Inviting nominations for the position of Director (Finance), from the employees of Oil Marketing Companies (OMCs), on deputation.
Nominations are invited for the position of Director (Finance) in PPAC from Oil Marketing Companies (OMCs) i.e. IOC, BPC and HPC on deputation basis.
Applicants with relevant qualifications and experience as mentioned in the job requirements may apply in the given format through Corporate HR department of the company.
Job requirements for the position of Director (Finance), PPAC
|
1
|
Name of the Post
|
Director (Finance)
|
|
2
|
Scale of pay
|
Rs.51300-73000
|
|
3
|
Grade
|
G equivalent to IOC
|
|
4
|
Age limit
|
Below 55 years
|
|
5
|
Education and other qualifications required for the post
|
CA/ICWA/MBA(Finance)
|
|
6
|
Job Requirement
|
The incumbent shall be the Head of Finance Division.
The specific assignments involve the following major activities:-
-
i. Provide assistance to MoP&NG/ Director General, PPAC on matters relating to pricing/ subsidy/ under recovery of petroleum products.
-
ii. Render assistance/ inputs to various committees/ expert groups set up by Government.
-
iii. Finalize financial statements and budget of PPAC.
-
iv. Analysis of quarterly financial performance of OMCs and liaison with OIDB.
-
v. Reply to Parliament questions and briefing MoP&NG on pricing related matters.
-
vi. Assist MoP&NG in legal issues/ court cases & arbitration involving pricing of petroleum products.
|
|
7
|
Experience
|
Minimum 15 years of relevant experience in various functions of Finance Department.
|
|
8
|
Period of Deputation
|
5years
|
|
9
|
Method of recruitment
|
Deputation from PSU OMCs
|
|
10
|
Place of Posting
|
PPAC, New Delhi
|
TERMS FOR DEPUTATION FROM OIL & GAS COMPANIES TO PPAC
-
1. The period of deputation to PPAC shall be in the pattern of 5+2 years and will commence from the date of joining at PPAC. The period of deputation can be curtailed. During the period of deputation, the employee will retain lien to his parent organization.
-
2. The employee will continue to get the pay and allowances as admissible to him in his parent company from time to time under the operation of normal rules as per his personal grade pay and scale. The employees shall be entitled to a deputation allowance @ 10% of basic pay per month for deputation tenure of five years.
-
3. The employee will continue to be in the same grade and scale of pay as in his parent organization. Apart from the aforesaid deputation allowance, he will not be allowed any other allowance like officiating allowance etc. during his deputation/ assignment in PPAC.
-
4. During the period of deputation, the employee shall hold such positions and discharge such responsibilities diligently as may be assigned to him from time to time.
In the event the employee gets a promotion while on deputation to PPAC, the employee will continue to be on deputation in case so desired by PPAC, and, if required, would be re-designated as per the practice of PPAC. In case, however, PPAC is unable to accept him in the higher promoted grade, he would revert to his parent organization even during his deputation period.
-
5. During the period of deputation, the employee will draw TA, DA, Bonus, LTC, and reimbursement of vehicle operating expenses for official purposes, etc. as per the rules of his parent organization applicable to his personal grade.
-
6. Other facilities like medical, leave etc. will be available to him as per the rules of his parent organization.
-
7. The employee will continue to be governed by the service, conduct, discipline, and appeal rules of his parent organization.
-
8. The employee shall abide by all day to day working conditions/facilities like closed days, holidays, working hours, canteen facilities, etc. as per the practice in PPAC.