HEAD OF RETROCESSION (BS-16)
Active Prep BS-16 AD-MASHRIQ-1102/2026-909 Daily Mashriq Dated 2026-11-02Official recruitment notification, eligibility criteria, pay scale (BS-16), quota allocation, and written screening test syllabus for HEAD OF RETROCESSION (BS-16) in the Pakistan Reinsurance Company Limited PRCL.
💼 Job Specifications & Posting Details
🎓 Minimum Qualifications & Experience
📋 Job Description & Position Overview
The Head of Retrocession at Pakistan Reinsurance Company Limited PRCL is responsible for overseeing the retrocession process, ensuring compliance with regulatory requirements, and managing financial risks. This role involves strategic planning, risk assessment, and coordination with various departments to optimize insurance operations.
Daily responsibilities include analyzing market trends, negotiating terms with reinsurers, and preparing detailed reports. The incumbent must maintain accurate records using advanced software tools and adhere to strict service standards. Career progression typically includes leadership roles within the company, such as Director of Risk Management or Chief Financial Officer.
Selection begins with a 100-MCQ written screening examination followed by merit shortlisting. Candidates then undergo document verification and an interview by the Departmental Selection Committee. Successful candidates are evaluated on their knowledge, experience, and suitability for the role.
🎯 Key Responsibilities & Professional Duties
- ✓Analyze market trends and negotiate terms with reinsurers
- ✓Prepare and review financial reports and risk assessments
- ✓Ensure compliance with insurance laws and regulatory requirements
- ✓Oversee the retrocession process and manage financial risks
- ✓Coordinate with internal teams to implement risk management strategies
- ✓Develop and maintain relationships with reinsurers and other stakeholders
💡 Required Skills & Domain Competencies
- 💡Strong analytical and problem-solving skills
- 💡Excellent communication and negotiation abilities
- 💡Proficiency in financial analysis and reporting
- 💡Knowledge of insurance laws and regulations
- 💡Ability to manage complex financial risks
- 💡Experience in risk management and insurance operations
📖 Official Screening Test Syllabus & Topics
Official SchemeWritten examination comprises 100 MCQs (90 minutes): Accounting & Corporate Finance (50%), English Language Comprehension (20%), General Knowledge (15%), Pakistan Affairs (15%).
🏢 About Department / Ministry
Pakistan Reinsurance Company Limited (PRCL) is a state-owned entity that provides reinsurance services to various insurance companies across Pakistan. Its primary mission is to ensure the stability and sustainability of the insurance sector by managing and transferring risks through reinsurance agreements. PRCL operates under strict regulatory frameworks set by the Insurance Council of Pakistan.
📊 Official Test Syllabus & Weightage Breakdown
Total Verified Question Pool: 9254 questions available across all mapped subjects.
| Syllabus Subject / Area | Official Weightage | Available Question Pool | Action |
|---|---|---|---|
| Accounting & Corporate Finance | 50% | 760 MCQs | |
| English Language Comprehension | 20% | 2736 MCQs | |
| General Knowledge | 15% | 2666 MCQs | |
| Pakistan Affairs | 15% | 3092 MCQs |
📝 Official Application Procedure & Submission Guidelines
Official application steps and submission channel prescribed for Head Of Retrocession (BS-16).
Head Of Retrocession Screening Examination
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