Chief Financial Officer

Position Overview

The Chief Financial Officer (CFO) is a critical C-level executive position at Sukkur Electric Power Company Limited (SEPCO), a leading public sector power distribution company serving over 0.8 million consumers across 10 districts of Northern Sindh. This role demands a highly strategic and experienced finance professional to lead all financial operations, ensuring robust financial management, compliance with regulatory frameworks, and ethical standards. The CFO will play a central role in driving innovation and aligning financial objectives with the broader organizational goals of SEPCO.

Key Responsibilities

The successful candidate will be responsible for strategically leading the finance department, ensuring objectives are aligned with SEPCO's organizational goals and driving innovation. This involves developing and implementing sound financial policies, ensuring compliance, robust risk management, and maintaining high ethical standards. The CFO will be tasked with building strong stakeholder relationships, providing clear and actionable financial communication and reports. They must identify and mitigate financial risks while making sound decisions under pressure, foster a high-performance culture by leading, mentoring, and effectively managing teams, and demonstrate expertise in the relevant field, adapting to industry trends and challenges.

Eligibility Criteria

• Option 1: A member of a recognized body of professional accountants with at least five (5) years of relevant experience, specifically in State-Owned Enterprises (SOEs) having total assets of five billion Pakistani Rupees (PKR 5 billion) or more.
• Option 2: A person holding a Master's degree (16 years of education) in Finance-related disciplines from a university or institution recognized by the Higher Education Commission (HEC), with at least ten (10) years of relevant experience, especially in other State-Owned Enterprises (SOEs).

Age, Tenure, and Remuneration

The upper age limit for this position is 55 years on the closing date of the advertisement, with no age relaxation. The appointment will be made on a contract basis, initially for a period of two years, which will be extendable annually based on performance evaluated by the Board of Directors SEPCO. The selected candidate will be offered market-based competitive compensation and benefits in accordance with SEPCO (Contract Appointment on C-Level Positions) Regulations, 2024, and other relevant policies.

Application Process

Interested candidates are required to submit their applications online exclusively through the SEPCO website: www.sepco-jobs.pitc.com.pk. Applications must be submitted by 11 June, 2025. Along with the online application, candidates must upload scanned copies of: degrees/testimonials (duly verified by HEC or a professional body), a detailed CV with two recent passport-sized photographs, attested copies of CNIC, and experience certificate(s)/documents. Additionally, a declaration on non-judicial stamp paper (available on the SEPCO website), duly attested by the Oath Commissioner, must be attached, affirming eligibility and compliance with the Fit and Proper Criteria as laid down in the State-Owned Enterprises (Governance and Operations) Act, 2023, SOEs Policy-2023, and SOEs (C-Level Appointments) Guidelines, 2024. Interested employees of SEPCO, Government servants, or employees of other Public Sector organizations must apply through the proper channel along with a departmental NOC. No applications will be accepted by hand. Candidates shall be required to produce all original documents, including experience certificates, at the time of the interview. SEPCO is an equal opportunity employer, and female candidates are equally encouraged to apply. Only shortlisted candidates will be called for interviews/selection processes, for which no TA/DA shall be allowed. SEPCO reserves the right to cancel the whole recruitment process at any stage without assigning any reason.

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