New CFO Jobs at Lahore Electric Supply Company (LESCO) 2025

Job Description

Jobs Title: Chief Financial Officer (CFO)
No. of Vacancies: 01

Lahore Electric Supply Company (LESCO), a leading State-Owned Enterprise (SOE) provides electricity to over 6.62 million valued consumers in Lahore, Okara, Kasur, Sheikhupura, and Nankana. LESCO is seeking a highly skilled and experienced professional for the position of Chief Financial Officer (CFO).

This is an exciting opportunity to lead the financial operations of a prominent organization and play a pivotal role in driving strategic financial management and growth.

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Eligibility Criteria

Key Responsibilities:

As the CFO, you will:

• Lead LESCO’s financial planning, strategy, and audit activities while ensuring the maintenance of accurate financial records.
• Develop and execute a comprehensive financial strategy to achieve growth and long-term profitability.
• Ensure compliance with industry-specific financial regulations and SROs in alignment with ministerial policies.
• Oversee the implementation of ERP systems and financial automation.
• Provide financial reporting and analysis, presenting clear and actionable KPIs to the Board and management.
• Manage stakeholder relationships, including regulators, ministries, and other relevant authorities.
• Foster a culture of teamwork and professionalism within the finance department.
• Represent LESCO in forums and external meetings, showcasing strong communication and presentation skills.

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Qualifications and Experience:

To apply, you must meet the following criteria:

• Membership of a recognized body of professional accountants (e.g., ICAP, ACCA).
• A minimum of 15 years of relevant experience in Government Departments, Semi-Government Organizations, Corporations, Autonomous Bodies, large Commercial Organizations, or Public Limited Companies of repute.

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Age Limit:

• Candidates must be 57 years or below as of the application deadline.

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Additional Details

Skills & Competencies:

• Expertise in financial management, strategy, and operations.
• In-depth knowledge of ERP systems and financial automation processes.
• Exceptional leadership and interpersonal skills to lead a high-performing team.
• Strong analytical and decision-making capabilities.
• Effective communication and presentation skills.

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Remuneration & Contract Terms:

• Market-based salary package, commensurate with qualifications and experience, as determined by the Board of Directors.
• Contract period: Initial tenure of three (3) years, extendable based on satisfactory performance, with annual evaluations conducted by the Board of Directors against agreed KPIs.

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How to Apply:

Applications must be submitted both online via the LESCO website (www.lesco.gov.pk) and through courier. Ensure the following documents are included:

1. Detailed CV with updated career history.
2. Copy of CNIC and a recent passport-sized photograph.
3. Verified copies of degrees/testimonials by HEC or the relevant professional body.
4. HEC equivalence certificate for foreign qualifications (if applicable).
5. Attested copy of registration/membership with the relevant professional body (if applicable).
6. A detailed list of experience with supporting letters/certificates.

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Important Notes:

• Applications must be submitted no later than 03/02/2025.
• Only shortlisted candidates will be called for interviews.
• Original documents, including experience certificates, must be presented during the interview.
• Candidates currently employed in Government/Semi-Government/Autonomous organizations must apply through proper channels with a No Objection Certificate (NOC) from their department.
• The position is contractual, non-pensionable, and will not convert to a permanent role.
• LESCO reserves the right to cancel the recruitment process at any stage without providing a reason.

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Why Join LESCO?

LESCO offers a dynamic work environment where you will have the chance to make a significant impact on the financial management of a large-scale power distribution company. We are committed to fostering professionalism, innovation, and equal opportunities.

Apply now and become a key player in shaping the financial future of one of Pakistan’s largest power distribution companies.

For further information, contact:
Human Resource Directorate
Lahore Electric Supply Company (LESCO)
22-A Queens Road, Lahore
Phone: 042-99204811

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FAQs: Chief Financial Officer (CFO) Position at Lahore Electric Supply Company (LESCO)

Q1: What does the CFO role at LESCO entail?
The Chief Financial Officer (CFO) at LESCO is responsible for overseeing financial planning, strategy, compliance, and reporting. The role also involves implementing ERP systems, maintaining financial controls, and leading the finance team to ensure effective financial management and growth.

Q2: What qualifications are required to apply for the CFO position?
Applicants must hold membership in a recognized body of professional accountants (e.g., ICAP, ACCA) and have a minimum of 15 years of relevant experience in Government Departments, Semi-Government Organizations, Corporations, or other reputable organizations.

Q3: What experience is needed for this role?
Candidates must have at least 15 years of experience in financial management, strategy, or related areas in organizations such as Government Departments, Semi-Government Organizations, Corporations, or Public Limited Companies.

Q4: What is the age limit for this position?
Applicants must be 57 years or younger as of the application deadline.

Q5: What is the application deadline for the CFO position?
The last date to apply is 03/02/2025. Applications submitted after this date will not be considered.

Q6: How can I apply for the CFO position at LESCO?
Applications must be submitted online via the LESCO website (www.lesco.gov.pk) and through courier. Applicants should include their CV, CNIC, verified educational documents, and experience letters.

Q7: Is this a permanent position?
No, this is a contractual position with an initial tenure of three (3) years, extendable based on satisfactory performance. The position is non-pensionable and will not convert into a permanent role.

Q8: What is the salary package for the CFO role?
The salary package is market-based and competitive, commensurate with the candidate’s qualifications and experience. The final package will be decided by the Board of Directors at the time of selection.

Q9: Will I need to present original documents during the recruitment process?
Yes, shortlisted candidates will be required to present original documents, including experience certificates, at the time of the interview.

Q10: Can employees from Government or Semi-Government organizations apply?
Yes, but they must apply through proper channels and provide a No Objection Certificate (NOC) from their respective department.

Q11: What is the contract period for the CFO position?
The contract is initially for three (3) years, extendable based on performance. Annual performance evaluations will be conducted by the Board of Directors against agreed Key Performance Indicators (KPIs).

Q12: Can LESCO cancel the recruitment process?
Yes, Lahore Electric Supply Company reserves the right to withhold or cancel the recruitment process at any stage without providing a reason.

Q13: Is LESCO an equal-opportunity employer?
Yes, LESCO is committed to equal employment opportunities and encourages all qualified professionals to apply.