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DEPARTMENT OF PERSONAL AND TRAINING BOARD RECRUITMENT OF CHAIRMAN AND MANAGING DIRECTOR(PFC)


DEPARTMENT OF PERSONAL AND TRAINING BOARD RECRUITMENT OF CHAIRMAN AND MANAGING DIRECTOR(PFC)
Power Finance Corporation (PFC) was incorporated on 16.07.1986 with the objective to provide financial resources and encourage flow of investments to the power and associated sectors; to work as a catalyst for optimum utilization of available resource and to mobilize financial resources from domestic and international sources at competitive rates. PFC is a schedule 'A' Navratna CPSE in Financial Services sector under the administrative control of M/o Power. The company employed 598 regular employees (Executives 474, Non-executives 24) as on 31.3.2019. Its Registered and Corporate Offices are in New Delhi. The authorised and paid up capital of the Corporation was Rs. 11, 200 crore and Rs. 2640.08 crore respectively as on 31.03.2019. The Shareholding of the Government of India is 59.05%

Job Descriptions

name of cpse Post Name Remuneration Number of posts Essential Qualification JOB DESCRIPTION age limit
power finance corporation limited CHAIRMAN AND MANAGING DIRECTOR 200000-370000 1Applicant should be a graduate with good academic record from a recognized University/ Institution. Applicants with Technical/ MBA qualifications will have added advantage.The Chairman and Managing Director is the Chief Executive of the Company and accountable to its Board of Directors and Government/Share holders. He/She is responsible for the efficient functioning of the company, and for achieving its corporate objectives and performance parameters. His, responsibilities among other thing includes formulation of strategic vision for the business, developing business strategies and operating plans for short term and long horizons, ensuring standards of quality and performance, closely monitoring the operating and financial results against agreed plans and budgets, institutional Development of Power Utilities, effectively monitoring and overseeing the timely implementation of Government of India initiatives and schemes as it relates to the Corporation, systematic strengthening management at all levels – by recruitment, training, development, delegation and motivation45
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 5000 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 5000 crore or more.
EXPERIENCE
Applicants should possess adequate experience at a senior level of management in a large organisation of repute. Applicants with experience in Finance/ Marketing/ Production will have added advantage. Experience in Power Sector is desirable.
SUBMISSION OF APPLICATIONS
All applicants should send their applications as per the format. 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) 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 in which currently working for the 3 financial years preceding the calendar year in which the post is advertised (please provide URL or attach/enclose copies); (b) Whether the company is listed or not; if yes, the documentary proof (please provide URL or attach/enclose copies); (c) Evidence of working at Board level ; (d) Self-attested copies of documents in support of age and qualifications;



Start Date :29-6-2019

End date :6-9-2019

Official Notification

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