I. COMPANY PROFILE

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. Its Registered and Corporate Offices are in New Delhi. The authorised and paid up capital of the Corporation was Rs.2,000 crore and Rs.1320.04 crore respectively as on 31st March, 2016. The Shareholding of the Government of India is 67.80%.

II. JOB DESCRIPTION AND RESPONSIBILITIES

Director (Commercial) is a member of Board of Directors and reports to the Chairman-and- Managing Director. He/She assists CMD towards achievement of corporate vision and goals of the organization. His/her core functions are:

1. Institutional Development of borrower entities/state power utilities facilitating their reform and growth.
   
   
2. Effective system for appraisal of Public and Private power utilities.
   
   
3. Legal and Loan documentation. He is also currently responsible for:
   
   
4. Effective implementation of Govt. of India Flagship Programmes including IPDS & R-APDRP
   
   
5. Systematic strengthening of Human Resources and HR functions.
   
   
6. Effective implementation of IT systems.
   
   
7. CSR policy & its implementation.
   
   
8. Effective utilization of real estate and other assets owned by the Corporation, formulation of budget and policy for administrative and support services.
   
   
9. Effective implementation of Official Language Policy in the Corporation.
   
   

III. ELIGIBILITY

1. AGE : On the date of occurrence of vacancy (DOV)
   
   
2. EMPLOYMENT STATUS:
   
   

Age of superannuation 60 years
Internal			Others
Minimum	Maximum	Minimum		Maximum
45	2 years of residual service as on the date of vacancy w.r.t. the date of superannuation.	45		3 years of residual service as on the date of vacancy w.r.t. the date of superannuation.

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 functionalDirector 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.

(* 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)

3. QUALIFICATION:

The applicant should be a graduate with good academic recordfrom a recognised University/Institute

Applicants holding Technical/MBA qualification will have an added advantage.

4. EXPERIENCE:

The applicant should have at least five years of cumulative experience in Commercial/Financial/Institutional development aspects of power sector during the last ten years in an organization of repute.

5. PAY SCALE/ RANK/ LEVEL: The minimum length of service required in the eligible scale/rank/level will be one year for internal candidates, and two years for others as on the date of vacancy.

(a) Applicants from CPSEs should be working in the following or a higher pay scale:

Eligible Scale of Pay

1. Rs. 7250-8250 (IDA) Pre 01/01/1992
   
   
2. Rs. 9500-11500 (IDA) Post 01/01/1992
   
   
3. Rs. 20500-26500 (IDA) Post 01/01/1997
   
   
4. Rs. 51300-73000 (IDA) Post 01/01/2007
   
   
5. Rs. 18400-22400 (CDA) Pre-revised
   
   
6. Rs. 37400-67000 + GP 10000 (CDA)
   
   

(b)

i. Applicants from Central Govt. / All India Services should be holding a post of the level of Joint Secretary in Govt. of India or carrying equivalent scale of pay.

ii. Applicants from the Armed forces of the Union should be holding a post of the level of Major General in the Army or equivalent rank in Navy/Air Force.

(c) Applicants from State Public Sector Enterprises/ Private Sector should be working at Board level position or at least a post of the level immediately below the Board level.

6. CONDITION OF IMMEDIATE ABSORPTION FOR CENTRAL GOVERNMENT OFFICERS

Central Government Officers, including those of the Armed Forces of the Union and the All India Services, will be eligible for consideration only on immediate absorption basis.

IV. DURATION OF APPOINTMENT The appointment shall be for a period of five years from the date of joining or upto the date of superannaution or until further orders, whichever is earlier.

V. SUBMISSION OF APPLICATIONS

All applicants should send their applications as per the format .

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 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);

(b)

Whether the company is listed or not; if yes, the 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.

VI. UNDERTAKING BY THE APPLICANT

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.

1. For candidates from Central Government/Armed Forces of the Union/ All India Services

(a)

The appointment is on immediate absorption basis.

(b)

If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE.

(c)

Further, if a candidate conveys his/her unwillingness to join 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 for being considered for a Board level post in any CPSE.

2.For candidates from CPSE

a.

If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE other than the one to which the candidate belongs.

b.

Further, if a candidate conveys his/her unwillingness to join 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 for being considered for a Board level post in any CPSE other than the one to which the candidate belongs.

3. For candidates from SPSE/ Private Sector

a.

If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE.

b.

Further, if a candidate conveys his/her unwillingness to join 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 for being considered for a Board level post in any CPSE.

4. In the above cases, no request for relaxation or otherwise would be entertained.

VII. THE APPLICANTS CAN EITHER

(a)

fill up the Application Form online against this Job Description on the website of PESB -http://pesbonline.gov.in/ and thereafter forward it online, as specified in para V(1); Or

(b)

fill up the Application Form online against this Job Description on the website of PESB -http://pesbonline.gov.in/, take a printout and send it offline, as specified in para V(1).

Last time/date of receipt of complete application duly forwarded in PESB is by 15.00 hours on 07/11/2017. 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

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

ALL CORRESPONDENCE WITH THE PUBLIC ENTERPRISES SELECTION BOARD SHOULD BE ADDRESSED TO SECRETARY, PUBLIC ENTERPRISES SELECTION BOARD ONLY.