Chief Financial Officer LESCO post NEW

LAHORE ELECTRIC SUPPLY COMPANY

APPLICATIONS ARE INVITED FOR THE POSITION OF
CHIEF FINANCIAL OFFICER
AT THE LAHORE ELECTRIC SUPPLY COMPANY (LESCO) The Lahore Electric Supply Company (LESCO), being a State-Owned Enterprise (SOE) is operating a power distribution network and supplies electricity to more than 6.62 million valued consumers in the approved geographic territory of Lahore, Okara, Kasur, Sheikhupura and Nankana. LESCO is offering qualified and experienced professionals with an opportunity to apply for a C-level position at the company titled Chief Financial Officer (CFO). Those eligible to apply are expected to have extensive knowledge and experience in finance, investments and accounting operations, etc.

Skills & Responsibilities:
The Chief Financial Officer shall report to both the Board of Directors as well as the Chief Executive Officer, LESCO and shall lead the financial team of the company, whilst creating an effective system of financial control.
Main responsibilities and skills of the Chief Financial Officer are to include but are not limited
to:
Strategic planning, controlling all financial and audit activities at LESCO while overseeing and managing the maintenance of proper financial record and accounts; Having a knowledge of industry-specific financial rules and regulations / SRO’s and carrying out successful financial management which is in line with state / ministerial guidelines and policies; Developing and executing the company’s financial strategy to achieve growth and profitability in the short and long term;
Ensuring a contributory role in the implementation of ERP systems and automation; Managing financial reporting and analysis, while preparing and presenting sound and prudent financial KPI’s to the management; The ability to provide leadership to the finance department and team whilst fostering a culture of hard work and teambuilding;
Maintaining liaison with stakeholders, ministry, regulators and relevant authorities and representing LESCO across forums; Exceptional interpersonal, communication and presentation skills. Qualification & Experience:
The qualification and experience criteria for the position of Chief Financial Officer includes: 1. Membership of an recognized body of professional Accountants; and 2. At least 15 (fifteen) years relevant work experience in Government Department / Semi- Government Organizations / Corporations / Autonomous bodies / large Commercial Organizations / Public Limited Companies of repute.
Market-based competitive salary package come with qualifications and experience
Remuneration & Contract Period:
of candidate to be decided by BOD at the time of selection. The initial contract shall be for a period of three (3) years, extendable on satisfactory performance with annual performance evaluation to be conducted by the Board of Directors, LESCO against agreed Key Performance Indicators (KPI’s) as detailed in the contractual arrangement and revisited from time to time.
Age Limit:
Up to 57 years at the time of closing date of advertisement.
How to Apply:
Application forms are available on LESCO website (www.lesco.gov.pk). Applications should be submitted online on LESCO website as well as through courier. Applicants who apply must submit the following accompanying related documents along with the application; a. Copy of detailed CV with updated career history;
b. Copy of CNIC and recent photograph;
c. Copies of Degrees/Testimonials duly verified by the Higher Education Commission (HEC) or the professional body / association, whichever is relevant;
d. Applicant with foreign academic qualification is to furnish HEC Equivalence certificate; e. Attested copy of registration / Membership with Professional Governing Body, if applicable; f. Detailed separate list of experience along with experience letter / certificate / reference
letter.
NOTE:
a) Only shortlisted candidates will be called for interview.
b) The applicant must ensure the application is complete in all respects. The Board reserves the right to seek further information and / or documentation from any applicant as it deems appropriate.
c) Applicants shall be required to present all original documents including experience certificate at the time of interview.
d)
No application will be accepted by hand.
e) Applications should reach no later than 03.02.2025.
f) Candidates working in Govt. /Semi Govt./Autonomous public organizations are required to apply through proper channel along with NOC of their department issued on its letter head. g) The abovementioned position is purely contractual in nature, non-pensionable, no long-term benefit and shall not be converted into permanent position at any stage. h) LESCO reserves the right to withhold / cancel the recruitment process at any stage without assigning any reason. i) LESCO is an equal opportunity employer.
ANDRE ELECTAN
LESCO
PID(L) 2032/24
Human Resource Directorate DMPR#115(2024-25)
Lahore Electric Supply Company (LESCO) 22-A Queens Road, Lahore. Ph: 042-99204811 LAHORE

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