POWER GRID CORPORATION INDIA LIMITED RECRUITMENT (VACANCY)
Recruitment of CAs and CMAs as Executive Trainee (Finance)
POWERGRID, the Central Transmission Utility (CTU) of India, 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, coordination, supervision and control over complete Inter-State transmission
system.
POWERGRID operates around 161,864 circuit kms. of transmission lines along with 248 Sub-stations (as
on 31.12.2019) and wheels about 50% of total power generated in the country through its transmission
network.
POWERGRID also owns and operates approximately 60,946 kms of Telecom Network, with points of
presence in approx. 688 locations and intra-city network in 105 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 Gross turnover of Rs. 34,119 Crore and Profit
After Tax of Rs. 9939 Crore (FY: 2018 - 19).
To take the growth curve to further heights, POWERGRID is looking for bright, committed and
hardworking Chartered Accountants (CA) and Cost & Management Accountants (CMA) to join them as
Executive Trainee (Finance).
RELAXATIONS AND CONCESSIONS
1. Reservation/ Relaxation/ Concession to candidates belonging to OBC (NCL)/ SC/ ST/ EWS/ PwD/ Ex-SM/ J&K Domicile / Victims of Riots category shall be as per Government of India directives.
2. Relaxation in Upper Age Limit:
a) For OBC(NCL) candidates : 3 years
b) For SC/ST candidates : 5 years
c) For PwD candidates : 10 years over and above category relaxation (i.e. 10 years for a PwD candidate belonging to General category, 13 years for a PwD candidate belonging to OBC(NCL) category etc.)
d) J&K Domicile/ Ex-Servicemen/ Victims of riots : As per Govt. of India directives
3. Reservation/ Relaxation / Concession for SC / ST candidates will be subject to submission of Caste certificate in the GOI prescribed format issued by a Competent Authority at the time of application as well as interview, if called for.
4. Relaxation/ Concession for J&K Domicile / Ex-Servicemen/ Victims of riots will be subject to submission of Age relaxation cum Domicile certificate /Discharge certificate in the prescribed format issued by a Competent Authority at the time of application as well as interview, if called for.
5. Reservation/ Relaxation for OBC (NCL) will be subject to submission of a copy of OBC (NCL) certificate alongwith NCL declaration in the format prescribed by the Govt. of India for “Appointment to Posts under Govt. of India” from a Competent Authority at the time of application as well as interview, if called for.
6. Reservation for EWS will be subject to submission of a copy of the latest Income and Asset Certificate issued by a Competent Authority at the time of application as well as interview, if called for.
6. Categories/ Subcategories of PwD eligible for the post are as per the categories/ sub-categories of PwD identified suitable for the post are as follows:
Locomotor Disability :
o Orthopedic Impairment: One Leg, Both Leg, One Arm, One Arm & One Leg
o Other conditions: Cerebral Palsy, Dwarfism, Muscular Dystrophy, Acid Attack, Leprosy Cured (The extent of orthopedic impairment arising out of the condition should not be more than the subcategories of orthopedic impairment identified suitable)
Visually Impaired : Blind, Low Vision
Hearing Impaired : Deaf & Hard of Hearing
Autism and Learning Disability
Chronic Neurological Conditions : Multiple sclerosis/Parkinson’s disease, Blood Disorders/Hemophilia/ Thalassemia/Sickle Cell disease
7. Relaxation / Concession for Persons with Disability is subject to submission of Disability Certificate issued by a Government Medical Board, in the format prescribed by Govt. of India, if called for at the time of application as well as interview, if called for.
8. SC/ST/PwD/Ex-SM candidates are exempt from payment of Application fee.
9. Relaxation/ Concession for Departmental Candidates
No Upper Age Limit
No Application Fee
Trainees working in POWERGRID shall not be considered as Departmental Candidate. Please refer to Internal Circular for further details.
SELECTION PROCESS
The selection process will comprise of Test, followed by Group Discussion, Behavioral Assessment and Personal Interview of the candidates who qualify in 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 –
Professional Knowledge Test (PKT) – 120 Questions
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.
All questions shall carry equal marks (1) with 1/4 negative marking for each wrong or multiple answer.
Qualifying Marks in Test: Candidates shall have to qualify in the test to be called for GD, Behavioral Assessment and Interview based on their performance in test as indicated below:
For Unreserved/EWS – minimum 40% marks subject to at least 30% marks in EAT and PKT separately.
For OBC(NCL)/SC/ST/PwD vacancies – minimum 30% marks subject to at least 25% marks in EAT and PKT separately.
Shortlisting of Eligible candidates for GD & Interview: The eligible qualified candidates shall be called for GD & Interview on the basis of their marks in test.
Qualifying Marks in GD & Interview: GD will not have any qualifying marks. Interview will have qualifying marks for different categories as mentioned below :
Category Qualifying Marks in Interview
Unreserved/EWS 40%
OBC (NCL) / SC/ST/ PwD 30%
Weightage to Different Parameters: For calculation of final score of a candidate for empanelment, the weightages assigned to Test Marks, Group Discussion and Interview shall be as indicated below:
Marks in Test 85%
Group Discussion 3%
Personal Interview 12%
Empanelment of Candidates:
Candidates shortlisted for GD and interview will have to undergo behavioral assessment; results of which shall be used as an input during the interview.
Candidates who qualify in the Personal Interview will only be adjudged suitable for empanelment. Therefore it is again reiterated that candidates will have to qualify in the Test and in the Personal Interview separately in order to be considered eligible for empanelment. The Offer of Appointment shall be issued to the suitable candidates in the order of category wise merit and based on vacancies. Category Qualifying Marks in Interview Unreserved/EWS 40% OBC (NCL) / SC/ST/ PwD 30% Appointment of selected candidates will be subject to them being found medically fit in the PreEmployment Medical Examination.
Job description:-
Roles & Responsibilities:
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.
POST DETAIL
RELAXATIONS AND CONCESSIONS
1. Reservation/ Relaxation/ Concession to candidates belonging to OBC (NCL)/ SC/ ST/ EWS/ PwD/ Ex-SM/ J&K Domicile / Victims of Riots category shall be as per Government of India directives.
2. Relaxation in Upper Age Limit:
a) For OBC(NCL) candidates : 3 years
b) For SC/ST candidates : 5 years
c) For PwD candidates : 10 years over and above category relaxation (i.e. 10 years for a PwD candidate belonging to General category, 13 years for a PwD candidate belonging to OBC(NCL) category etc.)
d) J&K Domicile/ Ex-Servicemen/ Victims of riots : As per Govt. of India directives
3. Reservation/ Relaxation / Concession for SC / ST candidates will be subject to submission of Caste certificate in the GOI prescribed format issued by a Competent Authority at the time of application as well as interview, if called for.
4. Relaxation/ Concession for J&K Domicile / Ex-Servicemen/ Victims of riots will be subject to submission of Age relaxation cum Domicile certificate /Discharge certificate in the prescribed format issued by a Competent Authority at the time of application as well as interview, if called for.
5. Reservation/ Relaxation for OBC (NCL) will be subject to submission of a copy of OBC (NCL) certificate alongwith NCL declaration in the format prescribed by the Govt. of India for “Appointment to Posts under Govt. of India” from a Competent Authority at the time of application as well as interview, if called for.
6. Reservation for EWS will be subject to submission of a copy of the latest Income and Asset Certificate issued by a Competent Authority at the time of application as well as interview, if called for.
6. Categories/ Subcategories of PwD eligible for the post are as per the categories/ sub-categories of PwD identified suitable for the post are as follows:
Locomotor Disability :
o Orthopedic Impairment: One Leg, Both Leg, One Arm, One Arm & One Leg
o Other conditions: Cerebral Palsy, Dwarfism, Muscular Dystrophy, Acid Attack, Leprosy Cured (The extent of orthopedic impairment arising out of the condition should not be more than the subcategories of orthopedic impairment identified suitable)
Visually Impaired : Blind, Low Vision
Hearing Impaired : Deaf & Hard of Hearing
Autism and Learning Disability
Chronic Neurological Conditions : Multiple sclerosis/Parkinson’s disease, Blood Disorders/Hemophilia/ Thalassemia/Sickle Cell disease
7. Relaxation / Concession for Persons with Disability is subject to submission of Disability Certificate issued by a Government Medical Board, in the format prescribed by Govt. of India, if called for at the time of application as well as interview, if called for.
8. SC/ST/PwD/Ex-SM candidates are exempt from payment of Application fee.
9. Relaxation/ Concession for Departmental Candidates
No Upper Age Limit
No Application Fee
Trainees working in POWERGRID shall not be considered as Departmental Candidate. Please refer to Internal Circular for further details.
SELECTION PROCESS
The selection process will comprise of Test, followed by Group Discussion, Behavioral Assessment and Personal Interview of the candidates who qualify in 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 –
Professional Knowledge Test (PKT) – 120 Questions
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.
All questions shall carry equal marks (1) with 1/4 negative marking for each wrong or multiple answer.
Qualifying Marks in Test: Candidates shall have to qualify in the test to be called for GD, Behavioral Assessment and Interview based on their performance in test as indicated below:
For Unreserved/EWS – minimum 40% marks subject to at least 30% marks in EAT and PKT separately.
For OBC(NCL)/SC/ST/PwD vacancies – minimum 30% marks subject to at least 25% marks in EAT and PKT separately.
Shortlisting of Eligible candidates for GD & Interview: The eligible qualified candidates shall be called for GD & Interview on the basis of their marks in test.
Qualifying Marks in GD & Interview: GD will not have any qualifying marks. Interview will have qualifying marks for different categories as mentioned below :
Category Qualifying Marks in Interview
Unreserved/EWS 40%
OBC (NCL) / SC/ST/ PwD 30%
Weightage to Different Parameters: For calculation of final score of a candidate for empanelment, the weightages assigned to Test Marks, Group Discussion and Interview shall be as indicated below:
Marks in Test 85%
Group Discussion 3%
Personal Interview 12%
Empanelment of Candidates:
Candidates shortlisted for GD and interview will have to undergo behavioral assessment; results of which shall be used as an input during the interview.
Candidates who qualify in the Personal Interview will only be adjudged suitable for empanelment. Therefore it is again reiterated that candidates will have to qualify in the Test and in the Personal Interview separately in order to be considered eligible for empanelment. The Offer of Appointment shall be issued to the suitable candidates in the order of category wise merit and based on vacancies. Category Qualifying Marks in Interview Unreserved/EWS 40% OBC (NCL) / SC/ST/ PwD 30% Appointment of selected candidates will be subject to them being found medically fit in the PreEmployment Medical Examination.
Job description:-
Roles & Responsibilities:
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.
 -VACANCY){kind=link}
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