Islamabad Electric Supply Co IESCO Jobs October 2024

Islamabad Electric Supply Co IESCO Jobs October 2024

Organization:  Islamabad Electric Supply Co IESCO  

Career Opportunity: Islamabad Electricity Supply Company (IESCO) is a leading power distribution company of Pakistan serving more than 3.88 million customers with annual revenue base of over Rs. 522 billion, having operational jurisdiction that covers six districts namely Islamabad, Rawalpindi, Murree, 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 a 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:

Name of Post: Chief Financial Officer (CFO)

Job Profile: 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:

1. 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.
2. 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.
3. Formulated and implemented procurement control functions, including an independent procurements oversight and associated financial controls system.
4. 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.
5. 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.
6. To develop a competent and high-performing team of individuals to achieve the required high standards of work in the department.

Qualification / Experience

• A member of recognized body of Professional Accountants with at least Ten (10) Years relevant experience, in case of public sector companies having total assets of 05 billion rupees or more; OR
• 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) years’ experience as Head of Finance will be preferred.

Salary Package, Tenure & Age Limit

• 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-month probation and contract will be confirmed after first performance review shall be conducted after six months of appointment for contract confirmation.
• Age Limit: up to 55 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:
a) No application will be accepted by hand.
b) Departmental candidates are required to apply through proper channel.
c) IESCO is an equal opportunity employer; females are equally encouraged to apply.
d) The competent authority reserves the right to cancel the advertisement or withhold the recruitment process without assigning any reason.
e) Last date for submission of application is 15-days from the date of advertisement.

Islamabad Electricity Supply Company (IESCO) is a leading power distribution company of Pakistan serving more than 3.88 million customers with annual revenue base of over Rs. 522 billion having operational jurisdiction that covers six districts namely Islamabad, Rawalpindi, Murree, Attock, Jhelum and Chakwal.

The Company is actively looking for high caliber team leader for the position of CHIEF EXECUTIVE OFFICER who has demonstrated capability and potential to lead and keep the company on the track of persistent growth and creating value for the consumers and its customers. We seek proactive, result-oriented professional with established credibility and performance record, who can take challenging assignments. The candidate is required to have strong leadership, team building, change management, inter-personal and communication skills with the ability to work on enhancing the performance targets based on the terms and conditions.

Qualification: Minimum Qualification: The candidate must possess a Bachelor’s Degree in Engineering (Electrical/ Electronics).

Additional Qualification: A Master Degree in Engineering, Business/ Public Administration, Management, Economics or Finance.

Experience: The candidate must have at least 20 years of overall experience, including demonstrated experience of not less than 10 years as a Chief Executive or at a senior management level in the Power Sector.

Age Limit: Up to 62 years at the time of application.

Remuneration Package: The Position is offered on a market-based remuneration package.

Term of the Contract: The initial contract shall be for a period of three (03) years, with annual evaluation to be conducted by the Board of Directors (BoD) IESCO. The contract may be extended for a tenure of 2 years on the basis of satisfactory performance.

INSTRUCTIONS:

1. The candidate must comply with the Fit and Proper Criteria and other conditions, as prescribed in the State-Owned-Enterprises (C-Level Appointments) Guidelines 2024, the Companies Act-2017, and the State-Owned-Enterprises (Governance and Operation) Act-2023.
2. The candidate must be a Pakistani citizen.
3. Selected candidate shall be required to resign/ liquidate/ seek early retirement from their previous job and any other engagements or undertakings.
4. Additionally, candidates are required to download/ file/ attach the prescribed application form and Declaration Form as available on IESCO website www.iesco.com.pk.
5. Applicants will submit signed printed copy of the online application form through courier service/ registered mail service along with the following documents: a. Copy of detailed CV b. Copy of CNIC. c. Declaration on non-judicial stamp paper of requisite value (Rs. 100 or above), as per specimen available on the IESCO websites confirming that the candidate is not ineligible to act as Chief Executive Officer in accordance with the provisions of the company’s act, rules and the supporting guidelines. d. Copies of Degrees/ Testimonials duly verified by the Higher Education Commission (HEC) or the professional body or association whichever is relevant. e. Applicant with foreign academic qualification must furnish HEC Equivalence certificate. f. Attested copy of registration with professional governing body or PEC. g. All pages of the application should be numbered and signed by the applicant.
6. The applications must reach at the below mentioned address within 15 days from the date of publishing of advertisement.
7. Application incomplete in any respect or received after due date will not be considered in any case.
8. The candidates already working in Govt./Semi Govt./Autonomous Public Organizations can also apply through proper channel along with NOC of their department issued on its Letter Head.
9. If the applicant possesses experience of working in the Public Sector or Public Sector Company, his experience in a position of BS-20 or equivalent to BS-20 whether on substantive basis or as additional charge or acting charge or current charge or look after basis or upgraded to BS-20, shall qualify as Senior Management Experience.
10. To determine relevancy of Senior Management Experience, candidates are required to mention their reporting hierarchy, channel of command, substantive pay scale of post and date of upgradation (if any).
11. Candidates should produce all original documents at the time of interview.
12. IESCO reserves the right to withhold/ cancel the whole recruitment process at any stage without assigning any reason.
13. Candidate should apply only if he/she fulfills the eligibility criteria.
14. Only short-listed candidates will be invited for interviews/ selection process.
15. No TA/DA will be admissible for interview/selection process.

Last Date to Apply: 13 October 2024

Published Date: 29 September 2024 

Newspaper: Dawn

Islamabad Electric Supply Co IESCO Jobs October 2024