State Life Chief Investment Officer (CIO) Job Opportunity in Karachi

State Life Insurance Corporation of Pakistan invites applications from dynamic, results-oriented professionals for the position of Chief Investment Officer (CIO). The appointment will be on a contract basis, initially for two years, extendable by mutual consent.

Qualifications and Eligibility

• Master’s degree in Finance, Economics, Accounting, Statistics or Business Administration; or a professional qualification of FCA, FCCA or FCMA. CFA certification will be an additional advantage.
• Maximum age: 56 years.
• Minimum ten years of experience in fixed-income and equity markets in a leading role.
• Strong command of financial modelling, valuations and forecasting trends across multiple sectors and investment instruments.
• Understanding of accounting policies and practices relating to investments generally, and the insurance sector specifically, will be an advantage.

Duties and Responsibilities

• Direct, lead and control the investment function to generate profits while managing the Corporation’s asset and liability structure.
• Develop long-term and short-term investment strategies to establish an optimum portfolio mix across various asset classes.
• Periodically monitor investment strategies and assess their suitability in relation to changing economic events.
• Assess and interpret financial information and relevant indicators before determining investment opportunities.
• Lead all aspects of investment implementation, including developing processes and procedures and selecting investment products.
• Periodically oversee fund performance against targets and expectations established by the Investment Committee, Board and Management.
• Conduct regular meetings with the Investment Committee and record its decisions.
• Stay up to date with market trends and periodically share insights, ideas and findings with Management and the Board.
• Oversee the selection of suitable securities and debt instruments and assign optimal investment weights based on fundamental research, sector analysis and available fund liquidity.
• Develop a reliable system for calculating rates of return and investment performance over time.
• Provide expert advice to Management and the Board on improving investment-related disclosures in the books of accounts.

Application Procedure

Apply using the prescribed application form available at https://statelife.com.pk/en/page/career. Submit the completed form with details of experience, copies of certificates and degrees, experience certificates and a copy of CNIC within 15 days of publication of this advertisement.

Send applications to: Divisional Head (HR & A), State Life Insurance Corporation of Pakistan, 5th Floor, Principal Office, State Life Building No. 9, Dr. Ziauddin Ahmed Road, Karachi.

No TA/DA will be admissible for the test or interview.

Reference: PID (K)1431/26.

For renting office space in State Life buildings, contact 021-99202865 or 021-99204525.