Chief Financial Officer Jobs at IESCO 2024

Are you looking for an exciting opportunity to work in a senior leadership role at a prestigious organization? Islamabad Electric Supply Company (IESCO) is currently seeking talented and experienced individuals for the position of Chief Financial Officer (CFO). This job is a golden opportunity for professionals who are ready to take on a leadership role in the power distribution sector of Pakistan.

In this article, we will explore the job details, qualification requirements, and how to apply for the CFO position at IESCO. So, if you are someone interested in power distribution or finance, keep reading to learn more!

About Islamabad Electric Supply Company (IESCO)

IESCO is one of Pakistan’s leading power distribution companies. It serves more than 3.88 million customers across six districts: Islamabad, Rawalpindi, Murree, Attock, Jhelum, and Chakwal. With an annual revenue base of Rs. 522 billion, IESCO plays a key role in ensuring the smooth delivery of electricity to millions of people.

The company's vision is to be a responsible and efficient provider of electric power to its consumers while maintaining high standards of service and financial discipline. For that purpose, IESCO is looking for a qualified Chief Financial Officer (CFO) who can lead the company’s financial operations.

Job Details for Chief Financial Officer (CFO) Position

Job Title: Chief Financial Officer (CFO)

Type of Job: Senior level, contract-based

Department: Finance

This senior-level management role involves directly reporting to the Chief Executive Officer and the Board of Directors of IESCO. The CFO will be responsible for managing the company’s financial strategy, including budgeting, financial analysis, compliance with corporate governance standards, and providing financial insights to assist the management team in making key business decisions.

The successful candidate will be in charge of Finance, Treasury, and Accounts departments at IESCO. Additionally, they will provide advice on important financial matters and implement strategies for financial growth. Strong business acumen and the ability to work in coordination with other senior managers are essential for this role. The CFO will also be expected to interact with the Board of Directors to ensure all financial decisions align with IESCO’s goals.

Key Responsibilities:

• Lead the company's financial operations, including budgeting, forecasting, and financial reporting.

• Oversee the finance, treasury, and accounting departments.

• Provide strategic financial advice to the CEO and the Board of Directors.

• Ensure compliance with corporate governance rules.

• Manage ERP systems for financial reporting and control.

• Implement effective financial planning for long-term growth.

Qualification and Experience

The job of CFO at IESCO is suited for professionals with a strong background in finance. The ideal candidate should be a member of a recognized professional body such as ICAP, ICMAP, or ACCA. A minimum of 15 years of relevant work experience is required, with 10 years in a senior management role. Experience in financial management, corporate governance, and treasury functions is highly valued.

Key Qualifications:

• Professional membership in bodies like ICAP, ICMAP, or ACCA.

• At least 15 years of relevant experience.

• 10 years of experience in a senior management position.

• A proven track record of managing finance departments in a large organization.

• Deep knowledge of corporate governance rules and regulations.

• Experience in managing ERP systems.

Skills and Competencies

To succeed in this role, the ideal candidate should possess the following skills:

• Strong leadership skills: The CFO will be expected to lead a team of finance professionals and collaborate with other senior managers.

• Business Acumen: Understanding of the power distribution sector, combined with excellent decision-making skills.

• Analytical skills: The CFO should be proficient in analyzing financial data and using it to make sound business decisions.

• Communication skills: The ability to effectively communicate financial information to other senior executives and the Board.

Salary Package, Tenure, and Age Limit

The CFO position offers an attractive market-based salary package. In addition to the salary, the position comes with medical coverage, contributory provident fund, and other perks.

The tenure for the contract will be three years, which can be extended based on performance.

The age limit for applicants is up to 55 years. This is to ensure that the candidates are physically and mentally capable of managing such a demanding role.

How to Apply for CFO at IESCO

If you meet the qualifications and experience required for this position, you can apply by following the process below.

Application Process:

• The application form is available on the official IESCO website.

• Fill out the application form and submit it along with a detailed CV, attested copies of testimonials, references, and a recent photograph.

• You can send the application through IESCO’s website or by post.

IESCO will shortlist candidates based on the applications received. Only those who meet the specified criteria will be contacted for an interview.

Important Note:

• No application will be accepted by hand.

• Only shortlisted candidates will be contacted for interviews.

Why Work for IESCO?

IESCO is not just a power distribution company; it is a place where dedicated professionals can grow and make an impact. As a Chief Financial Officer, you will have the opportunity to:

• Lead the financial operations of one of the largest electric supply companies in Pakistan.

• Play a crucial role in shaping the financial future of IESCO.

• Work alongside a team of experienced professionals who are passionate about delivering reliable electricity to millions of customers.

• Enjoy a market-competitive salary and additional benefits, making this job a rewarding experience both professionally and financially.

Conclusion

The Chief Financial Officer (CFO) position at IESCO is an excellent opportunity for experienced finance professionals to take on a leadership role in a prestigious power distribution company. The role offers both professional growth and the chance to contribute to the success of a large-scale operation that provides essential services to millions of people.

If you have the qualifications and are ready to take on this challenge, don’t miss this career opportunity at IESCO. Be sure to apply within 15 days of the advertisement to join a forward-thinking organization that values innovation, efficiency, and service excellence.

For more information, you can contact the Director General (HR) at IESCO’s head office in Islamabad or visit their official website.