Engagement of Financial Advisor for PRGFEE Scheme of REC Power Distribution Company Ltd.

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1 Engagement of Financial Advisor for PRGFEE Scheme of REC Power Distribution Company Ltd. REC Power Distribution Company Ltd. (RECPDCL) is a wholly owned subsidiary of Rural Electrification Corporation Limited, a Navratna CPSE under the Ministry of Power, Govt. of India. Government of India within its Mission for Enhanced Energy Efficiency (NMEEE) has incepted a Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) and Bureau of Energy Efficiency (BEE) is made its nodal agency. PRGFEE is a risk sharing mechanism to provide participating financial institutions (Banks/NBFCs) (PFIs) with a partial coverage of risk involved in extending loans for energy efficiency (EE) projects being promoted by Energy Services Companies (ESCO) and to be loan funded by PFIs. BEE has awarded the work of Implementing Agency to the consortium of REC, RECPDCL & EESL where RECPDCL is the lead agency. In order to implement the above scheme, RECPDCL requires one ex-banking professional on fixed term contract basis having relevant experience for the post of Financial Advisor having vast experience in banking procedures parallel to PRGFEE scheme to assist us in formulation of PRGFEE procedures and to carry out the required Project Appraisal with respect to the financial strength of borrowers vis-à-vis viability of energy efficiency projects, scrutinize and process the loss claim etc. and also to advise and monitor the investment of PRGFEE corpus fund, MIS and reporting to BEE from time to time during the whole contract period of 3 years which is extendable as per the company rules (Including 3 years of Bond) as deemed by RECPDCL. Job specifications are as under:- Post Name: Financial Advisor A financial advisor will be responsible for various portfolio of finance spectrum of RECPDCL as under:- (i) Providing IA services in terms Contract Agreement with BEE and the consortium members (ii) Managing PRGFEE corpus Fund (iii) Appraisal of PRGFEE proposals (iv) Entering into agreement with lenders for furnishing PRGFEE Guarantees (v) Admitting the loss claim of lenders and meeting them from PRGFEE corpus fund. (vi) A detailed procedure evolution, defining processes and project monitoring etc. (vii) Reporting of MIS of PRGFEE scheme corpus fund and NPA status etc. (viii) Any other such responsibility as assigned by the Company from time to time Qualification and required experience: - Qualified Chartered Accountants/Cost Accountants/MBA with specialization in Finance/Qualified CAIIB with post qualification experience of working for at least 15 years in 'Credit' department handling all segments of credit i.e. marketing, appraisal, disbursement and monitoring/progress of projects in any Public Sector Banks with at least three years of experience in the Scale-V of PSB scales/e-5 of CDA or equivalent. 1

2 Age limit-max 62 yrs. as on CTC and Bond Details are as under:- Sl. No Particulars 1. Candidate not attained the age of Superannuation 2. Candidate attained the age of Superannuation CTC (Per Annum basis) Rs. Rs Lakhs Rs Lakhs Bond Amount (For 3 years) 3 Lakhs 2 Lakhs The all-inclusive annual pay and allowance is mentioned above (which includes the employer PF contribution if applicable) and an annual increment of up to Rs. 5,000/- subject to satisfactory performance. Higher startups may be considered for suitable candidates. Medical Fitness: Applicants should have sound health. Engagement of selected candidates shall be subject to medical fitness test as prescribed by RECPDCL. No relaxation in medical standards shall be allowed. Selection Process: Application along with all required documents (CV, Educational certificates & Experience etc.) may be sent to the Chief Financial Officer, RECPDCL at following address latest by REC Power Distribution Co. Ltd. Corporate Office , 10th Floor, Devika Tower Nehru Place, New Delhi General Information: 1. The candidate should have impeccable record of service i.e. never has been pronounced with any penalty. 2. It may be clearly understood by the applicants that this position is proposed to be filled in strictly on contract and based on fixed tenure basis initially for 3 years and may be extended depending on the requirement. 3. The appointment will be on full time basis and no other assignment /engagement will be allowed to the selected candidates while in service of RECPDCL. 4. The candidate shall be selected on the basis of interview of shortlisted candidates only and decision of RECPDCL shall be final in this regard. 5. No correspondence will be entertained for the unselected candidates. 6. Only Indian Nationals are eligible to apply. 7. No TA/DA will be paid to the candidates for attending the interview. 8. No fee is to be paid by the candidate for applying for the above post. 2

3 9. Any corrigendum/clarifications on this advertisement, if necessary, shall be uploaded on RECPDCL website and no separate press coverage or individual communication will be necessary for this purpose. 10. The Company reserves the right to verify the credentials from earlier employer/institution as the case may be without notice to the candidate. 11. The selected candidate will be posted at Corporate Office, New Delhi. 12. RECPDCL reserves the right to relax age/experience/qualification & other qualifying criteria in deserving cases. 13. Mere fulfilling of eligibility criteria shall not confer any right to the applicant for being called for the interview/ engagement. Canvassing in any form will disqualify the candidate. 14. The Company reserves the right to cancel/ amend the advertisement and/or the selection process there under. The number of positions to be filled may increase or decrease depending on the requirement of RECPDCL at the time of engagement. 15. In case, of extension of interview for next day, candidates have to arrange lodging and boarding at their own. 16. All disputes / cases related to this recruitment process are subject to jurisdiction of courts at Delhi only. How to apply: 1. Application format is available on the official website of RECPDCL: 2. Candidates should come along with filled application form and photocopies of required and relevant documents in support of Age, Qualification, Mark Sheet, Degree & Experience Certificate Etc. and two passport size photographs. 3. Applicants are required to bring original certificates/documents for verification at the time of interview and without the verification candidates are not eligible for interview. 4. Incomplete, unsigned applications, application without attested copies as enclosures: proving age, qualifications including specialization, class, % of marks, experience, reservations etc. will not be considered. 5. In support of required experience, original copy of posting orders and/or experience certificates issued by employer will only be considered. 3

4 Application Format Name of the post applied for: I. Personal particulars: Affix recent colour passport size photograph 1. Name 2. Date of Birth (dd/mm/yyyy) 3. Father/Husband s Name 4. Nationality 5. Minority Community (Not applicable/christian/muslim/sikh/zorastrian) 6. Marital Status (Married/Unmarried) 7. Gender (Male/Female) 8. Address for communication 9. Contact No. with STD Code 10. Mobile no ID 12. Nearest Railway Station II. Preliminary details: 1. Category (General/SC/ST/OBC-NCL) 2. Are you a Domicile of J&K during to (Yes/No) 3. Whether Ex-Serviceman (Yes/No) 4. No. of years of service 5. Whether Person with disabilities/ph (Yes/No) 6. Whether REC/ RECPDCL employee (Yes/No) III. Qualifications: (Educational qualification starting from SSC/ X with attested photocopies) Qualification Month Year passing & Board/ of University/ Institute Main %age of marks & Subjects/ Grade/ Div./ Specialization Class/CGPA IV. Experience details: 1. Present position held from (Date) 2. Present Designation 3. Name of the Organization 4. Present Job Responsibilities 4

5 5. Type of the Organization (Govt./PSU/Private/JV/MNC/NGO/Academic/Others) 6. Turnover of the Company during (for other than Govt. and PSU) 7. Pay Scale in case of Govt./ PSU employee 8. Present Basic Pay in case of Govt. and PSU employee. 9. CTC in case of others 10. Nature of Business of the Company 11. Total experience required (as per advertisement) 12. Total post qualification experience (excluding induction training/ teaching period) in years, months and days. V. Previous experience details (starting from first job): Name of theposition Organization Held Pay CTC Scale/ Duration (from to) Nature of duties/ Responsibilities VI. Job-Suitability statement for the post offered by RECPDCL(in not more than 200 words): VII. Other details: 1. Academic achievements in 20 words(optional) 2. Professional achievements in 20 words(optional) 3. No. of days required for joining if offered, before notice period. 4. Language known 5. Extra-Curricular activities, if any(optional) 5

6 Verify all details filled in once again Declaration: 1. I hereby declare that I have verified the details indicated above and also confirm that all the information is submitted to the best of my knowledge. 2. I hereby declare that I have an impeccable record of service in any Banks/institution and has never been pronounced any penalty in my past employments. At any stage if it is found that any of the above information is incorrect and/or is suppressed, the management of RECPDCL shall have the right to take any action, as deemed fit as per extant rules. Place: Date: (Signature) Note: Please enclose attested copies of proof of age, qualification, experience, valid caste certificate issued by appropriate authority, etc.. 6

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