POWERGRID, one of the largest Transmission Utilities in the World and a Maharatna Enterprise of Govt. of India is engaged in power transmission business with the mandate for planning, co-ordination, supervision and control over complete Inter-State Transmission System. POWERGRID operates around
172,198 circuit kms. of transmission lines along with 264 Sub-stations (as on Jan, 2022) and wheels about 50% of total power generated in the country through its transmission network. POWERGRID also owns and operates approximately 72,126 kms of Telecom Network, with Points of Presence in 458 locations & Points of Interconnections in 780 locations and intra-city network in 256 cities across India. POWERGRID, with its strong in-house expertise in various facets of Transmission, Sub-Transmission,
Distribution and Telecom sectors also offers consultancy services at National and International level.
POWERGRID has been making profit since inception, having approx. Gross turnover of Rs. 40,823 Crore and Profit After Tax of Rs. 12,036.46 Crore (FY: 2020-21).
VACANCY DETAILS :-
POST NAME - Assistant Officer Trainee Finance
QUALIFICATION - CA/CMA
EXPERIENCE - Nil
POST - 28
AGE LIMIT - 28 Years
LOCATION - All Over India
JOB DESCRIPTION :-
1. Establishment & PF Section Management: Preparation of salary, Personal taxation, Passing of personal claims and advances (medical, tour, contingent etc), Management of PF
slip/Pension slip, Investment as per guidelines, Release of retirement benefits etc.
2. Commercial Management: Preparation of cost data for CERC submission for tariff determination, Manage Income account, Collection of funds, Disbursement of funds, Reconciliation of debtors.
3. International Finance Management: Passing of bills of foreign vendor, Submission of utilization for international vendor, Deduction of TDS, Import of goods, Payment of outstanding.
4. Concurrence Management: Vetting of estimates receipts from various deptt.(establishment, cost engg, contracts etc), Vetting of proposal, Concurrence of LOA.
5. Bill Processing Management: Passing of bill receipt from various section (HR, Material, Contracts etc),Deduction and deposit of TDS under various section.
6. Book Section Management: Preparation of company financial statement, Publishing of financial statement, Audit of account, CAG- Getting account audited from statutory auditor, Liasoning with auditors, Meeting with investor, Preparation of annual report data
7. Budgeting: Preparation of budget for O&M and construction, Recording of expenditure as per actual, Analysis of deviation.
8. Taxation: Estimation of Advance tax of the company, TDS Reconciliation, Compilation of transfer pricing, Filing of tax audit report, Filing of ITR etc, Compliances under GST etc.
9. Procurement of Funds: Planning of procurement of funds through domestic borrowing and international borrowing and following up repayment schedule.
10. Audit and Physical Verification: Coordination with various auditors, Compliance of audit, Furnishing replies etc.
11. Banking Management: Payment to various vendors, Collection of funds for clients, bank reconciliation, rectification of pending entries etc.
COMPENSATION PACKAGE :-
Selected candidates will be placed in the pay scale of Rs.40,000/- -3%-1,40,000(IDA) during the one-year training period. They shall be paid a stipend in the form of Basic Pay of Rs. 40,000/- alongwith IDA, HRA
and Perks @12% of basic pay during the training period.
On successful completion of training, the candidates will be absorbed as Officer in E2 scale - Rs. 50,000/-3%- 1, 60,000/- (IDA).
On regularization, the Compensation package will include Basic Pay, Dearness Allowance, Perquisites and Allowance as per cafeteria approach, Performance Related Pay, Company Leased Accommodation / Company Quarters or HRA, Reimbursement of monthly conveyance expenditure, mobile facility reimbursement, laptop facility, PF, Gratuity, Pension & Leave encashment, Group Insurance, Group Personal Accident
Insurance etc.
The Corporation also offers excellent facilities like Short and Long term Loans & Advances on subsidized rates including House Building Advance, Medical facilities for self and dependents etc. to its regular
employees in accordance with the policies of the organization from time to time.
SELECTION PROCESS
:-
The selection process will comprise of Written Test / Computer Based Test, followed by Group Discussion,
Behavioral Assessment and Personal Interview of the candidates who qualify in the Test and are shortlisted category wise for the GD and Interview.
Scheme of the Written Test (Computer Based Test):
The question paper shall be objective type with four answer choices for each question and consists of two
sections –
1. Professional Knowledge Test (PKT) – 120 Questions
2. Executive Aptitude Test (EAT) - 50 Questions
The PKT shall consist of discipline specific questions whereas the EAT shall have questions on vocabulary, verbal comprehension, quantitative aptitude, reasoning ability, data sufficiency and interpretation & numerical ability.
The Written Test shall be of 02 hours duration however the same may be changed at the discretion of Management.
All questions shall carry equal marks (1) with 1/4 negative marking for each wrong or multiple answer.
TEST CENTERS
:-
The test shall be held at following locations:
• Delhi NCR • Kolkata • Chennai
• Mumbai • Vadodara
• Bangalore • Hyderabad
APPLICATION FEE - 500/-
IMPORTANT DATES :-
1. Commencement of Online Submission of Application to POWERGRID - 09.02.2022
2. Last date for Online submission of Application to POWERGRID - 28.02.2022
LINK FOR OFFICIAL NOTIFICATION - CLICK HERE
LINK FOR ONLINE APPLICATION - CLICK HERE
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