REC is looking to hire Director (Finance); apply before Nov 7

REC Recruitment 2023: REC Limited has release a job notification for the engagement of Director (Finance). Eligible and interested candidates can apply for the job before November 7. The Director (Finance) post in REC will fall vacant on February 1, 2023. Presently, Ajoy Choudhury is serving as Director (Finance) of REC Limited.

Director (Finance) is a member of the Board of Directors and reports to Chairman and Managing Director (CMD). He/She is overall in charge of the finance and accounts of the organisation and is responsible for evolving and formulating policies related 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 on the date of 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 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.

Educational Qualifications

(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 Organised 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. 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.

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 full advertisement.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)