BANGALORE METRO RAIL CORPORATION LIMITED

BANGALORE METRO RAIL CORPORATION LIMITED
A Joint Venture of Govt. of India and Govt. of Karnataka
No. BMRCL / 62 / ADM/2012/DF December 6, 2012

APPOINTMENT OF FINANCE DIRECTOR

Bangalore Metro Rail Corporation Limited , entrusted with implementation of
Bangalore Metro Rail Project, wishes to appoint DIRECTOR (FINANCE), on contract
or on deputation basis.

The Director (Finance) will be a Member on the Board and will report to the
Managing Director. Applications should reach the undersigned on or before
7.1.2013. For details, please visit our website : www.bmrc.co.in in Careers section.
Company Secretary & General Manager

EMPLOYMENT NOTIFICATION

No. BMRCL / 62 / ADM / 2012 / DF December 6, 2012

APPOINTMENT OF FINANCE DIRECTOR

Bangalore Metro Rail Corporation Limited, a joint venture of Government of India
and Government of Karnataka is entrusted with the responsibility of implementing
the Bangalore Metro Rail Project. The project envisages establishing a Metro Rail
system in the city of Bangalore in phases. For details please see Company
Website http://www.bmrc.co.in.
The Company wishes to appoint a Director (Finance). The Director will be a
Member on the Board of Directors of the Company and will report to the Managing
Director.
1 Name of the Post Director (Finance)
2 No. of Posts One
3 Job Description &
Responsibilities He will be responsible for all Finance and Accounts
functions including but not limited to the following:
• Overall supervision of the finance and accounts
functions.
• Fund management (receipts, payments, cash and
bank transactions, cash and fund flow etc.,) including
ensuring that the financial resources are secured and
funds deployed efficiently and effectively.
• Preparation of budgets – annual and as required.
• Ensuring Financial Reporting including P&L, Balance
Sheet etc., duly audited by Internal Audit / Statutory
Audit.
• Project-related financial planning, follow up with
funding agencies, submission of compliance,
narrative reports and MIS
• Coordination with Government of Karnataka,
Government of India, Financial Institutions in India
and overseas.
• Preparation and implementation of Financial Manual.
• Overseeing Installation of ERP packages in respect
of Modules relating to Finance and Accounts
• Improving and implementing a comprehensive
financial management plan that will ensure and
efficient, effective and sustainable programme
consistent with Project Objectives.
• Providing operational oversight from finance /
accounts angle for the overall Project implementation.
• Co-coordinating the consolidation of the annual, short
and long term financial plans, budgets, forecasts,
prepare, analyse and report the results to the
Management.
• Optimising deployment and ensuring adequacy of
financial resources during the implementation of the
Project.
• Appraisal of financial risks and remedial actions.
4 Qualification Should be a Graduate and Member of the Institute of
Chartered Accountants of India / Institute of Costs and
Works Accounts of India / MBA with specialization in
Finance from reputed management institutes such as the
Indian Institutes of Management.
5 Experience
(1) At least 20 years post qualification experience in Project
Finance / Finance / Accounting /Audit / setting up
Financial, Accounting and Audit Systems and
procedures in a large public or private sector
organization of repute with a turnover of not less than
100 crore per annum, of which should include at least 7
years at the level of General Manager / Group General
Manager or equivalent and 1 year at Director’s level or
equivalent. Candidate should have knowledge and
experience in managing financial and accounting
software..
(2) Candidate should be well versed with the latest
accounting standards including GAAP, as well as
developments related to IFRS, taxation, investment and
portfolio management, raising of funds, tender
processes and contracting,
(3) Should have proven ability to handle related functions
independently and lead a team of finance, accounting
and HR professionals.
(4) Persons with experience and knowledge in securing
funds and its management from external agencies will
be preferred
(5) The experience criteria will be relaxed for very deserving
candidates.
6 Option for Govt
Officers
Members of IAS, IA & AS, IRS and Group A Accounts
Services of Government of India (comprising IRAS, IDAS,
ICAS and P&T, FAS etc.,) with 20 years would also be
considered on immediate absorption basis.
7 Age at
recruitment
Age :
Minimum - Not less than 45 years as on 1.4.2012
Maximum - Not more than 57 years as on 1.4.2012
8 Age at retirement Normally 60 years and in exceptional cases 62 years if the
project completion is going to be significantly facilitated by
his presence. Extension to 62 years to be approved by the
Board of Directors in such circumstances
9 Contractual
Tenure
Up to Five years or attaining the age of superannuation,
whichever is earlier, on Immediate absorption basis. Further
extension is possible in case of satisfactory performance
and to be decided by the Board of Directors.
10 Emoluments The pay scale for the posts is Rs. 75000 – 1,00,000 (IDA).
Apart from Basic Pay, DA (IDA Pattern), HRA and other
Allowances as admissible will be allowed.
11. Facilities attached
with the post
The Director (Finance) will be a member of the Board of
Directors of BMRCL. He will be entitled to receive facilities
extended to other Directors, as per decisions of the Board of
Directors, BMRCL, from time to time.
The applications in the enclosed format (Annexure - 1) giving the details about
qualifications, experience and career achievements (in a separate sheet) should
reach at the under mentioned address, positively by 7.1.2013. The candidates
presently employed in Govt. or Public Sector undertakings (PSUs) should forward
their application through proper channel along with their ACRs for the last five years,
so as to reach at the under mentioned address by the stipulated date. The decision
of selection committee shall be final. The candidates shortlisted for interview will be
advised through our website and will be eligible for re-imbursement of to and fro
economy class air fare or train fare by AC II tier.
Company Secretary & General Manager