IOCL Recruitment 2022: Salary up to Rs. 3.40 Lac P.M., Check Post, Eligibility and How to Apply

IOCL Recruitment 2022: The Public Enterprises Selection Board (PESB) has sought Applications from Experienced Competent and Qualified Chief Executive Professionals Eligible for Appointment to the Post of Director (Finance) in Indian Oil Corporation Limited (IOCL). Indian Oil Corporation Limited has its Registered and Corporate Offices in Mumbai and New Delhi.

The Applicant on the Date of Application, as well as on the Date of an Interview, must be in Employment in a Regular Capacity – and not in a Contractual/Ad-hoc Capacity in the Following Concerns

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 10000 Crore or more; d) Private Sector in Company where the Annual Turnover is *Rs 10000 Crore or more.

Intending Competent Professionals duly satisfying the Eligibility in all respects in reference to notified PESB issued IOCL Recruitment Notification 2023 for the Director (Finance) Post are Willing to submit respective Candidatures may apply as per the Instructions and the Crucial Date. 16th January 2023 (16.01.2023)  for the Chief Executives to complete the Application Process as mentioned in the Public Enterprises Selection Board Notification for IOCL Recruitment 2022 for Appointment of Director (Finance).

The Eligible Applicants should apply in both Online and Offline Modes via the PESB Online Recruitment Application Portal as explained in the subsequent Part;

i) Fill up the Application Format Online only against the Job Description (Director-Finance);

ii) Fill up the Application Form Online and take a Printout of the Online Application. Annex all the Testimonials with the ORA Printout to be dispatched through Registered Post with Acknowledgment Due or Speed Post.

Selection Criteria: The Inventive Competency honed Applicant Professionals with an intact Primary Vision committed toward contributing to boosting the all-round growth of Schedule ‘A’ Indian Oil Corporation Ltd stand immense Potential for Appointment for Director (Finance) Post in Indian Oil Corporation Ltd. Indian Oil Corporation Limited is a Schedule ‘A’ Central Public Sector Enterprise (CPSE). There is 01 Vacancy for the Director (Finance) Post to be filled in Indian Oil Corp. Ltd. The Date of occurrence of the Vacancy in respect of the Appointment for Director (Finance) dates 3rd October 2022 (03.10.2022).

The Public Enterprises Selection Board will accord Due Preference to the Candidates serving or having rendered their respective services in any of the Listed Companies.

Appointment Tenure: Post-Selection Appointment the Tenure of the Incumbent as Post of Director (Finance) shall remain 05 (Five) Years from the Date of Joining or up to the Date of Superannuation or until further Government Orders, Whichever be Earlier.

Central Public Sector Enterprise: Eligible Pay Scale for the Personnel detailed hereunder:

The Incumbent Post-Appointment as Director (Finance) will be paid the Remuneration as per the Eligibility Pay Scale mentioned in the subsequent Lines.

i) Pre 01.01.1992: Rs.7250 to Rs. 8250 (IDA); ii) Post 01.01.1992: Rs.9500 to Rs.11500 (IDA); iii)Post 01.01.1997: Rs.20500 to Rs.26500 (IDA); iv) Post 01.01.2007: Rs.51300 to Rs.73000 (IDA); v) Post 01.01.2017: Rs.120000 to Rs. 280000 (IDA); vi) Pre-Revised Post 01.01.1996: Rs.18400 to Rs.22400 (CDA); vii) Post 01.01.2006: Rs.37400 to Rs.67000 Plus GP 10000 (CDA); viii) Post 01.01.2016: Rs.144200 to Rs.218200 (Level 14) (CDA)

Note: Eligible Applicants, who in the event of Selection to the Post of Director (Finance) may be spared for Appointment should apply through “Proper Channel” (i.e., No-Objection Certificate issued by the Forwarding Authority/the Head of Department)/the Cadre Controlling Authority with the Testimonials including the Confidential Report (CR) Dossier issued Countersigned Annual Confidential Reports (ACRs)/Annual Performance Appraisal Reports (APARs), Vigilance Clearance, Discipline and Discipline & Appeal Rules (D&ARs) and all other Mandatory Documents in the shape of Self-attested Testimonials as has been notified in the PESB Recruitment Notification 2022 for Appointment to the Post Director (Finance) in Indian Oil Corporation Limited to be enclosed in an Envelope superscripted as “Application for the Post Director (Finance) in IOCL”.

Indian Oil Corporation Limited, a Schedule ‘A’ Company, is a Central Public Sector Enterprise with its Registered and Corporate Offices in Mumbai and New Delhi respectively. Indian Oil Corporation Limited, as on 31st March 2022 employed 31254 Regular Employees comprising 17929 Executives and 13325 Non-Executives].

Check the Below-Given Eligibility Details for IOCL Recruitment 2022

Recruitment Agency: Public Enterprises Selection Board, Department of Personnel & Training

Employer CPSE: Indian Oil Corporation Ltd. (Schedule ‘A’)

Employment Opportunity: Regular Employment

Designated Post Nomenclature: Director (Finance)

Date of Occurrence of Vacancy: 03.10.2022

Pay Scale: Rs.1.80 Lac up to Rs.3.40 Lac Per Month (IDA)

Eligibility: The Professionals should take note as follows

Superannuation Age Limit: 60 Years (As on Date of Occurrence of the Vacancy; i.e., 03.10.2022)

I) For Internal Candidates: Minimum 45 Years and Maximum 02-Years’ Residual Service as on the Date of Occurrence of the Vacancy (i.e., 03.10.2022) in reference to the Date of Superannuation.

II) For Other Candidates: Minimum 45 Years and Maximum 03-Years’ Residual Service as on the Date of Occurrence of the Vacancy (i.e., 03.10.2022) in reference to the Date of Superannuation.

Note: The Minimum Length of Services essential in the Eligible Pay Scale for the Post Director (Finance) is 01 (One) Year in regard to the Internal Personnel and as regards Others (External) is 02 (Two) Years As on 3rd October 2022 (03.10.2022).

Essential Qualifications:

Education: i) The Applicant should be a Qualified Chartered Accountant or Cost Accountant or a Full-Time MBA/PGDM Course with a Specialization in Finance and a Good Academic Record from any Duly Recognized University/Institution. The Chartered Accountant would be given Preference.

ii) Officers of Organized Group ‘A’ Accounts Services [viz., 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 at the Appropriate Level remain Exempted from these Educational Qualifications.

iii) Also the Applicants from the Central Government/Armed Forces of the Union/All India Services, will also be exempted from the Educational Qualifications.

In respect of Applicants from the Organized Group ‘A’ Accounts Services/Central Government/Armed Forces of the Union/All India Services, Chartered Accountant/Cost Accountant/MBA/PGDM is a Desirable Educational Qualification

Desirable: The Applicant should have Minimum 05-Years’ Preceding 10 (Ten) Years’ Aggregate (Cumulative) Serving Experience at a Senior Management Level in any Organisation of Repute.

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Other Essential Eligibility Conditions:

A.1) The Applicants from the Central Government/All India Services should be holding a Post of the Level of a Joint Secretary in the Government of India or be carrying an Equivalent Pay Scale on the Closing Date of Online Application (16.01.2023).

2) The Applicants from the Armed Forces of the Union Government of India should be holding a Post of the Level of Major General in the Army or Equivalent Rank in the Indian Navy/Indian Air Force on the Last Date of Online Application.

B) The Applicants from the State Public Sector Enterprises (SPSE)/Private Sector (PS) should be serving in the Board Level Position Or be holding a Minimum Post of the Level immediately down below the Board Level on the Online Application End Date.

Conditions Of Immediate Absorption For the Central Government Officers:

The Central Government Officers, including those of the Armed Forces of the Union and the All India Services, are Eligible for consideration only on an Immediate Absorption Basis.

How to Apply to the PESB for IOCL Recruitment 2022

Step 1: Log on to The Public Enterprises Selection Board Weblink.

Step 2: Apply Online by Clicking on the Online Recruitment Application Link.

i) Fill up the Application Form Online only against the Job Description (JD) on the Public Enterprises Selection Board (PESB) Website and post-completion of the Online Registration/Application process forward it Online only. Or

ii) Fill up the Application Form Online only against the Job Description (Director-Finance).

iii) Take the Online Application’s Printout and the Application clubbed with the Self-attested Documents including essential Testimonials (put into an Envelope super-scribed “Application for the Post of Director (Finance) in IOCL” (for Dispatch through RPAD/Speed Post) addressed to The Secretary, The Public Enterprises Selection Board, to Mrs. Kimbuong Kipgen, Secretary, Public Enterprises Selection Board, Public Enterprises Bhawan, Block No. 14, CGO Complex, Lodhi Road, New Delhi 110 003.

Click Here to Read IOCL Recruitment Notification 2022