Job Description

The Peshawar Electric Supply Company (PESCO) is currently looking for a highly skilled and experienced Chief Financial Officer (CFO) to join its leadership team.

As a prominent player in Pakistan’s energy sector, PESCO offers an exceptional opportunity for professionals with a solid background in financial management to take on a leadership role.

If you are ready to make a significant contribution to the energy sector, this position might be your next career move.

Why Join PESCO?

As part of the public sector, PESCO plays a critical role in the management and distribution of electricity in the Khyber Pakhtunkhwa region. Working at PESCO offers the chance to contribute to the efficient functioning of Pakistan’s energy distribution network.

Joining PESCO means taking part in important financial decisions that impact the future of energy supply in the region.

As the Chief Financial Officer, you would be directly involved in overseeing the financial health of the company, making high-level strategic decisions, and contributing to the broader goals of PESCO. This is a senior role that offers a challenging yet rewarding opportunity for career growth and professional development.

Chief Financial Officer Responsibilities

As the Chief Financial Officer at PESCO, your primary role will be to oversee and manage the financial operations of the company. Your responsibilities will include, but are not limited to, the following:

1. Financial Management: You will be responsible for overseeing all financial operations, including budgeting, forecasting, and accounting, ensuring the company’s finances are managed efficiently and effectively.
2. Strategic Planning: Develop and implement long-term financial strategies aligned with PESCO’s goals. You will provide valuable financial insights that support the company’s overall strategic direction.
3. Risk Management: Oversee the management of financial risks, ensuring that risks are identified, assessed, and mitigated appropriately.
4. Investment and Treasury Operations: Manage investments and treasury functions, optimizing the company’s financial performance.
5. Compliance and Regulatory Requirements: Ensure PESCO’s financial operations comply with all relevant laws, regulations, and accounting standards, including those specific to the energy sector.
6. Reporting and Stakeholder Management: You will be responsible for financial reporting to the senior management team, including the CEO, and external stakeholders. You will also represent PESCO in financial matters with regulatory authorities and other external partners.

Required Skills and Qualifications

To be considered for the role of Chief Financial Officer at PESCO, the ideal candidate will possess a strong financial background, leadership skills, and in-depth knowledge of the financial operations in the energy sector. The key qualifications and skills include:

Educational Requirements:

A member of an organized body of professional accountants (e.g., ACCA, CA, CIMA) is required for this role. A relevant qualification will be crucial to effectively manage the company’s complex financial operations.

Experience:

Minimum of 15 years of post-qualification experience in financial management, with at least 5 years in a senior management position. Experience in the energy sector or similar industries is highly preferred.

Skills:

• Comprehensive knowledge and experience in finance, investments, and treasury operations.
• High-level expertise in financial management, strategic planning, risk management, and analytical skills.
• Familiarity with regulatory requirements and compliance issues within the electric power sector is an added advantage.
• Exceptional verbal and written communication skills, with the ability to present complex financial data clearly and concisely to various stakeholders.

Why This Role Matters

The role of Chief Financial Officer at PESCO is crucial to the company’s ability to manage its finances effectively and contribute to the achievement of its long-term goals.

By overseeing financial planning and risk management, the CFO ensures that PESCO remains financially healthy, while also complying with the necessary regulatory requirements.

This position offers an opportunity to play a key role in shaping the future of Pakistan’s energy distribution sector, especially in the Khyber Pakhtunkhwa region.

How to Apply

If you meet the required qualifications and are ready to contribute to PESCO’s financial success, you can apply through Growthify.Pk. Ensure you submit your application by the deadline, January 15, 2025, for consideration.

Conclusion

The Chief Financial Officer role at PESCO is a highly rewarding opportunity for finance professionals looking to take on a senior leadership position in the energy sector.

With a chance to directly impact the financial direction of a key public sector organization, this role offers significant career growth potential. If you possess the right experience, skills, and passion for financial management, this position could be your next career milestone.