Sr Post Name Jobs Qualification
1 Chief Financial Officer CFO 1 Masters
2 Chief Executive Officer 1 Bachelors
Latest jobs by Islamabad Electric Supply Company (IESCO)

ISLAMABAD ELECTRIC SUPPLY COMPANY (IESCO)
Career Opportunity

Company Overview:
Islamabad Electric Supply Company (IESCO) is one of Pakistan's leading power distribution companies, serving over 3.88 million customers with an annual revenue base of over Rs. 522 billion. IESCO operates in six districts: Islamabad, Rawalpindi, Murree, Attock, Jhelum, and Chakwal.

IESCO is seeking high-caliber professionals on a contract basis for the following senior-level position. This is an excellent opportunity to be part of the management team of a leading power distribution company in Pakistan. Candidates should demonstrate strong leadership, proactive management, and possess the ability to fulfill the responsibilities effectively.

Position: Chief Financial Officer (CFO)

Job Profile:
This is a senior management role reporting directly to the Chief Executive Officer (CEO) and the Board of Directors (BoD) of IESCO. The CFO will be responsible for leading the Finance, Treasury, and Accounts departments. Key responsibilities include offering financial advice to the Board, maintaining proper financial records, and ensuring effective internal financial control systems.

Ideal Candidate Profile:

  • Strong business acumen and judgment skills.
  • Experience in senior management positions, preferably with Board-level interactions.
  • In-depth knowledge of Corporate Governance Rules for public sector companies and their compliance requirements.

Additional Experience Required:

  1. Experience working in an ERP environment, with additional consideration for those who have implemented or integrated ERP systems.
  2. Expertise in inventory management and control systems, including policy implementation, asset tagging, inventory inspections, and obsolescence management.
  3. Hands-on experience with procurement control functions, ensuring independent oversight and financial controls.
  4. Knowledge of Pakistan’s electricity market, regulatory frameworks, and tariff structures, especially for distribution companies.
  5. Ability to work effectively with internal and external auditors, maintaining financial integrity and providing recommendations for system improvements.
  6. Capacity to build and manage a high-performing finance team.

Qualifications & Experience:

  • A member of a recognized body of Professional Accountants with at least 10 years of relevant experience (for public sector companies with assets of Rs. 5 billion or more), OR
  • A person holding a Master’s degree in Finance from a university recognized by the Higher Education Commission (HEC) with at least 15 years of relevant experience (for public sector companies with assets of Rs. 5 billion or more).
  • At least 3 years of experience as Head of Finance will be preferred.
  • Age Limit: Up to 55 years.

Salary Package, Tenure & Age Limit:

  • Market-based competitive salary package, including a company-maintained car and medical coverage.
  • The initial contract will be for three years, extendable based on satisfactory performance. There will be a six-month probation period, and a performance review will be conducted after six months for contract confirmation.

How to Apply:

  • Application forms are available on the IESCO website: www.iesco.com.pk.
  • Applications must be submitted online through the website and via post along with:
    • A detailed CV
    • Attested copies of testimonials
    • Three references
    • Recent photograph
  • Note:
    • No application will be accepted by hand.
    • Departmental candidates must apply through proper channels.
    • IESCO is an equal opportunity employer; female candidates are encouraged to apply.
    • The competent authority reserves the right to cancel the advertisement or withhold the recruitment process without assigning any reason.
    • Only shortlisted candidates will be contacted for interviews.

Deadline:
Applications must be submitted within 15 days from the date of advertisement.

Contact Information:
Director General (HR)
IESCO Head Office, Street-40, Sector: G-7/4, Islamabad
Tel: 051-9252080
Fax: 051-9252927