PFC invites job applications for Director (Commercial); apply before April 16

PFC Recruitment 2021: Navratna power PSU Power Finance Corporation (PFC) Limited has posted a job vacancy through the PESB portal for the engagement of the Director (Commercial). Eligible and interested candidates can apply for the job before April 16. The post will fall vacant on February 1, 2022. Currently, Praveen Kumar Singh is serving as Director (Commercial) in the company.

Director (Commercial) is a member of the board of directors and reports to the Chairman and Managing Director (CMD). He/She assists CMD towards achievement of the corporate vision and goals of the organisation. His/her core functions are:-

1. Institutional Development of borrower entities/state power utilities facilitating their reform and growth.
2. Effective system for appraisal of Public and Private power utilities.
3. Legal and Loan documentation.

He is also currently responsible for:

4. Effective implementation of governments flagship programmes including IPDS & R-APDRP
 5. Systematic strengthening of Human Resources and HR functions.
 6. Effective implementation of IT systems.
 7. CSR policy & its implementation.
 8. Effective utilization of real estate and other assets owned by the corporation, formulation of budget and policy for administrative and support services.
 9. Effective implementation of official language policy in the corporation.

Pay scale: Rs 1,80,000 – 3,40,000 (IDA)

Age Limit: Minimum age limit 45 years and age of superannuation 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 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 5,000 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 5,000 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)

Qualification

The applicant should be a graduate with good academic record from a recognised university or institute.
Applicants holding Technical or MBA qualification will have an added advantage.

Experience

The applicant should have at least five years of cumulative experience in commercial or financial or institutional development aspects of power sector during the last ten years in an organisation of repute.

Duration of 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. 

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