The Lahore Electric Supply Company (LESCO Jobs), a state-owned enterprise responsible for distributing electricity to over 6.2 million consumers in various districts, is inviting applications for the position of Chief Financial Officer (CFO). This C-level position requires candidates to bring exceptional leadership and financial expertise to oversee the company’s financial strategy, planning and operations while ensuring compliance with regulatory guidelines and policies. The CFO will report directly to the Board of Directors and the Chief Executive Officer and will be responsible for implementing financial strategies to enhance profitability, managing risks and leading efforts in ERP system automation and financial reporting.
Applicants must possess a membership in a recognized body of professional accountants and have at least 15 years of relevant experience in senior financial roles within government, semi-government or large organizations. Candidates should demonstrate exceptional communication and leadership skills, the ability to foster teamwork and a proven record of managing large-scale financial operations. The position is contract-based for three years, extendable based on performance evaluation and the candidate’s age should not exceed 57 years at the time of application submission.
Interested candidates can submit their applications online through the LESCO website or in person by Jan 30, 2025. Required documents include a detailed CV, CNIC copy, proof of educational qualifications, experience certificates and professional memberships. Only shortlisted candidates will be called for interviews and the final decision will rest with the Board. The position is non-pensionable and contractual, with no rights to permanent employment at LESCO. The company is an equal-opportunity employer.
LESCO Jobs List
- Chief Financial Officer (CFO)
LESCO Jobs Details
| Field | Information |
|---|---|
| Date Posted | 19,January 2025 |
| Vacancy Location | Lahore, Pakistan |
| Category | Management/Finance |
| Job Type | Contractual (3 years, extendable) |
| Job Industry | Power/Electricity Distribution |
| Organization | Lahore Electric Supply Company (LESCO) |
| Last Date | 30,January 2025 |
About Lahore Electric Supply Company
The Lahore Electric Supply Company (LESCO Jobs) is a state-owned enterprise (SOE) responsible for distributing power to over 6.2 million valued consumers across Lahore, Okara, Kasur, Sheikhupura and Nankana. Operating as one of Pakistan’s leading power distribution companies, LESCO plays a critical role in ensuring efficient and reliable energy supply within its jurisdiction. The company manages an expansive network and adheres to strict regulatory standards, emphasizing operational excellence.
LESCO’s mission is centered on providing uninterrupted and cost-effective electricity services to its consumers while maintaining transparency, sustainability and compliance with government policies. It aims to enhance customer satisfaction through innovation, technology-driven solutions and strong financial management. LESCO strives to support the national economy by ensuring energy efficiency and minimizing system losses.
What sets LESCO Jobs apart is its dedication to continuous improvement through leadership, accountability and a customer-centric approach. As a significant state entity in the energy sector, LESCO fosters a professional work environment and contributes to societal development by promoting energy conservation and reducing load shedding. Its commitment to equal opportunity and merit-based recruitment further reinforces its reputation as a forward-looking organization.
Experience and Eligibility Criteria for LESCO Jobs
| Criteria | Details | Requirement |
|---|---|---|
| Qualification | Membership of a recognized body of professional accountants | Mandatory |
| Experience | At least 15 years of relevant experience in senior financial roles | Minimum 15 years |
| Relevant Sectors | Government Department, Semi-Government Organizations, Corporations, Large Companies or Public Limited Companies | Required |
| Skills | Exceptional interpersonal, communication and presentation skills | Essential |
| Age Limit | Up to 57 years at the time of application submission | Maximum 57 years |
| Additional Requirements | Strong leadership, financial management and team building skills | Essential |
Application Process
- Submit the application online through the LESCO website or in person.
- Attach the following documents along with the application:
- A detailed CV with an updated career history.
- A copy of your CNIC or national identification card.
- Attested copies of educational degrees or certificates (verified by the Higher Education Commission or equivalent authority).
- For foreign academic qualifications, provide an HEC equivalence certificate.
- Proof of membership in a professional governing body, if applicable.
- A separate list of work experiences, including reference letters or certificates.
- Ensure the application is complete and submitted before the deadline: Jan,30 2025
- Keep original documents ready for presentation during the interview (if shortlisted).
LESCO Jobs Responsibilities
| Key Duties/Tasks | Description |
|---|---|
| Strategic Financial Planning | Plan, control and monitor all financial and audit activities in compliance with regulations and policies. |
| Financial Strategy Execution | Develop and execute financial strategies to achieve growth and profitability in the short and long term. |
| ERP System Implementation | Ensure effective implementation and automation of ERP systems for financial operations. |
| Risk Management | Identify, assess and mitigate financial risks to secure the company’s financial stability. |
| KPI Monitoring | Manage and monitor key financial performance indicators to achieve organizational goals. |
| Team Leadership | Provide strong leadership to the finance department and foster a culture of teamwork and professionalism. |
| Stakeholder Communication | Maintain liaison with stakeholders, government authorities, regulatory bodies and other relevant entities. |
| Policy Adherence | Ensure adherence to all applicable rules, regulations and financial policies. |
| Reporting to Board and CEO | Prepare and present financial reports to the Board of Directors and Chief Executive Officer. |
| Continuous Improvement | Recommend and implement improvements in financial processes and operations for efficiency. |
LESCO Jobs Compensations and Benefits
The job advertisement does not explicitly mention specific benefits such as health insurance, paid time off, bonuses or flexible work options. However, it does state that the position is contractual and market-based, meaning the salary and benefits are likely to be competitive and aligned with the candidate’s qualifications and experience. Additional details regarding benefits may be provided during the selection process or at the time of appointment.
Required Documents
| Requirement | Details |
|---|---|
| Academic Qualification | Membership in a recognized body of professional accountants (e.g., ICAP, ACCA, CPA). |
| Experience Certification | At least 15 years of relevant experience in senior financial roles. |
| Foreign Qualifications | For foreign degrees, candidates must provide an equivalence certificate from the Higher Education Commission (HEC). |
| Professional Memberships | Membership in relevant professional governing bodies, if applicable. |
Contact Information
| Field | Information |
|---|---|
| Website Name | Lahore Electric Supply Company (LESCO) |
| Website URL | www.lesco.gov.pk |
| Physical Address | Lahore, Pakistan |
| Contact Number | 042-3429118 |
Frequently Asked Questions
What is the job title for the vacancy?
The vacancy is for the position of Chief Financial Officer (CFO) at LESCO.
What are the qualifications required for this position?
Candidates must be a member of a recognized body of professional accountants (such as ICAP, ACCA, CPA) and have at least 15 years of relevant experience in senior financial roles.
What is the age limit for applicants?
Applicants should not be older than 57 years at the time of application submission.
What is the duration of the contract?
The position is for a 3-year contractual term, which can be extended based on performance evaluation.
Are there any benefits offered for this position?
While specific benefits such as health insurance or paid time off are not explicitly mentioned, the salary and benefits are expected to be competitive, aligned with the candidate’s qualifications and experience.
What is the selection process?
Only shortlisted candidates will be invited for interviews. The final decision will be made by the Board of Directors based on the interview outcomes.
Is there an opportunity for permanent employment?
The position is non-pensionable and contractual. There are no rights to permanent employment at LESCO.
What is LESCO’s mission?
LESCO’s mission is to provide uninterrupted and cost-effective electricity services while maintaining transparency, sustainability and compliance with government policies. It aims to improve customer satisfaction through technology-driven solutions and efficient financial management.