Post Name and Vacancy for Ministry of Finance Recruitment 2023:

As mentioned in the official notification of the Ministry of Finance Recruitment 2023, applications from qualified and interested candidates for the post of Whole-time Member (Distribution). There is only 01 available for the mentioned position.

Age Limitation for Ministry of Finance Recruitment 2023:

As given in the official notification of the Ministry of Finance Recruitment 2023, the applicant must have a minimum of two years of residual service as of the vacancy date, 04.03.2024, and must be under the age of 60 on that date. 

Qualification and Experience for Ministry of Finance Recruitment 2023:

In the accordance with the official notification of the Ministry of Finance Recruitment 2023, the required qualification and experience for the engagement of a consultant is mentioned below:

• Candidate must be a person of ability, integrity and standing who has a Post Graduate or a professional degree in the area of Management / Marketing / Consumer Affairs or any other discipline which would in the opinion of the Central Government be useful to the Authority.
• The applicant should preferably have at least 25 years experience in the relevant area, with a minimum of 03 years experience at a senior level, not below the rank of a Chief General Manager of the Reserve Bank of India or equivalent thereto in other financial institutions or regulatory bodies.

Elaborating Further-

• The applicant should preferably have at least 25 years of relevant work experience, leading to a senior executive or management position in the organisation concerned.
• An applicant government servant should preferably have worked at least at the level of Additional Secretary to the Government of India or its equivalent level in State Governments.
• An applicant public sector official should preferably have worked at a level which is at least one level immediately below the Board level.
• An applicant from the regulatory sector should preferably have worked at least as an Executive Director in the regulatory body.
• A private sector applicant should preferably have worked at the level of the functional head at a level which is at least one level immediately below the Board level.
• An applicant who is an academician should preferably have worked at least as a professor in the department or faculty concerned.
• An applicant who is a professional other than that falling in any of the aforesaid categories should preferably have experience and credentials in professional fields that are broadly equivalent to those referred to in clauses.
• The applicant should have a proven track record of leadership and authority in decision-making.

Salary for Ministry of Finance Recruitment 2023:

According to the official notification of the Ministry of Finance Recruitment 2023, the selected candidates will be paid a consolidated pay and allowances of the whole-time Member shall be Rs. 400000 per month, without the facility of house and car.

Place of Posting for Ministry of Finance Recruitment 2023:

According to the official notification of the Ministry of Finance Recruitment 2023, the selected candidates will be posted in in the Insurance Regulatory and Development Authority of India, Hyderabad.

How to Apply for Ministry of Finance Recruitment 2023:

According to the official notification of the Ministry of Finance Recruitment 2023, the qualifying and interested candidates’ applications duly filled in, together with the applicant’s curriculum vitae, one passport-size photograph and the names and contact details of 03 referees, should be sent in a closed cover, superscripted “Application for Whole-time Member (Distribution), Insurance Regulatory and Development Authority of India, Hyderabad”, to the Shri Vinod Kumar Under Secretary to the Government of India Department of Financial Service Ministry of Finance Room No. 10, Jeevan Deep Building, 2nd floor Sansad Marg, New Delhi – 110001 before the deadline. Applications received after the due date will not be considered.

The last date for submitting the application form for the mentioned position is 30-10-2023.