Indian Railway Finance Corporation Limited (IRFC) recruits Director (Finance) – August 26, 2014

Indian Railway Finance Corporation Limited (IRFC) invites application for the recruitment of Director (Finance) with CA/MBA holders

Company name : Indian Railway Finance Corporation Limited (IRFC)
Posts : Director (Finance)
Qualification : CA/MBA
Salary : Rs.75,000 – 1,00,000/- p.m
No of Openings : 01
Location : New Delhi
Last date to apply : 02/9/2014

Details of Post :

Director (Finance)

  1. The Public Enterprises Selection Board (PESB) is seeking qualified candidates for the post of Director (Finance), INDIAN RAILWAY FINANCE CORPN. LTD. in schedule “A” of the CPSE, the scale of pay of the post being Rs.75,000 – 1,00,000/- (revised). A copy of the job description for the post is enclosed.
  2. It is requested that names of candidates seniority-wise who are found suitable for the said post as per the requirements indicated in the job description alongwith their up-to-date bio-data (in the prescribed form) duly endorsed may kindly be forwarded to PESB by 02nd September, 2014. It is also requested that advance action may be taken to keep the ACRs for last 5 years, of those candidates ready alongwith their latest vigilance profile [(i) penalty imposed, if any during the last 10 years (ii) details of disciplinary action initiated/being initiated if any, etc.] to be furnished as and when the selection meeting is scheduled.
  3. In case the relevant details are not received within the stipulated time, it will be assumed that there are no eligible candidates to be sponsored for the post.


AGE: On the date of occurrence of vacancy:

  1. Minimum 40 years.
  2. Not more than 58 years for internal candidates and not more than 57 years for others.The age of superannuation is 60 years.

QUALIFICATION AND EXPERIENCE:The incumbent should be a Cost Accountant/Chartered Accountant/MBA with specialization in Finance with good academic record from a recognized university/institution. He should have experience at a senior level in corporate financial management and accounts including Cost and Budgetary Control, Institutional Finance, Working Capital Management in an organization of repute. Minimum qualification is relaxable in the case of internal candidates and Government officers with relevant and adequate background and experience.

PAY SCALE: (a) Central Public Sector Executives.Executives holding posts in the pay scale of:

  1. Rs. 6250-7475 (IDA)
  2. Rs. 8250-10050 (IDA) POST 01.01.1992
  3. Rs. 18500-23900 (IDA) POST 01.01.1997
  4. Rs. 43200–66000 (IDA) Post 01.01.2007
  5. Rs. 14300-18300 (CDA)
  6. Rs. 37400–67000 + GP Rs. 8700 (CDA)

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.(b) Government OfficersGovernment officers of the level of Director in Govt. of India or on equivalent scale of pay or officers of the level of Brigadier in the Army or equivalent rank in Navy/Air Force on the date of application will be eligible for consideration on immediate absorption basis.

DURATION OF APPOINTMENT : The appointment shall be for a period of five years or upto the date of superannuation whichever is earlier.

SUBMISSION OF APPLICATIONS : Prospective candidates from the Central Public Sector and Government officers shall send their applications, through proper channel, in the format at Annexure I.The applications for various categories of the officers are routed THROUGH PROPERCHANNEL AS FOLLOWS:

  1. for Government Servants: through Cadre Controlling authority.
  2. for CMD/MD/Director in Central PSE: through the concerned administrative Ministry.
  3. for below Board level in Central PSE: through the concerned CPSE.


  1. Candidate has to submit his/her willingness for the post at the time of interview itself clearly stating that he/she will join the post, if selected. If any candidate, does not initially give his/her willingness, he/she will not be interviewed.
  2. If any of the candidates who appeared for the interview and is selected by the PESB, gives his/her unwillingness after the interview is held, but before the appointment is processed, would be debarred for a period of two years for being considered for a Board level post in any PSE other than the one to which the candidate belongs.
  3. If any candidate gives his/her unwillingness after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment from being considered for a Board level post in any PSE other than the one to which the candidate belongs.
  4. In the above cases, no request for relaxation or otherwise would be entertained.


  1. Annexure-I may be downloaded from the website of PESB.
  2. Last date of receipt of applications in PESB is 02nd SEPTEMBER, 2014. No application shall be entertained under any circumstances after the stipulated date.
  3. Board reserves the right to shortlist candidates for interview.
  4. Applications are to be addressed to Shri Rajiv Rai, Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003.

Important dates to remember :

Last date to apply : 02/9/2014

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