ONGC Recruitment 2023: Oil & Natural Gas Corporation (ONGC) has invited job applications for the engagement of Director (Finance). Eligible and interested candidates can apply for the job before October 16. The Director (Finance) post in ONGC will fall vacant on February 1, 2024. Pomila Jaspal is currently serving as Director (Finance) in ONGC.
The Director (Finance) is a member of Board of Directors and reports to Chairman and Managing Director (CMD). He/She is in overall charge of finance and accounts functions of the organisation, and is responsible for evolving and formulating related policies and their implementation.
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 on the date of vacancy.
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 Group 'A' Officers including the Armed Forces of the Union and All India Services and officers from Public Sector Banks or Financial Institutions or Autonomous Bodies, etc;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 10,000 crore or more;
(d) Private Sector in 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.)
(i) The applicant should be a Chartered Accountant or Cost Accountant or a full time MBA or PGDM course with specialization in Finance with good academic record from a recognised university or institution. Preference would be given to Chartered Accountant.
(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) Further, applicants from the Central Govt./Armed Forces of the Union/All India Services, will also be exempted from the educational qualifications.
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.
(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 and 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) Group 'A' officers of the Central Government including All India Services (AIS) and Autonomous Bodies etc. should be holding a post of the level of Joint Secretary in Govt. of India or carrying equivalent scale of pay on substantive basis on the date of application.
(ii) Applicants from Public Sector Bank/ Financial Institutions should be holding at Board level or at least a post of the level immediately below the Board level for one year on the date of application.
(iii) 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 Navy/Air Force on the date of application.
Applicants from State Public Sector Enterprises/ 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 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 notification.