IREL invites job applications for Director (Finance); apply before April 29

IREL Recruitment 2021: IREL (India) Limited has released a job notification through the PESB portal for the engagement of Director (Finance). Eligible and interested candidates can apply for the job before April 29. The post will fall vacant on January 1, 2022. Currently, AR Chowdhury is serving as Director (Finance) in the organisation.

Director (Finance) is a member of board of directors and reports to the Chairman and Managing Director (CMD). He/She is the head of corporate finance and accounts of the organisation and he/she is responsible for financial planning, budgeting and costing, preparation of financial statements in compliance with various commercial norms and statutory requirements, taxation, related MIS etc. He/she exercises overall financial control on all matters of financial importance to the company.

Pay scale: Rs 1,60,000 – 2,90,000 (IDA)

Age Limit: Minimum age limit 40 years and age of superannuation 60 years

The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of the vacancy.

Employment status 

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

(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 1,000 crore or more;
(d) Private Sector in the company where the annual turnover is *Rs 1,000 crore or more.
Preference would be given to candidates from listed companies.

(*The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)

Qualification

(i) The applicant should be a Chartered Accountant or Cost Accountant or a full-time MBA or PGDM course with a good academic record from a recognised university or institution.
(ii) Officers of organized Group 'A' Accounts Services [i.e. Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, Indian Civil Accounts Service, Indian P&T Accounts & Finance Service and Indian Cost Accounts Service] working in the appropriate level are exempted from these educational qualifications.
(iii) Applicants from the Central Govt./Armed Forces of the Union or All India Services, will also be exempted from the educational qualifications as per (i) above provided the applicants have 'the relevant experience

In respect of applicants from Organized Group 'A' Accounts Services/Central Government/Armed Forces of the Union/All India Services, Chartered Accountant/Cost Accountant/MBA/PGDM will be a desirable educational qualification.

Experience

(i) The applicant should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/ Corporate Accounts in an organisation of repute.
(ii) Applicants from Organized Group 'A' Accounts Services should have at least five years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/ Corporate Accounts.
(iii) 'The relevant experience' in respect of applicants from Central Government/Armed Forces of the Union/All India Services would include at least seven years of cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management/Corporate Accounts.

Note (i) Applicants from Central Government / All India Services should be holding a post of the level of Director in Government of India or carrying equivalent scale of pay on the date of application.
(ii) Applicants from the Armed forces of the Union should be holding a post of the level of Brigadier in the Army or equivalent rank in Navy/Air Force on the date of application.

Applicants from State Public Sector Enterprises or Private Sector should be working at Board level position or at least a post of the level immediately below the Board level on the date of application.

Duration of appointment

The appointment shall be for a period of five years from the date of joining or up-to-the date of superannuation or until further orders, whichever is earlier.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Telegram. Join PSU Watch Channel in your Telegram and stay updated)