IRFC Recruitment 2023: Indian Railway Finance Corporation (IRFC) has invited job applications for the engagement of Chairman & Managing Director (CMD). Eligible and interested candidates can apply for the job before July 7. The post will fall vacant on January 1, 2024.
The Chairman and Managing Director (CMD) is the chief executive of the Company and accountable to its board of directors and government and shareholders. He/She is responsible for efficient functioning of the company and for achieving its corporate objectives and performance parameters. His/her key responsibilities, among other things, include providing leadership and vision to the company, developing business strategies and operating plans for both short-term and long-term horizon, explore new business avenues for future growth of the company, active engagement with stakeholders - both internal and external to the organisation, expand the skill base of employees in the company.
Pay scale: Rs 2,00,000 – Rs 3,70,000 (IDA)
Age Limit: Minimum age limit is 45 years and the age of superannuation is 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 of 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 2000 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 2000 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)
Educational Qualifications
The applicant should be an engineering graduate or chartered accountant or cost accountant or post-graduate or graduate with MBA or PGDIM from a leading institute.
Work experience
The applicant should possess cumulative experience or exposure for at least five years during the last 10 years in finance or business development or operations or mMarketing or project management in a large organisation of repute.
The experience in the railway sector, in financial accounting including lease accounting & company practices is a desirable experience.
Note (i) Applicants from Central Government or All India Services should be holding a post of the level of Additional Secretary 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 Lt. General in the Army or equivalent rank in Navy or Air Force on the date of application.
Applicants from State Public Sector Enterprises or Private Sector should be working at Board level position on the date of application.
Duration of the 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.
Click here to download official notification.
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