Chief Financial Officer CFO Jobs 2021 in Islamabad Electric Supply Company (IESCO) in Islamabad

Islamabad Electricity Supply Company is a leading power distribution company of Pakistan serving more than 3.26 Million customers with annual revenue base of over Rs.180 billion having operational jurisdiction that covers five districts namely Islamabad, Rawalpindi, Attock, Jhelum and Chakwal.

IESCO is seeking to hire on contract basis high caliber professionals for the following position to lead the respective department. This is senior level career based position that provides a unique opportunity to be part of the management team of a leading Power Distribution Company of Pakistan. The candidates are expected to have demonstrated capability/potential for his respective responsibilities and proactive management style:

Sr. No	Name of Post	Job Profile	Qualification Experience	Salary Package. Tenure& Age Limit
1	Chief Financial Officer (CFO)	This is a senior level management position directly reporting to the Chief Executive Officer and Board of Directors of IESCO. The incumbent shall be responsible for leading and managing the Finance, Treasury and Accounts department, ensuring that appropriate advice is given to the board on all financial matters, keeping proper financial records and accounts, and for maintaining an effective system of internal financial control. Ideal candidate should have strong business acumen and Judgment capabilities and experience of working in Senior Management positions preferably with Board level interaction. The candidate should have complete knowledge of Corporate Governance Rules of Public sector Companies and their compliance requirements. The incumbent shall have the following specific additional experience Have worked in an ERP operating environment. Implementing and integrating ERP systems would be given additional consideration. He should have in depth understanding of internal Audit function in ERP environment, risk systems and controls that meet IIA Standards Implemented inventory management and control systems, including policy and implementation of inventory/assets valuations, assets tagging/ registers/record maintenance and inventory obsolescence and write offs, required inventory ordering levels and frequency of inventory inspections in the field and in warehouses. Formulated and implemented procurement control functions including an independent procurements oversight and associated financial controls system. An understanding of the Pakistan electricity market, regulations and regulatory structure, tariff structures of the various segments of this sector and Distribution Companies in particular, and the evolving changes under consideration would be an added advantage for the candidate. Work effectively with external and internal auditors of the Company to ensure the continuing financial integrity of all systems and obtain judgments and recommendations to improve the systems and the financial health of the company. To develop a competent and high performing team of individuals to achieve the required high standards of work in the department	A member of recognized body of Professional Accountants with at-least Ten (10) relevant experience, in case ofpublic sector companies having total assets of 05 billion rupees or more A person holding a master degree in Finance from a university recognized by the Higher Education Commission with at least Fifteen (15) years relevant experience, in case of public sector companies having total assets of 05 billion rupees or more At least three (3) exp experience years' - as Head of Finance is essential. contract will be	Market based competitive salary package with Company maintained car and medical coverage. Initial contract shall be for a period of three years, extendable on satisfactory performance. There will be a six months probation and confirmed after first performance review shall be conducted after .six months of appointment for contract confirmation Preferable Age Limit: upto 45 Years

Sr.
No

Name of
Post

Job Profile

Qualification
Experience

Salary Package.
Tenure& Age Limit

Chief
Financial
Officer
(CFO)

This is a senior level management position directly reporting to the Chief Executive Officer and Board of Directors of IESCO. The incumbent shall be responsible for leading and managing the Finance, Treasury and Accounts department, ensuring that appropriate advice is given to the board on all financial matters, keeping proper financial records and accounts, and for maintaining an effective system of internal financial control.
Ideal candidate should have strong business acumen and Judgment capabilities and experience of working in Senior Management positions preferably with Board level interaction.
The candidate should have complete knowledge of Corporate Governance Rules of Public sector Companies and their compliance requirements.
The incumbent shall have the following specific additional experience

Have worked in an ERP operating environment.
Implementing and integrating ERP systems would be given additional consideration. He should have in depth understanding of internal Audit function in ERP environment, risk systems and controls that meet IIA Standards
Implemented inventory management and control systems, including policy and implementation of inventory/assets valuations, assets tagging/ registers/record maintenance and inventory obsolescence and write offs, required inventory ordering levels and frequency of inventory inspections in the field and in warehouses.
Formulated and implemented procurement control functions including an independent procurements oversight and associated financial controls system.
An understanding of the Pakistan electricity market, regulations and regulatory structure, tariff structures of the various segments of this sector and Distribution Companies in particular, and the evolving changes under consideration would be an added advantage for the candidate.
Work effectively with external and internal auditors of the Company to ensure the continuing financial integrity of all systems and obtain judgments and recommendations to improve the systems and the financial health of the company.
To develop a competent and high performing team of individuals to achieve the required high standards of work in the department

A member of recognized body of Professional Accountants with at-least Ten (10) relevant
experience, in case ofpublic sector companies having
total assets of 05 billion rupees or
more
A person holding a master degree in Finance from a university
recognized by the Higher Education Commission with at least Fifteen (15) years relevant experience, in case of public sector companies having total assets of 05 billion rupees or more
At least three (3) exp
experience
years' -
as Head of
Finance is
essential.
contract will be

Market based competitive salary package with Company
maintained car and medical coverage.
Initial contract shall
be for a period of
three years, extendable on satisfactory performance. There will be a six months probation and
confirmed after first
performance review shall be conducted after .six months of appointment for contract
confirmation
Preferable Age Limit:
upto 45 Years

HOW TO APPLY:

Application forms are available on IESCO website. Applications should be submitted through internet on IESCO website www.iesco.com.pk and through post along with detailed CV, attested copies of testimonials. Minimum three references and a recent photograph to the undersigned. Only short listed candidates will be contacted for interview.

NOTE:

No application will be accepted by hand.
Departmental candidates are required to apply through proper channel.
IESCO is an equal opportunity employer; females are equally encouraged to apply
The competent authority reserves the right to cancel the advertisement or withhold the recruitment process or without assigning any reason.
Last date for submission of application is October 20th, 2021.

Director General (Human Recources)
Islamabad Electric Supply Company
Street No 40, Sector G-7/4, Islamabad
Phone No. +92-51-9252080, Fax NO. +92-51-9253071