India Infrastructure Finance Company Limited (IIFCL) is inviting applications from eligible Indian citizens for filling up the post of Assistant Manager (Grade A) through open competition on all India basis for various streams.
About IIFCL
India Infrastructure Finance Company Limited (IIFCL) is a wholly owned Government of India company set up in 2006 to provide long-term financial assistance to viable infrastructure projects. As a long-term lending institution, IIFCL is amongst the most diversified public sector infrastructure lender in terms of eligible infrastructure sub-sectors and product offerings.
IIFCL Assistant Manager Important Dates
| Events | Dates |
| Online Registration Important Date | 7 December 2024 |
| Online Registration Closing Date | 23 December 2024 |
| Online Examination Tentative Date | January 2025 |
| Interview Tentative Date | January/ February 2025 |
| Final Result Declaration Date | January/ February 2025 |
Number of Vacancy
40
Eligibility Criteria
- Candidate must be a citizen of India
- Must must have attained age of 21 years and must not have attained age of 30 years on November 30, 2024
Educational Qualification and Work Experience
1. Post- Project Financing, Stressed Asset Management
No. of Post– 4
Educational Qualification
Essential Educational Qualification
Post-Graduate Degree / Diploma in Management with Specialization in Finance / Banking & Finance
OR
Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)
Desirable: Chartered Financial Analyst (CFA)
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: work experience in handling project financing / Mid – large corporate credit appraisals / Stressed Asset Management and Recovery and related areas.
Experience related to infrastructure sector is desirable.
2. Post- Accounts
No. of Post– 5
Educational Qualification
Essential Educational Qualification
Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: Accounting and Taxation related areas.
3. Post- Resource and Treasury
No. of Post– 2
Educational Qualification
Essential Educational Qualification
Post-Graduate Degree/ Diploma in Management with Specialization in (Finance/ Forex/ Banking & Finance) OR Chartered Accountant (CA) / Certified Management Accountant (CMA/ ICWA)
Desirable: CFA / Certification in Treasury / Forex
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: In treasury functions / investment desk / asset liability management / back-office functions viz. settlements, reconciliation, valuation/ forex & derivatives. Experience in fund-raising / institutional resources mobilization
4. Post- Information Technology
No. of Post– 2
Educational Qualification
Essential Educational Qualification
Bachelor’s Degree in Engineering with specialization in IT/ Computer Science
OR
Bachelor’s Degree in any discipline with a post graduate qualification in computer science/ computer application/ information technology.
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: IT Applications/ Cyber Security Technologies/IT related functions.
Experience in implementation in CBS / SAP in regulated financial services organization is desirable.
5. Post- Legal
No. of Post– 2
Educational Qualification
Essential Educational Qualification
Bachelor’s Degree in Law (LLB)
Desirable: LLM
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: as a Law Officer in Banks/ financial institutions in public or private sector of repute / PSUs.
Or
as an Advocate (including as an associate in an Advocate’s or solicitor’s Office or Law firm) after being enrolled under the Advocates Act, 1961 (25 of 1961)
OR
Experience in Supreme Court of India / High Courts / other Courts and Tribunals or equivalent/ Ministry of Law (Govt. of India) / Statutory Legal Institutions (Govt. of India) / National Law Universities / recognized Research Institutions / Public Sector Undertakings / Semi Government / other Government Bodies in the field of Law or related experience in the field of law.
6. Post- Secretarial functions
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Qualified Company Secretary (CS) from the Institute of Company Secretaries of India (ICSI)
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: as a Company Secretary or having experience in Company Secretarial Compliances, Corporate Governance, conducting Board Meeting and related works.
7. Post- Corporate Social Responsibility
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Post-Graduate Degree / Diploma in Corporate Social Responsibility (CSR) / Master in Social Work or equivalent
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: handling CSR related activities.
8. Post- Environment and Social Safeguard
No. of Post– 2
Educational Qualification
Essential Educational Qualification
Post-Graduate Degree / Diploma in Engineering, Environmental Mgmt., Environmental Sciences, M.Sc.
OR Post-Graduation in Social Works / Sociology / Anthropology / Economics Development Services.
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: working with environmental and social impact assessment and implementing environmental and social management plan, preparation of environmental and social safeguards documents and related works.
9. Post- Risk Management
No. of Post– 2
Educational Qualification
Essential Educational Qualification
Post-Graduate Degree / Diploma in Management with Specialization in Finance / Banking & Finance.
OR
Chartered Accountant (CA)
Desirable: FRM or equivalent Risk Management Certification
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: Risk management / ALM function /operational risk/credit risk/Market Risk / Credit Monitoring or related work.
10. Post- Procurement
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Postgraduate degree/ diploma in any discipline.
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: in Administration/Procurement Deptt of any Central or State Govt / Govt Deptt. / PSUs / PSBs / any other Govt entity handling procurement and related activities, first-hand experience of working on GeM portal, having knowledge of General Financial Rules of GoI.
11. Post- Human Resource
No. of Post– 2
Educational Qualification
Essential Educational Qualification
Post-Graduation Degree/ Diploma in Management with Specialization in Human Resources / Industrial Relations/ Personnel Management.
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: in handling core HR activities or functions like recruitment, salary management, training and developments, having knowledge about Reservation guidelines, Rosters etc.
Experience in Govt. Deptt / PSU / PSBs is desirable.
12. Post- Research and Analysis
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Post-Graduation Degree/ Diploma in Economics/ Statistics
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: exposure in Economic research, Banking and Financial Sector, policy formulation and analysis of macro trends or related research works.
13. Post- Rajbhasha
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Post-Graduate Degree / Diploma in Hindi/Hindi Translation with English as a subject at the Bachelor’s degree level;
OR
Master’s Degree in English / Sanskrit / Economics / Commerce with Hindi as a subject at the Bachelor’s degree level along with Post Graduation diploma in translation;
OR
Master’s Degree in both English and Hindi/Hindi Translation,
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: experience preferably in Government Department/ Public Sector Undertakings/ Banks/ Academic Professional Institutions in translation from English to Hindi and vice versa. Knowledge of shorthand /typing in (HINDI) and knowledge of rules and procedures of Government as regards official language.
14. Post- Compliance and Audit
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Postgraduate degree/ diploma in any discipline.
Desirable: CISA (Certified Information Security Auditor) or CIA or Certified Accounting & Audit
Professional from IIBF
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: Compliance and Audit related matters in RBI regulated entities. OR
In areas of internal audit/ statutory audit/ accounting /data analytics/ forensic investigation/ information technology etc. or related field.
15. Post- Corporate Communications
No. of Post– 1
Educational Qualification
Essential Educational Qualification
Post-Graduation degree / Diploma in Corporate Communication / Mass Communication / Advertising / Journalism or related fields.
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: experience in a corporate house / media organization / advertising or public relations agency or related activities
OR
experience in creating content, planning & arranging media activities (Social / broadcast) for a Government agency/ department/ entity and management of Government Communication
16. Post- General
No. of Post– 12
Educational Qualification
Essential Educational Qualification
Postgraduate degree/ diploma in any discipline / Bachelor’s Degree in Law (LLB) / BA+LLB (5 year) / Chartered Accountant (CA) / B Tech / B.E.
Minimum Post-Qualification
Minimum Experience: At least 01 year of post qualification experience in officer cadre in Banks / Financial Institutions / Central or State Govt. / PSUs or any other organization of repute.
Area of Experience: Preference will be given to candidates having relevant work experience in banking and finance industry.
Selection Procedure
Selection process for IIFCL Assistant Manager Recruitment involves:
Phase I- Online Examination (Objective Type)
- Single Paper for 200 marks
Written Examination Structure mentioned below:
| Test | Test Selection | Type | Questions No. | Max. Marks | Time |
| I | Reasoning | Objective | 25 | 25 | |
| Quantitative Aptitude | Objective | 25 | 25 | ||
| English Language | Objective | 25 | 25 | ||
| Current Affairs | Objective | 25 | 25 | ||
| Total (Test I) | 100 | 100 | 60 Minutes | ||
| II | Domain Knowledge* Project Finance Corporate Banking, Treasury General Management Risk Management Corporate Governance in Banking Sector Accounting and Taxation Indian Economy Financial / Banking System in India – Structure and concerns, Financial Institutions. Latest RBI/SEBI Circulars, Guidelines on NBFCs, Project Finance, NPA etc. Annual reports of RBI, SEBI, IIFCL etc. | Objective | 50 | 100 | 60 Minutes |
| Grand Total (Test I + Test II) | 150 | 200 | 120 Minutes |
Phase II- Interview (Technical and Behavioural)
- Candidates will be shortlisted for the interview, based on marks obtained in Phase-I (Written
Examination). - Interview will be of 100 marks. Candidate may opt for interview either in Hindi or English.
Salary
Selected Candidates will draw a starting basic pay of Rs. 44500/- p.m. in the pay scale of Rs. 44500 – 2500 (4) – 54500 -2850 (7) – 74450 – EB -2850 (4) – 85850 – 3300 (1) – 89150 (17 Years) applicable to Officers in Grade A and they will also be eligible for Dearness Allowance, Grade Allowance, Local Allowance, House Rent Allowance, Family allowance, Special Allowance etc. as per rules in force from time to time. The House Rent Allowance (HRA) of 15% of Basic Pay will be paid if lease facility is not availed. Further, candidates selected for the post will be governed by ‘the defined contribution New Pension Scheme (NPS)’, or such other scheme as notified by Government of India from time to time.
Application Fee
The application fee will be as follows:
| Category | Fee | Remarks |
| SC/ST PwBD | Rs. 100/- | Intimation Charges |
| Others (including UR/ EWS/ OBC) | Rs. 600/- | Examination Fee and Intimation Charges |
Stay connected by joining us on our WhatsApp Channel Here.