. In terms of professional experience, a minimum of 3 to 5 years is required in the fields of insurance, asset management, or pension operations. This must include at least 1 to 2 years in a leadership role. A strong preference will be given to candidates who have prior experience in handling SECP-regulated retirement or mutual fund products.
The candidate must possess a deep understanding of the VPS/CPF regulatory framework, strong process management and risk assessment skills, and proficiency in MIS and reporting tools. Excellent leadership, communication, and stakeholder management capabilities are essential. Furthermore, a knowledge of Islamic finance and Shariah-compliant funds is considered an added advantage. The maximum age limit for this position is 45 years.
Key Role & Responsibilities
The Head of Operations will be the strategic and operational leader of the VPS/CPF function. The core responsibilities are multi-faceted and include:
- Operational Leadership: Leading the end-to-end operations, including contribution collection, fund allocation, switching, withdrawals, and annuitization.
- Regulatory Compliance: Ensuring full and unwavering compliance with the SECP’s VPS Rules 2005 and all related regulatory frameworks, including the preparation and submission of all regulatory returns and reports.
- Fund Administration: Coordinating with the Fund Manager, Trustees, and Custodians to manage daily fund operations.
- System & Process Optimization: Working with IT teams to enhance the digital platforms for VPS/CPF operations and participant servicing.
- Participant Services & Communication: Ensuring timely and accurate communication with all participants and handling complex queries and grievance resolution.
- Risk Management: Identifying operational risks and implementing robust mitigation controls.
- Team Management & Training: Leading, training, and developing the VPS/CPF operations team to ensure high performance and compliance.
Application Process: Your Step-by-Step Guide
The application process is manual and requires the submission of a prescribed application form along with a complete set of hard-copy documents.
First, all interested candidates must download the official Application Form from the State Life website.
Official State Life Website: www.statelife.com.pk
Next, you must prepare a comprehensive application package. This should include:
- The duly-filled Application Form.
- Your detailed Resume.
- Two recent passport-size photographs.
- Copies of your Domicile, experience certificates, and all educational documents.
This complete package must be sent via post or courier to the address below. It is crucial to indicate the job title (“Head of Operations – VPS & CPF”) on the right-hand corner of the envelope.
Divisional Head (HR & Admin)State Life Insurance Corporation of Pakistan,12th Floor, State Life Building No. 11,Abdullah Haroon Road, Karachi.
The deadline for the submission of applications is within 15 days after the publication of this advertisement. Candidates must check the date of the original newspaper ad to calculate the exact closing date.
Important Notes for Applicants
- The position is based in Karachi only and is non-transferable.
- Government employees should apply through the proper channel after getting an NOC from their parent department.
- No TA/DA will be admissible for the test or interview.
Expert Tips for Applicants
- Highlight Your SECP-Regulated Product Experience: The preference for experience with SECP-regulated retirement or mutual funds is the most critical criterion. Your CV must have a dedicated section that details your specific experience in managing these products, your familiarity with the VPS Rules 2005, and your track record of regulatory compliance.
- Showcase Your Leadership and Stakeholder Management Skills: This is a leadership role that involves coordinating with multiple external parties (Fund Managers, Trustees, Custodians). Your application should provide clear examples of your experience in managing these complex relationships.
- Demonstrate Your Technical and Digital Proficiency: The role requires proficiency in MIS, reporting tools, and digital platforms. List the specific software and systems you are comfortable with to show you are a modern, tech-savvy operations leader.
- A Professional and Meticulous Application is a Must: You are applying for a senior position at the country’s largest insurance corporation. Your application package must be flawlessly organized, complete, and professionally presented. This is your first impression.
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