Lahore Electric Supply Company Verified
Job Type | Seniority | Gender | Age | Test Center |
---|---|---|---|---|
Full Time | N/A | All | Min:18 - Max:57 | N/A |
CHIEF INTERNAL AUDITOR Lahore Electric Supply Company (LESCO), a leading public electric utility Company, endeavoring to provide uninterrupted electric supply to more than 5.6 million valued consumers with 20,433 employees is seeking the services of an experienced, dynamic, high caliber and result oriented professional to work as Chief Internal Auditor as part of its senior executive team, who can undertake the challenging assignment effectively.
How to Apply:
Application
forms are available on LESCO website (www.lesco.gov.pk). Applications should be
submitted online on LESCO website as well as through courier. Applicants
who apply must submit the following accompanying related documents along with
the application;
a.
Copy of detailed CV with updated career
history;
b.
Copy of CNIC and recent photograph;
c.
Copies of Degrees/Testimonials duly verified by
the Higher Education Commission (HEC) or the professional body / association,
whichever is relevant;
d.
Applicant with foreign academic qualification
is to furnish HEC Equivalence certificate;
e.
Attested copy of registration / Membership with
Professional Governing Body, if applicable;
f.
Detailed separate list of experience along with
experience letter / certificate / reference letter.
NOTE:
a) Only shortlisted candidates will be called for
interview.
b) The
applicant must ensure the application is complete in all respects. The Board
reserves the right to seek further information and / or documentation from any
applicant as it deems appropriate.
c) Applicants shall be required to present
all original documents including experience certificate at the time of
interview.
d) No application will be accepted by hand.
e) Applications should reach no later than 16.02.2025.
f) Candidates working in Govt. /Semi
Govt./Autonomous public organizations are required to apply through proper
channel along
with NOC of their department issued on its letter head.
g) The abovementioned position is purely
contractual in nature, non-pensionable, no long-term benefit and shall not be
converted into permanent position at any stage.
h) LESCO reserves the right to withhold / cancel
the recruitment process at any stage without assigning any reason.
i) LESCO is an equal opportunity employer.
Human Resource Directorate
Lahore Electric Supply Company (LESCO)
22-A Queens Road, Lahore
Ph # 042-99204811
Responsibilities
and Skills:
Main
responsibilities of the position include the following but are not limited to:
·
Chief Internal Auditor being the head of the
internal audit function at the Company shall enjoy unrestricted access to its
financial records along with the responsibility of ensuring their sanctity. He
/ she shall report to the Audit Committee, being accountable to the Board of
Directors.
·
Evaluate
Accounting, Financial, Credit and other operational activities as an
independent appraisal function.
·
Ensure effective management of the Financial
Resources of the Company.
·
Review and appraise the soundness, adequacy and
application of accounting, Financial & Operational controls.
·
Formulate Internal audit programs in such a way
that all aspects of financial transactions are audited.
·
Oversee the company’s functions and supervise a
review of the company’s personnel, all activities and determine compliance with
applicable policies and procedures in a manner consistent with the objectives
and standards of administrative practice.
·
Verify audit evidence and record audit
observations, make audit recommendations that are feasible, practical and cost
efficient for approval through communication of audit results to Audit
Committee.
·
To develop an effective team of competent
subordinates who understand and are able to discharge the obligations of their
positions / jobs.
·
To undertake special investigation at the
directives of the Audit Committee / Board of Directors.
·
Have liaison with the External and Commercial
auditors of the Company.
The skill set of the Applicant is expected to
include:
·
Broad knowledge of business processes as well
as thorough technical acumen with respect to financial, legal and regulatory
compliances which govern the electricity distribution sector.
·
Ability to lead by example and build a
conducive working environment for an engaged and committed team.
·
The capacity to gain an insight into the
workings of the company and remain in liaison with all departments across the
company need order to oversee compliances and ensure regulatory oversight.
·
In depth understanding of the Accounting,
Financial, Credit and other related operational activities in order to
effectively undertake an independent appraisal function.
·
Specialist insight into the financial resources
of the company in order to formulate and put into effect efficient audit
practices.
Qualifications and Experience:
The qualifications and Experience expected from
an Applicant include:
1. Has to
be member of a recognized body of professional accountants having qualification
of CA/CPA/ACMA/ACCA/MBA (Finance) from reputed local or international
university / institute recognized by the Higher Education Commission.
2. The
candidate must have a minimum post qualification relevant audit experience of
15 years which includes at least 5 years experience at senior level position in
a large sized private or government sector organization.
3. Through
understanding of GAAP and international audit standards for the power sector at
national and international level.
4. Ideal
candidate should have strong business acumen and judgement, In-depth
understanding of internal audit function in ERP environment, risk, systems and
controls that meet IIA Standards and experience of senior management and Board
level interactions.
The candidate must comply with the Fit &
Proper Criteria and other conditions as prescribed in the State-Owned
Enterprise Act, 2023.
Remuneration & Contract Period:
Market-based competitive salary package
commensurate with qualifications and experience of candidate to be decided by
BOD at the time of selection.
The initial contract shall be for a period of
three (3) years, extendable on satisfactory performance with annual performance
evaluation to be conducted by the Board of Directors LESCO, against agreed Key
Performance Indicators (KPI’s) as detailed in the contractual arrangement
and revisited from time to time.
Age Limit:
Up to 57
years at the time of closing date of advertisement.