Category/Sector: Government
Education Required: Master | ACCA | CA
Vacancy Location: Faisalabad, Punjab, Pakistan
Organization: Faisalabad Electric Supply Company Limited (FESCO)
Job Industry: Finance
Job Type: Full-Time
Expected Last Date to Apply: January 15, 2025, or as per the newspaper advertisement

Position Available

  • Chief Financial Officer (CFO)

About FESCO

Faisalabad Electric Supply Company (FESCO) is a leading public utility operating in the power sector. It provides electricity to over 5.4 million customers across eight districts in Punjab, including Faisalabad, Chiniot, Sargodha, Jhang, Toba Tek Singh, Khushab, Mianwali, and Bhakkar.

FESCO is seeking a qualified and experienced professional for the C-level position of Chief Financial Officer (CFO) to oversee its financial operations.

Responsibilities

The CFO will:

  • Report directly to the CEO as the Financial Advisor of FESCO.
  • Implement sound financial strategies, computerized accounting, and management information systems.
  • Manage corporate planning, budgeting, and fund allocation.
  • Assess financial risks, oversee debt management, and liaise with audit committees and stakeholders to mitigate risks.
  • Monitor financial performance and ensure compliance with internal financial controls.
  • Oversee CapEx budgets and statutory reporting.
  • Coordinate with NEPRA for tariff determination.

Key Skills Required:

  • Expertise in strategic financial management aligned with organizational goals.
  • Proficiency in ERP implementation and financial automation systems.
  • Strong understanding of economic principles, financial markets, and legal frameworks in the power sector.
  • Exceptional communication and team-building skills.

Qualification & Experience

Minimum Requirements:

  • Professional Accountant: Membership in a recognized body (e.g., ACCA, CA) with 15 years of relevant experience in private or government sectors, especially in state-owned enterprises with assets exceeding five billion rupees.
  • Master’s Degree: In Finance or related disciplines, with 15 years of experience in similar roles in state-owned enterprises.

Age Limit:
Maximum age is 57 years as of the closing date.

Remuneration & Tenure

  • Salary: Market-based, competitive, lump sum package.
  • Contract Duration: Initial three years, extendable based on performance.
  • Probation Period: Six months.
  • Note: The position is neither regularized nor pensionable under Government rules.

Application Process

How to Apply:

  • Submit applications online via the FESCO website: www.fesco.com.pk.
  • Download and complete the prescribed application form.
  • Dispatch the signed application form along with:
  • Updated CV
  • Copies of degrees, certificates, and testimonials verified by HEC
  • Copy of CNIC and recent photograph
  • A non-judicial stamp-paper declaration as per Schedule-II of CMU Guidelines

Submission Deadline:
Applications must reach within 15 days of the advertisement’s publication.

Additional Instructions

  • Government/Semi-Government employees must apply through the proper channel with NOC.
  • Original documents must be presented during the interview.
  • FESCO reserves the right to cancel the recruitment process at any stage without explanation.
  • No TA/DA will be provided for the interview/selection process.
  • Only shortlisted candidates will be contacted.

Contact Information:
Director General (HR)
Faisalabad Electric Supply Company (FESCO)
West Canal Road, Abdullahpur, Faisalabad
Phone: (041) 9220247
Website: www.fesco.com.pk

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