Indian Oil invites job applications for Director (Finance); details here

Indian Oil has invited job applications for the post of Director (Finance). Eligible and interested candidates can apply for the job before January 16

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Indian Oil invites job applications for Director (Finance); details here

Indian Oil Recruitment 2022: Maharatna oil PSU Indian Oil Corporation Limited (IOCL) has released a job notification for the engagement of the Director (Finance). Eligible and interested candidates can apply for the job before January 16, 2023. The post will fall vacant on October 3, 2023. Presently, Sandeep Kumar Gupta is serving as Director (Finance) in Indian Oil.

Director (Finance) is a member on the Board of Directors and reports to the Chairman and Managing Director. He/She is overall in charge of finance, accounts and funds management of the organisation and is responsible for evolving and formulating policies relating to finance and accounts as well as implementation thereof.

Pay scale: Rs 1,80,000 – Rs 3,40,000 (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 10,000 crore or more;
(d) Private Sector in a company where the annual turnover is *Rs 10,000 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)

Educational Qualification

(i) The applicant should be a Chartered Accountant or Cost Accountant or a full-time MBA or PGDM course with a specialisation in finance and with the good academic record from a recognised university or institution. Preference would be given to Chartered Accountants.

(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. or Armed Forces of the Union or All India Services, will also be exempted from the educational qualifications

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

Work 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 or 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 or Armed Forces of the Union or 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 or Corporate Accounts.

Note (i) Applicants from Central Government or All India Services should be holding a post of the level of Joint Secretary in the Government of India or carrying an 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 Major General in the Army or equivalent rank in the Navy or Air Force on the date of application.

Applicants from State Public Sector Enterprises or Private Sector should be working at a Board level position or at least a post of the level immediately below the Board level 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 read the official advertisement.

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