State Life Insurance (Karachi) Actuarial Jobs 2026 – Actuarial Analyst, Senior Actuarial Analyst & Associate Actuary (IFRS-17 / Pricing / Valuation)

State Life Insurance (Karachi) Actuarial Jobs 2026 – Actuarial Analyst, Senior Actuarial Analyst & Associate Actuary (IFRS-17 / Pricing / Valuation)

PrimeHR (on behalf of a prestigious client) is hiring for State Life Insurance Corporation of Pakistan – Karachi for Actuarial Division roles on a 3-year contract (extendable on satisfactory performance). These Karachi-based positions are designed for actuarial professionals who can support IFRS-17 reporting, actuarial valuations, product development, pricing, profitability analysis, regulatory compliance, solvency/capital adequacy assessments, and actuarial modeling.

Job Positions Detail

✅ Important: These roles are Karachi-based and non-transferable.

Minimum Qualification & Experience (As Advertised)

1) Deputy Manager – Associate Actuary (Life / Takaful Funds) ✅

Required:

• Associate member of SOA (USA) / IFOA (UK) (as listed)
• 2–3 years actuarial work experience (relevant field/work)

Role focus:

• Perform and review actuarial pricing, valuation, and IFRS-17 reporting
• Support assumptions, methodology development, and maintenance of models
• Assist in solvency and capital adequacy assessments & compliance
• Provide technical support, mentor junior staff, contribute to management reporting

2) Assistant Manager – Senior Actuarial Analyst (Life / Takaful / Pension / Health) ✅

Required:

• 4-year Bachelor degree (or equivalent) from a reputable university
• Passed at least 3 exams (excluding VEEs/Modules) of SOA/IFOA (as stated)
• 1–2 years actuarial work experience (relevant field/work)

Role focus:

• Independently perform actuarial valuation and IFRS-17 calculations
• Product development & pricing (Life / Takaful / Pension / Health depending on role)
• Maintain documentation and coordinate with Finance, Underwriting, IT, Reinsurance/Retakaful
• Support audits and deliver analysis for business decision-making

3) Assistant Manager – Actuarial Analyst (Life / Takaful / Pension / Health) ✅

Required:

• 4-year Bachelor degree (or equivalent) from a reputable university
• Passed at least 1 exam (excluding VEEs/Modules) of SOA/IFOA (as stated)

Role focus:

• Support pricing and profitability analysis
• Assist actuarial valuations, reserving, and IFRS-17 reporting
• Perform data validation, actuarial modeling, and experience analysis
• Support solvency calculations and preparation of regulatory/financial reports

Terms & Notes ✅

• ✅ Only shortlisted candidates will be called for test/interview
• 🚫 No TA/DA will be admissible
• ✅ Equal opportunity employer; female candidates are encouraged to apply
• ✅ Provincial quota will be observed as per Federal Government policy
• ✅ Government employees must apply through proper channel and provide NOC
• ✅ Salary package will be as per prevailing rules/policy of the organization
• ✅ The organization may accept/reject applications or cancel/postpone recruitment without assigning reasons
• ✅ Apply separately for each post if applying for multiple positions
• ✅ Karachi-based, non-transferable roles

How to Apply: Process 📝

Apply online through PrimeHR:

✅ Online application portal:

http://career.primehr.com.pk

Attach / Keep Ready (for upload and later verification) ✅

• 📝 Updated Resume
• 🎓 All educational documents
• 💼 Experience certificates (if applicable)
• 🪪 CNIC
• 🏠 Domicile
• 📸 02 passport-size photos

FAQs ❓

1) What is the key requirement for State Life actuarial jobs Karachi (IFRS-17 roles)?

These State Life actuarial jobs Karachi focus heavily on IFRS-17 reporting, actuarial valuation, pricing, and model/assumption work. Strong documentation and cross-team coordination (Finance/IT/Underwriting) is a big plus.

2) Are these State Life actuarial positions permanent or contract-based?

These Actuarial Analyst, Senior Actuarial Analyst & Associate Actuary roles are offered on a 3-year contract, extendable on performance.

3) What exams are required for Actuarial Analyst vs Senior Actuarial Analyst?

For Actuarial Analyst, the advertisement mentions at least 1 SOA/IFOA exam (excluding VEEs/Modules). For Senior Actuarial Analyst, it mentions at least 3 exams (excluding VEEs/Modules).

4) Where is the posting for these actuarial vacancies? Transfer possible?

All positions are Karachi PO and clearly stated as Karachi-based and non-transferable.

5) How do I apply for State Life actuarial jobs Karachi through PrimeHR?

Apply online at career.primehr.com.pk and submit resume + documents. If applying for multiple posts, apply separately for each.