The Faisalabad Electric Supply Company (FESCO) a public utility company operating in the power sector is seeking a qualified professional for the position of Chief Financial Officer (CFO). This position requires expertise in financial management along with an understanding of the power sector to manage the company’s financial and accounting functions (Jobs in Faisalabad). The CFO will report directly to the Chief Executive Officer and serve as a financial advisor ensuring the effective implementation of financial strategies policies and compliance frameworks (Jobs in Faisalabad).
The primary responsibilities of the CFO include managing financial systems corporate planning budgeting and fund management (Jobs in Faisalabad). The role also involves reviewing financial risks preparing and presenting statistical reports and leading efforts to mitigate risks (Jobs in Faisalabad). In addition the CFO will manage financial reporting coordination with regulatory bodies and compliance with CapEx and audit requirements (Jobs in Faisalabad). A significant part of the role will be to enhance financial performance ensure accurate quarterly reporting and support organizational growth through strategic financial initiatives (Jobs in Faisalabad).
Candidates must possess at least fifteen years of relevant experience preferably in companies with large assets or turnover and hold membership in a recognized professional accountancy body (Jobs in Faisalabad). Alternatively candidates with a master’s degree in finance or a related discipline from an HEC-recognized university are also eligible (Jobs in Faisalabad). Applicants must demonstrate strategic thinking leadership skills and a strong understanding of financial regulations ERP systems and corporate governance (Jobs in Faisalabad). Effective communication and team-building abilities are also critical for this role (Jobs in Faisalabad).
The position is on a contractual basis initially for three years with market-competitive remuneration (Jobs in Faisalabad). Applicants from government or semi-government organizations must apply through proper channels and meet relevant procedural requirements (Jobs in Faisalabad). The application process includes submission of a detailed CV copies of academic and professional credentials and a declaration on non-judicial stamp paper regarding eligibility (Jobs in Faisalabad). Only shortlisted candidates will be contacted for further stages of the selection process and no TA/DA will be provided for interviews (Jobs in Faisalabad).
Positions Available
| Position | Number of Vacancies |
|---|---|
| Chief Financial Officer (CFO) | 1 |
Age Criteria
- 57 years
Why Join Faisalabad Electric Supply Company (FESCO)?
Faisalabad Electric Supply Company (FESCO) is a leading public utility company operating in Pakistan’s power sector serving over 5.4 million customers across a vast geographical region (Jobs in Faisalabad). Working for FESCO provides an opportunity to be part of a highly impactful organization dedicated to delivering reliable electricity and contributing to the country’s economic growth (Jobs in Faisalabad). As a prominent entity in the energy sector FESCO offers employees a chance to engage in meaningful work that directly influences the lives of millions of people creating a sense of pride and purpose in one’s professional journey (Jobs in Faisalabad)
FESCO is committed to fostering a professional and inclusive work environment that encourages personal growth and career development (Jobs in Faisalabad). The organization values excellence and innovation providing opportunities for employees to work on diverse projects and tackle complex challenges in the ever-evolving power industry (Jobs in Faisalabad). By joining FESCO individuals gain exposure to advanced technologies cutting-edge financial systems and best practices in energy management (Jobs in Faisalabad). This environment not only builds technical expertise but also strengthens leadership and decision-making skills paving the way for long-term career advancement (Jobs in Faisalabad).
Additionally FESCO offers market-competitive remuneration packages and a stable employment structure making it an attractive choice for professionals seeking financial security and career stability (Jobs in Faisalabad). The organization prioritizes compliance with corporate governance and transparency standards ensuring that employees work within a framework of accountability and integrity (Jobs in Faisalabad). With its focus on employee well-being and professional development FESCO stands out as a prestigious institution where individuals can build fulfilling careers while contributing to the energy sector’s progress and the nation’s prosperity (Jobs in Faisalabad)
The Ideal Candidate Profile
- Here are the skills required for the position of Chief Financial Officer (CFO), based on the provided details:
- Ability to analyze strategic financial requirements and align them with organizational vision and goals.
- Strong understanding of business objectives and the ability to set short, medium, and long-term goals.
- Capacity to evaluate and improve financial processes, ensuring consistency and efficiency.
- Expertise in building and managing relationships with key financial institutions and stakeholders.
- Knowledge of economic principles, financial markets, regulations, and financial risk management.
- Hands-on experience with ERP implementation and working with financial solutions and automation.
- Familiarity with corporate financial laws, regulations, and compliance frameworks.
- Leadership skills to build and lead cross-functional teams toward achieving performance goals.
- Excellent communication and team-building abilities.
Qualifications We’re Looking For
| Eligibility Criteria | Details |
|---|---|
| Qualification | Membership in a recognized professional accountancy body (e.g., ICAP, ACCA, etc.) or a Master’s degree in Finance or related disciplines from an HEC-recognized university. |
| Experience | At least 15 years of relevant experience in private or government sectors. For SOEs, experience with total assets of five billion rupees or more is required. |
| Age Limit | Maximum 57 years as of the closing date. |
| Other Requirements | Must possess strong leadership, strategic thinking |
What You Will Do
- Oversee corporate planning, budgeting, and fund management processes.
- Review financial risks and present statistical analyses and reports to address risk mitigation effectively.
- Coordinate with internal and external stakeholders for the efficient resolution of financial issues.
- Ensure compliance with CapEx budgets and maintain proper reporting of accounts.
- Oversee financial audits, quarterly reports, and compliance with relevant laws and regulations.
- Supervise the maintenance and implementation of computerized accounting and management information systems.
- Monitor financial performance, provide guidance for corrective actions, and enhance organizational financial efficiency.
- Lead and manage financial teams to achieve corporate performance and business goals.
Application Deadline
- 15 days from the date of advertisement publication.
Steps to Apply
- Visit the FESCO website (www.fesco.com.pk) to download the prescribed application form.
- Complete the application form and attach the required documents, including a detailed CV, copies of degrees, certificates, testimonials (verified by HEC or relevant authorities), CNIC, and a recent photograph.
- Submit a declaration on non-judicial stamp paper (as per the prescribed format) regarding eligibility and authenticity of the provided information.
- Send the completed application form and documents to the specified address mentioned in the advertisement.
- Applicants currently working in government, semi-government, or autonomous public organizations must apply through proper channels and provide a No Objection Certificate (NOC).
- Ensure the application reaches FESCO within 15 days of the advertisement’s publication; incomplete or late submissions will not be considered.
Common Mistakes to Avoid
- Incomplete Application:
- Missing required documents like degrees, certifications, testimonials, or the prescribed application form.
- Failure to submit a clear and detailed CV as requested.
- Incorrect Documentation:
- Providing unverified or incomplete attestations from relevant authorities (HEC, institutions, or professional bodies).
- Submitting outdated or missing identity documents such as a CNIC or a recent photograph.
- Failure to Meet Qualification Criteria:
- Not having at least 15 years of relevant professional experience or the required memberships/certifications (e.g., from recognized professional accounting bodies).
- Submitting an application without a Master’s degree in Finance or a related field (if applicable).
- Non-Compliance with Instructions:
- Not submitting a declaration on non-judicial stamp paper as specified.
- Failure to adhere to the format or submission method (e.g., email or postal submission to the wrong address).
- Late Submission:
- Submitting the application after the 15-day deadline from the date of advertisement.
- Errors in Application Form:
- Missing required fields or providing inaccurate information.
- Including irrelevant or excessive details that are not aligned with the role.
- Application without NOC (for Government Employees):
- Failing to submit a No Objection Certificate (NOC) for candidates currently employed in government or semi-government organizations.
- Age Limit Exceeded:
- Applying if over the maximum age limit of 57 years at the closing date.
- Non-Compliance with Conditions for SOEs:
- Applying without meeting the specific financial or operational experience requirements for State-Owned Enterprises (SOEs).
- Unverified or Inconsistent Experience:
- Providing experience details that are unverifiable or inconsistent with the advertised requirements.
What to Expect During Hiring
- Application Submission:
- Candidates must submit complete applications with all required documents (degrees, certifications, testimonials, etc.) within 15 days of the advertisement.
- Shortlisting:
- Only candidates who meet the eligibility criteria, including qualifications, experience, and age limit, will be shortlisted for further evaluation.
- Document Verification:
- Original documents will be verified at the time of the interview to ensure authenticity and compliance with the requirements.
- Interviews:
- Shortlisted candidates will be invited for interviews to assess their skills, expertise, and suitability for the role.
- No TA/DA:
- No travel allowance (TA) or daily allowance (DA) will be provided for attending the interview or selection process.
- Final Selection:
Office Location
- Director General (HR)
Faisalabad Electric Supply Company (FESCO),
West Canal Road, Abdullahpur, Faisalabad.
Contact Us for Clarifications
| Detail | Information |
|---|---|
| Contact Number | (041) 9220237 |
| Not mentioned in the advertisement | |
| Website | www.fesco.com.pk |
Frequently Asked Questions
Is there an age limit for applicants?
Yes, the maximum age limit for applicants is 57 years as of the closing date of the application.
Can candidates currently working in government or semi-government organizations apply?
Yes, but such candidates must provide a No Objection Certificate (NOC) from their current employer at the time of application or interview.
Will shortlisted candidates receive any travel or daily allowances for the interview?
No, FESCO will not provide any travel or daily allowance (TA/DA) for attending the interview or selection process.
Jobs in Faisalabad