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Wednesday 21st October, 2020


Apply to Ministry of Privatization Jobs

Job Details

Location


Islamabad

Address

(Ms. Samreen Zahara) Director General (Admin & Finance) Kohsar Block, 46 Floor, Pak Secretariat (Privatization Commission) Islamabad, Pakistan.

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Apply to Ministry of Privatization Jobs


Positions


Ministry of Privatization Jobs

Apply to Ministry of Privatization Jobs. Applications are invited for the following posts before the last date.

Ministry of Privatization Positions

  1. Consultant / Transaction Manager
  2. Consultant (Legal)

How to Apply

  • Last Date to submit application is 4th November, 2020.
  • Address: (Ms. Samreen Zahara) Director General (Admin & Finance) Kohsar Block, 46 Floor, Pak Secretariat (Privatization Commission) Islamabad, Pakistan.
  • Detail TOR is given below. you can also download it from privitization.gov.pk

TERMS OF REFERENCE
Consultant Financial Sector (Grade II)
Privatization Division
(Privatization Commission)

  1. Background:

    Privatization Commission (PC) a Body Corporate established under the Ordinance 2000 mandated to implement the privatization policy of the Federal
    Government and provides utilization of the proceeds of privatization for retirement of Federal Government debt and for poverty alleviation.
    In order to facilitate efficient and transparent privatization process congruent to the international best practices Privatization Commission engage or hire professionals for different posts according to the requirement and competitive market package. As per policy, privatization program is approved by the competent forums i.e. Cabinet Committee on privatization/Cabinet. A comprehensive regulatory framework on privatization is in place to ensure level
    playing field between SOEs and the potential buyers. For efficient Privatization process Privatization Commission believes to enhance its capacity by induction of competent/qualified resource with high standards of accountability and transparency to safeguard the national interest. Besides competency, the
    Commission attaches great importance to the transparency of the privatization process where the advisors/consultants are expected to avoid conflict of
    interest and disclose any business relationship with third parties interested in the outcome of the privatization. Amongst other professionals, Consultant
    Banking &Financial Market is one of the important positions required by the Commission with the following TORs

  2. Consultant Banking & Finance (Grade-II) Key responsibilities

    • Advise and facilitate hiring process of Financial Advisor to complete the transaction of PSEs.
    • Preparation of EOI and RFP documents for hiring of financial advisor and complete the process in accordance with Public Procurement Rules and international best practices.
    • To oversee and monitor the performance of the Advisor with a view to complete the privatization process in a transparent and efficient manner.
    • Foresee any risk factors likely to impede the transaction and suggest mitigation measure to the PC Management in a timely manner.
    • Participation in Departmental Accounts Committee (DAC) and Public Accounts Committee (PAC) meetings and assisting Principal Accounting the Office (PAO) and various audits report & audit matters.
    • To perform Industry and company analysis valuation and financial restructuring of companies.
    • To keep Liaison with Internal / External auditors and Government auditors,
    • To undertake financial analysis of properties/assets valuation carried out by Financial Advisors in respect of PSEs for perusal of the chairman/Secretary.
    • To perform analysis of balance sheet, including management of affairs of a particular transaction.
  3. Time frame and Supervision

    • The initial time of Contract will be for 2 years and is extendable on satisfactory performance and the requirement of the Commission. The Consultant is required to report the Secretary or Chairman of the Commission through Director General concerned.

  4. Qualifications and Experience

    • Qualified Chartered Accountant (CA) or equivalent / MBA (Finance) / M.Com / M.Sc. (Economics) from HEC recognized University.
      Experience: Should have post qualification relevant experience of at least 08 years Transaction Advisory Service or Corporate Finance experience including ECM / M&A / Valuation gained in Public or Private Sector Preferable with BIG-4 Accounting Firms or Large Commercial Banks.

  5. Remuneration

    • Competitive Market based salary package compatible to qualification and experience.

  6. Performance indicators

    • The consultant would be required to submit quarterly report on the prescribed format listing all activities (qualitative and quantitative nature) with outcomes for assessment of senior management.

  7. Service matters

    • Terms and conditions of service of the consultant shall be governed in accordance with prescribed Regulations/ SOPs and policies devised by the
      Privatization Commission.

  8. Age Limit

    • Up to 50 Years

TERMS OF REFERENCE
Consultant Legal (Grade III)
Privatization Division
(Privatization Commission)

Background:

Privatization Commission (PC) a Body Corporate established under the Ordinance 2000 mandated to implement the privatization policy of the Federal Government and provides utilization of the proceeds of privatization for retirement of Federal Government debt and for poverty alleviation.
In order to facilitate efficient and transparent privatization process congruent to the international best practices Privatization Commission engage and hire professionals for other positions as per requirement on competitive market package. As per policy, privatization program is approved by the competent forums i.e. Cabinet Committee on privatization / Cabinet. A comprehensive regulatory framework on privatization is in place to ensure level playing field between SOEs and the potential buyers. For efficient Privatization process Privatization Commission believes to enhance its capacity by induction of competent / qualified resource with high standards of accountability and transparency to safeguard the national interest. Besides competency, the Commission attaches great importance to the transparency of the privatization process where the advisors / consultants are expected to avoid conflict of interest and disclose any business relationship with third parties interested in the outcome of the privatization. Amongst other professionals, Legal consultant is one of the important positions required by the Commission with the following TORs

Legal Consultant (Grade III) Key Responsibilities.

  • Responsible to tender advice on all legal matters and privatisation transactions to the Management/Board of the Privatization Commission.
  • To interpret Government of Pakistan Rules & Regulations including but not limited to Financial Rules and Public Procurement Rules and other related legal instruments.
  • Preparation of EOI, RFP documents, for hiring of Financial Advisors and other consultancy services required by the Commission from time to time.
  • To assist in drafting of Share Purchase Agreements (SPA), and other transaction documents.
  • To facilitate implementation and negotiation of contracts with the Financial Advisors and buyers of the SOEs along with expertise in giving day to day legal opportunities on corporate & regulatory matters.
  • To defend litigation cases in the court of Law and draft comments/reply on behalf of the Commission.
  • Drafting legal instruments of corporate and transactional nature to ensure transparent privatization process.
  • To keep liaison with Government departments, Government owned Corporations and Courts.
  • Must be able to assist management while drafting SOPs and Manual in line with the Commission Ordinance 2000 and Regulations on recovery of sale proceeds and other operational and regulatory issues.
  • Streamline and evaluate ongoing litigation cases in different courts of Law with a view to strategize for expeditious disposals with optimum benefits of the organization.
  • Formulating proposals for alternative dispute resolution mechanism and implementing the finalized agreed solution.
  • Formulation of Rules / and Regulations in line with the Ordinance.
  • Keep update on all receivables and payables and suggest viable options including legal recourse to the Management.
  • To oversee / monitor performance of Lawyers / Legal consultants on the panel of the PC.
  • Any other matter assigned by the Management / Board.

Time frame and Supervision

  • The initial duration of Contract shall be for 2 years extendable on satisfactory performance and the requirement of the Commission. The Legal Consultant will report to the Director General concerned.

Qualifications and Experience

  • LLM from University or Institution recognized by the Higher Education Commission, with license to practice in the High Court in Pakistan Minimum two years experience of Transaction Advisory Services, corporate law practice in a public or private sector organization.

 Remuneration

  • Competitive Market based salary package negotiable compatible to qualification and experience.

Performance indicators

  • The consultant would be required to submit quarterly report on the prescribed format listing all activities (qualitative and quantitative nature) with outcomes for assessment of senior management.

Service matters

  • Terms and conditions of service of the consultant shall be governed in accordance with prescribed Regulations/ SOPs and policies devised by the Privatization Commission.

Age Limit

  • Up to 40 Years

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