Manager Takaful

Master's Degree or 4 years bachelor's degree (16 years of education) in Finance/Islamic Banking/Business Administration or relevant equivalent qualification from a local/foreign institute /university recognized by Higher Education Commission (HEC) of Pakistan with at least 60% marks. Relevant certification in Takaful. Islamic Finance or Shariah-related disciplines will be preferred. Minimum 06 years of experience, with at least 03 years at senior level, preferably with a reputable Takaful or insurance organization. Candidates having experience in Takaful product development, underwriting, claims, Takaful operations, Takaful Window, re-Takaful, regulatory requirements and Shariah compliance, along with strong coordination and operational management skills, will be preferred. Key Responsibilities: The position of Manager Takaful shall report to the Head of Takaful Operations. To manage and develop the Company's Takaful business/function in accordance with Shariah principles, applicable regulatory requirements and the Company's strategic objectives. • Assist in developing and implementing the Company's Takaful business strategy. • Develop and review Takaful products, schemes and operational procedures. • Coordinate with Shariah advisors/consultants on matters relating to Shariah compliance. • Ensure that Takaful operations are conducted in accordance with approved Shariah principles and regulatory requirements. • Review Takaful underwriting procedures, policies and guidelines. • Coordinate Takaful claims processing and ensure compliance with approved procedures. • Monitor re-Takaful arrangements and related operational matters. • Assist in developing Takaful pricing, contribution structures and product features. • Conduct market research and identify opportunities for growth in the Takaful segment. • Coordinate with business units, branches and other stakeholders for effective implementation of Takaful products. • Monitor operational and financial performance of Takaful business. • Prepare management reports, business plans and performance analysis. • Ensure proper documentation and maintenance of Takaful records. • Identify operational, financial, regulatory and Shariah-related risks and recommend mitigation measures. • Coordinate with regulatory authorities and other stakeholders on Takaful-related matters. • Assist in training employees regarding Takaful concepts, products, processes and Shariah requirements. • Keep abreast of developments in Takaful, Islamic finance and relevant regulatory frameworks.