The Lahore Electric Supply Company LESCO Jobs Chief Internal Auditor

The Lahore Electric Supply Company LESCO Jobs Chief Internal Auditor:

Organization: The Lahore Electric Supply Company LESCO

Conserve Electricity to Reduce Load Shedding

APPLICATIONS ARE INVITED FOR THE POSITION OF CHIEF INTERNAL AUDITOR AT THE LAHORE ELECTRIC SUPPLY COMPANY (LESCO)

The Lahore Electric Supply Company (LESCO), being a State-Owned Enterprise (SOE) & operating a power distribution network and supplies electricity to more than 6.62 million valued consumers in the approved geographic territory of Lahore, Okara, Kasur, Sheikhupura and Nankana.

LESCO is seeking the services of an experienced, dynamic and result oriented professional to work at the company as Chief Internal Auditor as part of its senior management team, who has the relevant skills and capabilities to take on this challenging role.

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 unimpeded 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 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 in 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 Relevant Experience:

The qualifications and Experience expected from an Applicant include:

• Has to be a member of a recognized body of professional accountants.
• The candidate must have a total of ten years (10) of relevant experience in audit and/or controls, preferably management designing of internal controls, financial reliability in public/private sector with understanding of governance, risks and controls especially in State-Owned Enterprises or public sector projects.
• The candidate should have strong business acumen and judgement, in-depth understanding of internal audit function in ERP environment, risk, systems and controls that meet IA 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. Salary of the candidate to be decided by BOD at the time of selection.

The initial contract shall be for a period of three (3) years extendable for satisfactory performance with annual performance evaluation to be conducted by the Board of Directors, LESCO, against agreed Key Performance indicators (KPIs) 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.

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 through courier 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. d. Copy of registration / Membership with Professional Governing Body, if applicable. e. Detailed separate list of experience along with experience letter/certificate/reference letter.

NOTE:

a. 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. b. Only shortlisted candidates will be called for interview. 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.  

PID(L) 2190/24 LESCO is an equal opportunity employer.

Human Resource Directorate DMPR#132(2024-25) Lahore Electric Supply Company (LESCO) 22-A Queens Road, Lahore. Ph: 042-99204811

LAHORE ELECTRIC SUPPLY COMPANY

The Lahore Electric Supply Company LESCO Jobs Chief Internal Auditor