Get a Quote
PQFTL Unit Prices
Banca Unit Prices
Online Payments

Home > Head of Actuarial Services

Head of Actuarial Services

Pak-Qatar Family Takaful Ltd. (PQFTL) is the first and largest dedicated Family Takaful Company in Pakistan. It provides family takaful and health takaful solutions to its customer base which includes individuals as well as businesses, and has a country-wide branch network in 70+ cities. The company is rated “A+” (stable outlook) by JCR-VIS Credit Rating Co. Limited and Pakistan Credit Rating Agency (PACRA).

We are seeking a suitably qualified candidate to fill the position of Head of Actuarial Services. Position is based in PQFT’s Head Office in Karachi.

Roles and Responsibilities:

Candidate will be responsible for all functions of Actuarial Services Department including but not limited to:

  • Product Development including liaison with Appointed Actuary and Shariah Advisor for approvals and product filing with SECP
  • Valuation for all lines of business
  • Group Life and Group Health quotation pricing and monitoring loss ratios
  • Surplus calculation of Participants Takaful Funds (PTFs) as per company policy
  • Solvency margins calculation and monitoring solvency position of statutory funds
  • Unit/NAV pricing
  • Liaison with Re-Takaful Operators
  • Dealing with the SECP on matters related to product, Re-Takaful, etc.
  • Ensure appropriate training and development of subordinates

Qualification and Work Experience:

Candidates who are Fellow (or near fellow) of Society of Actuaries (or IFoA) and have 7 or more years of work experience in actuarial role with at least 3 years in team leading role will be preferred.

Candidates who are Associate of Society of Actuaries (or IFoA) and have more than 10 years of work experience in actuarial role can also apply for this position.

Interested candidates “Apply Now” latest by June 16th, 2020.

Apply Now