📊 SECP Jobs 2026 — Additional Director Insurance Division (02 Positions) | Actuarial Professionals | Associate Member CAS/IFoA/SOA Required | 8 Years Experience | Islamabad | Last Date: 29 June 2026.
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Application Deadline: 29 June 2026 | 15 Days from Advertisement Publication | Apply at secp.gov.pk/careers
Organization
SECP — Securities & Exchange Commission of Pakistan
Division
Insurance Division
Total Positions
02 — Additional Director
Location
Islamabad
Qualification
Master's/Bachelor's (16 Years) + Associate Member CAS/IFoA/SOA/IAA
Experience
8 Years Actuarial + 3 Years Post-Certification
Age Limit
Maximum 45 Years
Contract
3 Years (Extendable — Regularization Possible)
Last Date
29 June 2026
📊 SECP Jobs 2026 — Additional Director Insurance Division | Complete Career Guide
The Securities and Exchange Commission of Pakistan (SECP), the apex regulator of Pakistan's capital markets and corporate sector, has announced prestigious opportunities for actuarial professionals in its Insurance Division for 2026. SECP is seeking qualified, result-oriented, and dynamic professionals with impeccable integrity and strong analytical capabilities for two (02) positions of Additional Director — Insurance Division, based in Islamabad.
This is an exceptional opportunity for Associate Members of the Casualty Actuarial Society (CAS), Institute and Faculty of Actuaries UK (IFoA), Society of Actuaries USA (SOA), or any member institute of the International Actuarial Association (IAA) to serve in Pakistan's premier financial regulatory authority. With a minimum of 8 years of actuarial experience including 3 years post-certification, a maximum age of 45 years, and a 3-year contractual term with extension and regularization prospects, these positions offer unparalleled career advancement in insurance regulation and actuarial practice at the national level. The application deadline is 29 June 2026 — with only 15 days from the advertisement date, interested candidates must act swiftly.
📊 Job Overview — SECP Insurance Division Jobs 2026
| Details | Information |
|---|---|
| Organization | Securities and Exchange Commission of Pakistan (SECP) |
| Division | Insurance Division |
| Position | Additional Director |
| Number of Vacancies | 02 |
| Job Type | Contractual — 3 Years (Extendable on Performance & Organizational Need) |
| Regularization | Possible after 3 years, subject to fulfilment of prescribed criteria |
| Sector | Government — Federal Regulatory Authority |
| Location | Islamabad (All Positions) |
| Qualification | Master's/Bachelor's (16 years) + Associate Member CAS/IFoA/SOA or member institute of IAA |
| Experience | Minimum 8 years actuarial work + 3 years post-certification |
| Age Limit | Maximum 45 Years on closing date |
| Last Date to Apply | 29 June 2026 (15 Days from Advertisement Publication) |
| Application Mode | Online via secp.gov.pk/careers |
| Contact | Deputy Director — HRD | +92 51 919 5444 |
🏛️ About SECP — Pakistan's Apex Capital Market & Insurance Regulator
The Securities and Exchange Commission of Pakistan (SECP) is the apex regulatory authority responsible for overseeing Pakistan's capital markets, corporate sector, insurance industry, non-banking financial institutions, and related sectors. Established under the SECP Act, 1997, the Commission operates with the mandate to develop a fair, efficient, and transparent regulatory framework that protects investors and policyholders, promotes market integrity, and facilitates capital formation.
SECP's Insurance Division plays a critical role in regulating and supervising Pakistan's insurance sector — including life insurance, non-life insurance, takaful (Islamic insurance), and reinsurance companies. The Division is responsible for licensing insurers, monitoring solvency and financial soundness, approving insurance products, enforcing regulatory compliance, and protecting policyholder interests. Actuarial expertise is central to the Division's work — from pricing and reserving reviews to solvency assessments and risk-based capital frameworks. Joining SECP's Insurance Division as an Additional Director places you at the forefront of insurance regulation in Pakistan, working on complex actuarial and regulatory challenges that directly impact the stability and growth of the country's insurance industry.
📋 Available Position — Detailed Breakdown
📊 Additional Director — Insurance Division (02 Positions)
Grade/Rank: Senior Management — Insurance Regulation & Actuarial
Division: Insurance Division, SECP
Location: Islamabad
Number of Vacancies: 02
Educational Qualification:
- Master's degree or Bachelor's degree (equivalent to 16 years of education) from an HEC-recognized university.
- AND must be an Associate Member of one of the following recognized actuarial bodies:
- Casualty Actuarial Society (CAS)
- Institute and Faculty of Actuaries UK (IFoA)
- Society of Actuaries USA (SOA)
- Any member institute of the International Actuarial Association (IAA)
Post-Qualification Experience:
- Minimum 8 years of experience in actuarial work with an actuarial firm, the actuarial department of an insurer, or any other relevant organization.
- This 8 years must include at least 3 years of post-actuarial certification experience (i.e., experience gained after obtaining the Associate membership).
Age Limit:
- Maximum 45 years on the closing date for submission of applications (29 June 2026).
Contract Terms:
- 3-year contractual basis, extendable on organizational need and individual performance.
- Regularization possible after completion of three years, subject to fulfilment of prescribed criteria.
Diversity & Inclusion:
- Applications are encouraged from female candidates, minorities, persons with different abilities, and candidates from Balochistan, Ex-FATA districts, Gilgit-Baltistan, and Azad Jammu & Kashmir (AJK).
📊 Recognized Actuarial Bodies — Eligibility Reference
| Actuarial Body | Abbreviation | Headquarters | Associate Membership Required |
|---|---|---|---|
| Casualty Actuarial Society | CAS | USA | Associate (ACAS) |
| Institute and Faculty of Actuaries | IFoA | United Kingdom | Associate (AIA) |
| Society of Actuaries | SOA | USA | Associate (ASA) |
| Any Member Institute of the International Actuarial Association (IAA) | IAA | Global (Canada) | Associate Membership as per institute standards |
📌 Note: The IAA has member institutes worldwide, including actuarial bodies in Australia, Canada, India, South Africa, and other jurisdictions. If you hold an Associate membership from any IAA member institute, you are eligible. Check the IAA website (actuaries.org) for the complete list of member associations.
✅ Eligibility Criteria — Detailed Requirements
Educational Requirements
- Mandatory: Master's degree or Bachelor's degree (equivalent to 16 years of education) from an HEC-recognized university.
- Mandatory: Associate Membership of at least one recognized actuarial body: CAS (ACAS), IFoA (AIA), SOA (ASA), or any IAA member institute.
- Degrees in Actuarial Science, Mathematics, Statistics, Finance, Economics, or related quantitative fields are typically expected given the actuarial certification requirement.
Post-Qualification Experience
- Total Experience: Minimum 8 years of actuarial work experience.
- Post-Certification Experience: At least 3 years of the 8 years must be after obtaining the Associate actuarial certification.
- Relevant Work Settings: Actuarial firm, actuarial department of an insurance company (life, non-life, takaful, reinsurance), or any other relevant organization employing actuarial professionals.
- Preferred Experience Areas: Insurance pricing, reserving, solvency assessment, risk-based capital, financial modeling, regulatory reporting, product development, or actuarial auditing.
Age Requirements
- Maximum age 45 years on the closing date (29 June 2026).
- No specific age relaxation is mentioned for this position (unlike the Adjudication Division Deputy Director position).
Diversity & Inclusion
- Applications are particularly encouraged from female candidates.
- Candidates from minorities are encouraged to apply.
- Persons with different abilities are welcome.
- Candidates from Balochistan, Ex-FATA districts, Gilgit-Baltistan, and Azad Jammu & Kashmir (AJK) are strongly encouraged.
Other Conditions
- Must possess impeccable integrity and strong analytical capabilities.
- Must be result-oriented and dynamic.
- Appointment is on a contractual basis for three (3) years, extendable on performance and organizational need.
- Regularization may be considered after three years, subject to prescribed criteria.
- Only shortlisted candidates will be contacted.
- Selection is based on a multi-stage evaluation process.
- SECP reserves the right to cancel the recruitment process at any stage.
💡 Required Skills for SECP Insurance Division Role
- Actuarial Expertise: Deep knowledge of actuarial principles, methodologies, and standards — particularly in insurance pricing, reserving, solvency, and risk management.
- Insurance Regulation Knowledge: Understanding of insurance regulatory frameworks, solvency regimes, risk-based capital models, and international standards (IAIS, Solvency II, IFRS 17).
- Quantitative Analysis: Advanced proficiency in statistical modeling, financial mathematics, probability theory, and data analysis.
- Regulatory Compliance: Ability to assess insurer compliance with regulatory requirements, evaluate financial soundness, and identify early warning indicators.
- Financial Acumen: Strong understanding of insurance company financial statements, asset-liability management, and investment strategies.
- Communication Skills: Ability to explain complex actuarial concepts to non-actuarial stakeholders — including regulators, policymakers, and industry representatives.
- Report Writing: Exceptional skills in drafting regulatory reports, policy papers, and technical documents.
- Professional Integrity: Unwavering commitment to ethical conduct, objectivity, and professional standards.
- Technology Proficiency: Competence in actuarial software, statistical tools (R, Python, SAS), MS Excel (advanced), and financial modeling platforms.
📝 Job Responsibilities — Additional Director Insurance Division
While the detailed Terms of Reference (TORs) are available on the SECP website, the following are typical responsibilities for an Additional Director in SECP's Insurance Division:
Insurance Regulation & Supervision
- Lead actuarial reviews of insurance company pricing, reserving, and solvency calculations.
- Assess the financial soundness of insurers through analysis of actuarial reports, financial statements, and risk profiles.
- Contribute to the development and implementation of risk-based capital frameworks for the insurance sector.
- Evaluate insurance product filings for compliance with regulatory requirements and actuarial standards.
- Monitor insurer compliance with solvency margins, reserve adequacy, and investment regulations.
Policy Development
- Provide actuarial input to the development of insurance regulations, guidelines, and supervisory frameworks.
- Contribute to the adoption and implementation of international standards (IFRS 17, IAIS principles).
- Research emerging actuarial and insurance trends to inform regulatory policy.
Stakeholder Engagement
- Engage with insurance industry actuaries, CEOs, and CFOs on regulatory matters.
- Represent SECP at insurance industry forums, conferences, and international regulatory meetings.
- Provide technical guidance to junior staff and contribute to capacity building within the Division.
Reporting & Analysis
- Prepare detailed actuarial reports and presentations for senior SECP management and the Commission.
- Analyze industry-wide insurance data to identify trends, risks, and regulatory priorities.
- Support the Commission's decision-making with actuarial insights and recommendations.
💰 Salary & Benefits — What SECP Offers
| Benefit | Details |
|---|---|
| Position Level | Additional Director — Senior Management |
| Salary | Competitive market-aligned salary (commensurate with SECP pay scales for senior actuarial/regulatory positions) |
| Contract Term | 3 Years — Extendable on performance and organizational need |
| Regularization | Possible after 3 years, subject to prescribed criteria |
| Job Security | Contractual with strong extension/regularization prospects for high performers |
| Medical Benefits | Comprehensive medical coverage (as per SECP policy) |
| Leave Entitlement | Annual leave, casual leave, and medical leave as per SECP rules |
| Provident Fund / Pension | As applicable under SECP service regulations |
| Professional Development | Exposure to high-level insurance regulation, training opportunities, and networking with actuarial and financial sector leaders |
| Work Environment | Professional regulatory environment in Islamabad with a reputation for integrity and excellence |
| Career Prestige | Service in Pakistan's apex insurance regulator — highly valued in actuarial, insurance, and financial sectors |
📌 Note: SECP offers competitive compensation packages aligned with federal regulatory authority standards. As actuarial professionals are in high demand globally, SECP's package is designed to attract and retain top-tier actuarial talent. Exact salary figures are not publicly advertised but are considered attractive for senior actuarial professionals in Pakistan's public sector.
📈 Career Growth Opportunities at SECP Insurance Division
Joining SECP's Insurance Division as an Additional Director positions actuarial professionals at the heart of Pakistan's insurance regulatory framework. Career growth opportunities include:
- Regulatory Leadership: Advance to Executive Director or Commissioner-level positions within SECP based on performance and experience.
- Actuarial Specialization: Deepen expertise in insurance regulation, solvency frameworks, risk-based capital, and IFRS 17 implementation — highly valued expertise globally.
- International Exposure: Represent Pakistan at IAIS (International Association of Insurance Supervisors) meetings, actuarial conferences, and bilateral regulatory engagements.
- Policy Impact: Shape Pakistan's insurance regulatory landscape through contribution to regulations, supervisory frameworks, and industry standards.
- Professional Network: Build relationships with senior actuaries, insurance CEOs, regulators, and international financial institutions.
- Private Sector Value: SECP experience significantly enhances your profile for Chief Actuary, Chief Risk Officer, or senior consulting roles in insurance companies, actuarial firms, and multilateral organizations.
🌟 Why Work at SECP's Insurance Division?
- Apex Regulator: SECP is the premier regulatory authority for Pakistan's insurance sector — a position of immense professional prestige.
- Actuarial Impact: Apply your actuarial expertise to real-world regulatory challenges that protect millions of policyholders.
- Intellectual Challenge: Work on complex actuarial and regulatory issues at the cutting edge of insurance supervision.
- Public Service: Serve the nation by ensuring a sound, stable, and fair insurance market in Pakistan.
- Professional Integrity: Join an institution that values and demands impeccable integrity, analytical rigor, and commitment to professional standards.
- Islamabad Location: Work in the capital city with its professional environment, quality of life, and networking opportunities.
- Diversity & Inclusion: SECP actively encourages applications from women, minorities, persons with different abilities, and underrepresented regions.
- Career Stability: While initially contractual, the 3-year term with extension and regularization possibilities offers a clear path to long-term public-sector employment.
📝 How to Apply Online — Step-by-Step Guide
- Visit the SECP Careers Portal: Go to https://www.secp.gov.pk/careers/
- Review the Detailed TORs: Read the complete Terms of Reference for Additional Director — Insurance Division.
- Prepare Your Documents: Update your CV, gather your educational degree(s) (Master's/Bachelor's 16 years), Associate Membership certificate from CAS/IFoA/SOA/IAA member institute, experience certificates covering 8+ years (with 3+ years post-certification clearly indicated), CNIC, and recent passport-size photographs.
- Complete the Online Application: Fill in all required fields accurately. Upload scanned copies of all supporting documents as specified.
- Highlight Actuarial Credentials: Clearly indicate your Associate membership status, actuarial body, membership number, and date of certification.
- Verify All Information: Double-check that your educational credentials, actuarial certification details, and experience dates match your supporting documents exactly.
- Submit Your Application: Submit before 29 June 2026. Applications received after the closing date will not be considered.
- Note Confirmation: Save any confirmation email, reference number, or acknowledgment generated by the system.
- Await Contact: Only shortlisted candidates will be contacted for further assessment.
⚠️ Critical Notes:
- Applications must be submitted within 15 days of the advertisement publication. The closing date is 29 June 2026.
- Applications received after the closing date will not be considered under any circumstances.
- Only shortlisted candidates will be contacted for the next stage.
- SECP reserves the right to cancel the recruitment process at any stage.
- For queries, contact Deputy Director — HRD at +92 51 919 5444.
📄 Required Documents Checklist
- Updated CV/Resume — Detailed with actuarial experience and certification prominently highlighted
- Master's/Bachelor's Degree(s) — 16 years of education, from HEC-recognized university
- Associate Membership Certificate — From CAS (ACAS), IFoA (AIA), SOA (ASA), or IAA member institute
- Actuarial Membership Card/Proof — Current membership status with membership number
- Post-Qualification Experience Certificates — Covering 8+ years of actuarial work, with clear indication of 3+ years post-certification
- CNIC — Valid Computerized National Identity Card
- Domicile Certificate — Particularly relevant for candidates from Balochistan, Ex-FATA, GB, and AJK
- Passport-size Photographs — Recent, professional
- Professional Development Records — CPD (Continuing Professional Development) records, actuarial training certificates, conference participation
- Any Additional Certifications — Fellow membership progress, specialized actuarial exam passes, insurance certifications
🔄 Selection Process — Multi-Stage Evaluation
- Application Screening: SECP reviews all applications received by the deadline against the eligibility criteria — with particular focus on actuarial certification and experience.
- Shortlisting: Candidates are shortlisted based on qualifications, actuarial credentials, years and relevance of experience, and alignment with the Insurance Division's requirements.
- Technical Assessment (Possible): Shortlisted candidates may be required to complete a technical actuarial assessment or case study demonstrating insurance regulatory knowledge.
- Interview: A panel interview assesses the candidate's actuarial expertise, insurance regulatory knowledge, analytical capabilities, integrity, and suitability for a senior regulatory role.
- Background Verification: SECP conducts thorough background checks, including verification of actuarial membership status with the relevant actuarial body.
- Final Selection: Based on cumulative performance across all stages, final candidates are offered the position.
- Offer & Onboarding: Successful candidates receive an offer letter and join on a 3-year contractual basis.
📅 Important Dates & Timeline
| Event | Date |
|---|---|
| Advertisement Publication | Approximately 14–15 June 2026 |
| Applications Open | From Advertisement Date |
| Last Date to Apply | 29 June 2026 (15 Days from Publication) |
| Application Screening | Late June — Early July 2026 |
| Shortlisting | July 2026 |
| Technical Assessment (if applicable) | To be communicated to shortlisted candidates |
| Interviews | To be communicated to shortlisted candidates |
| Final Selection | Expected July — August 2026 |
💡 Expert Tips for SECP Insurance Division Applicants
- Apply Immediately — 15-Day Window: The application window is only 15 days, closing on 29 June 2026. Start preparing documents now and submit early.
- Prominently Display Actuarial Credentials: Your Associate membership (ACAS/AIA/ASA or IAA equivalent) is the key eligibility criterion. Place it prominently at the top of your CV and in the application.
- Clearly Distinguish Pre- and Post-Certification Experience: SECP requires 3 years post-certification experience within the total 8 years. Clearly date your actuarial certification and separate experience before and after this milestone.
- Highlight Insurance Sector Experience: Emphasize any experience with insurance companies — pricing, reserving, solvency, product development, or regulatory reporting.
- Showcase Regulatory Knowledge: Demonstrate familiarity with IAIS principles, Solvency II, IFRS 17, risk-based capital frameworks, or Pakistan's insurance regulatory framework.
- Quantify Achievements: "Led reserving reviews for a portfolio of PKR 5 billion" or "Developed pricing models for 10+ insurance products" — quantify your actuarial impact.
- Mention Fellowship Progress: If you are pursuing Fellowship (FCAS/FIA/FSA), mention your progress — it demonstrates commitment to professional development.
- Prepare for Technical Questions: Expect interview questions on insurance reserving methods, solvency calculations, risk-based capital, and IFRS 17 implementation.
- Demonstrate Communication Skills: SECP values actuaries who can explain complex concepts to non-actuarial audiences. Prepare examples of when you have done this.
- Professional References: Have references from senior actuaries or insurance industry leaders ready — they may be requested during the process.
⚠️ Common Mistakes to Avoid
- Missing the 15-Day Deadline: The application window closes on 29 June 2026. Late applications are not considered.
- Applying Without Associate Membership: Associate membership of CAS/IFoA/SOA/IAA member institute is mandatory. Student members or exam-passers without Associate status are not eligible.
- Insufficient Post-Certification Experience: You must have at least 3 years of experience after obtaining your Associate certification. If you only recently qualified, you may not meet this requirement.
- Unclear Documentation: Ensure your actuarial membership certificate, dates, and membership numbers are clearly visible in uploaded documents.
- Ignoring the 16-Year Education Requirement: A Master's or Bachelor's equivalent to 16 years of education from an HEC-recognized university is required in addition to actuarial certification.
- Generic CV: A CV that doesn't emphasize actuarial work, insurance sector experience, and regulatory/reporting responsibilities.
- Exceeding Age Limit: The maximum age is 45 years on 29 June 2026. No specific age relaxation is advertised for this position.
- Applying Late in the Day: Technical issues can occur. Submit at least 2-3 days before the deadline.
🎯 Who Should Apply?
- Qualified Actuaries: Associate members of CAS (ACAS), IFoA (AIA), SOA (ASA), or any IAA member institute with 8+ years of experience including 3+ years post-certification.
- Insurance Actuaries: Professionals working in pricing, reserving, solvency, or risk management roles in life, non-life, takaful, or reinsurance companies.
- Actuarial Consultants: Consultants from actuarial firms with experience in insurance audits, regulatory reporting, solvency assessments, or product development.
- Regulatory Actuaries: Actuaries currently or previously working with other insurance regulators or financial supervisory authorities.
- Actuaries Returning to Pakistan: Pakistani actuarial professionals working abroad (UK, USA, Middle East, etc.) seeking a prestigious public-sector role in Pakistan.
- Fellowship Candidates: Associate members progressing towards Fellowship who meet the experience criteria.
- Female Actuaries: SECP actively encourages female candidates — this is a supportive environment for women in actuarial and regulatory professions.
- Underrepresented Regions: Actuarial candidates from Balochistan, Ex-FATA, Gilgit-Baltistan, and AJK are strongly encouraged.
❓ Frequently Asked Questions (FAQs)
- Q: What is the last date to apply for SECP Insurance Division Jobs 2026?
A: The last date is 29 June 2026. Applications must be submitted within 15 days of the advertisement publication. - Q: How many positions are available?
A: 02 positions of Additional Director in the Insurance Division. - Q: Is Associate membership of an actuarial body mandatory?
A: Yes — absolutely mandatory. You must be an Associate Member of CAS (ACAS), IFoA (AIA), SOA (ASA), or a member institute of IAA. - Q: Can I apply if I am a student member or have passed some actuarial exams?
A: No. You must have achieved Associate membership status. Exam passes without Associate membership are not sufficient. - Q: What is the minimum experience required?
A: 8 years of actuarial work experience, including at least 3 years post-certification (after obtaining Associate membership). - Q: What is the age limit?
A: Maximum 45 years on the closing date (29 June 2026). - Q: Is there any age relaxation?
A: No specific age relaxation is mentioned for this position (unlike the Adjudication Division Deputy Director role). - Q: What is the contract duration?
A: 3 years, extendable on performance and organizational need. Regularization is possible after 3 years subject to prescribed criteria. - Q: Where is the job location?
A: Islamabad — all positions are based at SECP's Islamabad office. - Q: How do I apply?
A: Online via https://www.secp.gov.pk/careers/. Read the detailed TORs and submit your application before 29 June 2026. - Q: Will all applicants be contacted?
A: No. Only shortlisted candidates will be contacted for further assessment. - Q: What actuarial bodies are recognized?
A: CAS, IFoA, SOA, and any member institute of the International Actuarial Association (IAA). - Q: Is a degree required in addition to actuarial certification?
A: Yes. A Master's or Bachelor's degree (16 years of education) from an HEC-recognized university is required. - Q: Can females apply?
A: Yes — SECP actively encourages female candidates, as well as minorities, persons with different abilities, and candidates from underrepresented regions. - Q: Who do I contact for queries?
A: Contact the Deputy Director — HRD at +92 51 919 5444.
🏁 Final Thoughts
The SECP Jobs 2026 — Additional Director positions in the Insurance Division — represent a rare and prestigious opportunity for Pakistan's actuarial professionals. As the apex regulator of the insurance sector, SECP offers a unique platform to apply your actuarial expertise at the national level, contribute to the stability and growth of Pakistan's insurance industry, and build a distinguished career in regulatory leadership.
With 02 positions available, a 3-year contractual term with extension and regularization prospects, competitive compensation, and the professional prestige of serving in Pakistan's foremost financial regulator, these roles demand Pakistan's top actuarial talent — Associate members of CAS, IFoA, SOA, or IAA member institutes with 8+ years of experience including 3+ years post-certification. The application window is only 15 days, closing on 29 June 2026. If you meet the actuarial certification and experience criteria, this is your opportunity to serve at the highest level of insurance regulation in Pakistan. Visit secp.gov.pk/careers today, prepare your documents meticulously, and submit your application. Shape the future of Pakistan's insurance sector with your actuarial expertise. 📊
📊 Apply Now — SECP Insurance Division Jobs 2026! Additional Director (02 Positions) | Associate Member CAS/IFoA/SOA/IAA Required | 8 Years Actuarial Experience | Islamabad-Based | 3-Year Contract | Last Date: 29 June 2026 | Apply at secp.gov.pk/careers
📊 Apply Online — SECP Careers🏛️ Visit SECP Website