LESCO Chief Internal Auditor Jobs 2025

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

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 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, and 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 the Audit Committee.
• Develop an effective team of competent subordinates who understand and are able to discharge the obligations of their positions/jobs.
• Undertake special investigations at the directives of the Audit Committee/Board of Directors.
• Liaise with the External and Commercial auditors of the Company.

Skill Set Required:

• Broad knowledge of business processes as well as thorough technical acumen with respect to financial, legal, and regulatory compliances governing the electricity distribution sector.
• Ability to lead by example and build a conducive working environment for an engaged and committed team.
• Capacity to gain insight into the workings of the company and remain in liaison with all departments across the company to oversee compliances and ensure regulatory oversight.
• In-depth understanding of Accounting, Financial, Credit, and other operational activities to effectively undertake an independent appraisal function.
• Specialist insight into the financial resources of the company to formulate and put into effect efficient audit practices.

Qualifications and Relevant Experience:

1. Must be a member of a recognized body of professional accountants.
2. The candidate must have at least 10 years of relevant experience in audit and/or risk management, designing of internal control procedures, effective compliance of financial reliability in public/private sectors with an understanding of governance, risks, and risk controls, especially in State-Owned Enterprises or public sector projects.
3. Ideal candidates should have strong business acumen and judgment, in-depth understanding of internal audit function in ERP environments, risk systems, and controls that meet IIA Standards, and experience at 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 commensurate with qualifications and experience, decided by the Board of Directors at the time of selection.

• Initial contract period: 3 years (extendable based on satisfactory performance).
• Performance evaluation: Annual, conducted by the Board of Directors.

Age Limit:

Up to 57 years at the time of the closing date of the advertisement.

How to Apply:

Applications are available on the LESCO website (www.lesco.gov.pk). Applicants must:

• Apply online and submit through courier.
• Attach the following documents:
  1. Updated CV.
  2. Copy of CNIC and recent photograph.
  3. Copies of degrees/testimonials.
  4. Copy of registration/membership with Professional Governing Body (if applicable).
  5. Detailed list of experience with letters/certificates of reference.

Note:

1. Only shortlisted candidates will be called for an interview.
2. Applications should reach no later than 11-04-2025.
3. Government/semi-government/autonomous public organization employees must apply through proper channels with NOC.
4. LESCO reserves the right to cancel the recruitment process at any stage without assigning a reason.
5. LESCO is an equal-opportunity employer.