Govt invites job applications for Member (Finance) of DVC; click for details

Ministry of Power has invited job applications for the post of Member (Finance) of Damodar Valley Corporation (DVC); Eligible candidates can apply for the job before Jan 25
Govt invites job applications for Member (Finance) of DVC; click for details

DVC Recruitment 2020: Ministry of Power has invited job applications for filling up the post of Member (Finance) in Damodar Valley Corporation (DVC) on deputation basis. Officers working in Central Public Sector Enterprises (CPSEs)/ Central Government/ State Government/ Union Territories/ All India Services including Armed Forces Personnel can apply for the job. The appointment will on deputation basis for a period of five years from the date of assumption of the charge of the post or until the date of superannuation, whichever is earlier.

Name of the organisation: Damodar Valley Corporation (DVC)

Name of the Post: Member (Finance)

Pay Scale: Rs. 1,80,000-3,40,000 + admissible allowances (IDA pattern)

Place of Posting: Kolkata

Minimum age limit: 45 years

Maximum age limit: 55 years

Method of recruitment: The post will be filled on deputation basis through the Search-cum Selection Committee (SCSC) with the approval of Appointments Committee of the Cabinet (ACC).

Job description and responsibilities

Member (Finance) will be a member of the Board of Directors and report to the Chairman of DVC. He will be overall in charge of all financial, commercial, accounts, audit matters of the organisation and responsible for evolving and formulating financial policies. He will be responsible for arranging finance, advising in matters of contracts, capacity utilization, marketing of electric power, realization of power sold and expansion of markets through formulation and implementation of sound corporate market policies including PPA, commercial strategies and guidelines in line with corporate objectives and goals and promote a healthy relationship with customers and other stake holders.

Employment status

The applicant, on the date of application, as well as on the date of interview, must be employed in a regular capacity, and not in a contractual/ad-hoc capacity, as one of the followings:-

(a) An officer of a Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) An officer of the Central/a State Government/a UT Administration including the Indian Armed Forces;
(c) An officer of DVC.

Qualification & experience

(a) Government officers holding post in level-14 (Rs 1,44,200 – 2,18,200) in the pay matrix in the government or officers in equivalent level in the pay matrix;
or
(b) Central Public Sector Executives holding post in the scale of Rs 1,20,000 – 2,80,000 with Industrial Dearness Allowance or level-14 (Rs 1,44,200 – 2,18,200) in the pay matrix with Central Dearness Allowance with two years of service;
or
(c) Officers of Damodar Valley Corporation holding post in level-14 (Rs. 144200-218200) in the pay matrix with one year of service.
(d) The applicant shall be a Cost Accountant/Chartered Accountant/MBA with specialisation in Finance from a recognised university or institution having experience of working at a senior level in Corporate Financial Management and Accounts including Costs and Budgetary Control, Institutional Finance, Working Capital Management in an organisation of repute.

Duration of the appointment

The appointment shall be for a period of five years or till the incumbent attains the age of superannuation, whichever is earlier.

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