IPRCL Invites Application for Director Recruitment 2022

Vacancy Circular No:

Indian Port Rail Corporation (IPRCL)
invites applications for recruitment of Director

Director

Number of Vacancy: 1 Posts

Educational Qualification: CA, MBA/PGDM

Indian Port Rail & Ropeway Corporation Ltd (IPRCL) was incorporated under the Indian Companies Act ,2013 on 10.07.2015 with the main objective to undertake last mile rail connectivity project to Major ports, modernisation of rail infra in ports and manage internal port Railway system services and consultancy services in India and abroad in mainly in the fields of railway, ROBs, Roads, Ropeway other multi-model transports infra. IPRCL is a schedule 'B' equivalent JV company under Ministry of Ports, Shipping and Waterways.

1. Position : Director (Finance)

2. Scale of the Post: Rs. 160000-290000 (IDA)

3. Job Description And Responsibilities: Director (Finance) is a member of the Board of Directors and reports to Managing Director. He/She is overall in-charge of finance and accounts of the organisation and is responsible for evolving and formulating policies relating to finance and accounts as well as implementation thereof.

4. Employment Status: The applicant must, on the date of application, as well as on the date of interview, be employed in a regular or minimum three years in contractual capacity — not in an ad-hoc capacity — in one of the followings.

(a) Central Public Sector Enterprises (CPSE) / Major Ports/ Special Purpose Vehicles (SPV)/Joint Venture (JV) Companies promoted by Government and/or Government Organizations (including a full-time functional Director in the Board ofa CPSE/SPV and/or JV company promoted by Government and/or Government Organisation).

(b) Central Government including the Armed Forces of the Union and All India Services:

(c) State Public Sector Enterprises (SPSE) where the annual turnover is *Rs. 250 crore or more.

(d) Private Sector in company where the annual turnover is *Rs.250 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.)

5. Qualification: 

(i) The applicant should be a Chartered Accountant or Cost Accountant or a full time MBA/PGDM course with specialization in Finance with good academic record from a recognized University/Institution.Preference would be given to Chartered Accountant.

(ii) Officers of organised Group 'A' Accounts Service (i.e Indian Audit and Accounts Service, Indian Defence Accounts Service, Indian Railway Accounts Service, India 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.

6. 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 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

7. Pay Scale: ((a)Central Public Sector Enterprises Eligible Scale of Pay

Rs. 51300-73000/- (post 01.012007 scale) with Industrial DA Rs. 120000- 280000/- (post 01.01.2017 scale) with Industrial DA Rs. 18400-22400 with Central DA (pre-revised) post 01.01.1996 Rs. 37400-67000 with Grade Pay of Rs.10,000/- Central DA post 01.01.2006 Rs. 144200-218200 (Level 14) CDA post 01.01.2016

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.

i) Applicants from Central Government / All India Services should be holding a post of the level of Director in Government of India or carrying equivalent scale of pay for minimum 2 years on the date of application.

ii) Applicants from Armed Forces of the Union should be holding a post of the level of Brigadier in the Army or equivalent rank in Navy/Air Force for minimum 2 years on the date of application.

Applicants from State Public Sector Enterprises / Private Sector should be working / worked for minimum 2 years at Board level position or holding a post immediately below the Board level for at least 2 years on the date of application.

8. 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.