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POSOCO 2020 Jobs Recruitment of Director Posts

Power System Operation Corporation (POSOCO) 2020 Jobs Recruitment.  POSOCO has released official notification for the job openings of Director vacancies. Check the eligibility and notification prior to apply for the positions.

Closing date is on :- 19th August, 2020. 

No.of Posts and Vacancies :-

Director - 01 Post

Job Location - New Delhi

Other Qualification Details :-

1. Qualification: (i) The applicant should be a Chartered Accountant or Cost Accountant or a full time MBA/PGDM course with good academic record from a recognized University/Institution.

(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 as per (i) above provided the applicants have the relevant experience as mentioned in Para 4(iii) below. 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.

2. 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 / Corporate Accounts Age of superannuation 60 years Internal Others Minimum Maximum Minimum Maximum 45 2 years residual service as on the date of vacancy w.r.t. the date of superannuation. 45 3 years residual service as on the date of vacancy w.r.t. the date of superannuation. in an organization 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/ 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.

3. Pay Scale: Rs. 180000-340000 (IDA).

4. Job Description and Responsibilities:  Director (Finance) is a member of the Board of Directors and reports to the Chairman and Managing Director. He is overall in charge of finance and accounts functions of the organization and is responsible for evolving and formulating finance policies.

5. 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 1500 crore or more.

(d) Private Sector in company where the annual turnover is Rs 1500 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).

6. Duration of 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.

Age: Minimum: 45 Years, Maximum: 2 years residual service as on the date of vacancy w.r.t. the date of superannuation, 3 years residual service as on the date of vacancy w.r.t. the date of superannuation.

Address  :-

Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi-110003.

Selection Process :-

Selection Will be Based either Written Exam/Interview

Steps to Apply :-

i) Last time/date of receipt of complete application duly forwarded to PESB is by 15.00 hours on 19/08/2020. No application shall be entertained under any circumstances after the stipulated time/date. Incomplete applications and applications received after the stipulated time/date shall be REJECTED. Board reserves the right to shortlist applicants for interview. Applications are to be addressed to Smt Kimbuong Kipgen Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, BlockNo. 14, CGO Complex, Lodhi Road, New Delhi-110003.

ii) All applicants should send their applications as per the format at Annexure. 1. The applicants should submit their applications through proper channel as follows:

(a) Government Officers, including those of the Armed Forces of the Union and All India Services: through Cadre Controlling authority.

(b) CMDs/MDs/Functional Directors in CPSE: through the concerned Administrative Ministry.

(c) Below Board level in CPSE: through the concerned CPSE.

(d) CMDs/MDs/Functional Directors in State PSE: through the concerned Administrative Secretary and Cadre Controlling Authority, if any, of the State Government.

(e) Below Board level in SPSE: through the concerned SPSE.

(f) Private Sector: directly to the PESB.

2. Applicants from Private Sector must submit the following documents along with the application form:

(a) Annual Reports of the Company for the last 3 years preceding the calendar year in which the post was advertised (please provide URL or attach/enclose).

(b) Whether the company is listed or not; if yes,documentary proof (please provide URL or attach/enclose).

(c) Evidence of working at Board level or at least a post of the level immediately below the Board level.

(d) Self-attested copies of documents in support of age and qualifications.

(e) The relevant Jobs handled in the past with details.

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