Assistant Officers (Finance) Vacancy in Indian Oil Corporation

Assistant Officers (Finance) Vacancy in Indian Oil Corporation:

Company Profile: 

As India’s flagship Oil & Gas major, Indian Oil Corporation Limited has been fulfilling the energy needs of the nation for over six decades. With revenue from operations of Rs. 6,05,924 crore and profit after tax of Rs. 16,894 crore for the year 2018-19, Indian Oil is India’s top ranked State-owned commercial enterprise in the Fortune Global 500 listing. Indian Oil operates Asia’s one of largest Refineries, Pipelines and Marketing infrastructure and owns some of the most trusted super brands like INDANE and SERVO. The R&D Centre of Indian Oil is India’s foremost commercial Centre of research excellence in the areas of lubricants, oil refining, fuel additives, engine testing, materials sciences and environmental sciences. Empowered with the ‘Maharatna’ status, the Vision of Indian Oil is to be ‘The Energy of India’ and ‘A Globally Admired Company’.

Qualification:

Graduate in any discipline with minimum 55% marks (relaxed to 50% for candidates belonging to SC/ST and PwBD categories) and have passed the CA Intermediate/ CMA Intermediate (or equivalent qualification from CA/CMA institute)

Experiance: 

At least three years of relevant experience in finance function as on 31st March 2020. Experience gained after passing of CA Intermediate /CMA Intermediate results shall only be considered. Relevant field includes experience in the field(s) of Finance/ Accounts/ Taxation/ Cost Accounting/ Auditing etc. The articled training /practical training which are integrated to the curriculum of respective institution shall not be considered as valid experience for this purpose.

Age Limit:

Maximum 30 years as on 30th June 2020 for General and Economically Weaker Sections (EWS) category candidates.

Selection Process:

The selection methodology will comprise of the following:
On the basis of percentage of marks of CA Intermediate /CMA Intermediate (or equivalent qualification from CA/CMA institute), the candidates will be short listed for further selection process comprising of Personal Interview (PI) and Group Discussion/Group Task (GD/GT) for assessment of different facets of knowledge, skill, attitude and aptitude.
However, it may be noted that shortlisting for PI and GD/GT shall be solely based on the percentage marks scored in the chosen qualification – CA (Intermediate) or CMA (Intermediate) Final merit will be prepared based solely on performance in Personal Interview (PI) and Group Discussion/Group Task (GD/GT) taken together.

How To Apply:

Interested candidates meeting the prescribed eligibility criteria shall have to apply ONLINE at www.iocl.com (Indian Oil for You – IndianOil for Careers – Latest Job Openings) The relevant link will be made available on IOCL web site www.iocl.com from 7th April, 2020. Last date for filling the ONLINE application shall be 6th May, 2020.

Pay Scale:

Candidates selected as Assistant Officers (A0 grade) will receive a starting basic pay of Rs. 40,000/-per month. In addition, the selected candidates will receive Dearness Allowance (DA) and other allowances, according to the rules of the Corporation in force, and as amended from time to time. CTC is around 12.10 Lakh.

Job Description:

Candidates selected as Assistant Officers in finance function may be posted in any of the divisions of Indian Oil – Refineries, Marketing, Pipelines, Business Development and R&D Centre or in Corporate functions or in Subsidiary/Joint Venture companies. Finance profile generally includes – Preparation of accounts, Internal Audit, Accounting, Pricing, Banking & Treasury Functions, Project Appraisal/ Project accounting, Direct and Indirect Taxation, Crude oil procurement/payments, trade receivables, trade payables, assets accounting etc.

Additional Instructions:

a) Only Indian Nationals are eligible to apply.

b) Candidates are advised to fill-in their Personal Details (name, father’s name, date of birth, category Gen/EWS/OBC(NCL)/ SC/ST/PwBD) etc. and other details in the Online application form very carefully, as no request for change in this regard will be entertained.

c) The candidates must have an active e-mail id and a mobile number, which must remain valid for at least next one year. All future communications with the candidates will take place through e-mail/mobile. Candidates have to ensure accuracy of their e-mail ID and mobile number while registering their on-line application of IOCL

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