POSOCO Recruitment 2020: Power System Operation Corporation (POSOCO), a PSU under the Ministry of Power, has released a job notification for the post of Director (Finance). Eligible candidates can apply for the job before August 19. The post will fall vacant on May 1, 2021.
Director (Finance) is a member of the Board of Directors and reports to the Chairman and Managing Director (CMD). He/She is overall in charge of finance and accounts functions of the organization and is responsible for evolving and formulating finance policies.
Pay scale: Rs 1,80,000/- 3,40,000/- (IDA)
Age Limit: Minimum age limit 45 years and age of superannuation 60 years
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 1500 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 1500 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)
(i) The applicant should be a Chartered Accountant or Cost Accountant or a full-time MBA/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/All India Services, will also be exempted from the educational qualifications
(iii) In respect of applicants from organised 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 cumulative experience at a senior level during the last ten years in the area of Corporate Financial Management or 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.
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