• Director (Finance) vacancy in Power Finance Corporation Limited

    pfcNo. 7/24/2016-PESB
    Government of India
    Department of Personnel & Training
    Public Enterprises Selection Board
    Block No.14, C.G.O. Complex, Lodhi Road
    New Delhi – 110003

    • The Public Enterprises Selection Board (PESB) is seeking qualified candidates for the post of Director (Finance), Power Finance Corporation Limited 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 of the post is enclosed.
    • It is requested that names of candidates seniority-wise who are eligible as per job description for the said post along with their up-to-date bio-data (in the prescribed form) duly endorsed may kindly be forwarded to PESB by 22nd July, 2016. It is also requested that advance action may be taken to keep the ACRs for last 5 years, of those candidates ready along with 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.

    1.Name of the PSUPower Finance Corporation Limited (PFC)
    Name of the post- Director (Finance)
    Scale of the post- 75,000—1,00,000/

    Power Finance Corporation Ltd.(PFC) was incorporated under the Companies Act, 1956, on 16th July, 1986 and was declared Public Financial Institution under Section 4(a) of the Companies Act, 1956. PFC has been registered with RBI as Non-Banking Financial Company – Infrastructure Finance Company (NBFC-ND-IFC). PFC has been conferred the status of Navratna PSU by Government of India in June,


    Director (Finance) is a member of Board of Directors and reports to the Chairman and Managing Director. He is overall in charge of financial and accounting functions of PFC and is responsible for evolving, formulating and implementing finance policies of the corporation.


    • The incumbent should be a Cost Accountant/ Chartered Accountant/ MBA with specialization in Finance with good academic record from a recognized university/institution.
    • Minimum qualification can be relaxed in the case of internal candidates and Government officers with relevant and adequate background and experience.


    The incumbent should have at least two years of cumulative experience during the last ten years at a senior level in financial management and accounts including Cost and Budgetary Control, Institutional Finance, Working Capital Management, in an organization of repute.


    • An applicant has to give an undertaking as a part of the application that he/she will join the post, if selected. If an applicant does not give such undertaking, the application would be rejected.
    • If a candidate who appeared for the interview and is selected by the PESB, conveys his/her unwillingness to join after the interview is held, but before the appointment is processed, he/she would be debarred for a period of two years from the date of interview from being considered for a Board level post in any CPSE other than the one to which the candidate belongs.


    Annexure may be downloaded from the website of PESB. Last date of receipt of applications in PESB is 22nd July, 2016. No application shall be entertained under any circumstances after the stipulated date. Incomplete applications and applications not submitted as per the prescribed format are liable to be REJECTED. Board reserves the right to shortlist candidates for interview.

    Last Date: 22-07-2016

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