|
NF-12012(26)/1/2025-ESTT-NFRA National Financial Reporting Authority **** 7th Floor, Hindustan Times House, Kasturba Gandhi Marg, New Delhi Dated: 20th February 2025 CIRCULAR Filling up the post of Executive Director (ED) in NFRA at New Delhi on a Deputation/ Short-Term Contract basis NFRA, New Delhi, is a statutory body set up under Section 132 of the Companies Act, 2013. NFRA has been established to protect the public interest and the interests of investors, creditors and others associated with the companies or bodies corporate by establishing high-quality standards of accounting and auditing and exercising effective oversight of accounting functions performed by the companies and bodies corporate and auditing functions performed by auditors. 2. The Authority proposes to fill up the posts of Executive Director in its headquarters in New Delhi. The appointment for the post will be on a deputation / Short-term Contract basis, for three years. 3. The eligibility for recruitment on a deputation / short-term contract basis on the post is as follows: For Deputation: - Group A Officers from All India or Central Civil Services with a minimum of 18 years of service - Must have either: • 8 years of service in Level 12 (Rs. 78800-209200) of the pay matrix, OR • 6 years of service in Level 13 (Rs. 123100-215900) of the pay matrix. - Minimum 6 years of experience in one or more of the following fields: Law, Investigation, Finance, Economics, Accountancy, Auditing, or Administration. For Short-Term Contract; - Officers from RBI, Public Sector Banks, Government Financial Institutions, Regulatory Bodies, Statutory Bodies, Public Sector Undertakings, and other Government Institutions - Must have a minimum of 20 years of experience in the officer cadre. - At least 15 years of post-qualification experience in Law, Investigation, Finance, Economics, Accountancy, Auditing, or Administration. 4. The Educational Qualification prescribed for recruitment on a short-term contract basis on the post is Master of Business Administration (MBA); or equivalent with specialisation in Finance; or Chartered Accountant (CA); or Chartered Financial Analyst (CFA); Postgraduate degree in Economics, Finance, or any other relevant discipline from a recognised University or Institution. A degree in Law from a recognised University is desirable. 5. The applications are being sought for a role in the review of the financial statements, monitoring/review/oversight over audit quality and enforcing compliance with auditing and accounting standards, and role related to overseeing the Information Technology set up at NFRA involves managing the IT infrastructure, development and implementation of IT strategies aligned with NFRA’s objectives and goals etc. Consequently, applicants may include in their Statement of Purpose their suitability for these roles 6. The selection process may involve a suitability assessment as decided by NFRA Candidates should satisfy themselves about their eligibility for the post being applied. NFRA shall determine their eligibility, and only eligible candidates will be called for the suitability assessment (interview/personal interaction etc). NFRA reserves the right to modify the selection procedure, as may be decided by the Competent Authority. 7. Monthly emoluments at the minimum pay scale for the post of the Executive Director work out to approximately Rs 4.36 lakh. HRA, Transport, Medical, Telephone bill reimbursement etc, are also paid as applicable. Employees on a deputation/ Short-Term Contract basis may choose to receive either the pay of the post or their parent cadre pay with deputation allowance. The decision of Competent Authority in NFRA regarding pay and allowances is final and binding 8. The tentative number of vacancies in ED is 01 (one). However, NFRA reserves the right to fill all the posts or not to fill up the posts at all. The Authority shall reserve the right to decrease or increase the number of posts to be filled in in case of best suitability. The Authority also reserves the right to cancel the advertisement fully or partly on any grounds, 9. The rnaximurn age limit for a Deputation or Short-term Contract is 56 years as of the closing date for application submission. 10. The candidates appXying for the post should route their applications in the prescribed proforma (Annexure) through their cadre controlling authority along with attested copies of ACRs/APARs for the last five years, Cadre clearance and Vigilance Clearance (major/minor penalties, if any, imposed during the last 10 years). Incomplete applications will not be considered. In case of non-receipt of the abovementioned documents, the application shall be summarily rejected. 11. Applications received after the due date will not be entertained. NFRA takes no responsibility for any delay in receipt of the application or loss thereof in postal transit. The decision of the Authority in all matters would be final and binding, and no correspondence in this regard would be entertained. 12. Candidates who satisfy the eligibility norms may apply giving their biodata strictly in the prescribed proforma. The application should be sent through the proper channel in an envelope superscribing “Application for the post of ED in NFRA” and $hould be sent to the following address: The Secretary National Financial Reporting Authority (NFRA) 7th Floor, Hindustan Times House 18-20 Kasturba Gandhi Marg, New Delhi – 110001 13. All applications must reach this office on or before 2 months from the date of the advertisement of this Vacancy Notice in Employment News. Advance copies along with stipulated documents may be sent to email id dqm@nfra.gov.in. (Note- in case of any change in this notice the same will be displayed on the NFRA website as such interested officers are requested to see the NFRA website nfra.gov.in regularly) (Simardeep Singh Ahuja) Deputy General Manager Copy to 1. All Ministries / Departments of the Government of India 2 All State Governments / Union Territory Governments, 3. RBI / Public Sector Banks / Government Financial Institutions / Regulatory Bodies / Public Sector Undertakings / Statutory Bodies / Other Government Institutions 4. Director (Admin), DoPT with a request to kindly arrange to put up this Vacancy Circular on the Vacancy Notifications of Min. / Deptt. / Org. in the GOI section of the DOPT website. 5. Under Secretary [CS-1 (P)], DoPT with a request to kindly arrange to put up this Vacancy Circular on the What’s New section of the DoPT website for wide publicity . 6. AM (IT), NFRA with a request to arrange for uploading this Vacancy Circular on the website of NFRA, social media handles of NFRA and the website of the Ministry of Corporate Affairs. Application form for the vacancy in NFRA
|