PFC posts job vacancy for CMD; apply before September 7

PFC Recruitment 2022: Maharatna power PSU, Power Finance Corporation (PFC) has posted a job vacancy through the PESB portal for the engagement of Chairman & Managing Director (CMD). Eligible and interested candidates can apply for the job before September 7, 2022. Ravinder Singh Dhillon is current CMD of PFC.

The Chairman and Managing Director is the Chief Executive of the Company and accountable to its Board of Directors and government and share-holders. He/She is responsible for the efficient functioning of the company, and for achieving its corporate objectives and performance parameters. His/her responsibilities, among other things, include formulation of strategic vision for the business, developing business strategies and operating plans for short term and long term horizons, ensuring standards of quality and performance, closely monitoring the operating and financial results against agreed plans and budgets, institutional Development of Power Utilities, effectively monitoring and overseeing the timely implementation of Government of India initiatives and schemes as it relates to the Corporation, systematic strengthening management at all levels – by recruitment, training, development, delegation and motivation

Pay scale: Rs 1,80,000 – Rs 3,20,000 (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 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 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

Applicants should possess adequate experience or exposure at a senior level of management in a large organisation of repute.

Applicants with experience at senior level in Finance will have added advantage. Experience in Power Sector is desirable.

(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 upto the date of superannuation or until further orders, whichever is earlier.

Click here to read the official notification.

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