Latest Vacancies in Lahore at Electric Supply Company (LESCO) 2025

Vacancies in Lahore…….As a key role within this state-owned enterprise that serves over 6.62 million valued customers the Chief Internal Auditor will be responsible for overseeing the internal audit function. This includes ensuring unrestricted access to the company’s financial records and activities while maintaining the highest level of accountability.Reporting directly to the Board of Directors through the Audit Committee the successful candidate will conduct comprehensive evaluations of financial operational and credit systems. They will lead the internal control framework to ensure compliance with financial standards policies and applicable regulatory requirements.

Furthermore the Chief Internal Auditor will assess the financial soundness and risk management strategies of LESCO performing special investigations as directed by the Audit Committee to ensure a robust audit system.In addition to auditing responsibilities the Chief Internal Auditor will develop a competent team capable of fulfilling the organization’s compliance and governance mandates effectively.The candidate must possess the ability to work closely with both internal and external stakeholders including commercial and regulatory auditors to enhance the efficiency of business processes. Key skills required include a thorough understanding of business processes financial regulations risk management systems and auditing standards. The individual must be capable of offering strategic insights to guide decision-making while establishing a culture of transparency and accountability.

The position demands superior judgment business acumen and the ability to adapt to dynamic operational challenges while safeguarding the integrity of financial systems.Eligible candidates must hold a professional qualification such as CA CPA CMA or a Master’s degree in Finance or equivalent with a minimum of ten years of experience including at least five years in a senior-level audit position in a reputable organization.A comprehensive understanding of GAAP international auditing standards and ERP systems is essential for effective internal audit management. The initial contract term will be three years renewable based on performance with a competitive salary package determined by the Board of Directors.

Vacancies in Lahore

LESCO Job Vacancies

Job Detail	Description
Date Posted	02 Jan 2025
Position	Chief Internal Auditor
Company	Lahore Electric Supply Company (LESCO)
Type of Organization	State-Owned Enterprise (SOE)
Expiry Date	20 Jan 2025
Key Skills	Ability to lead and manage a committed team. Insight into company operations and compliance oversight.
Qualifications	Member of recognized professional accounting bodies (CA/ACMA). At least 15 years of relevant experience with 5 years in senior roles.
Experience Requirements	Experience in accounting financial credit and ERP environments; familiarity with GAAP IIA Standards risk management and international audit practices.
Remuneration	Market-based salary commensurate with qualifications and experience.
Contract Period	Three (3) years renewable based on performance.
Age Limit	Up to 57 years.
Additional Notes	The position is contract-based

Job Overview

The Lahore Electric Supply Company (LESCO) a State-Owned Enterprise operating in Lahore and surrounding regions is seeking a dynamic and result-oriented professional to fill the position of Chief Internal Auditor. This senior management role involves leading the internal audit function providing unrestricted access to financial records and ensuring compliance with regulatory standards. The Chief Internal Auditor will be responsible for evaluating financial operational and credit systems and presenting findings to the Audit Committee.Additional duties include verifying audit evidence making cost-effective recommendations and coordinating with external and commercial auditors to maintain robust internal controls. A key aspect of the position is to develop an effective team ensure adherence to best practices and support the company’s overall governance framework.

Candidates must possess a broad understanding of business processes and technical knowledge in finance legal compliance and regulatory matters related to the energy distribution sector.The role requires at least ten years of professional experience including five in a senior level position with expertise in GAAP international auditing standards and ERP-based internal audit systems. Applicants should demonstrate strong business acumen risk management capabilities and the ability to interact effectively with senior management and the Board. The position offers a market-based salary and an initial contract of three years with potential for renewal based on performance evaluations.Interested candidates must submit detailed applications by 22 January 2025 adhering to the Fit & Proper Criteria as prescribed by the State-Owned Enterprise Act 2023.

Eligibility criteria

Eligibility Criteria	Details
Education	Must be a member of a recognized body of professional accountants or hold a Master’s degree in Finance Accounting Auditing or Business Administration (MBA/CA/ACCA/ACMA).
Experience	Minimum of 10 years of relevant experience including at least 5 years at a senior level position in a large private or government sector organization.
Technical Knowledge	Thorough understanding of GAAP and international audit standards especially for the power sector at both national and international levels.
Skills	Strong business acumen judgment and in-depth understanding of risk management ERP-based internal audit systems and control frameworks meeting IIA standards.
Management Skills	Ability to lead develop teams and maintain a working environment for an engaged and committed internal audit team.
Regulatory Compliance	Knowledge of legal financial and regulatory frameworks governing the electricity distribution sector.
Fit & Proper Criteria Compliance	Must meet the Fit & Proper Criteria and other conditions as per the State Owned Enterprise Act 2023.
Age Limit	Maximum age of 57 years at the time of application closure.

Experience Required

• 3 Years

Location

• Lahore

Salary

• 70K-80K

Benefits

The compensation package for the Chief Internal Auditor position at Lahore Electric Supply Company is designed to be competitive and market-based reflecting the qualifications experience and skills of the selected candidate. The salary structure is aligned with industry standards for senior-level roles in large public and private sector organizations ensuring an attractive remuneration package that provides financial incentives for performance.The specific details of the salary and benefits will be determined by the Board of Directors (BOD) at the time of selection based on the expertise and background of the chosen professional. This dynamic structure aims to attract top-tier talent by offering a rewarding financial arrangement that matches the demands of the high-responsibility position.

In addition to the salary the initial contract for the role is for three years with potential extensions based on satisfactory performance and annual performance evaluations. These evaluations will be conducted by the BOD against agreed-upon Key Performance Indicators (KPIs) which are subject to periodic review and adjustments as necessary. The position is non-pensionable and carries no long-term benefits emphasizing a focus on contractual engagement.However LESCO’s commitment to a fair and transparent recruitment process ensures that equal opportunities are provided with a clear pathway for professional growth through performance-based renewals. Furthermore the role offers the opportunity to engage at the highest levels of corporate governance gaining valuable experience in leading internal audits within a major public utility enterprise.

Vacancies in Lahore.

Job type

• Contract based

Key Responsibilities

The Chief Internal Auditor at Lahore Electric Supply Company (LESCO) holds a critical leadership role responsible for managing the internal audit function and ensuring robust financial oversight. The key responsibilities of this position include evaluating accounting financial credit and operational activities through an independent appraisal process to ensure compliance with applicable policies and procedures. The Chief Internal Auditor will oversee all financial records of the company ensuring their sanctity while reporting directly to the Audit Committee and being accountable to the Board of Directors.A significant part of the role involves formulating internal audit programs that cover all aspects of financial transactions to enhance transparency and operational efficiency.

The individual will also be tasked with reviewing the adequacy of financial and operational controls to mitigate risks and enhance the soundness of business processes. Additionally the position requires supervising and developing a competent audit team capable of fulfilling organizational audit needs while fostering an environment of ethical compliance and continuous improvement.Another crucial responsibility is to conduct special investigations as directed by the Audit Committee or Board of Directors ensuring that any areas of concern are thoroughly examined and addressed.The Chief Internal Auditor will maintain active liaison with external and commercial auditors to ensure comprehensive audit coverage and compliance with regulatory standards.

The individual must verify audit evidence record observations and make actionable recommendations that are both feasible and cost-effective. This role demands strong leadership to foster a collaborative working relationship across all departments ensuring that regulatory oversight and corporate governance are upheld.Furthermore the role encompasses providing strategic insights into financial resource management and implementing best audit practices to support organizational goals. The Chief Internal Auditor will play a pivotal role in driving transparency integrity and efficiency across LESCO’s operations making it essential to possess a deep understanding of internal controls risk management and financial compliance within a large-scale enterprise setting.

Vacancies in Lahore.

Contact Information

Contact Information	Details
Website URL	http://www.lesco.gov.pk/
Address	22-A Queens Road Lahore Pakistan
Phone Number	+92-42-99204811

How to apply

• Visit the LESCO official website and complete the online application form available for the Chief Internal Auditor position.
• Submit a printed copy of the completed application along with required documents via courier to the address provided in the advertisement.
• 3. Attach a detailed CV recent photograph CNIC copy verified academic degrees/testimonials and experience certificates/reference letters.
• If holding a foreign degree provide an equivalence certificate issued by the Higher Education Commission.

FAQS