Advt.No.

- 40/2023

No. : 7/21/2022-PESB

Dated : 25/09/2023

Rashtriya Ispat Nigam Limited

Director (Finance)

01.05.2023

Schedule A

Rs. 75000 - 100000

I. COMPANY PROFILE
Rashtriya Ispat Nigam Limited (RINL) was incorporated under the Indian companies Act, 1956 with
the objective to be a self supporting, growing company in production of steel with continuous
improvement in productivity, quality and consumer satisfaction. It is a Schedule 'A' Navratna CPSE
in Steel Sector, with the administrative jurisdiction of Ministry of Steel.
The company employed 14729 regular employees (Executives: 4818, and Non-Executives:9911)
as on 31.03.2023.
Its Registered and Corporate offices are at Visakhapatnam, Andhra Pradesh.
The authorized and paid up capital of the Company was Rs. 8000 crores and Rs. 4889.85 crores
respectively as on 31.03.2023.
The shareholding of the Government of India in the company is 100% as on 31.03.2023..
II. JOB DESCRIPTION AND RESPONSIBILITIES
Director(Finance) is a member of Board of Directors and reports to the Chairman-cum-Managing
Director. He is overall in charge of finance and accounts functions of the organization. He is also
responsible for formulation of policies relating to finance and accounts and implementation thereof.
III. ELIGIBILITY
1. AGE : On the date of occurrence of vacancy (DOV)

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 Age of superannuation 60 years

Internal Others

Minimum Maximum Minimum Maximum

2 years residual service as on 3 years residual service as on

2. 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 Group 'A' Officers including the Armed Forces of the Union and All
India Services and officers from Public Sector Banks/ Financial Institutions/ Autonomous
Bodies, etc;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs.5,000 crore or
more;
(d) Private Sector in company where the annual turnover is *Rs.5,000 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)
3. 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 Organized Group ‘A’ Accounts Services [i.e. 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 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 above
provided the applicants have ‘the relevant experience’ as stipulated under experience
criteria.
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.
4. 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.

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 (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.
5. PAY SCALE:

(a) Central Public Sector Enterprises-

(i) Rs. 7250-8250 (IDA) Pre 01/01/1992

(ii) Rs. 9500-11500 (IDA) Post 01/01/1992

(iii) Rs. 20,500-26,500 (IDA) Post 01/01/1997

(iv) Rs. 51300-73000 (IDA) Post 01/01/2007

(v) Rs. 120000-280000 (IDA) Post 01.01.2017

(vi) Rs. 18400-22400 (CDA) Pre-revised Post 01.01.1996

(vii) Rs. 37400-67000 + GP 10000 (CDA) Post 01/01/2006

(viii) 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.
(b)
(i) Group 'A' officers of the Central Government including All India Services (AIS) and
Autonomous Bodies etc. should be holding a post of the level of Joint Secretary in Govt. of
India or carrying equivalent scale of pay on substantive basis on the date of application.
(ii) Applicants from Public Sector Bank/ Financial Institutions should be holding at Board
level or at least a post of the level immediately below the Board level for one year on the date
of application.
(iii) 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 on the date of application.
(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 on the date
of application.
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 and officers from Public Sector Banks/ Financial Institutions/ Autonomous
Bodies etc., 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

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 superannuation or until further orders, whichever is earlier.
V. SUBMISSION OF APPLICATIONS
Applicants should submit their applications on-line only as per the format.
1. The applicants should submit their applications through proper channel as follows:
(a) Group 'A' Central Government Officers, including those of the Armed Forces of the Union and
All India Services; through Cadre Controlling authority.
(b) Officers from Public Sector Banks/ Financial Institutions/ Autonomous Bodies, etc: through their
Administrative Ministry/ Department of the Govt. of India.
(c) CMDs/MDs/Functional Directors in CPSE: through the concerned Administrative Ministry;
(d) Below Board level in CPSE: through the concerned CPSE;
(e) CMDs/MDs/Functional Directors in State PSE: through the concerned Administrative Secretary
and Cadre Controlling Authority, if any, of the State Government;
(f) Below Board level in SPSE: through the concerned SPSE.
(g) 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 or at least a post of the level immediately below the Board
level;
(d) Self-attested copies of documents.
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 including the Armed Forces of the Union
and All India Services and officers from Public Sector Banks/Financial Institutions/
Autonomous Bodies etc:
(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

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 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 only against this Job Description on the website of PESB -
https://pesb.gov.in/ and thereafter forward it online, as specified in para V(1);
Or
(b) fill up the Application Form online only against this Job Description on the website of PESB -
https://pesb.gov.in/, take a printout and send it offline, as specified in para V(1).

Total timeline for receipt of applications in PESB is 30 days from the date of publication of
advertisement in leading National Dailies. Last date for submission of applications by the
applicants is 23.10.2023. Last date for nodal officers to forward applications to PESB is
31.10.2023 . No application shall be entertained under any circumstances after the stipulated
date. Incomplete applications and applications received after the stipulated date shall be
REJECTED.
Board reserves the right to shortlist applicants for interview.

Applications are to be addressed to

Secretary,
Public Enterprises Selection Board, Public Enterprises Bhawan,
BlockNo. 14, CGO Complex, Lodhi Road, New Delhi-110003.

ALL CORRESPONDENCE WITH THE PUBLIC ENTERPRISES SELECTION BOARD SHOULD BE

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