Islamabad Electricity Supply Company is a leading power distribution company in Pakistan serving more than
3.26 Million customers with an 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 a 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 in 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)
This is a senior level management position directly reporting
to the Chief Executive Officer and Board of Directors of IESCO. The incumbent shail be responsible for leading and managing
the Finance, Treasury and Accounts departmet, 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.
the 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
1. Have worked in an ERP operating environment.
Implementing and integrating ERP systems would be given
additional consideration. He should have a 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
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
Experience A member of recognized body of
Professional Accountants with
at-least Ten (10) relevant
experience, in case
of public sector
total assets of 05
billion rupees or
A person holding
a master degree in
Finance from a
university recognized by the
at least Fifteen (15)
years relevant experience, in case
of of public sector ord companies having
total assets of 05 fs.
billion rupees or
At least three (3)
as Head of Finance is
Tenure& Age Limit
maintained car and
Initial contract shall
be for a period of
will be a six months
contract will be
confirmed after a first
shall be conducted
after six months of
appointment for contract
Limit: up to 45 Years
HOW TO APPLY:
Application forms are available on the IESCO website. Applications should be submitted through the 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 an interview.
a) No application will be accepted by hand.
b) Departmental candidates are required to apply through the proper channel.
c)IESCOis 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 the application is October 20th, 2021.
Director General (Human Resources)
Islamabad Electric Supply Company
Street No. 40, Sector G-7/4, Islamabad
Phone No. +92-51-9252080, Fax NO. +92-51-9253071
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